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Registration number: 13208178

BCP Holdings Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 28 February 2023

 

BCP Holdings Limited

Contents

Company Information

1

Balance Sheet

2

Statement of Changes in Equity

3

Notes to the Unaudited Financial Statements

4 to 7

 

BCP Holdings Limited

Company Information

Directors

Ookkee Holdings Ltd

Mr M G Clifton

Thie Holdings Limited

PTP Assets Ltd

HYD Holdings Ltd

Registered office

Studio 1
The Focus Building
1 Crimea Road
Bournemouth
Dorset
BH9 1AP

Accountants

Elysium
Chartered Accountants
Unit A7 The Arena
9 Nimrod Way
Ferndown
Wimborne
Dorset
BH21 7UH

 

BCP Holdings Limited

(Registration number: 13208178)
Balance Sheet as at 28 February 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

5

445,229

442,025

Current assets

 

Debtors

6

923

1,123

Cash at bank and in hand

 

6,610

1,977

 

7,533

3,100

Creditors: Amounts falling due within one year

7

(213,524)

(206,852)

Net current liabilities

 

(205,991)

(203,752)

Total assets less current liabilities

 

239,238

238,273

Creditors: Amounts falling due after more than one year

7

(274,024)

(280,586)

Net liabilities

 

(34,786)

(42,313)

Capital and reserves

 

Called up share capital

8

4

4

Retained earnings

(34,790)

(42,317)

Shareholders' deficit

 

(34,786)

(42,313)

For the financial year ending 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 8 November 2023 and signed on its behalf by:
 

.........................................
Mr M G Clifton
Director

 

BCP Holdings Limited

Statement of Changes in Equity for the Year Ended 28 February 2023

Share capital
£

Retained earnings
£

Total
£

At 1 March 2022

4

(42,317)

(42,313)

Profit for the year

-

7,527

7,527

At 28 February 2023

4

(34,790)

(34,786)

Share capital
£

Retained earnings
£

Total
£

At 17 February 2021

4

-

4

Loss for the year

-

(42,317)

(42,317)

At 28 February 2022

4

(42,317)

(42,313)

 

BCP Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2023

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Studio 1
The Focus Building
1 Crimea Road
Bournemouth
Dorset
BH9 1AP

These financial statements were authorised for issue by the Board on 8 November 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

BCP Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2023

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 1 (2022 - 1).

 

BCP Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2023

4

Profit/loss before tax

Arrived at after charging/(crediting)

2023
£

2022
£

Depreciation expense

134

-

5

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 March 2022

442,025

-

442,025

Additions

901

2,437

3,338

At 28 February 2023

442,926

2,437

445,363

Depreciation

Charge for the year

-

134

134

At 28 February 2023

-

134

134

Carrying amount

At 28 February 2023

442,926

2,303

445,229

At 28 February 2022

442,025

-

442,025

Included within the net book value of land and buildings above is £442,926 (2022 - £442,025) in respect of freehold land and buildings.
 

6

Debtors

Current

2023
£

2022
£

Trade debtors

-

1,000

Prepayments

923

123

 

923

1,123

 

BCP Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2023

7

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

9

202,596

202,596

Trade creditors

 

328

109

Accruals and deferred income

 

3,100

4,147

Other creditors

 

7,500

-

 

213,524

206,852

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

9

274,024

280,586

8

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary £1 of £1 each

4

4

4

4

         

9

Loans and borrowings

2023
£

2022
£

Non-current loans and borrowings

Other borrowings

274,024

280,586

2023
£

2022
£

Current loans and borrowings

Other borrowings

202,596

202,596