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REGISTERED NUMBER: 13045298 (England and Wales)






























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2022

FOR

BMP HOLDINGS (LEICESTER) LTD

BMP HOLDINGS (LEICESTER) LTD (REGISTERED NUMBER: 13045298)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2022










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BMP HOLDINGS (LEICESTER) LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2022







DIRECTORS: Mr JA Patel
Mr AD Patel
Mr RB Patel





REGISTERED OFFICE: 118 Belgrave Road
Leicester
LE4 5AT





REGISTERED NUMBER: 13045298 (England and Wales)

BMP HOLDINGS (LEICESTER) LTD (REGISTERED NUMBER: 13045298)

BALANCE SHEET
31 OCTOBER 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Investments 4 1,322,921 1,176,853

CURRENT ASSETS
Debtors 5 573,656 -
Cash at bank and in hand 3,182 9,432
576,838 9,432
CREDITORS
Amounts falling due within one year 6 977,080 307,709
NET CURRENT LIABILITIES (400,242 ) (298,277 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

922,679

878,576

CREDITORS
Amounts falling due after more than one year 7 921,970 890,417
NET ASSETS/(LIABILITIES) 709 (11,841 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 609 (11,941 )
709 (11,841 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

BMP HOLDINGS (LEICESTER) LTD (REGISTERED NUMBER: 13045298)

BALANCE SHEET - continued
31 OCTOBER 2022


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 September 2023 and were signed on its behalf by:





Mr RB Patel - Director


BMP HOLDINGS (LEICESTER) LTD (REGISTERED NUMBER: 13045298)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2022


1. STATUTORY INFORMATION

BMP Holdings (Leicester) Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The company is a parent undertaking of a small group and as such is not required by the Companies Act 2006 to prepare group accounts. These financial statements therefore present information about the company as an individual undertaking and not about its group.

Going concern
The company is supported by the directors of the company, who will continue to support the company for the foreseeable future. On this basis, the directors consider it appropriate to prepare the financial statements on the going concern basis.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


BMP HOLDINGS (LEICESTER) LTD (REGISTERED NUMBER: 13045298)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2022


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Creditors
Short term trade 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.

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.

Comparative figures
The comparative figures are for the 11 month period of trading to 31 October 2021. The current figures represent a 12 month period of trading to 31 October 2022.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2021 - 3 ) .

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 November 2021 1,176,853
Additions 146,068
At 31 October 2022 1,322,921
NET BOOK VALUE
At 31 October 2022 1,322,921
At 31 October 2021 1,176,853

BMP HOLDINGS (LEICESTER) LTD (REGISTERED NUMBER: 13045298)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2022


5. DEBTORS
2022 2021
£    £   
Amounts falling due within one year:
Other debtors 47,000 -

Amounts falling due after more than one year:
Other debtors 526,656 -

Aggregate amounts 573,656 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 34,800 34,800
Amounts owed to group undertakings 942,137 272,909
Taxation 143 -
977,080 307,709

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2022 2021
£    £   
Bank loans - 2-5 years 104,400 92,800
Bank loans more than 5 years
by instalment 546,960 583,276
Other loans - 1-2 years 74,113 -
Other creditors 196,497 214,341
921,970 890,417

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years
by instalment 546,960 583,276
546,960 583,276

BMP HOLDINGS (LEICESTER) LTD (REGISTERED NUMBER: 13045298)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2022


8. SECURED DEBTS

The following secured debts are included within creditors:

2022 2021
£    £   
Bank loans 686,160 710,876

The bank loans are secured by a fixed and floating charge on the assets of the company.

9. RELATED PARTY DISCLOSURES

Included in other debtors is a balance of £526,656 (2021 - £nil) owed by related entities.

Included in other creditors is a balance of £196,497 (2021 - £214,341) owed to related entities.

No interest was charged on the above balances.