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Registered number: 14939690
BLAZEHILL STRATEGIC INVESTMENTS LIMITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 MARCH 2025
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BLAZEHILL STRATEGIC INVESTMENTS LIMITED
REGISTERED NUMBER: 14939690
STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2025
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Debtors: amounts falling due after more than one year
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Debtors: amounts falling due within one year
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Creditors: amounts falling due within one year
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Total assets less current liabilities
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Creditors: amounts falling due after more than one year
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BLAZEHILL STRATEGIC INVESTMENTS LIMITED
REGISTERED NUMBER: 14939690
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2025
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:
The notes on pages 3 to 8 form part of these financial statements.
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BLAZEHILL STRATEGIC INVESTMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Blazehill Strategic Investment Limited is a private company limited by shares and registered in England and Wales.
The company's registered office address is 4th Floor 24 Old Bond Street, Mayfair, London, United Kingdom, W1S 4AW
The principal activity of the company is that of providing loans to mid-market businesses.
2.Accounting policies
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Basis of preparation of financial statements
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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:
The company made a loss in the year ended 31 March 2025 of £8,267,380 (31 March 2024: profit of £179,418) due to a one off expense of £8,879,439 which is a provision against debtor balances. At the statement of financial position date, the company had net current assets amounting to £2,289,943 (31 March 2024: £19,816,786) and a deficit in shareholders' funds amounting to £8,087,961 (31 March 2024: £179,419 surplus). The position of the company indicates conditions that may cast doubt on the company's ability to continue as a going concern as there is a risk that the company may not have the resources to meet its liabilities as they fall due.
The other loans totalling £10,377,904 shown within creditors due in greater than one year are due for repayment in June 2027. Also included within creditors due within one year are amounts totalling £11,637,017 due from group companies. There is an undertaking from the company's ultimate parent, Blazehill Capital Limited to provide ongoing financial support. In the directors' opinion, this enables the company to meet its obligations as they fall due. Due to this, the financial statements have been prepared on a going concern basis. The parent entities will not seek nor demand immediate repayment from the company of any funds provided to enable the company to meet its obligations.
Therefore, taking the above into consideration, at the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting inpreparing the financial statements.
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 measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Revenue in respect of interest income, arrangement and exit fees are recognised over the period to which the relate.
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BLAZEHILL STRATEGIC INVESTMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
2.Accounting policies (continued)
Interest income is recognised in profit or loss using the effective interest method.
All borrowing costs are recognised in profit or loss in the year in which they are incurred.
Exceptional items are transactions that fall within the ordinary activities of the Company but are presented separately due to their size or incidence.
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Cash and cash equivalents
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Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
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BLAZEHILL STRATEGIC INVESTMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
2.Accounting policies (continued)
The Company only enters into basic financial instruments and transactions that result in the recognition of financial assets and liabilities like other debtors and creditors, loans from banks and other third parties and loans to and from related parties.
(i) Financial assets
Basic financial assets, including fixed asset investment, trade and other debtors, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.
Such assets are subsequently carried at amortised cost using the effective interest method.
At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in the Statement of Income and Retained Earnings.
Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party, or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.
(ii) Financial liabilities
Basic financial liabilities, including trade and other creditors and accruals, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.
(iii) Offsetting
Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
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BLAZEHILL STRATEGIC INVESTMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
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The average monthly number of employees, including directors, during the year was 3 (2024 - 3).
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Due after more than one year
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Prepayments and accrued income
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Amounts owed by group undertakings
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Prepayments and accrued income
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Amounts owed by group undertakings are unsecured, repayable on demand and are interest-free.
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Creditors: Amounts falling due within one year
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Amounts owed to group undertakings
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Accruals and deferred income
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Amounts owed to group undertakings are unsecured, repayable on demand and are interest-free.
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BLAZEHILL STRATEGIC INVESTMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
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Creditors: Amounts falling due after more than one year
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Accruals and deferred income
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Included in Other Loans is £9,293,059 that beared interest at 9.5% up to November 2024 and there after at 12% and is repayable in June 2027. The facility contains fixed and floating charges over all property or undertaking of the Company.
Included in Other Loans is £1,084,845 that bears interest at 12% and is repayable in June 2027. The facility contains fixed and floating charges over all property or undertaking of the Company.
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Analysis of the maturity of loans is given below:
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Amounts falling due 1-2 years
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The Company has a credit facility with Special GBP Funding Opportunities | S.A.R.L. which contains fixed and floating charges over all property or undertaking of the Company.
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BLAZEHILL STRATEGIC INVESTMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
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Allotted, called up and fully paid
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10,000 (2024 - 10,000) Ordinary shares shares of £0.0001 each
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Related party transactions
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The Company has taken advantage of the exemption conferred by section 33.1A of FRS 102 from the requirement to disclose transactions with other wholly owned group undertakings.
Included in Other debtors is an amount of £16,200,000 (2024: £16,200,000) receivable from an enity with a common director. Included in interest received is £1,911,011 (2024: £1,232,022) received from this entity.
Included in in Other loans is £1,084,845 (£2024: £15,687,171) payable to an affiliate company. Interest of £127,9234 (2024: £19,958) was paid to this entity during the year and interest of £52,405 (2024: £2,061) was payable to this entity at year end.
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The parent undertaking is Blazehill Capital Limited, a company incorporated in England and Wales.
Blazehill Capital Limited prepares group financial statements and copies can be obtained from the registered office at 4th Floor, 24 Old Bond Street, London W1S 4AW.
The auditors' report on the financial statements for the year ended 31 March 2025 was unqualified.
The audit report was signed on 3 June 2025 by Nick Bishop FCA (Senior statutory auditor) on behalf of BKL Audit LLP.
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