Caseware UK (AP4) 2022.0.179 2022.0.179 2023-01-312023-01-3112022-02-01falseThe principal activity of the company is that of an investment holding company.1falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 11114200 2022-02-01 2023-01-31 11114200 2021-02-01 2022-01-31 11114200 2023-01-31 11114200 2022-01-31 11114200 c:Director1 2022-02-01 2023-01-31 11114200 c:RegisteredOffice 2022-02-01 2023-01-31 11114200 d:CurrentFinancialInstruments 2023-01-31 11114200 d:CurrentFinancialInstruments 2022-01-31 11114200 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 11114200 d:CurrentFinancialInstruments d:WithinOneYear 2022-01-31 11114200 d:ShareCapital 2023-01-31 11114200 d:ShareCapital 2022-01-31 11114200 d:RetainedEarningsAccumulatedLosses 2023-01-31 11114200 d:RetainedEarningsAccumulatedLosses 2022-01-31 11114200 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-01-31 11114200 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2022-01-31 11114200 d:AcceleratedTaxDepreciationDeferredTax 2023-01-31 11114200 d:AcceleratedTaxDepreciationDeferredTax 2022-01-31 11114200 c:OrdinaryShareClass1 2022-02-01 2023-01-31 11114200 c:OrdinaryShareClass1 2023-01-31 11114200 c:OrdinaryShareClass1 2022-01-31 11114200 c:FRS102 2022-02-01 2023-01-31 11114200 c:AuditExempt-NoAccountantsReport 2022-02-01 2023-01-31 11114200 c:FullAccounts 2022-02-01 2023-01-31 11114200 c:PrivateLimitedCompanyLtd 2022-02-01 2023-01-31 11114200 2 2022-02-01 2023-01-31 11114200 6 2022-02-01 2023-01-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 11114200









BMMA CAPITAL LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JANUARY 2023

 
BMMA CAPITAL LIMITED
 
 
COMPANY INFORMATION


Director
E Behmoaras 




Registered number
11114200



Registered office
71-75 Shelton Street
Covent Garden

London

WC2H 9JQ




Accountants
Rawlinson & Hunter LLP
Chartered Accountants

Eighth Floor

6 New Street Square

New Fetter Lane

London

EC4A 3AQ





 
BMMA CAPITAL LIMITED
 

CONTENTS



Page
Balance Sheet
 
1 - 2
Notes to the Financial Statements
 
3 - 7


 
BMMA CAPITAL LIMITED
REGISTERED NUMBER: 11114200

BALANCE SHEET
AS AT 31 JANUARY 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
 4 
285,535
136,643

  
285,535
136,643

Current assets
  

Debtors: amounts falling due within one year
 5 
1,545
5,209

Cash at bank and in hand
 6 
4,169
163,946

  
5,714
169,155

Creditors: amounts falling due within one year
 7 
(11,217)
(14,763)

Net current (liabilities)/assets
  
 
 
(5,503)
 
 
154,392

Total assets less current liabilities
  
280,032
291,035

  

Net assets
  
280,032
291,035


Capital and reserves
  

Called up share capital 
 10 
335,798
335,798

Profit and loss account
  
(55,766)
(44,763)

  
280,032
291,035


Page 1

 
BMMA CAPITAL LIMITED
REGISTERED NUMBER: 11114200
    
BALANCE SHEET (CONTINUED)
AS AT 31 JANUARY 2023

The director considers that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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 profit and loss account 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: 




E Behmoaras
Director

Date: 19 October 2023

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
BMMA CAPITAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

1.


General information

BMMA Capital Limited is a private company, limited by shares, incorporated in England and Wales with registration number of 11114200. The registered office address is 71-75 Shelton Street Covent Garden London WC2H 9JQ.

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 following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been prepared on a going concern basis which assumes that the
company will continue in operational existence for the foreseeable future.

 
2.3

Foreign currency translation

Functional and presentation currency

The company's functional currency is USD. This differs from the presentational currency which is GBP. The financial statements have been prepared in the presentational currency as this is the currency in the jurisdiction in which the company is domiciled for tax reporting purposes.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

 
2.4

Revenue

Revenue comprises income received from listed investments and realised gains or losses arising from the disposal of listed investments. Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable.

 
2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 3

 
BMMA CAPITAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

2.Accounting policies (continued)

 
2.6

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.7

Valuation of investments

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.8

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.

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.10

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 4

 
BMMA CAPITAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

2.Accounting policies (continued)

 
2.11

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 1).


4.


Fixed asset investments





Listed investments

£



Valuation


At 1 February 2022
136,643


Additions
251,162


Disposals
(108,218)


Foreign exchange movement
18,035


Revaluations
(12,087)



At 31 January 2023
285,535




The cost of the listed investments as at 31 January 2023 was £278,853 (2022 - £135,909).


5.


Debtors

2023
2022
£
£


Tax recoverable
-
3,416

Deferred taxation
1,545
1,793

1,545
5,209


Page 5

 
BMMA CAPITAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
4,169
163,946



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Amounts owed to group undertakings
2,000
2,000

Accruals and deferred income
9,217
12,763

11,217
14,763



8.


Financial instruments

2023
2022
£
£

Financial assets


Financial assets measured at fair value through profit or loss
289,704
300,589




Financial assets measured at fair value through profit or loss comprise cash at bank and in hand and listed investments.

Page 6

 
BMMA CAPITAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

9.


Deferred taxation




2023


£






At 1 February 2022
1,793


Credit to profit or loss
(248)



At 31 January 2023
1,545

The deferred tax asset is made up as follows:

2023
2022
£
£


Tax losses carried forward
1,545
1,793


10.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



470,887 (2022 - 470,887) Ordinary shares shares of $1 each
335,798
335,798


 
Page 7