COMPANY REGISTRATION NUMBER:
10586721
BPM TECH HOLDINGS UK LIMITED |
|
FILLETED UNAUDITED FINANCIAL STATEMENTS |
|
BPM TECH HOLDINGS UK LIMITED |
|
YEAR ENDED 31 MARCH 2023
Balance sheet
1
Notes to the financial statements
2
BPM TECH HOLDINGS UK LIMITED |
|
31 March 2023
Fixed assets
Investments |
4 |
1,507,500 |
1,507,500 |
|
|
|
|
Creditors: amounts falling due within one year |
5 |
(
457,495) |
(
457,495) |
|
------------ |
------------ |
Net current liabilities |
(
457,495) |
(
457,495) |
|
------------ |
------------ |
Total assets less current liabilities |
1,050,005 |
1,050,005 |
|
------------ |
------------ |
|
|
|
|
Capital and reserves
Called up share capital |
6 |
350 |
350 |
Share premium account |
1,049,650 |
1,049,650 |
Capital redemption reserve |
5 |
5 |
|
------------ |
------------ |
Shareholders funds |
1,050,005 |
1,050,005 |
|
------------ |
------------ |
|
|
|
|
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the profit and loss account has not been delivered.
For the year ending 31 March 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 financial statements for the year in question in accordance with section 476
;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
These financial statements were approved by the
board of directors
and authorised for issue on
14 August 2023
, and are signed on behalf of the board by:
M Robinson |
B Whiteley |
Director |
Director |
|
|
Company registration number:
10586721
BPM TECH HOLDINGS UK LIMITED |
|
NOTES TO THE FINANCIAL STATEMENTS |
|
YEAR ENDED 31 MARCH 2023
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is St Pegs Mill, Thornhill Beck Lane, Brighouse, HD6 4AH.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Investments in associates
Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.
Investments in joint ventures
Investments in jointly controlled entities accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in jointly controlled entities accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the joint venture arising before or after the date of acquisition.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4.
Investments
|
Investments |
|
£ |
Cost |
|
At 1 April 2022 and 31 March 2023 |
1,507,500 |
|
------------ |
Impairment |
|
At 1 April 2022 and 31 March 2023 |
– |
|
------------ |
|
|
Carrying amount |
|
At 31 March 2023 |
1,507,500 |
|
------------ |
At 31 March 2022 |
1,507,500 |
|
------------ |
|
|
The company owns the whole of the issued share capital of BPM Tech Limited, a company incorporated in the UK.
5.
Creditors:
amounts falling due within one year
|
2023 |
2022 |
|
£ |
£ |
Group creditor |
457,495 |
457,495 |
|
------------ |
------------ |
|
|
|
6.
Called up share capital
Issued, called up and fully paid
|
2023 |
2022 |
|
No. |
£ |
No. |
£ |
Ordinary Class shares of £ 1 each |
350 |
350 |
350 |
350 |
|
------------ |
------------ |
------------ |
------------ |
|
|
|
|
|
7.
Related party transactions
The company owns the whole of the issued share capital of BPM Tech Limited. The debt owed to the subsidiary company a note 7 above is unsecured, payable on demand and currently interest-free. The company is a wholly-owned subsidiary of BPM Tech Group UK Limited. The company is controlled by
B Whiteley
.