Caseware UK (AP4) 2022.0.179 2022.0.179 2023-01-312023-01-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false2022-02-01Property management, rental and development31falsetrue 04336141 2022-02-01 2023-01-31 04336141 2021-02-01 2022-01-31 04336141 2023-01-31 04336141 2022-01-31 04336141 2021-02-01 04336141 c:Director2 2022-02-01 2023-01-31 04336141 d:PlantMachinery 2022-02-01 2023-01-31 04336141 d:MotorVehicles 2022-02-01 2023-01-31 04336141 d:MotorVehicles 2023-01-31 04336141 d:MotorVehicles 2022-01-31 04336141 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-02-01 2023-01-31 04336141 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2022-02-01 2023-01-31 04336141 d:FurnitureFittings 2022-02-01 2023-01-31 04336141 d:FurnitureFittings 2023-01-31 04336141 d:FurnitureFittings 2022-01-31 04336141 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-02-01 2023-01-31 04336141 d:FurnitureFittings d:LeasedAssetsHeldAsLessee 2022-02-01 2023-01-31 04336141 d:OfficeEquipment 2022-02-01 2023-01-31 04336141 d:OfficeEquipment 2023-01-31 04336141 d:OfficeEquipment 2022-01-31 04336141 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-02-01 2023-01-31 04336141 d:OfficeEquipment d:LeasedAssetsHeldAsLessee 2022-02-01 2023-01-31 04336141 d:OwnedOrFreeholdAssets 2022-02-01 2023-01-31 04336141 d:LeasedAssetsHeldAsLessee 2022-02-01 2023-01-31 04336141 d:FreeholdInvestmentProperty 2022-02-01 2023-01-31 04336141 d:FreeholdInvestmentProperty 2023-01-31 04336141 d:FreeholdInvestmentProperty 2022-01-31 04336141 d:CurrentFinancialInstruments 2023-01-31 04336141 d:CurrentFinancialInstruments 2022-01-31 04336141 d:Non-currentFinancialInstruments 2023-01-31 04336141 d:Non-currentFinancialInstruments 2022-01-31 04336141 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 04336141 d:CurrentFinancialInstruments d:WithinOneYear 2022-01-31 04336141 d:Non-currentFinancialInstruments d:AfterOneYear 2023-01-31 04336141 d:Non-currentFinancialInstruments d:AfterOneYear 2022-01-31 04336141 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-01-31 04336141 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-01-31 04336141 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-01-31 04336141 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-01-31 04336141 d:ShareCapital 2023-01-31 04336141 d:ShareCapital 2022-01-31 04336141 d:CapitalRedemptionReserve 2023-01-31 04336141 d:CapitalRedemptionReserve 2022-01-31 04336141 d:InvestmentPropertiesRevaluationReserve 2023-01-31 04336141 d:InvestmentPropertiesRevaluationReserve 2022-01-31 04336141 d:RetainedEarningsAccumulatedLosses 2023-01-31 04336141 d:RetainedEarningsAccumulatedLosses 2022-01-31 04336141 c:OrdinaryShareClass1 2022-02-01 2023-01-31 04336141 c:OrdinaryShareClass1 2023-01-31 04336141 c:OrdinaryShareClass1 2022-01-31 04336141 c:OrdinaryShareClass2 2022-02-01 2023-01-31 04336141 c:OrdinaryShareClass2 2023-01-31 04336141 c:OrdinaryShareClass2 2022-01-31 04336141 c:OrdinaryShareClass3 2022-02-01 2023-01-31 04336141 c:OrdinaryShareClass3 2023-01-31 04336141 c:OrdinaryShareClass3 2022-01-31 04336141 c:OrdinaryShareClass4 2022-02-01 2023-01-31 04336141 c:OrdinaryShareClass4 2023-01-31 04336141 c:OrdinaryShareClass4 2022-01-31 04336141 c:FRS102 2022-02-01 2023-01-31 04336141 c:AuditExempt-NoAccountantsReport 2022-02-01 2023-01-31 04336141 c:FullAccounts 2022-02-01 2023-01-31 04336141 c:PrivateLimitedCompanyLtd 2022-02-01 2023-01-31 04336141 d:HirePurchaseContracts d:WithinOneYear 2023-01-31 04336141 d:HirePurchaseContracts d:WithinOneYear 2022-01-31 04336141 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-01-31 04336141 d:HirePurchaseContracts d:BetweenOneFiveYears 2022-01-31 04336141 d:AcceleratedTaxDepreciationDeferredTax 2023-01-31 04336141 d:AcceleratedTaxDepreciationDeferredTax 2022-01-31 04336141 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-01-31 04336141 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2022-01-31 04336141 d:LeasedAssetsHeldAsLessee 2023-01-31 04336141 d:LeasedAssetsHeldAsLessee 2022-01-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 04336141









BEMKAT HOLDINGS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JANUARY 2023

 
BEMKAT HOLDINGS LIMITED
REGISTERED NUMBER: 04336141

BALANCE SHEET
AS AT 31 JANUARY 2023

2023
2022
                                                                    Note
£
£

Fixed assets
  

Tangible assets
 4 
38,478
2,941

Investment property
 5 
4,757,310
4,678,098

  
4,795,788
4,681,039

Current assets
  

Work in Progress
 6 
280,777
280,777

Debtors: amounts falling due within one year
 7 
131,389
16,346

Cash at bank and in hand
 8 
384,857
315,557

  
797,023
612,680

Creditors: amounts falling due within one year
 9 
(149,585)
(120,997)

Net current assets
  
 
 
647,438
 
 
491,683

Total assets less current liabilities
  
5,443,226
5,172,722

Creditors: amounts falling due after more than one year
 10 
(470,813)
(472,342)

Provisions for liabilities
  

Deferred tax
 13 
(341,514)
(341,514)

Net assets
  
4,630,899
4,358,866


Capital and reserves
  

Called up share capital 
 14 
27,160
27,160

Capital redemption reserve
  
1,940
1,940

Investment property reserve
  
2,885,468
2,885,468

Profit and loss account
  
1,716,331
1,444,298

  
4,630,899
4,358,866


Page 1

 
BEMKAT HOLDINGS LIMITED
REGISTERED NUMBER: 04336141
    
BALANCE SHEET (CONTINUED)
AS AT 31 JANUARY 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 comprehensive income 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 by 




M O Tary
Director

Date: 18 January 2024

Page 2

 
BEMKAT HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

1.


General information

The company is a limited company incorporated in England and Wales. The registered office of the company is 90 Brixton Hill, London, SW21QN. The principal activity of the company is that of property  investment, rental and development.

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

Turnover

Turnover comprises revenue recognised by the company in respect of net invoiced rent, exclusive of Value Added Tax.

 
2.3

Leased assets: the company as lessee

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired by finance lease are depreciated over the shorter of the lease term and their useful lives. Assets acquired by hire purchase are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to profit or loss so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

 
2.4

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of comprehensive income in the same period as the related expenditure.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 3

 
BEMKAT HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

2.Accounting policies (continued)

 
2.6

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss 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.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.

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; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.7

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.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on the following bases:


Motor vehicles
-
25%
Reducing balance
Fixtures and fittings
-
20%
Straight line
Office equipment
-
20%
Straight line

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.

Page 4

 
BEMKAT HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

2.Accounting policies (continued)

  
2.8

Investment property

Investment property is carried at fair value determined annually either by external valuers or the directors 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 the Statement of comprehensive income.

 
2.9

Stocks

Stock of development land is stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase of development land or on the cost of transfer from investment property. 
At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.10

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.
Payments made are charged to the provision carried in the Balance sheet.

 
2.11

Financial instruments

The company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2022 - 1).

Page 5

 
BEMKAT HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

4.


Tangible fixed assets





Motor vehicles
Fixtures and fittings
Office equipment
Total

£
£
£
£



Cost or valuation


At 1 February 2022
-
2,441
1,127
3,568


Additions
43,103
-
333
43,436



At 31 January 2023

43,103
2,441
1,460
47,004



Depreciation


At 1 February 2022
-
444
183
627


Charge for the year on owned assets
-
479
236
715


Charge for the year on financed assets
7,184
-
-
7,184



At 31 January 2023

7,184
923
419
8,526



Net book value



At 31 January 2023
35,919
1,518
1,041
38,478



At 31 January 2022
-
1,997
944
2,941

The net book value of assets held under finance leases or hire purchase contracts, included above, is as follows:


2023
2022
£
£



Motor vehicles
35,919
-

35,919
-

Page 6

 
BEMKAT HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

5.


Investment property


Freehold investment property

£



Valuation


At 1 February 2022
4,678,098


Additions at cost
79,212



At 31 January 2023
4,757,310

The 2023 valuations were made by the directors following a valuation made by Harrisons Chartered Surveyors in 2018, on an open market value for existing use basis. There has been no change in value and additions in the year of £79,212 (2022: £39,167) have been included at cost.

2023
2022
£
£

Revaluation reserves


At 1 February 2022
2,885,468
2,885,468

At 31 January 2023
2,885,468
2,885,468





6.


Work in Progress

2023
2022
£
£

Development land
280,777
280,777



7.


Debtors

2023
2022
£
£


Trade debtors
131,389
16,346


Page 7

 
BEMKAT HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

8.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
384,857
315,557



9.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
35,927
36,252

Trade creditors
11,594
12,838

Corporation tax
75,948
52,770

Other taxation and social security
9,285
11,570

Obligations under finance lease and hire purchase contracts
5,791
-

Other creditors
3,757
284

Accruals and deferred income
7,283
7,283

149,585
120,997



10.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
436,740
472,342

Net obligations under finance leases and hire purchase contracts
34,073
-

470,813
472,342


Obligations under hire purchase contracts are secured on the assets to which they relate.
The bank loan is secured by a charge over investment property. The bank loan is repayable over five
years with an enhanced payment at the end of the term. Interest is charged at 3% above base rate.

Page 8

 
BEMKAT HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

11.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
35,927
36,252

Amounts falling due 1-2 years

Bank loans
35,927
36,252

Amounts falling due 2-5 years

Bank loans
400,813
436,090


472,667
508,594



12.


Hire purchase and finance leases


Minimum payments due under hire purchase contracts fall due as follows:

2023
2022
£
£


Within one year
5,791
-

Between 1-5 years
34,074
-

39,865
-

Page 9

 
BEMKAT HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

13.


Deferred taxation




2023
2022


£

£






At beginning of year
(341,514)
(259,551)


Charged to the profit or loss
-
(81,963)



At end of year
(341,514)
(341,514)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Capital gains on revaluation of investment properties
(341,514)
(341,514)

(341,514)
(341,514)


14.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



2,910 (2022 - 2,910) Ordinary "A" shares of £1.00 each
2,910
2,910
11,640 (2022 - 11,640) Ordinary "B" shares of £1.00 each
11,640
11,640
11,640 (2022 - 11,640) Ordinary "C" shares of £1.00 each
11,640
11,640
970 (2022 - 970) Ordinary "D" shares of £1.00 each
970
970

27,160

27,160


 
Page 10