ACCOUNTS - Final Accounts preparation

Registered number: SC648936

BLAZE HOLDCO LIMITED

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2025


BLAZE HOLDCO LIMITED

CONTENTS

	Page
Directors' responsibilities statement	1
Balance sheet	2
Notes to the financial statements	3 - 6


BLAZE HOLDCO LIMITED

DIRECTORS' RESPONSIBILITIES STATEMENT

FOR THE YEAR ENDED 31 MARCH 2025

The directors are responsible for preparing the Directors' report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of the profit or loss of the Company for that period.

In preparing these financial statements, the directors are required to:

∙select suitable accounting policies for the Company's financial statements and then apply them consistently;

∙make judgements and accounting estimates that are reasonable and prudent;

∙prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The directors are responsible for the maintenance and integrity of the corporate and financial information included on the Company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements and other information included in Directors' reports may differ from legislation in other jurisdictions.

Page 1


BLAZE HOLDCO LIMITED REGISTERED NUMBER:SC648936

BALANCE SHEET

AS AT 31 MARCH 2025

		2025		2024
Note		£		£

Fixed assets
Investments	4		2,175,100		2,175,100
Current assets
Debtors: amounts falling due within one year	5	138		138
Creditors: amounts falling due within one year	6	(19,125)		-
Net current (liabilities)/assets			(18,987)		138
Total assets less current liabilities			2,156,113		2,175,238
Creditors: amounts falling due after more than one year	7		(1,671,685)		(1,675,000)
Net assets			484,428		500,238

Capital and reserves
Called up share capital	8	3,791	476
Share premium account		480,637	499,762
		484,428	500,238

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 comprehensive income 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:

WE Main

Director

Date: 31 December 2025

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

Page 2


BLAZE HOLDCO LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1.	General information

Blaze Holdco Limited (the 'Company') is a Company limited by shares and incorporated and domiciled in the UK. The registered number is SC648936 and the registered address is Blaze House, Laurencekirk Business Park, Laurencekirk, Aberdeenshire, Scotland, AB30 1EY.

The principal activity of the Company is that of an intermediate holding company.

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

Exemption from preparing consolidated financial statements

The Company is a parent company that is also a subsidiary included in the consolidated financial statements of a larger group by a parent undertaking established under the law of any part of the United Kingdom and is therefore exempt from the requirement to prepare consolidated financial statements under section 400 of the Companies Act 2006.

2.3

Going concern

The financial statements have been prepared on a going concern basis which the directors consider to be appropriate for the following reasons:

As an intermediary holding company, the Company does not trade. Included within creditors is amounts due to group undertakings of £1,671,685. The ultimate parent company, Balmoral Group Holdings Limited, has confirmed that it will continue to provide financial support to the Company and this balance will not be called for repayment until there is suitable levels of working capital available. Accordingly the directors believe it is appropriate to continue to prepare the accounts on a going concern basis.

2.4

Investments

Investments in subsidiaries are measured at cost less accumulated impairment.

2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.6

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 3


BLAZE HOLDCO LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

2.7

Financial instruments

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, 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.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

Employees

The Company has no employees other than the directors, who did not receive any remuneration (2024 - £NIL).

4.	Fixed asset investments

		Investments in subsidiary companies
		£
	Cost or valuation
	At 1 April 2024	2,175,100
	At 31 March 2025	2,175,100

Subsidiary undertaking
The following was a subsidiary undertaking of the Company:
Name	Registered office	Class of shares	Holding

Blaze Manufacturing Solutions Limited

Blaze House, Laurencekirk Business Park, Aberdeen Road, Laurencekirk, Aberdeenshire, AB30 1EY

A Ordinary

100%

Page 4


BLAZE HOLDCO LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Debtors

					2025	2024
					£	£


Amounts owed by group undertakings	138	138

6.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

	Amounts owed to group undertakings	19,125	-

7.	Creditors: Amounts falling due after more than one year
		2025	2024
		£	£

	Amounts owed to group undertakings	1,671,685	1,675,000

Amounts owed to group undertakings are not under a formal lending arrangement and are therefore effectively repayable on demand, however the parent entity has signaled it's intention to continue to provide financial support for the Company which includes not calling for repayment of the amounts owed (note 2.3). Accordingly, the directors consider it appropriate to classify the balance as being due in greater than one year.

8.	Share capital
		2025	2024
		£	£

Allotted, called up and fully paid

10,200 (2024 - 10,200) A Ordinary share shares of £0.01 each	102	102
23,800 (2024 - 23,800) B Ordinary share shares of £0.01 each	238	238
13,600 (2024 - 13,600) C Ordinary share shares of £0.01 each	136	136
6,630 (2024 - £NIL) D Ordinary share shares of £0.50 each	3,315	-

	3,791	476

During the year, 6,630 D Ordinary shares were issued at a value of £0.50 each.

Page 5


BLAZE HOLDCO LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

9.	Ultimate parent company

The Company's ultimate parent company is Balmoral Group Holdings Limited, a company registered in Scotland. The registered office of Balmoral Group Holdings Limited is Balmoral Park, Loirston, Aberdeen, AB12 3GY.

The smallest and largest group in which the results of the Company are consolidated is that headed by Balmoral Group Holdings Limited. The consolidated accounts of this group are available to the public and may be obtained from the Registrar of Companies, Crown Way, Cardiff.

10.	Auditor's information

The auditor's report on the financial statements for the year ended 31 March 2025 was unqualified.

The audit report was signed on 31 December 2025 by Graeme Penman (Senior statutory auditor) on behalf of AAB Audit & Accountancy Limited.

Page 6