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Registration number: 15041684

Bluefield Construction Management Limited

Filleted Financial Statements

for the Period from 1 August 2023 to 31 March 2024

Pages for filing with Registrar

 

Bluefield Construction Management Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3 to 8

 

Bluefield Construction Management Limited

Company Information

Directors

J R Armstrong

J G Selwyn

M W Eales

Registered office

1st Floor
25 King Street
Bristol
BS1 4PB

Registered number

15041684

Auditors

Corrigan Accountants Limited 1st Floor
25 King Street
Bristol
BS1 4PB

 

Bluefield Construction Management Limited

(Registration number: 15041684)
Balance Sheet as at 31 March 2024

Note

2024
£

Current assets

 

Debtors

4

69,947

Cash at bank and in hand

 

80,374

 

150,321

Creditors: Amounts falling due within one year

5

(96,673)

Net assets

 

53,648

Capital and reserves

 

Called up share capital

6

100

Profit and loss account

53,548

Total equity

 

53,648

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised for issue by the Board on 27 March 2025 and signed on its behalf by:
 

.........................................

M W Eales
Director

 

Bluefield Construction Management Limited

Notes to the Financial Statements for the Period from 1 August 2023 to 31 March 2024

1

Statutory information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
1st Floor
25 King Street
Bristol
BS1 4PB
United Kingdom

2

Accounting policies

Summary of significant accounting policies

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention.

The financial statements are prepared in pounds sterling which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

Going concern

The company’s financial statements have been prepared on a going concern basis on the grounds that current and future sources of funding or support will be more than adequate for the company’s needs. The directors have considered a period of twelve months from the date of the approval of the financial statements. Accordingly, these financial statements have been prepared on a going concern basis.

 

Bluefield Construction Management Limited

Notes to the Financial Statements for the Period from 1 August 2023 to 31 March 2024

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Revenue earned from construction management services is recognised as those services are performed as per the agreement in place with the respective development sites. There may be deferred or accrued income on the balance sheet depending on the revenue recognised and the level of cumulative billing as at the reporting date.

Tax

The tax expense represents the sum of the current tax expense and deferred tax expense. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits.

Trade debtors

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments.

 

Bluefield Construction Management Limited

Notes to the Financial Statements for the Period from 1 August 2023 to 31 March 2024

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Employee benefits
The costs of short-term employee benefits, including the cost of any unused holiday entitlement, are recognised as a liability and an expense in the period in which the employees' services are received.

3

Staff numbers

The average number of persons employed by the company during the period, was 3.

4

Debtors: amounts falling due within one year

Note

2024
£

Trade debtors

 

64,800

Amounts owed by group undertakings

7

5,147

 

69,947

 

Bluefield Construction Management Limited

Notes to the Financial Statements for the Period from 1 August 2023 to 31 March 2024

5

Creditors

2024
£

Amounts falling due within one year

Trade creditors

725

Taxation and social security

51,851

Accruals

26,247

Corporation tax

17,850

96,673

6

Share capital

Allotted, called up and fully paid shares

 

2024

 

No.

£

Ordinary of £1 each

100

100

     
 

Bluefield Construction Management Limited

Notes to the Financial Statements for the Period from 1 August 2023 to 31 March 2024

7

Related party transactions

Summary of transactions with parent

A director of Bluefield Construction Management Limited (who also has significant control of the company) is a member of the key management personnel of another entity. Therefore, subsidiaries of that other entity are considered related parties of the company.

Income and receivables from related parties

2024

Other related
parties
£

Sale of goods

227,223

Amounts receivable from related party

64,800

Summary of transactions with parent company

2024

Parent
company
£

Advanced

5,147

At end of period

5,147

8

Parent and ultimate parent undertaking

The company's immediate parent is Bluefield Services Limited, incorporated in England and Wales with registered office: 1st Floor, 25 King Street, Bristol. United Kingdom, BS1 4PB. Bluefield Services Limited is the parent undertaking of the smallest group within which the company belongs and for which group financial statements are prepared.

In the opinion of the directors, there is no ultimate controlling party.






 

Bluefield Construction Management Limited

Notes to the Financial Statements for the Period from 1 August 2023 to 31 March 2024

9

Audit report

As the profit and loss account has been omitted from the filing copy of the financial statements the following information is in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006.

The Independent Auditor's Report was unqualified.
The name of the Senior Statutory Auditor who signed the audit report on 27 March 2025 was Edward Corrigan BA BFP FCA.
• The auditor was Corrigan Accountants Limited.