ACCOUNTS - Final Accounts preparation

Company registration number: 11265472

	UNAUDITED FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 31 DECEMBER 2024

	BLUE HERON RESEARCH PARTNERS (UK) LIMITED


BLUE HERON RESEARCH PARTNERS (UK) LIMITED

COMPANY INFORMATION

Director	D J Rynecki


Registered number	11265472


Registered office	344-354
	Gray's Inn Road
	London
	WC1X 8BP


Accountants	Menzies LLP
	Chartered Accountants
	4th Floor
	95 Gresham Street
	London
	EC2V 7AB


BLUE HERON RESEARCH PARTNERS (UK) LIMITED REGISTERED NUMBER:11265472

STATEMENT OF FINANCIAL POSITION

AS AT 31 DECEMBER 2024

		2024		2023
Note		£		£

Fixed assets
Tangible assets	4		272		2,816
			272		2,816
Current assets
Debtors: amounts falling due within one year	5	63,037		63,161
Cash at bank and in hand		2,826		10,234
		65,863		73,395
Creditors: amounts falling due within one year	6	(581,775)		(391,086)
Net current liabilities			(515,912)		(317,691)
Total assets less current liabilities			(515,640)		(314,875)

Net liabilities			(515,640)		(314,875)

Capital and reserves
Called up share capital	1,000	1,000
Profit and loss account	(516,640)	(315,875)
	(515,640)	(314,875)

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BLUE HERON RESEARCH PARTNERS (UK) LIMITED REGISTERED NUMBER:11265472

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 DECEMBER 2024

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 by:

D J Rynecki

Director

Date: 30 September 2025

The notes on pages 3 to 6 form part of these financial statements.

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BLUE HERON RESEARCH PARTNERS (UK) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1.	General information

Blue Heron Research Partners (UK) Limited is a private company limited by shares incorporated in England and Wales, company registration number 11265472. The address of the registered office and principal place of business is disclosed on the company information page.

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 following principal accounting policies have been applied:

2.2

Going concern

As at the year end, the company had net liabilities of £515,640 (2023: £314,875). The director has received assurances that the loan from the company under common control will not be recalled until the company is in a financial position to repay it, and that additional support will be provided as needed to enable the company to meet its liabilities as they fall due. On this basis, the director considers it appropriate to prepare the financial statements on a going concern basis.

2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

2.4

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 generated by providing staff and marketing services and is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

2.5

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

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BLUE HERON RESEARCH PARTNERS (UK) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.6

Interest income

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

2.7

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

2.8

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 reporting date in the countries where the Company operates and generates income.

2.9

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

				Office equipment	-	25%
				Computer equipment	-	33%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.10

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.

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BLUE HERON RESEARCH PARTNERS (UK) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Employees

The average monthly number of employees, including directors, during the year was 12 (2023 - 18).

4.	Tangible fixed assets

	Office equipment	Computer equipment	Total
	£	£	£
Cost or valuation
At 1 January 2024	240	21,459	21,699
At 31 December 2024	240	21,459	21,699
Depreciation
At 1 January 2024	108	18,775	18,883
Charge for the year on owned assets	33	2,511	2,544
At 31 December 2024	141	21,286	21,427
Net book value
At 31 December 2024	99	173	272

Debtors

					2024	2023
					£	£


Other debtors	52,891	52,299
Prepayments and accrued income	948	918
VAT recoverable	9,198	9,944
	63,037	63,161

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BLUE HERON RESEARCH PARTNERS (UK) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

6.	Creditors: Amounts falling due within one year
		2024	2023
		£	£

Trade creditors	11,647	5,367
Other taxation and social security	24,827	50,531
Other creditors	536,806	328,688
Accruals and deferred income	8,495	6,500
	581,775	391,086

7.	Related party transactions
	As at 31 December 2024, included within other creditors, there is an amount due to a company under common control totalling £533,661 (2023: £323,285). No interest has been charged in the year (2023: £Nil). During the year ended 31 December 2024 the company entered into transactions with a company under common control totalling £859,275 (2023: £1,064,943).

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