Bluefield Renewable Developments Europe Limited

Registration number: 14663185

Bluefield Renewable Developments Europe Limited

Filleted Financial Statements

for the Year Ended 31 March 2025

Pages for filing with Registrar

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

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 2025

	Note	2025 £	2024 £
Fixed assets
Investments	4	67,792	7,272
Current assets
Debtors	5	11,510	8,529
Cash at bank and in hand		2,181	145
		13,691	8,674
Creditors: Amounts falling due within one year	6	(114,504)	(36,663)
Net current liabilities		(100,813)	(27,989)
Net liabilities		(33,021)	(20,717)
Capital and reserves
Called up share capital	7	1	1
Profit and loss account		(33,022)	(20,718)
Total equity		(33,021)	(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 22 December 2025 and signed on its behalf by:

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

J G Selwyn
Director

Bluefield Renewable Developments Europe Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

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. 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.

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.

Bluefield Renewable Developments Europe Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

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 year was nil (2024 - nil).

4	Investments

	2025 £	2024 £
Investment in associate	67,792	7,272

As at 31 March 2025 the company held an effective interest of 6.35% (2024: 6.9%) of the issued share capital of Bluefield Storage Developments S.r.l, a company registered in Italy.

5	Debtors: amounts falling due within one year

	2025 £	2024 £
Trade debtors	8,528	-
Amounts owed by associates	-	8,528
Amounts owed by group undertakings	2,086	1
VAT	896	-
	11,510	8,529

Bluefield Renewable Developments Europe Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

6

Creditors

2025
£

2024
£

Amounts falling due within one year

Amounts owed to group undertakings

102,127

31,543

Other creditors

199

-

Accruals

10,093

5,120

Amounts owed to related parties

2,085

-

114,504

36,663

7

Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary of £1 each	1	1	1	1

8	Related party transactions

The company has taken advantage of the exemption under FRS 102 Section 33 not to provide information on related party transactions with other wholly owned companies within the group headed by Bluefield Services Limited.

9	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 and largest 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.

10

Events after the reporting period

On 11 July 2025, the Company acquired 12% of the ordinary share capital in BSE Italia for total consideration of €24,000. The consideration comprised €1,200 for the equity investment with the remaining €22,800 forming a shareholder loan.

Bluefield Renewable Developments Europe Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

11	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 22 December 2025 was David Wright BSc FCA.
• The auditor was Corrigan Accountants Limited.

	2025 £	2024 £
Amounts falling due within one year
Amounts owed to group undertakings	102,127	31,543
Other creditors	199	-
Accruals	10,093	5,120
Amounts owed to related parties	2,085	-
	114,504	36,663