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REGISTERED NUMBER: 10498727 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 March 2024

for

BFOM Limited

BFOM Limited (Registered number: 10498727)

Contents of the Financial Statements
for the Year Ended 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BFOM Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: S A Causer
W Smith
Mrs D Causer
Mrs S Smith





REGISTERED OFFICE: 3rd Floor Manor House
1 The Crescent
Leatherhead
Surrey
KT22 8DY





REGISTERED NUMBER: 10498727 (England and Wales)





ACCOUNTANTS: Mulberry & Co
Chartered Certified Accountants
& Chartered Tax Advisers
C/O Mulberry & Co
Eastgate House
Dogflud Way
Farnham
Surrey
GU9 7UD

BFOM Limited (Registered number: 10498727)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 286,425 154,598
Investments 5 1,669,636 2,065,000
1,956,061 2,219,598

CURRENT ASSETS
Debtors 6 101 3,625
Prepayments and accrued income - 20,000
Cash at bank and in hand 336 86,430
437 110,055
CREDITORS
Amounts falling due within one year 7 (172,846 ) (85,334 )
NET CURRENT (LIABILITIES)/ASSETS (172,409 ) 24,721
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,783,652

2,244,319

CREDITORS
Amounts falling due after more than one
year

8

(107,563

)

-

ACCRUALS AND DEFERRED INCOME (500 ) (500 )
NET ASSETS 1,675,589 2,243,819

CAPITAL AND RESERVES
Called up share capital 101 101
Revaluation reserve 9 314,636 -
Retained earnings 1,360,852 2,243,718
SHAREHOLDERS' FUNDS 1,675,589 2,243,819

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

BFOM Limited (Registered number: 10498727)

Balance Sheet - continued
31 March 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 July 2024 and were signed on its behalf by:




S A Causer - Director



W Smith - Director


BFOM Limited (Registered number: 10498727)

Notes to the Financial Statements
for the Year Ended 31 March 2024


1. STATUTORY INFORMATION

BFOM Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Investments in shares
Investments in shares are included at fair value being cost less impairment.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

BFOM Limited (Registered number: 10498727)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023 154,598 - 154,598
Additions - 175,770 175,770
At 31 March 2024 154,598 175,770 330,368
DEPRECIATION
Charge for year - 43,943 43,943
At 31 March 2024 - 43,943 43,943
NET BOOK VALUE
At 31 March 2024 154,598 131,827 286,425
At 31 March 2023 154,598 - 154,598

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 April 2023 2,065,000
Disposals (710,000 )
Revaluations 314,636
At 31 March 2024 1,669,636
NET BOOK VALUE
At 31 March 2024 1,669,636
At 31 March 2023 2,065,000

Cost or valuation at 31 March 2024 is represented by:

Other
investments
£   
Valuation in 2024 314,636
Cost 1,355,000
1,669,636

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Amounts owed by group undertakings 101 3,625

BFOM Limited (Registered number: 10498727)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts 17,472 -
Trade creditors 101 253
Amounts owed to group undertakings 150,000 50,000
Taxation and social security 5,273 35,081
172,846 85,334

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts 107,563 -

9. RESERVES
Revaluation
reserve
£   
Investment revaluation 314,636

At 31 March 2024 314,636