BL Operations Limited 11664744 false 2023-01-01 2023-12-31 2023-12-31 The principal activity of the company is the provision of and supplying and management of services, facilities and events to managed workspaces, co-working workspaces, virtual offices and meeting rooms. Digita Accounts Production Advanced 6.30.9574.0 true true true 11664744 2023-01-01 2023-12-31 11664744 2023-12-31 11664744 core:CurrentFinancialInstruments 2023-12-31 11664744 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 11664744 core:FurnitureFittings 2023-12-31 11664744 core:LandBuildings core:OwnedOrFreeholdAssets 2023-12-31 11664744 core:PlantMachinery 2023-12-31 11664744 core:OtherRelatedParties 2023-12-31 11664744 bus:SmallEntities 2023-01-01 2023-12-31 11664744 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 11664744 bus:FilletedAccounts 2023-01-01 2023-12-31 11664744 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 11664744 bus:RegisteredOffice 2023-01-01 2023-12-31 11664744 bus:CompanySecretaryDirector1 2023-01-01 2023-12-31 11664744 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 11664744 core:FurnitureFittings 2023-01-01 2023-12-31 11664744 core:LandBuildings 2023-01-01 2023-12-31 11664744 core:LandBuildings core:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 11664744 core:OfficeEquipment 2023-01-01 2023-12-31 11664744 core:PlantMachinery 2023-01-01 2023-12-31 11664744 core:OtherRelatedParties 2023-01-01 2023-12-31 11664744 1 2023-01-01 2023-12-31 11664744 countries:England 2023-01-01 2023-12-31 11664744 2022-12-31 11664744 core:FurnitureFittings 2022-12-31 11664744 core:LandBuildings core:OwnedOrFreeholdAssets 2022-12-31 11664744 core:PlantMachinery 2022-12-31 11664744 core:OtherRelatedParties 2022-12-31 11664744 2022-01-01 2022-12-31 11664744 2022-12-31 11664744 core:CurrentFinancialInstruments 2022-12-31 11664744 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 11664744 core:FurnitureFittings 2022-12-31 11664744 core:LandBuildings core:OwnedOrFreeholdAssets 2022-12-31 11664744 core:PlantMachinery 2022-12-31 11664744 core:OtherRelatedParties 2022-12-31 11664744 core:OtherRelatedParties 2022-01-01 2022-12-31 11664744 2021-12-31 11664744 core:OtherRelatedParties 2021-12-31 iso4217:GBP xbrli:pure

Registration number: 11664744

BL Operations Limited
Annual Report and
Unaudited Financial Statements

31 December 2023

 

BL Operations Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 8

 

BL Operations Limited

Balance Sheet
31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

2,274,617

2,433,255

Current assets

 

Debtors

5

146,613

129,650

Cash at bank and in hand

 

612,719

692,294

 

759,332

821,944

Creditors: Amounts falling due within one year

6

(3,062,027)

(3,491,515)

Net current liabilities

 

(2,302,695)

(2,669,571)

Total assets less current liabilities

 

(28,078)

(236,316)

Provisions for liabilities

(176,913)

(176,913)

Net liabilities

 

(204,991)

(413,229)

Capital and reserves

 

Called up share capital

1

1

Retained earnings

(204,992)

(413,230)

Shareholders' deficit

 

(204,991)

(413,229)

 

BL Operations Limited

Balance Sheet
31 December 2023

For the financial year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the Directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 16 September 2024 and signed on its behalf by:
 

.........................................
Mrs P C Holt
Company secretary and director

Company Registration Number: 11664744

 

BL Operations Limited

Notes to the Unaudited Financial Statements
Year Ended 31 December 2023

1

General information

The Company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Europa House
Barcroft Street
Bury
Lancashire
BL9 5BT
England

The principal place of business is:
Europa House
Barcroft Street
Bury
Lancashire
BL9 5BT
England

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis. BL Operations Limited is supported by a co-member of a group; Haircloth Weaving and Finishing Limited.

 

BL Operations Limited

Notes to the Unaudited Financial Statements
Year Ended 31 December 2023

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the Company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The Company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the Company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Land & Buildings

2% Straight Line Freehold Property & 10% Straight Line Other

Plant & Machinery

10% Straight Line

Fixtures & Fittings

10% Straight Line

Office Equipment

10% Straight Line

 

BL Operations Limited

Notes to the Unaudited Financial Statements
Year Ended 31 December 2023

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the Company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the Company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the Company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the Company (including Directors) during the year, was 10 (2022 - 10).

 

BL Operations Limited

Notes to the Unaudited Financial Statements
Year Ended 31 December 2023

4

Tangible assets

Land and buildings
£

Fixtures and fittings
£

Plant and machinery
£

Total
£

Cost or valuation

At 1 January 2023

2,124,966

422,817

359,230

2,907,013

Additions

-

5,362

1,840

7,202

At 31 December 2023

2,124,966

428,179

361,070

2,914,215

Depreciation

At 1 January 2023

252,609

108,183

112,966

473,758

Charge for the year

86,930

42,880

36,030

165,840

At 31 December 2023

339,539

151,063

148,996

639,598

Carrying amount

At 31 December 2023

1,785,427

277,116

212,074

2,274,617

At 31 December 2022

1,872,357

314,634

246,264

2,433,255

Included within the net book value of land and buildings above is £1,785,427 (2022 - £1,872,357) in respect of freehold land and buildings.
Fixtures and Fittings includes the cost of the internet system.

 

BL Operations Limited

Notes to the Unaudited Financial Statements
Year Ended 31 December 2023

5

Debtors

Current

2023
£

2022
£

Trade debtors

123,143

108,554

Prepayments

23,470

21,096

 

146,613

129,650

6

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Trade creditors

 

13,881

24,540

Amounts owed to Group undertakings and undertakings in which the Company has a participating interest

7

2,650,848

3,109,992

Taxation and social security

 

155,923

136,169

Accruals and deferred income

 

37,425

28,806

Other creditors

 

203,950

192,008

 

3,062,027

3,491,515

 

BL Operations Limited

Notes to the Unaudited Financial Statements
Year Ended 31 December 2023

7

Related party transactions

Loans from related parties

2023

Other related parties
£

Total
£

At start of period

3,109,992

3,109,992

Repaid

(459,144)

(459,144)

At end of period

2,650,848

2,650,848

2022

Other related parties
£

Total
£

At start of period

3,009,856

3,009,856

Advanced

100,136

100,136

At end of period

3,109,992

3,109,992

Terms of loans from related parties

BL Operations has borrowed £2,650,848 from a co-member of a group, Haircloth Weaving and Finishing Limited (2022 - £3,109,992). The loan is interest free.

8

Parent and ultimate parent undertaking

The Company's immediate parent is HWL Holdings Limited, incorporated in England.