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REGISTERED NUMBER: 08754417 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 October 2024

for

Blaithwaite Limited

Blaithwaite Limited (Registered number: 08754417)






Contents of the Financial Statements
for the Year Ended 30 October 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Blaithwaite Limited

Company Information
for the Year Ended 30 October 2024







DIRECTORS: M R C Donald
Mrs K M Glen-Donald





REGISTERED OFFICE: Blaithwaite House
Waverton
Wigton
Cumbria
CA7 0AZ





REGISTERED NUMBER: 08754417 (England and Wales)





ACCOUNTANTS: CMCA Accounting
25A Buccleuch Street
Dumfries
Dumfries & Galloway
DG1 2AT

Blaithwaite Limited (Registered number: 08754417)

Balance Sheet
30 October 2024

30.10.23 30.10.24
£    £    Notes £    £   
FIXED ASSETS
1,506,790 Tangible assets 4 1,484,895

CURRENT ASSETS
1,894 Stocks 598
111,163 Debtors 5 107,487
945 Cash in hand 57
114,002 108,142
CREDITORS
379,300 Amounts falling due within one year 6 389,351
(265,298 ) NET CURRENT LIABILITIES (281,209 )
1,241,492 TOTAL ASSETS LESS CURRENT
LIABILITIES

1,203,686

CREDITORS
906,017 Amounts falling due after more than one
year

7

872,831
335,475 NET ASSETS 330,855

CAPITAL AND RESERVES
20 Called up share capital 20
595,220 Revaluation reserve 8 595,220
(259,765 ) Retained earnings (264,385 )
335,475 330,855

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 October 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Blaithwaite Limited (Registered number: 08754417)

Balance Sheet - continued
30 October 2024


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 March 2025 and were signed on its behalf by:




M R C Donald - Director



Mrs K M Glen-Donald - Director


Blaithwaite Limited (Registered number: 08754417)

Notes to the Financial Statements
for the Year Ended 30 October 2024

1. STATUTORY INFORMATION

Blaithwaite 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost, 25% on reducing balance, 20% on reducing balance, 5% on cost and No charge

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

Property improvements are stated at fair value under the revaluation method.

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

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Blaithwaite Limited (Registered number: 08754417)

Notes to the Financial Statements - continued
for the Year Ended 30 October 2024

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2023 - 32 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 31 October 2023 1,733,959
Additions 1,555
At 30 October 2024 1,735,514
DEPRECIATION
At 31 October 2023 227,169
Charge for year 23,450
At 30 October 2024 250,619
NET BOOK VALUE
At 30 October 2024 1,484,895
At 30 October 2023 1,506,790

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.10.24 30.10.23
£    £   
Trade debtors 16,045 15,934
Other debtors 91,442 95,229
107,487 111,163

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.10.24 30.10.23
£    £   
Bank loans and overdrafts 75,436 122,908
Hire purchase contracts 15,910 15,910
Trade creditors 29,214 12,195
Taxation and social security 31,161 38,568
Other creditors 237,630 189,719
389,351 379,300

Blaithwaite Limited (Registered number: 08754417)

Notes to the Financial Statements - continued
for the Year Ended 30 October 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.10.24 30.10.23
£    £   
Bank loans 707,412 724,689
Hire purchase contracts 23,219 39,128
Other creditors 142,200 142,200
872,831 906,017

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 690,857 708,022

8. RESERVES
Revaluation
reserve
£   
At 31 October 2023
and 30 October 2024 595,220