Caseware UK (AP4) 2022.0.179 2022.0.179 2023-02-282023-02-282022-02-22falsefalseNo description of principal activity2trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13932912 2022-02-21 13932912 2022-02-22 2023-02-28 13932912 2021-02-22 2022-02-21 13932912 2023-02-28 13932912 c:Director1 2022-02-22 2023-02-28 13932912 c:Director2 2022-02-22 2023-02-28 13932912 d:FurnitureFittings 2022-02-22 2023-02-28 13932912 d:FurnitureFittings 2023-02-28 13932912 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-02-22 2023-02-28 13932912 d:FreeholdInvestmentProperty 2022-02-22 2023-02-28 13932912 d:FreeholdInvestmentProperty 2023-02-28 13932912 d:CurrentFinancialInstruments 2023-02-28 13932912 d:Non-currentFinancialInstruments 2023-02-28 13932912 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 13932912 d:Non-currentFinancialInstruments d:AfterOneYear 2023-02-28 13932912 d:ShareCapital 2023-02-28 13932912 d:RetainedEarningsAccumulatedLosses 2023-02-28 13932912 c:OrdinaryShareClass1 2022-02-22 2023-02-28 13932912 c:OrdinaryShareClass1 2023-02-28 13932912 c:OrdinaryShareClass2 2022-02-22 2023-02-28 13932912 c:OrdinaryShareClass2 2023-02-28 13932912 c:OrdinaryShareClass3 2022-02-22 2023-02-28 13932912 c:OrdinaryShareClass3 2023-02-28 13932912 c:OrdinaryShareClass4 2022-02-22 2023-02-28 13932912 c:OrdinaryShareClass4 2023-02-28 13932912 c:OrdinaryShareClass5 2022-02-22 2023-02-28 13932912 c:OrdinaryShareClass5 2023-02-28 13932912 c:FRS102 2022-02-22 2023-02-28 13932912 c:AuditExempt-NoAccountantsReport 2022-02-22 2023-02-28 13932912 c:FullAccounts 2022-02-22 2023-02-28 13932912 c:PrivateLimitedCompanyLtd 2022-02-22 2023-02-28 13932912 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2022-02-22 2023-02-28 13932912 2 2022-02-22 2023-02-28 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 13932912









BMD HOMES LTD







UNAUDITED

FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 28 FEBRUARY 2023

 
BMD HOMES LTD
REGISTERED NUMBER: 13932912

BALANCE SHEET
AS AT 28 FEBRUARY 2023

2023
Note
£

Fixed assets
  

Tangible assets
 4 
3,959

Investment property
 5 
384,028

  
387,987

Current assets
  

Debtors: amounts falling due within one year
 6 
4,100

Cash at bank and in hand
  
142,239

  
146,339

Creditors: amounts falling due within one year
 7 
(268,515)

Net current liabilities
  
 
 
(122,176)

Total assets less current liabilities
  
265,811

Creditors: amounts falling due after more than one year
 8 
(271,001)

  

Net liabilities
  
(5,190)


Capital and reserves
  

Called up share capital 
 9 
120

Profit and loss account
  
(5,310)

  
(5,190)


The directors consider 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 period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Page 1

 
BMD HOMES LTD
REGISTERED NUMBER: 13932912
    
BALANCE SHEET (CONTINUED)
AS AT 28 FEBRUARY 2023

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 3 November 2023.




Dr N Chirodian
Mrs I Chirodian
Director
Director

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

Page 2

 
BMD HOMES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 FEBRUARY 2023

1.


General information

The company is a private company limited by shares. It is both incorporated and domiciled in England and Wales. The registered office is 7 The Close, Norwich, Norfolk, NR1 4DJ.
The principal activity of the company is the rental of its property. The principal place of business is Norwich, Norfolk.

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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Revenue

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, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Interest income

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

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 3

 
BMD HOMES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 FEBRUARY 2023

2.Accounting policies (continued)

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the period in which they are incurred.

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Fixtures and fittings
-
15%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
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

 
BMD HOMES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 FEBRUARY 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 partiesand investments in ordinary shares.


3.


Employees

The average monthly number of employees, including directors, during the period was 2.


4.


Tangible fixed assets





Fixtures and fittings

£



Cost or valuation


Additions
4,658



At 28 February 2023

4,658



Depreciation


Charge for the period on owned assets
699



At 28 February 2023

699



Net book value



At 28 February 2023
3,959

Page 5

 
BMD HOMES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 FEBRUARY 2023

5.


Investment property


Freehold investment property

£



Valuation


Additions at cost
384,028



At 28 February 2023
384,028

The 2023 valuations were made by the directors, on an open market value for existing use basis.








6.


Debtors

2023
£


Prepayments and accrued income
4,100

4,100



7.


Creditors: Amounts falling due within one year

2023
£

Other creditors
266,054

Accruals and deferred income
2,461

268,515


Page 6

 
BMD HOMES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 FEBRUARY 2023

8.


Creditors: Amounts falling due after more than one year

2023
£

Bank loan
271,001

271,001


The bank loan is secured on the freehold property.


9.


Share capital

2023
£
Allotted, called up and fully paid


51 'A' ordinary shares of £1.00 each
51
51 'B'ordinary shares of £1.00 each
51
6 'C' Ordinary shares of £1.00 each
6
6 'D' Ordinary shares of £1.00 each
6
6 'E' Ordinary shares of £1.00 each
6

120


During the year 120 £1 ordinary shares were issued at par.


10.


Related party transactions

As at 28 February 2023 the company owed the directors £516.

 
Page 7