Caseware UK (AP4) 2022.0.179 2022.0.179 2023-02-282023-02-282022-03-01false33truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 11837441 2022-03-01 2023-02-28 11837441 2021-03-01 2022-02-28 11837441 2023-02-28 11837441 2022-02-28 11837441 c:Director1 2022-03-01 2023-02-28 11837441 d:FurnitureFittings 2022-03-01 2023-02-28 11837441 d:FurnitureFittings 2023-02-28 11837441 d:FurnitureFittings 2022-02-28 11837441 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-03-01 2023-02-28 11837441 d:LeaseholdInvestmentProperty 2023-02-28 11837441 d:LeaseholdInvestmentProperty 2022-02-28 11837441 d:CurrentFinancialInstruments 2023-02-28 11837441 d:CurrentFinancialInstruments 2022-02-28 11837441 d:Non-currentFinancialInstruments 2023-02-28 11837441 d:Non-currentFinancialInstruments 2022-02-28 11837441 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 11837441 d:CurrentFinancialInstruments d:WithinOneYear 2022-02-28 11837441 d:Non-currentFinancialInstruments d:AfterOneYear 2023-02-28 11837441 d:Non-currentFinancialInstruments d:AfterOneYear 2022-02-28 11837441 d:ShareCapital 2023-02-28 11837441 d:ShareCapital 2022-02-28 11837441 d:RetainedEarningsAccumulatedLosses 2023-02-28 11837441 d:RetainedEarningsAccumulatedLosses 2022-02-28 11837441 c:FRS102 2022-03-01 2023-02-28 11837441 c:AuditExempt-NoAccountantsReport 2022-03-01 2023-02-28 11837441 c:FullAccounts 2022-03-01 2023-02-28 11837441 c:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 11837441 d:AcceleratedTaxDepreciationDeferredTax 2023-02-28 11837441 d:AcceleratedTaxDepreciationDeferredTax 2022-02-28 iso4217:GBP xbrli:pure

Registered number: 11837441










BMO INVESTMENTS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2023

 
BMO INVESTMENTS LIMITED
 

CONTENTS



Page
Balance sheet
 
1 - 2
Notes to the financial statements
 
3 - 7


 
BMO INVESTMENTS LIMITED
REGISTERED NUMBER: 11837441

BALANCE SHEET
AS AT 28 FEBRUARY 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
3,137
5,031

Investment property
 5 
438,286
438,286

  
441,423
443,317

Current assets
  

Debtors
 6 
1,350
814

Cash at bank and in hand
  
9,590
9,934

  
10,940
10,748

Creditors: amounts falling due within one year
 7 
(7,026)
(6,391)

Net current assets
  
 
 
3,914
 
 
4,357

Total assets less current liabilities
  
445,337
447,674

Creditors: amounts falling due after more than one year
 8 
(441,240)
(439,418)

Provisions for liabilities
  

Other provisions
 9 
(784)
(956)

  
 
 
(784)
 
 
(956)

Net assets
  
3,313
7,300


Capital and reserves
  

Called up share capital 
  
3
3

Profit and loss account
  
3,310
7,297

  
3,313
7,300


Page 1

 
BMO INVESTMENTS LIMITED
REGISTERED NUMBER: 11837441
    
BALANCE SHEET (CONTINUED)
AS AT 28 FEBRUARY 2023

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 year 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 statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 13 November 2023.




G.A. Osborne
Director

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

Page 2

 
BMO INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

1.


General information

BMO Investments Limited (the company) is a private company limited by shares, incorporated and domiciled in England. The address of its registered office is 21 Woodside Way, Solihull, West Midlands,  B91 1HB.

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 following principal accounting policies have been applied:

 
2.2

Revenue

Turnover comprises revenue recognised by the company in respect of rental income receivable during the period.

 
2.3

Borrowing costs

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

 
2.4

Current and deferred taxation

The tax expense for the period comprises current and deferred tax. Tax is recognised in the Statement of income and retained earnings, except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

 
2.5

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.

Page 3

 
BMO INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

2.Accounting policies (continued)


2.5
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Fixtures and fittings
-
20%

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.

 
2.6

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.

 
2.7

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.

 
2.8

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.

 
2.9

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Balance sheet.

Page 4

 
BMO INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

2.Accounting policies (continued)

 
2.10

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 parties and investments in ordinary shares.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2022 - 3).


4.


Tangible fixed assets





Fixtures and fittings

£



Cost 


At 1 March 2022
9,468



At 28 February 2023

9,468



Depreciation


At 1 March 2022
4,437


Charge for the year on owned assets
1,894



At 28 February 2023

6,331



Net book value



At 28 February 2023
3,137



At 28 February 2022
5,031

Page 5

 
BMO INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

5.


Investment property


Investment property

£



Valuation


At 1 March 2022
438,286



At 28 February 2023
438,286

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



If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2023
2022
£
£


Historic cost
438,286
438,286


6.


Debtors

2023
2022
£
£


Other debtors
520
-

Prepayments and accrued income
830
814

1,350
814



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
4,875
1,500

Corporation tax
-
1,052

Accruals and deferred income
2,151
3,839

7,026
6,391


Page 6

 
BMO INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
162,712
160,890

Other creditors
278,528
278,528

441,240
439,418


The bank loans are secured on the assets of the company.

The aggregate amount of liabilities repayable wholly or in part more than five years after the balance sheet date is:

2023
2022
£
£


Repayable other than by instalments
162,712
160,890




9.


Deferred taxation




2023


£






At beginning of year
(956)


Charged to profit or loss
172



At end of year
(784)

The deferred tax balance is made up as follows:

2023
2022
£
£


Accelerated capital allowances
(784)
(956)

(784)
(956)

Comprising:

Liability
(784)
(956)

(784)
(956)


 
Page 7