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COMPANY REGISTRATION NUMBER: 09822839
BJM Holding Company Ltd
Filleted Unaudited Financial Statements
31 December 2022
BJM Holding Company Ltd
Financial Statements
Year ended 31 December 2022
Contents
Page
Statement of financial position
1
Notes to the financial statements
2
BJM Holding Company Ltd
Statement of Financial Position
31 December 2022
2022
2021
Note
£
£
Fixed assets
Investments
4
1,074,480
1,074,480
Current assets
Debtors
5
180,037
129,000
Cash at bank and in hand
29,213
84,417
---------
---------
209,250
213,417
Creditors: amounts falling due within one year
6
1,138,558
1,094,667
------------
------------
Net current liabilities
929,308
881,250
------------
------------
Total assets less current liabilities
145,172
193,230
---------
---------
Net assets
145,172
193,230
---------
---------
Capital and reserves
Called up share capital
7
1
1
Profit and loss account
145,171
193,229
---------
---------
Shareholders funds
145,172
193,230
---------
---------
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 statement of income and retained earnings has not been delivered.
For the year ending 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's 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 director acknowledges her 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 29 September 2023 , and are signed on behalf of the board by:
Mrs B J Bagnall
Director
Company registration number: 09822839
BJM Holding Company Ltd
Notes to the Financial Statements
Year ended 31 December 2022
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 29 Waterloo Road, Wolverhampton, West Midlands, WV1 4DJ.
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, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
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.
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
Shares in group undertakings
£
Cost
At 1 January 2022 and 31 December 2022
1,074,480
------------
Impairment
At 1 January 2022 and 31 December 2022
------------
Carrying amount
At 31 December 2022
1,074,480
------------
At 31 December 2021
1,074,480
------------
5. Debtors
2022
2021
£
£
Other debtors
180,037
129,000
---------
---------
6. Creditors: amounts falling due within one year
2022
2021
£
£
Amounts owed to group undertakings
1,135,489
1,090,513
Other creditors
3,069
4,154
------------
------------
1,138,558
1,094,667
------------
------------
The loan from group undertakings is repayable on demand.
7. Called up share capital
Issued, called up and fully paid
2022
2021
No
£
No
£
Ordinary shares of £ 1 each
1
1
1
1
---------
---------
---------
---------
8. Director's advances, credits and guarantees
At the financial year end Mrs B J Bagnall owed the company £180,037 (2021:£129,000).
9. Related party transactions
The company was under the control of Mrs B J Bagnall throughout the current and previous year. Residentsline Ltd is a subsidiary company of BJM Holding Company Ltd . At the year end BJM Holding Company Ltd owed £1,135,490 (2021: £1,090,512) to Residentsline Ltd.