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Registered number: 14939690









BLAZEHILL STRATEGIC INVESTMENTS LIMITED









FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 MARCH 2024

 
BLAZEHILL STRATEGIC INVESTMENTS LIMITED
REGISTERED NUMBER: 14939690

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
Note
£

  

Current assets
  

Debtors: amounts falling due after more than one year
 4 
12,222,641

Debtors: amounts falling due within one year
 4 
9,578,459

Cash at bank and in hand
  
919,753

  
22,720,853

Creditors: amounts falling due within one year
 5 
(2,904,067)

Net current assets
  
 
 
19,816,786

Total assets less current liabilities
  
19,816,786

Creditors: amounts falling due after more than one year
 6 
(19,637,367)

  

Net assets
  
179,419


Capital and reserves
  

Called up share capital 
 8 
1

Profit and loss account
  
179,418

Shareholders' funds
  
179,419


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 by: 




T A Weedall
Director

Date: 1 August 2024

The notes on pages 3 to 6 form part of these financial statements.

Page 1

 
BLAZEHILL STRATEGIC INVESTMENTS LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED 31 MARCH 2024


Called up share capital
Profit and loss account
Total equity

£
£
£


Comprehensive income for the period

Profit for the period
-
179,418
179,418
Total comprehensive income for the period
-
179,418
179,418


Contributions by and distributions to owners

Shares issued during the period
1
-
1


Total transactions with owners
1
-
1


At 31 March 2024
1
179,418
179,419

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
BLAZEHILL STRATEGIC INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

1.


General information

Blazehill Strategic Investments Limited is a private company, limited by shares, registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
The principal activity of the company is that of providing loans to mid-market businesses.

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

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.

Revenue in respect of interest income, arrangement and exit fees are recognised over the period to which they relate

 
2.3

Borrowing costs

All borrowing costs are recognised in profit or loss in the period in which they are incurred.

 
2.4

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.

Page 3

 
BLAZEHILL STRATEGIC INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.5

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 and loans to related parties.

(i) Financial assets
Basic financial assets, including trade and other debtors, are initially recognised at transaction price,unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.
Such assets are subsequently carried at amortised cost using the effective interest method. At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in the Statement of Comprehensive Income.
(ii) Financial liabilities
Basic financial liabilities, including trade and other creditors and amounts owed to group undertaking,
 re initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.
Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.
(iii) Offsetting
Financial assets and liabilities are offset and the net amounts presented in the financial statementswhen there is a legally enforceable right to set off the recognised amounts and there is an intention tosettle on a net basis or to realise the asset and settle the liability simultaneously.


3.


Employees

The average monthly number of employees, including directors, during the period was 3.

Page 4

 
BLAZEHILL STRATEGIC INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

4.


Debtors

2024
£

Due after more than one year

Other debtors
11,300,000

Prepayments and accrued income
922,641

12,222,641


2024
£

Due within one year

Amounts owed by group undertakings
1

Other debtors
9,202,777

Prepayments and accrued income
375,681

9,578,459



5.


Creditors: Amounts falling due within one year

2024
£

Amounts owed to group undertakings
1,803,921

Accruals and deferred income
1,100,146

2,904,067



6.


Creditors: Amounts falling due after more than one year

2024
£

Other loans
19,594,992

Accruals and deferred income
42,375

19,637,367


The Company secured a credit facility with Special GBP Funding Opportunities | S.A.R.L. which contained fixed and floating charges over all property or undertaking of the Company.

Page 5

 
BLAZEHILL STRATEGIC INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

7.


Loans


Analysis of the maturity of loans is given below:


2024
£



Amounts falling due 2-5 years

Other loans
19,594,992

19,594,992



The Company secured a credit facility with Special GBP Funding Opportunities | S.A.R.L. which contained fixed and floating charges over all property or undertaking of the Company.


8.


Share capital

2024
£
Allotted, called up and fully paid


10,000 ordinary shares of £0.0001 each
1


During the period, 10,000 ordinary shares of £0.0001 each were issued at par.


9.


Related party transactions

The Company has taken advantage of the exemption conferred by section 33.1A of FRS 102 from the requirement to disclose transactions with other wholly owned group undertakings.


10.


Controlling party

The parent undertaking is Blazehill Capital Limited, a company incorporated in England and Wales.
Blazehill Capital Limited prepares group financial statements and copies can be obtained from the registered office at 4th Floor, 24 Old Bond Street, London W1S 4AW.


11.


Auditors' information

The auditors' report on the financial statements for the period ended 31 March 2024 was unqualified.

The audit report was signed on 1 August 2024 by Nick Bishop FCA (Senior Statutory Auditor) on behalf of BKL Audit LLP.

 
Page 6