B&M CAPITAL INVESTMENT LTD |
Registered number: |
09660873 |
Director's Report |
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The director presents his report and accounts for the year ended 30 June 2023. |
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Principal activities |
The company's principal activity during the year continued to be that of a close investment holding company. |
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Directors |
The following persons served as directors during the year: |
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Dusan Sztojanovics |
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Vivien Risko (Appointed on 01/03/2023, Resigned on 31/05/2023) |
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Small company provisions |
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
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This report was approved by the board on 22 April 2024 and signed on its behalf. |
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Dusan Sztojanovics |
Director |
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B&M CAPITAL INVESTMENT LTD |
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Report to the director on the preparation of the unaudited statutory accounts of B&M CAPITAL INVESTMENT LTD for the year ended 30 June 2023 |
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of B&M CAPITAL INVESTMENT LTD for the year ended 30 June 2023 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company’s accounting records and from information and explanations you have given us. |
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://rulebook.accaglobal.com/ |
Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. |
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Britannia Accountancy Services |
Chartered Certified Accountants |
12 Mulberry Place |
Pinnell Road |
LONDON |
SE9 6AR |
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22 April 2024 |
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B&M CAPITAL INVESTMENT LTD |
Registered number: |
09660873 |
Balance Sheet |
as at 30 June 2023 |
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Notes |
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2023 |
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2022 |
£ |
£ |
Fixed assets |
Fixed asset Investments beneficially owned |
3 |
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439,315 |
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- |
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Current assets |
Debtors |
4 |
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- |
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10,000 |
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Creditors: amounts falling due within one year |
5 |
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(1,350) |
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- |
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Net current (liabilities)/assets |
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(1,350) |
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10,000 |
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Total assets less current liabilities |
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437,965 |
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10,000 |
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Creditors: amounts falling due after more than one year |
6 |
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(419,315) |
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- |
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Net assets |
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18,650 |
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10,000 |
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Capital and reserves |
Called up share capital |
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20,000 |
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10,000 |
Profit and loss account |
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(1,350) |
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- |
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Shareholder's funds |
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18,650 |
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10,000 |
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The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
The member has not required the company to obtain an audit in accordance with section 476 of the Act. |
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
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Dusan Sztojanovics |
Director |
Approved by the board on 22 April 2024 |
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B&M CAPITAL INVESTMENT LTD |
Notes to the Accounts |
for the year ended 30 June 2023 |
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1 |
Accounting policies |
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Basis of preparation |
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The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
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Investments |
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Investments in unquoted equity instruments are measured at fair value. Changes in fair value are recognised in profit or loss. Fair value is estimated by using a valuation technique. |
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Creditors |
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Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
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Taxation |
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A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. |
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Provisions |
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Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably. |
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Foreign currency translation |
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Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss. |
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Going concern |
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B&M Capital Investment Ltd is fundamentally different from other companies in that, with respect to its primary business, it does not provide goods or services and has no customers other than its shareholders. Rather, it functions as an investment vehicle for its investors. |
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The financial statements are normally prepared on the assumption that an entity will continue in operation for the foreseeable future. Hence, it is assumed that the entity has neither the intention nor the need to liquidate or curtail materially the scale of its operations; if such an intention or need exists, the financial statements may have to be prepared on a different basis. |
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No material uncertainties that may cast significant doubt about the ability of the company to continue as a going concern have been identified by the director. As a result he has adopted the going concern basis of accounting. |
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2 |
Employees |
2023 |
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2022 |
Number |
Number |
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Average number of persons employed by the company |
- |
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- |
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3 |
Investments |
Investments in |
subsidiary |
Other |
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Fixed asset investments |
undertakings |
investments |
Total |
£ |
£ |
£ |
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2brothers Immo Kft |
6,455 |
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6,455 |
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Bereg Immo Invest Kft |
96,825 |
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96,825 |
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S-Investor Immo Kft |
47,113 |
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47,113 |
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N21 Investments Kft |
6,442 |
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6,442 |
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MSH International LLC |
24,742 |
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24,742 |
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Altegio Europe Kft |
257,738 |
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257,738 |
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128,009 |
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311,306 |
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439,315 |
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4 |
Debtors |
2023 |
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2022 |
£ |
£ |
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Other debtors |
- |
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10,000 |
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5 |
Creditors: amounts falling due within one year |
2023 |
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2022 |
£ |
£ |
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Accrued expenses |
1,350 |
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- |
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6 |
Creditors: amounts falling due after one year |
2023 |
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2022 |
£ |
£ |
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Directors' current account |
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419,315 |
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- |
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7 |
Controlling party |
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Dusan Sztojanovics is both the immediate and ultimate controlling party. |
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8 |
Other information |
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B&M CAPITAL INVESTMENT LTD is a private company limited by shares and incorporated in England. Its registered office is at: |
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14 St. Andrews Avenue, Wembley, HA0 2QD |