Caseware UK (AP4) 2022.0.179 2022.0.179 2023-07-312023-07-31falseNo description of principal activityThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2true2022-08-012true 13500987 2022-08-01 2023-07-31 13500987 2021-07-08 2022-07-31 13500987 2023-07-31 13500987 2022-07-31 13500987 c:Director1 2022-08-01 2023-07-31 13500987 d:CurrentFinancialInstruments 2023-07-31 13500987 d:CurrentFinancialInstruments 2022-07-31 13500987 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 13500987 d:CurrentFinancialInstruments d:WithinOneYear 2022-07-31 13500987 d:ShareCapital 2023-07-31 13500987 d:ShareCapital 2022-07-31 13500987 d:RetainedEarningsAccumulatedLosses 2023-07-31 13500987 d:RetainedEarningsAccumulatedLosses 2022-07-31 13500987 c:OrdinaryShareClass1 2022-08-01 2023-07-31 13500987 c:OrdinaryShareClass1 2023-07-31 13500987 c:OrdinaryShareClass1 2022-07-31 13500987 c:FRS102 2022-08-01 2023-07-31 13500987 c:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 13500987 c:FullAccounts 2022-08-01 2023-07-31 13500987 c:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 13500987









BPM XR LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JULY 2023

 
BPM XR LTD
REGISTERED NUMBER: 13500987

STATEMENT OF FINANCIAL POSITION
AS AT 31 JULY 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 5 
-
116,735

Cash at bank and in hand
  
47,310
1

  
47,310
116,736

Creditors: amounts falling due within one year
 6 
(1,000)
(69,320)

Net current assets
  
 
 
46,310
 
 
47,416

Total assets less current liabilities
  
46,310
47,416

  

Net assets
  
46,310
47,416


Capital and reserves
  

Called up share capital 
 7 
1
1

Profit and loss account
  
46,309
47,415

  
46,310
47,416


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 17 April 2024.



A Cowan
Director

The notes on pages 2 to 4 form part of these financial statements.

Page 1

 
BPM XR LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

1.


General information

BPM XR Ltd is a private company limited by shares and registered in England & Wales.  The address of its registered office is 124 Finchley Road, London, NW3 5JS. 

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

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.
Revenue comprises production income and is recognised in the Statement of Income and Retained Earnings in the period it is contractually due and expended on production and other costs.

 
2.3

Taxation

Tax is recognised in the Statement of Income and Retained Earnings. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.
The Company is eligible to claim a tax credit on production costs; the tax credit comprises relief based on total net costs and an additional deduction for enhanceable expenditure. The Company claims a payment based on the amount of enhanced expenditure and carries losses arising from total net costs forward against future profits.

 
2.4

Debtors

Short term debtors are measured at the transaction price, less any impairment.

 
2.5

Creditors

Short term creditors are measured at the transaction price, less any impairment.

Page 2

 
BPM XR LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

2.Accounting policies (continued)

 
2.6

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.


3.


Judgments in applying accounting policies 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 for assets and liabilities as at the reporting date and the amounts reported for revenues and expenses during the period. However, the nature of estimation means that actual outcomes could differ from those estimates.
Accruals
The company makes an estimate of accruals at the reporting date based on invoices received after the period end and work undertaken which has not been invoiced based on quotations or estimates of amounts that may be due for payment.


4.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).


5.


Debtors

2023
2022
£
£


Other debtors
-
4,186

Tax recoverable
-
112,549

-
116,735



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other creditors
-
63,650

Accruals and deferred income
1,000
5,670

1,000
69,320


Page 3

 
BPM XR LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

7.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



1 (2022 - 1) Ordinary share of £1.00
1
1



8.


Related party transactions

The company is exempt from disclosing related party transactions with companies that are wholly owned within the group. The company has not entered into any other transactions with related parties that are material and that have not been concluded under normal market conditions.


9.


Controlling party

The immediate parent company is East City Films Ltd, a company incorporated in England. 

 
Page 4