Bluefield Renewable Developments Limited

(Registration number: 12642196)
Balance Sheet as at 31 March 2026

	Note	2026 £	2025 £
Fixed assets
Tangible assets	4	3,620	5,688
Investments	5	9,054	9,066
		12,674	14,754
Current assets
Debtors	6	464,685	437,961
Cash at bank and in hand		57,715	24,582
		522,400	462,543
Creditors: Amounts falling due within one year	7	(3,632,336)	(2,533,425)
Net current liabilities		(3,109,936)	(2,070,882)
Net liabilities		(3,097,262)	(2,056,128)
Capital and reserves
Called up share capital	8	1	1
Profit and loss account		(3,097,263)	(2,056,129)
Total equity		(3,097,262)	(2,056,128)

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 and the option not to file the Profit and Loss Account has been taken.

Approved and authorised for issue by the Board on 30 June 2026 and signed on its behalf by:
 

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

M W Eales
Director

Bluefield Renewable Developments Limited

Notes to the Financial Statements for the Year Ended 31 March 2026

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, unless otherwise stated.

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 £.

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.

Bluefield Renewable Developments Limited

Notes to the Financial Statements for the Year Ended 31 March 2026

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when:
the amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity; and
specific criteria have been met for each of the company's activities.

Revenue earned from co-development and management services is recognised evenly throughout the year as the services are provided. Recharge income is recognised at the point the underlying cost has been incurred by the company.

Revenue earned from the sale of investments is recognised at the point in time when the sale agreement has been contractually finalised.

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.

Tangible fixed assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Machinery and equipment	50% on cost

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.

Bluefield Renewable Developments Limited

Notes to the Financial Statements for the Year Ended 31 March 2026

Trade debtors

Trade debtors are recognised initially at the transaction price. They are subsequently measured less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost and using the effective interest method if the balance is due in more than one year.

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.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due.

Employee benefits
The costs of short-term employee benefits, including the cost of any unused holiday entitlement, are recognised as a liability and an expense in the period in which the employees' services are received.

3	Staff numbers

The average number of persons employed by the company during the year was 9 (2025 - 6).

Bluefield Renewable Developments Limited

Notes to the Financial Statements for the Year Ended 31 March 2026

4	Tangible fixed assets

	Machinery and equipment £
Cost
At 1 April 2025	12,869
Additions	3,075
Disposals	(1,027)
At 31 March 2026	14,917
Depreciation
At 1 April 2025	7,181
Charge for the year	5,143
Eliminated on disposal	(1,027)
At 31 March 2026	11,297
Carrying amount
At 31 March 2026	3,620
At 31 March 2025	5,688

Bluefield Renewable Developments Limited

Notes to the Financial Statements for the Year Ended 31 March 2026

5	Investments

	2026 £	2025 £
Fixed asset investments at 1 April	9,066	9,062
Additions	-	4
Disposals	(12)	-
Fixed asset investments at 31 March	9,054	9,066