The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

BLG Mezzanine Co-Lending Ltd is a private company limited by shares incorporated in England and Wales.

The company’s registered office is:

11 Devonshire Gardens, London, United Kingdom, W4 3TN.

The company’s principal trading address is:

Rafters, Tannery Studios, Tannery Lane, Send Woking, Surrey, GU23 7EF

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

Turnover represents amounts receivable for services.

The company has three core sources of income and the accounting policies thereon are stated as follows:

a) Arrangement fees which are recognised in the period that they are due;

b) Interest income is contractually due on a monthly basis and as such is accrued in the accounts on this basis; and

c) Redemption fees are chargeable as a percentage of the final sale value of a property, subject to a minimum fee amount. This gives rise to two classes of redemption fee:

i) Contracted fees that is the minimum amounts chargeable under the loan contract; and

ii) Contingent fees amounting to an overage that is contingent on the underlying security properties selling for a given sum.

Contractual fees are spread across the life of the loan, with 80% of the contracted fee accounted for over the life of the facility and 20% reserved until the end of the project to allow for uncertainty. Contingent fees are only recognised at the end of the loan unless at any point they become contracted.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method 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. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities, including creditors are classified as debt, 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 payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable 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.

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

The average monthly number of persons (including directors) employed by the company during the year was:

At the year end, £Nil (2024: £47,591) was owed to Business Lending Fund Management. Mr S Parfitt, Mrs C Parfitt and Mr W Wade are all directors of the company.

The ultimate parent company is Heathside Partners LLP, a Limited Liability Partnership registered in England and Wales, which indirectly holds all the issued share capital of the immediate parent company, Business Lending Fund Management Ltd, a company registered in England and Wales.

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