Caseware UK (AP4) 2022.0.179 2022.0.179 2023-12-312023-12-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-01-01false11truetrue 11378033 2023-01-01 2023-12-31 11378033 2022-01-01 2022-12-31 11378033 2023-12-31 11378033 2022-12-31 11378033 c:Director1 2023-01-01 2023-12-31 11378033 d:FreeholdInvestmentProperty 2023-12-31 11378033 d:FreeholdInvestmentProperty 2022-12-31 11378033 d:FreeholdInvestmentProperty 2 2023-01-01 2023-12-31 11378033 d:CurrentFinancialInstruments 2023-12-31 11378033 d:CurrentFinancialInstruments 2022-12-31 11378033 d:Non-currentFinancialInstruments 2023-12-31 11378033 d:Non-currentFinancialInstruments 2022-12-31 11378033 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 11378033 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 11378033 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 11378033 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 11378033 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-12-31 11378033 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-12-31 11378033 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-12-31 11378033 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-12-31 11378033 d:ShareCapital 2023-12-31 11378033 d:ShareCapital 2022-12-31 11378033 d:RetainedEarningsAccumulatedLosses 2023-12-31 11378033 d:RetainedEarningsAccumulatedLosses 2022-12-31 11378033 c:FRS102 2023-01-01 2023-12-31 11378033 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 11378033 c:FullAccounts 2023-01-01 2023-12-31 11378033 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 11378033 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2023-12-31 11378033 2 2023-01-01 2023-12-31 11378033 6 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure
Registered number: 11378033









BLV HOLDINGS LIMITED

UNAUDITED

FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023


 
BLV HOLDINGS LIMITED
REGISTERED NUMBER: 11378033

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
 4 
7
7

Investment property
 5 
2,286,000
2,023,828

Current assets
  

Cash at bank and in hand
  
5,047
36,608

  
5,047
36,608

Creditors: amounts falling due within one year
 6 
(450,722)
(330,465)

Net current liabilities
  
 
 
(445,675)
 
 
(293,857)

Total assets less current liabilities
  
1,840,332
1,729,978

Creditors: amounts falling due after more than one year
 7 
(94,610)
(380,100)

Provisions for liabilities
  

Deferred tax
  
(65,544)
-

  
 
 
(65,544)
 
 
-

Net assets
  
1,680,178
1,349,878


Capital and reserves
  

Called up share capital 
  
15
15

Profit and loss account
  
1,680,163
1,349,863

  
1,680,178
1,349,878


Page 1

 
BLV HOLDINGS LIMITED
REGISTERED NUMBER: 11378033

BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

The director considers 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 period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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 by: 






I F M Amato
Director

Date: 12 March 2024

Page 2

 
BLV HOLDINGS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

1.


General information

BLV Holdings Limited is a private company, limited by shares, incorporated in England and Wales, registration number 11378033. The registered office is 24 Old Bond Street, Mayfair, London, W1S 4AP. The company is the parent of a small group.

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. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

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.

 
2.5

Borrowing costs

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

Page 3

 
BLV HOLDINGS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.6

Current and deferred taxation

The tax expense for the period 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

Investment property

Investment property is carried at fair value determined annually by the director 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.

 
2.8

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.10

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.

Page 4

 
BLV HOLDINGS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.11

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.12

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.

Financial instruments are recognised in the Company's Balance Sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Impairment of financial assets

Financial assets are assessed for indicators of impairment at each reporting date. 

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.



 
Page 5

 
BLV HOLDINGS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

2.Accounting policies (continued)


2.12
Financial instruments (continued)


Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Derecognition of financial instruments

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.

 
2.13

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

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

Page 6

 
BLV HOLDINGS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

4.


Fixed asset investments





Investments in subsidiary companies
Other fixed asset investments
Total

£
£
£



Cost


At 1 January 2023
5
2
7



At 31 December 2023
5
2
7





5.


Investment property


Freehold investment property

£



Valuation


At 1 January 2023
2,023,828


Surplus on revaluation
262,172



At 31 December 2023
2,286,000

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





6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other loans
111,903
99,413

Trade creditors
1,022
1,893

Amounts owed to group undertakings
218,550
218,550

Corporation tax
8,807
4,883

Other taxation and social security
7,898
3,746

Other creditors
100,000
-

Accruals and deferred income
2,542
1,980

450,722
330,465


Included within creditors is £206,513 (2022 - £479,513) secured via a fixed and floating charge on one of the company's investment properties. 

Page 7

 
BLV HOLDINGS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Other loans
94,610
380,100



8.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Other loans
111,903
99,413

Amounts falling due 1-2 years

Other loans
94,610
108,670

Amounts falling due 2-5 years

Other loans
-
271,430


206,513
479,513



9.


Related party transactions

During the year the company operated a loan account with the director. The balance due to him at the
year end was £100,000 (2022 - £Nil). The loan is interest free and repayable on demand.


Page 8