BICO Developments Ltd 09756965 false 2022-04-01 2023-03-31 2023-03-31 The principal activity of the company is The company has not traded during the period. Digita Accounts Production Advanced 6.30.9574.0 true false true 09756965 2022-04-01 2023-03-31 09756965 2023-03-31 09756965 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 09756965 bus:SmallEntities 2022-04-01 2023-03-31 09756965 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 09756965 bus:FullAccounts 2022-04-01 2023-03-31 09756965 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 09756965 bus:RegisteredOffice 2022-04-01 2023-03-31 09756965 bus:Director1 2022-04-01 2023-03-31 09756965 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 09756965 1 2022-04-01 2023-03-31 09756965 countries:England 2022-04-01 2023-03-31 09756965 2021-04-01 2022-03-31 09756965 2022-03-31 09756965 core:CurrentFinancialInstruments core:WithinOneYear 2022-03-31 iso4217:GBP xbrli:pure

Registration number: 09756965

BICO Developments Ltd

Unaudited Financial Statements

for the Year Ended 31 March 2023

 

BICO Developments Ltd

Contents

Statement of Financial Position

1

Notes to the Unaudited Financial Statements

2 to 3

 

BICO Developments Ltd

(Registration number: 09756965)
Statement of Financial Position as at 31 March 2023

Note

2023
£

2022
£

Current assets

 

Cash at bank and in hand

 

25

21

Creditors: Amounts falling due within one year

5

(160)

(385)

Net liabilities

 

(135)

(364)

Capital and reserves

 

Called up share capital

1

1

Retained earnings

(136)

(365)

Shareholders' deficit

 

(135)

(364)

For the financial year ending 31 March 2023 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 accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the director on 18 December 2023
 

.........................................
Mr W Mulholland
Director

   
     
 

BICO Developments Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

1

General information

The company is a private company limited by share capital, incorporated in England.

The company was formerly known as BIAD Developments Limited.

The address of its registered office is:
C/o Beever and Struthers
One Express
1 George Leigh Street
Manchester
M4 5DL
England

These financial statements were authorised for issue by the director on 18 December 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

At the balance sheet date, the company's liabilities exceeded its assets. The company has a good working relationship with its creditors and received assurances from its parent company that they will continue to give financial support to the company for a period not less than twelve months from the date of signing these financial statements.

On this basis, the directors consider it appropriate to prepare the accounts on the going concern basis. However, should the financial support mentioned above not be forthcoming the going concern basis used in preparing the company's accounts may be invalid and adjustments would have to be made to reduce the value of assets to their realisable amount and provide for any further liabilities which might arise. The accounts do not include any adjustment to the company's assets or liabilities that might be necessary should this basis not continue to be appropriate.

Due to the current unprecedented market and economic conditions in the United Kingdom and internationally, the expected impact of the COVID-19 pandemic on the Company’s operations cannot be reasonably estimated.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2022 - 2).

 

BICO Developments Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

4

Debtors

Current

2023
£

2022
£

 

-

-

5

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Amounts owed to group undertakings and undertakings in which the company has a participating interest

60

285

Other creditors

 

100

100

 

160

385

6

Parent and ultimate parent undertaking

The company's immediate parent is BICO Group Limited, incorporated in England.

  The Registered Office of the parent is C/O Beever and Struthers, One Express, 1 George Leigh Street, Manchester, England, M4 5DL.