ACCOUNTS - Final Accounts preparation

BLINK TYLER LIMITED - Company Information

Caseware UK (AP4) 2022.0.179 2022.0.179 2022-12-312022-12-310truetrue0No description of principal activity2022-01-01true 06540444 2022-01-01 2022-12-31 06540444 2021-01-01 2021-12-31 06540444 2022-12-31 06540444 2021-12-31 06540444 c:Director7 2022-01-01 2022-12-31 06540444 d:CurrentFinancialInstruments 2022-12-31 06540444 d:CurrentFinancialInstruments 2021-12-31 06540444 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 06540444 d:CurrentFinancialInstruments d:WithinOneYear 2021-12-31 06540444 d:ShareCapital 2022-12-31 06540444 d:ShareCapital 2021-12-31 06540444 d:SharePremium 2022-12-31 06540444 d:SharePremium 2021-12-31 06540444 d:RetainedEarningsAccumulatedLosses 2022-12-31 06540444 d:RetainedEarningsAccumulatedLosses 2021-12-31 06540444 c:OrdinaryShareClass1 2022-01-01 2022-12-31 06540444 c:OrdinaryShareClass1 2022-12-31 06540444 c:OrdinaryShareClass1 2021-12-31 06540444 c:OrdinaryShareClass2 2022-01-01 2022-12-31 06540444 c:OrdinaryShareClass2 2022-12-31 06540444 c:OrdinaryShareClass2 2021-12-31 06540444 c:EntityHasNeverTraded 2022-01-01 2022-12-31 06540444 c:FRS102 2022-01-01 2022-12-31 06540444 c:Audited 2022-01-01 2022-12-31 06540444 c:FullAccounts 2022-01-01 2022-12-31 06540444 c:PrivateLimitedCompanyLtd 2022-01-01 2022-12-31 06540444 d:Subsidiary1 2022-01-01 2022-12-31 06540444 d:Subsidiary1 1 2022-01-01 2022-12-31 06540444 c:SmallCompaniesRegimeForAccounts 2022-01-01 2022-12-31 06540444 6 2022-01-01 2022-12-31 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 2022

BLINK TYLER LIMITED

REGISTERED NUMBER: 06540444

STATEMENT OF FINANCIAL POSITION

AS AT 31 DECEMBER 2022

		2022		2021
Note		£		£

Fixed assets
Investments	4		325,000		325,000
			325,000		325,000

Creditors: amounts falling due within one year	5	(175,131)		(174,631)
Net current liabilities			(175,131)		(174,631)
Total assets less current liabilities			149,869		150,369

Net assets			149,869		150,369

Capital and reserves
Called up share capital	6	51	51
Share premium account		149,950	149,950
Profit and loss account		(132)	368
		149,869	150,369

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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:

L J Mullins

Director

Date: 29 September 2023

The notes on pages 2 to 5 form part of these financial statements.

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BLINK TYLER LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

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 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

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 a state other than the United Kingdom and is therefore exempt from the requirement to prepare consolidated financial statements under section 401 of the Companies Act 2006.

2.3

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.

2.4

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

2.5

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.

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BLINK TYLER LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

2.Accounting policies (continued)

2.6

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 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.

Employees

The Company has no employees other than the directors, who did not receive any remuneration (2021 - £NIL).

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BLINK TYLER LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

4.	Fixed asset investments

		Investments in subsidiary companies
		£
	Cost or valuation
	At 1 January 2022	325,000
	At 31 December 2022	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 2022 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

5,416,941

1,589,026

5.	Creditors: Amounts falling due within one year
		2022	2021
		£	£

Amounts owed to group undertakings	175,131	174,631
	175,131	174,631

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BLINK TYLER LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

6.	Share capital
		2022	2021
		£	£

Allotted, called up and fully paid

383 (2021 - 383) 383 A Ordinary shares of £0.10 each	38	38
127 (2021 - 127) 127 B Ordinary shares of £0.10 each	13	13

	51	51

7.	Controlling party

The smallest and the largest group into which the Company was consolidated is headed by Corza Medical S.à.r.l. Copies of the consolidated financial statements can be obtained from 6 rue Eugène Ruppert, L-2453, Luxembourg.
The Company’s ultimate parent and controlling party is GTCR LLC, 300 N. La Salle Street, Suite 5600 Chicago IL 60654 incorporated in the United States of America.

8.	Auditors' information

The auditors' report on the financial statements for the year ended 31 December 2022 was unqualified.

The audit report was signed on 29 September 2023 by John Fletcher BA (Hons) FCA (Senior statutory auditor) on behalf of WR Partners.

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