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REGISTERED NUMBER: 11985861 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 March 2023

for

BDLM Limited

BDLM Limited (Registered number: 11985861)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BDLM Limited

Company Information
for the Year Ended 31 March 2023







Directors: M I McKeown
L S Dalton
B James
D M Simpkins





Registered office: c/o Work Here
4-5 High Town
Hereford
HR1 2AA





Registered number: 11985861 (England and Wales)





Accountants: Crowthers Chartered Accountants
15 St Georges Road
Cheltenham
Gloucestershire
GL50 3DT

BDLM Limited (Registered number: 11985861)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 141,993 70,022
Investments 5 100 100
Investment property 6 550,000 550,000
692,093 620,122

CURRENT ASSETS
Stocks 1,087,873 1,626,796
Debtors 7 182,180 78,359
Cash at bank 125,413 63,940
1,395,466 1,769,095
CREDITORS
Amounts falling due within one year 8 565,107 374,111
NET CURRENT ASSETS 830,359 1,394,984
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,522,452

2,015,106

CREDITORS
Amounts falling due after more than one year 9 1,528,903 1,976,544
NET (LIABILITIES)/ASSETS (6,451 ) 38,562

CAPITAL AND RESERVES
Called up share capital 400 400
Retained earnings (6,851 ) 38,162
(6,451 ) 38,562

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.

BDLM Limited (Registered number: 11985861)

Balance Sheet - 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 October 2023 and were signed on its behalf by:




M I McKeown - Director L S Dalton - Director




B James - Director D M Simpkins - Director


BDLM Limited (Registered number: 11985861)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

BDLM Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover
Turnover 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 etc - 20% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.


BDLM Limited (Registered number: 11985861)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
Cost
At 1 April 2022 70,022
Additions 92,063
At 31 March 2023 162,085
Depreciation
Charge for year 20,092
At 31 March 2023 20,092
Net book value
At 31 March 2023 141,993
At 31 March 2022 70,022

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
Cost
At 1 April 2022
and 31 March 2023 100
Net book value
At 31 March 2023 100
At 31 March 2022 100

BDLM Limited (Registered number: 11985861)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

6. INVESTMENT PROPERTY
Total
£   
Fair value
At 1 April 2022
and 31 March 2023 550,000
Net book value
At 31 March 2023 550,000
At 31 March 2022 550,000

The investment property was professionally valued on 23 August 2022 and the directors have agreed that the valuation has not materially changed up to 31 March 2023.
The investment property is leased to the company's subsidiary BDLM Lettings Limited.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 182,180 78,359

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 4,858 -
Hire purchase contracts 23,477 9,976
Trade creditors 107,162 55,125
Amounts owed to group undertakings 17,751 8,100
Other creditors 411,859 300,910
565,107 374,111

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts 91,731 44,974
Other creditors 1,437,172 1,931,570
1,528,903 1,976,544

BDLM Limited (Registered number: 11985861)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Foundation Finance Mortgage 420,750 -
Danny Robson Loan 981,980 1,892,975
1,402,730 1,892,975

The loans above are secured by fixed charges over the property of the company.

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the year ended 31 March 2023 and the period ended 31 March 2022:

2023 2022
£    £   
M I McKeown
Balance outstanding at start of year (75,656 ) (121,683 )
Amounts advanced 122,817 88,980
Amounts repaid (44,305 ) (42,953 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 2,856 (75,656 )

B James
Balance outstanding at start of year (71,344 ) (118,871 )
Amounts advanced 72,188 88,435
Amounts repaid - (40,908 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 844 (71,344 )

As at 31 March 2023 the directors owed the company £3,700. This figure is included within current assets. The loan is interest free and repayable on demand.

12. TRANSACTIONS WITH DIRECTORS

Included within the balance of creditors due within one year is £58,129 (2022: £202,206) owed by the company to its directors. These loans are interest free with no fixed repayments terms.

During the year, the company also received services from the following companies, which directors of the company hold a material interest in:
MM & CM Limited
RentMyHouse.co.uk Limited
Construction PM Services Limited
Four J Developments Limited