Caseware UK (AP4) 2023.0.135 2023.0.135 32023-01-01falseNo description of principal activity3falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. NI663830 2023-01-01 2023-12-31 NI663830 2022-01-01 2022-12-31 NI663830 2023-12-31 NI663830 2022-12-31 NI663830 c:Director1 2023-01-01 2023-12-31 NI663830 d:Buildings 2023-01-01 2023-12-31 NI663830 d:Buildings 2023-12-31 NI663830 d:Buildings 2022-12-31 NI663830 d:Buildings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 NI663830 d:MotorVehicles 2023-01-01 2023-12-31 NI663830 d:MotorVehicles 2023-12-31 NI663830 d:MotorVehicles 2022-12-31 NI663830 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 NI663830 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 NI663830 d:CurrentFinancialInstruments 2023-12-31 NI663830 d:CurrentFinancialInstruments 2022-12-31 NI663830 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 NI663830 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 NI663830 d:ShareCapital 2023-12-31 NI663830 d:ShareCapital 2022-12-31 NI663830 d:CapitalRedemptionReserve 2023-12-31 NI663830 d:CapitalRedemptionReserve 2022-12-31 NI663830 d:RetainedEarningsAccumulatedLosses 2023-12-31 NI663830 d:RetainedEarningsAccumulatedLosses 2022-12-31 NI663830 d:AcceleratedTaxDepreciationDeferredTax 2023-12-31 NI663830 d:AcceleratedTaxDepreciationDeferredTax 2022-12-31 NI663830 c:OrdinaryShareClass1 2023-01-01 2023-12-31 NI663830 c:OrdinaryShareClass1 2023-12-31 NI663830 c:OrdinaryShareClass1 2022-12-31 NI663830 c:OrdinaryShareClass2 2023-01-01 2023-12-31 NI663830 c:OrdinaryShareClass2 2023-12-31 NI663830 c:OrdinaryShareClass2 2022-12-31 NI663830 c:OrdinaryShareClass3 2023-01-01 2023-12-31 NI663830 c:OrdinaryShareClass3 2023-12-31 NI663830 c:OrdinaryShareClass3 2022-12-31 NI663830 c:OrdinaryShareClass4 2023-01-01 2023-12-31 NI663830 c:OrdinaryShareClass4 2022-12-31 NI663830 c:OrdinaryShareClass5 2023-01-01 2023-12-31 NI663830 c:OrdinaryShareClass5 2023-12-31 NI663830 c:OrdinaryShareClass5 2022-12-31 NI663830 c:FRS102 2023-01-01 2023-12-31 NI663830 c:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 NI663830 c:FullAccounts 2023-01-01 2023-12-31 NI663830 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 NI663830 2 2023-01-01 2023-12-31 NI663830 6 2023-01-01 2023-12-31 NI663830 e:PoundSterling 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: NI663830










B.L. Group Limited








Unaudited

Financial statements

Information for filing with the registrar

For the Year Ended 31 December 2023

 
B.L. Group Limited
 
  
Chartered Accountants' Report to the Board of Directors on the Unaudited Statutory Financial Statements of B.L. Group Limited for the Year Ended 31 December 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of B.L. Group Limited for the year ended 31 December 2023 which comprise  the Balance Sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

This report is made to the Board of Directors of B.L. Group Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken so that we might compile the financial statements of B.L. Group Limited that we have been engaged to compile, report to the Company's Board of Directors that we have done so and state those matters that we have agreed to state to the Board of Directors of B.L. Group Limited, as a body, in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than B.L. Group Limited and its Board of Directors, as a body, for our work or for this report. 

We have carried out this engagement in accordance with technical guidance issued by the Institute of Chartered Accountants in Ireland and have complied with the ethical guidance laid down by the Institute relating to members undertaking the compilation of financial statements.

You have acknowledged on the Balance Sheet as at 31 December 2023 your duty to ensure that B.L. Group Limited has kept adequate accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006 of B.L. Group Limited. You consider that B.L. Group Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit of the financial statements of B.L. Group Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.

  



ASM (B) Ltd
 
4th Floor
Glendinning House
6 Murray Street
Belfast
BT1 6DN
12 April 2024
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B.L. Group Limited
Registered number: NI663830

Balance Sheet
As at 31 December 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 5 
348,601
344,869

Investments
 6 
2,131,826
1,982,255

  
2,480,427
2,327,124

Current assets
  

Debtors: amounts falling due within one year
 7 
134
-

Cash at bank and in hand
 8 
903,383
747,696

  
903,517
747,696

Creditors: amounts falling due within one year
 9 
(187,880)
(143,197)

Net current assets
  
 
 
715,637
 
 
604,499

Total assets less current liabilities
  
3,196,064
2,931,623

Provisions for liabilities
  

Deferred tax
 10 
(108)
(1,826)

  
 
 
(108)
 
 
(1,826)

Net assets
  
3,195,956
2,929,797


Capital and reserves
  

Called up share capital 
 11 
5,016
6,263

Capital redemption reserve
  
1,247
-

Profit and loss account
  
3,189,693
2,923,534

  
3,195,956
2,929,797


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B.L. Group Limited
Registered number: NI663830

Balance Sheet (continued)
As at 31 December 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 12 April 2024.




David Bailie 
Director

The notes on pages 4 to 10 form part of these financial statements.

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B.L. Group Limited
 

 
Notes to the Financial Statements
For the Year Ended 31 December 2023

1.


General information

B.L. Group Limited is a private company limited by shares incorporated in Northern Ireland. The registration number and address of the registered office are given in the company information section of these financial statements. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Exemption from preparing consolidated financial statements

The Company, and the Group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and Group are considered eligible for the exemption to prepare consolidated accounts.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

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B.L. Group Limited
 

 
Notes to the Financial Statements
For the Year Ended 31 December 2023

2.Accounting policies (continued)

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.6

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

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B.L. Group Limited
 

 
Notes to the Financial Statements
For the Year Ended 31 December 2023

2.Accounting policies (continued)


2.7
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Freehold property
-
2%
Motor vehicles
-
25%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of Comprehensive Income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

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B.L. Group Limited
 

 
Notes to the Financial Statements
For the Year Ended 31 December 2023

2.Accounting policies (continued)

 
2.12

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.13

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

 
2.14

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Going concern

The Directors of B.L. Group Limited have reviewed the resources available and believe that the company has adequate resources to continue in operational existence for the forseeable future.
Accordingly, B.L. Group Limited continues to adopt the going concern basis in preparing the financial statements.


4.


Employees

The average monthly number of employees, including directors, during the year was 3 (2022 - 3).

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B.L. Group Limited
 

 
Notes to the Financial Statements
For the Year Ended 31 December 2023

5.


Tangible fixed assets





Freehold property
Motor vehicles
Total

£
£
£



Cost or valuation


At 1 January 2023
297,151
75,300
372,451


Additions
-
38,000
38,000



At 31 December 2023

297,151
113,300
410,451



Depreciation


At 1 January 2023
-
27,582
27,582


Charge for the year on owned assets
5,943
28,325
34,268



At 31 December 2023

5,943
55,907
61,850



Net book value



At 31 December 2023
291,208
57,393
348,601



At 31 December 2022
297,151
47,718
344,869


6.


Fixed asset investments





Investments in subsidiary companies
Listed investments
Total

£
£
£



Cost or valuation


At 1 January 2023
6,263
1,975,992
1,982,255


Revaluations
-
149,571
149,571



At 31 December 2023
6,263
2,125,563
2,131,826




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B.L. Group Limited
 

 
Notes to the Financial Statements
For the Year Ended 31 December 2023

7.


Debtors

2023
2022
£
£


Other debtors
134
-

134
-



8.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
903,383
747,696

903,383
747,696



9.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
-
1,800

Amounts owed to group undertakings
97,151
22,151

Corporation tax
59,291
57,421

Other taxation and social security
24,967
24,817

Other creditors
6,471
37,008

187,880
143,197



10.


Deferred taxation




2023


£






At beginning of year
(1,826)


Charged to profit or loss
1,718



At end of year
(108)

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B.L. Group Limited
 

 
Notes to the Financial Statements
For the Year Ended 31 December 2023
 
10.Deferred taxation (continued)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
(108)
(1,826)

(108)
(1,826)


11.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



1,691 (2022 - 2,041) A Ordinary shares of £1.00 each
1,691
2,041
1,252 (2022 - 1,602) B Ordinary shares of £1.00 each
1,252
1,602
1,248 (2022 - 1,248) C Ordinary shares of £1.00 each
1,248
1,248
Nil (2022 - 1,247) D Ordinary shares of £1.00 each
-
1,247
825 (2022 - 125) E Ordinary shares of £1.00 each
825
125

5,016

6,263



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