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REGISTERED NUMBER: 08849986 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

BUILT ASSET MANAGEMENT LTD

BUILT ASSET MANAGEMENT LTD (REGISTERED NUMBER: 08849986)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


BUILT ASSET MANAGEMENT LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: J S Herrera Pasqualin
A J Gibbs





REGISTERED OFFICE: 2nd Floor, 55 Ludgate Hill
London
United Kingdom
EC4M 7JW





REGISTERED NUMBER: 08849986 (England and Wales)





ACCOUNTANTS: Crowe U.K. LLP
4th Floor
St James House
St James Square
Cheltenham
Gloucestershire
GL50 3PR

BUILT ASSET MANAGEMENT LTD (REGISTERED NUMBER: 08849986)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 216,859 42,401
Investments 5 200 200
217,059 42,601

CURRENT ASSETS
Debtors 6 552,019 499,065
Cash at bank 1,200,345 1,107,746
1,752,364 1,606,811
CREDITORS
Amounts falling due within one year 7 910,853 813,245
NET CURRENT ASSETS 841,511 793,566
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,058,570

836,167

CREDITORS
Amounts falling due after more than one
year

8

(408,092

)

(500,322

)

PROVISIONS FOR LIABILITIES (3,984 ) (10,388 )
NET ASSETS 646,494 325,457

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 646,394 325,357
SHAREHOLDERS' FUNDS 646,494 325,457

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

BUILT ASSET MANAGEMENT LTD (REGISTERED NUMBER: 08849986)

STATEMENT OF FINANCIAL POSITION - continued
31 MARCH 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 November 2023 and were signed on its behalf by:





J S Herrera Pasqualin - Director


BUILT ASSET MANAGEMENT LTD (REGISTERED NUMBER: 08849986)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023


1. STATUTORY INFORMATION

Built Asset Management 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.

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.

These financial statements relate to Built Asset Management Limited only and not the consolidated group.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 33.3% on cost
Fixtures and fittings - 20% on cost
Computer equipment - 33.3% on cost

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 Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2022 - 17 ) .

BUILT ASSET MANAGEMENT LTD (REGISTERED NUMBER: 08849986)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 April 2022 - 407,019 12,890 419,909
Additions 1,173 225,240 2,066 228,479
At 31 March 2023 1,173 632,259 14,956 648,388
DEPRECIATION
At 1 April 2022 - 369,628 7,880 377,508
Charge for year 318 50,978 2,725 54,021
At 31 March 2023 318 420,606 10,605 431,529
NET BOOK VALUE
At 31 March 2023 855 211,653 4,351 216,859
At 31 March 2022 - 37,391 5,010 42,401

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2022
and 31 March 2023 200
NET BOOK VALUE
At 31 March 2023 200
At 31 March 2022 200

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 137,879 151,401
Other debtors 414,140 347,664
552,019 499,065

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 95,408 99,678
Trade creditors 33,974 15,222
Taxation and social security 148,128 102,255
Other creditors 633,343 596,090
910,853 813,245

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 408,092 500,322

BUILT ASSET MANAGEMENT LTD (REGISTERED NUMBER: 08849986)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 3,828,283 3,001,231
Between one and five years 3,836,217 1,549,083
7,664,500 4,550,314

10. RELATED PARTY DISCLOSURES

The parent undertaking of the company is BAM Capital Ltd, a company registered in England and Wales. It's registered office is 67 The Avenue, London, W4 1HD..

Included within debtors: amounts falling due within one year, is an amount owed by BAM Capital Ltd, for items paid on its behalf in the sum of £149,540 (2022: £119,036). The debt is unsecured, interest free and carries no fixed date of repayment.