Caseware UK (AP4) 2023.0.135 2023.0.135 12023-05-01falseNo description of principal activity1truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 11677051 2023-05-01 2024-04-30 11677051 2022-05-01 2023-04-30 11677051 2024-04-30 11677051 2023-04-30 11677051 c:Director1 2023-05-01 2024-04-30 11677051 d:FreeholdInvestmentProperty 2024-04-30 11677051 d:FreeholdInvestmentProperty 2023-04-30 11677051 d:CurrentFinancialInstruments 2024-04-30 11677051 d:CurrentFinancialInstruments 2023-04-30 11677051 d:Non-currentFinancialInstruments 2024-04-30 11677051 d:Non-currentFinancialInstruments 2023-04-30 11677051 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 11677051 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 11677051 d:Non-currentFinancialInstruments d:AfterOneYear 2024-04-30 11677051 d:Non-currentFinancialInstruments d:AfterOneYear 2023-04-30 11677051 d:ShareCapital 2024-04-30 11677051 d:ShareCapital 2023-04-30 11677051 d:RetainedEarningsAccumulatedLosses 2024-04-30 11677051 d:RetainedEarningsAccumulatedLosses 2023-04-30 11677051 c:OrdinaryShareClass1 2023-05-01 2024-04-30 11677051 c:OrdinaryShareClass1 2024-04-30 11677051 c:OrdinaryShareClass1 2023-04-30 11677051 c:FRS102 2023-05-01 2024-04-30 11677051 c:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 11677051 c:FullAccounts 2023-05-01 2024-04-30 11677051 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 11677051 2 2023-05-01 2024-04-30 11677051 e:PoundSterling 2023-05-01 2024-04-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 11677051










Blaise Renewables Limited








Unaudited

Financial statements

Information for filing with the registrar

For the year ended 30 April 2024

 
Blaise Renewables Limited
 
  
Chartered accountants' report to the director on the preparation of the unaudited statutory financial statements of Blaise Renewables Limited for the year ended 30 April 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Blaise Renewables Limited for the year ended 30 April 2024 which comprise the Balance sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the director of Blaise Renewables Limited in accordance with the terms of our engagement letter dated 10 January 2025Our work has been undertaken solely to prepare for your approval the financial statements of Blaise Renewables Limited and state those matters that we have agreed to state to the director of Blaise Renewables Limited in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Blaise Renewables Limited and its director for our work or for this report. 

It is your duty to ensure that Blaise Renewables Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Blaise Renewables Limited. You consider that Blaise Renewables Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Blaise Renewables 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 statutory financial statements.

  



Kreston Reeves LLP
 
Chartered Accountants
  
Canterbury
27 January 2025
Page 1

 
Blaise Renewables Limited
Registered number: 11677051

Balance sheet
As at 30 April 2024

2024
2023
Note
£
£

Fixed assets
  

Investment property
 4 
1,571,083
1,571,083

Current assets
  

Debtors: amounts falling due within one year
 5 
869,585
525,491

Cash at bank and in hand
  
342,852
217,833

  
1,212,437
743,324

Creditors: amounts falling due within one year
 6 
(1,067,338)
(638,744)

Net current assets
  
 
 
145,099
 
 
104,580

Total assets less current liabilities
  
1,716,182
1,675,663

Creditors: amounts falling due after more than one year
 7 
(1,400,000)
(1,400,000)

  

Net assets
  
316,182
275,663


Capital and reserves
  

Called up share capital 
 8 
100
100

Profit and loss account
  
316,082
275,563

  
316,182
275,663


The director considers 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 director acknowledges his 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 income and retained earnings 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 27 January 2025.



T L Heathcote
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
Blaise Renewables Limited
 

 
Notes to the financial statements
For the year ended 30 April 2024

1.


General information

Blaise Renewables Limited is a private company limited by shares and is incorporated in England and Wales with the registration number 11677051. The address of the registered office is Stanford Bridge Farm, Station Road, Pluckley, Ashford, Kent, TN27 0RU. 

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The company's financial statements are presented to the nearest pound.

The following principal accounting policies have been applied:

 
2.2

Going concern

After making enquiries, the director has a reasonable expectation that the company will have adequate resources to continue in operational existence for the foreseeable future.

 
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

Operating leases: the Company as lessor

Rental income from operating leases is credited to profit or loss on a straight-line basis over the lease term.

 
2.5

Interest income

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

 
2.6

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 3

 
Blaise Renewables Limited
 

 
Notes to the financial statements
For the year ended 30 April 2024

2.Accounting policies (continued)

 
2.7

Taxation

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.


 
2.8

Investment property

Investment property is carried at fair value determined annually by the Directors of the company and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
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.

 
2.12

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, 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.
Page 4

 
Blaise Renewables Limited
 

 
Notes to the financial statements
For the year ended 30 April 2024

2.Accounting policies (continued)


2.12
Financial instruments (continued)


Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

Impairment of financial assets

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 profit or loss. 

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.
 
Page 5

 
Blaise Renewables Limited
 

 
Notes to the financial statements
For the year ended 30 April 2024

2.Accounting policies (continued)


2.12
Financial instruments (continued)


Derecognition of financial instruments

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).


4.


Investment property


Freehold investment property

£



Valuation


At 1 May 2023
1,571,083



At 30 April 2024
1,571,083

The 2024 valuations were made by the director, on an open market value for existing use basis.




Page 6

 
Blaise Renewables Limited
 

 
Notes to the financial statements
For the year ended 30 April 2024

5.


Debtors

2024
2023
£
£


Trade debtors
704,865
451,158

Other debtors
1,469
13,854

Prepayments and accrued income
163,251
60,479

869,585
525,491



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
933,023
514,851

Corporation tax
9,509
-

Accruals and deferred income
124,806
123,893

1,067,338
638,744



7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Amounts owed to group undertakings
1,400,000
1,400,000


All creditors are repayable within 5 years of the balance sheet date.

Page 7

 
Blaise Renewables Limited
 

 
Notes to the financial statements
For the year ended 30 April 2024

8.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) Ordinary shares of £1.00 each
100
100



9.


Related party transactions

All related party transactions by the company during the year were done so under normal market conditions.


10.


Controlling party

The ultimate controlling party is T L Heathcote who is director by virtue of his 100% shareholding.


Page 8