ACCOUNTS - Final Accounts preparation

ACCOUNTS - Final Accounts preparation

BLINK TYLER LIMITED - Company Information

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Caseware UK (AP4) 2020.0.247 2020.0.247 2020-12-312020-12-312020-01-010No description of principal activity0truetruetrue 06540444 2020-01-01 2020-12-31 06540444 2019-01-01 2019-12-31 06540444 2020-12-31 06540444 2019-12-31 06540444 c:Director1 2020-01-01 2020-12-31 06540444 d:CurrentFinancialInstruments 2020-12-31 06540444 d:CurrentFinancialInstruments 2019-12-31 06540444 d:CurrentFinancialInstruments d:WithinOneYear 2020-12-31 06540444 d:CurrentFinancialInstruments d:WithinOneYear 2019-12-31 06540444 d:ShareCapital 2020-12-31 06540444 d:ShareCapital 2019-12-31 06540444 d:SharePremium 2020-12-31 06540444 d:SharePremium 2019-12-31 06540444 d:RetainedEarningsAccumulatedLosses 2020-12-31 06540444 d:RetainedEarningsAccumulatedLosses 2019-12-31 06540444 c:OrdinaryShareClass1 2020-01-01 2020-12-31 06540444 c:OrdinaryShareClass1 2020-12-31 06540444 c:OrdinaryShareClass1 2019-12-31 06540444 c:OrdinaryShareClass2 2020-01-01 2020-12-31 06540444 c:OrdinaryShareClass2 2020-12-31 06540444 c:OrdinaryShareClass2 2019-12-31 06540444 c:EntityHasNeverTraded 2020-01-01 2020-12-31 06540444 c:FRS102 2020-01-01 2020-12-31 06540444 c:Audited 2020-01-01 2020-12-31 06540444 c:FullAccounts 2020-01-01 2020-12-31 06540444 c:PrivateLimitedCompanyLtd 2020-01-01 2020-12-31 06540444 d:Subsidiary1 2020-01-01 2020-12-31 06540444 d:Subsidiary1 1 2020-01-01 2020-12-31 06540444 c:SmallCompaniesRegimeForAccounts 2020-01-01 2020-12-31 06540444 6 2020-01-01 2020-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 06540444









BLINK TYLER LIMITED









FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2020
 
BLINK TYLER LIMITED
REGISTERED NUMBER: 06540444

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2020

2020
2019
Note
£
£

Fixed assets
  

Investments
 3 
325,000
325,000

  
325,000
325,000

  

Creditors: amounts falling due within one year
 4 
(174,631)
(174,631)

Net current liabilities
  
 
 
(174,631)
 
 
(174,631)

Total assets less current liabilities
  
150,369
150,369

  

Net assets
  
150,369
150,369


Capital and reserves
  

Called up share capital 
 5 
51
51

Share premium account
  
149,950
149,950

Profit and loss account
  
368
368

  
150,369
150,369


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 income statement 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: 




R Earley
Director

Date: 21 September 2021

The notes on pages 2 to 4 form part of these financial statements.

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BLINK TYLER LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2020

1.


General information

Company Information
Blink Tyler Limited (registered number 06540444) is a private company limited by shares and is registered and incorporated in England and Wales. The registered office is 3rd Floor, 1 Ashley Road, Altrincham, Cheshire, England, WA14 2DT.
The principal activity of the company continued to be that of a 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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Going concern

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 in preparing the financial statements.

 
2.3

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.4

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.

 
2.5

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing
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BLINK TYLER LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2020

2.Accounting policies (continued)


2.5
Financial instruments (continued)

transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.

 
2.6

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 January 2020
325,000



At 31 December 2020
325,000





Subsidiary undertaking


The following was a subsidiary undertaking of the Company:

Name

Registered office

Class of shares

Holding

Blink Medical Limited
3rd Floor, 1 Ashley Road, Altrincham, Cheshire, WA14 2DT
Ordinary
100%

The aggregate of the share capital and reserves as at 31 December 2020 and the profit or loss for the year ended on that date for the subsidiary undertaking were as follows:

Name
Aggregate of share capital and reserves
Profit/(loss)

Blink Medical Limited
2,563,992
844,882

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BLINK TYLER LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2020

4.


Creditors: Amounts falling due within one year

2020
2019
£
£

Amounts owed to group undertakings
174,631
174,631

174,631
174,631



5.


Share capital

2020
2019
£
£
Allotted, called up and fully paid



383 (2019 - 383) 383 A Ordinary shares of £0.10 each
38
38
127 (2019 - 127) 127 B Ordinary shares of £0.10 each
13
13

51

51



6.


Controlling party

The parent of the smallest group for which consolidated accounts are drawn up of which the company is a member is Katena Products Inc.; a company with a registered office at 4 Stewart Court, Denville, NJ 07834, USA.


7.


Auditors' information

The auditors' report on the financial statements for the year ended 31 December 2020 was unqualified.

The audit report was signed on 21 September 2021 by John Fletcher (Senior statutory auditor) on behalf of WR Partners.

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