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Registration number: 14663185

Bluefield Renewable Developments Europe Limited

Filleted Financial Statements

for the Period from 14 February 2023 to 31 March 2024

Pages for filing with Registrar

 

Bluefield Renewable Developments Europe Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3 to 6

 

Bluefield Renewable Developments Europe Limited

Company Information

Directors

G Terranova

J G Selwyn

J R Armstrong

Registered office

1st Floor
25 King Street
Bristol
BS1 4PB

Registered number

14663185

Accountants

Corrigan Accountants Limited First Floor
25 King Street
Bristol
BS1 4PB

Auditors

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

 

Bluefield Renewable Developments Europe Limited

(Registration number: 14663185)
Balance Sheet as at 31 March 2024

Note

2024
£

Fixed assets

 

Investments

4

7,272

Current assets

 

Debtors

5

8,529

Cash at bank and in hand

 

145

 

8,674

Creditors: Amounts falling due within one year

6

(36,663)

Net current liabilities

 

(27,989)

Net liabilities

 

(20,717)

Capital and reserves

 

Called up share capital

7

1

Profit and loss account

(20,718)

Total equity

 

(20,717)

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. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

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

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

J G Selwyn
Director

 

Bluefield Renewable Developments Europe Limited

Notes to the Financial Statements for the Period from 14 February 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 £.

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. The company is reliant on the ongoing support of the parent company to be able to meet liabilities as they fall due. The directors of the company have received confirmation from the parent company that the parent will continue its support for a period no shorter than twelve months from the date of approval of these financial statements. Accordingly, these financial statements have been prepared on a going concern basis.

 

Bluefield Renewable Developments Europe Limited

Notes to the Financial Statements for the Period from 14 February 2023 to 31 March 2024

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rates prevailing on the initial transaction dates.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Investments

Investments are recognised initially at cost and subsequently are measured at cost less any accumulated impairment losses.

Cash and cash equivalents

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

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.

3

Staff numbers

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

4

Investments

2024
£

Investment

7,272

As at 31 March 2024 the company held an effective interest of 6.9% of the issued share capital of Bluefield Storage Developments S.r.l, a company registered in Italy.

 

Bluefield Renewable Developments Europe Limited

Notes to the Financial Statements for the Period from 14 February 2023 to 31 March 2024

5

Debtors: amounts falling due within one year

2024
£

Amounts owed by associates

8,528

Amounts owed by group undertakings

1

8,529

6

Creditors

2024
£

Amounts falling due within one year

Amounts owed to group undertakings

31,543

Accruals

5,120

36,663

7

Share capital

Allotted, called up and unpaid shares

 

2024

 

No.

£

Ordinary of £1 each

1

1

     

8

Parent and ultimate parent undertakings

The company's immediate parent is Bluefield Renewable Developments 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 (same registered office as the immediate parent).

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

 

Bluefield Renewable Developments Europe Limited

Notes to the Financial Statements for the Period from 14 February 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.