Registered number
13973436
Blue Water Renewables Ltd
Filleted Accounts
31 March 2024
Blue Water Renewables Ltd
Registered number: 13973436
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Current assets
Debtors 3 - 99
Cash at bank and in hand 1 1
1 100
Creditors: amounts falling due within one year 4 (2,901) (2,127)
Net current liabilities (2,900) (2,027)
Net liabilities (2,900) (2,027)
Capital and reserves
Called up share capital 100 100
Profit and loss account (3,000) (2,127)
Shareholder's funds (2,900) (2,027)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
B. Margulies, Esq.
Director
Approved by the board on 19 March 2025
Blue Water Renewables Ltd
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts . Turnover includes revenue earned from the rendering of service, and is recognised by reference to the stage of completion of the contract, by comparing the costs incurred for work performed to date to the total estimated contract costs.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Debtors 2024 2023
£ £
Other debtors - 99
4 Creditors: amounts falling due within one year 2024 2023
£ £
Amounts due to related party 1,867 480
Director's current acc 260
Other creditors 1,034 1,387
2,901 2,127
Included in Other creditors is £421 (2023: £260 owing to the director. The loan is interest free and there is no fixed date of repayment. The director has confirmed that, although the loans are repayable on demand, they will only be repaid as and when cash flow permits.
5 Related party transactions 2024 2023
£ £
1,387 480
During the year, expenses were paid by Blue Water Systems Ltd, on behalf of the company amounting to £1387 (2023: £480)
Blue Water Systems Ltd
The director and shareholder of Blue Water Renewables Ltd is a director and 50% sharehiolder in Blue Water Systems Ltd.
2024 2023
£ £
Amount due from (to) the related party (1,867) (480)
6 Controlling party
The company is controlled by the director who owns the entire share capital of the company.
7 Other information
Blue Water Renewables Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Devonshire House
Manor Way
Borehamwood
WD6 1QQ
Blue Water Renewables Ltd 13973436 false 2023-04-01 2024-03-31 2024-03-31 VT Final Accounts July 2024 B. Margulies, Esq. No description of principal activity 13973436 2022-04-01 2023-03-31 13973436 core:WithinOneYear 2023-03-31 13973436 core:ShareCapital 2023-03-31 13973436 core:RetainedEarningsAccumulatedLosses 2023-03-31 13973436 2023-04-01 2024-03-31 13973436 bus:EntityNoLongerTradingButTradedInPast 2023-04-01 2024-03-31 13973436 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 13973436 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 13973436 bus:Director40 2023-04-01 2024-03-31 13973436 1 2023-04-01 2024-03-31 13973436 2 2023-04-01 2024-03-31 13973436 countries:England 2023-04-01 2024-03-31 13973436 bus:FRS102 2023-04-01 2024-03-31 13973436 bus:FilletedAccounts 2023-04-01 2024-03-31 13973436 2024-03-31 13973436 core:WithinOneYear 2024-03-31 13973436 core:ShareCapital 2024-03-31 13973436 core:RetainedEarningsAccumulatedLosses 2024-03-31 13973436 2023-03-31 iso4217:GBP xbrli:pure