Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-312023-01-01falseInvestment holding company22falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 02225635 2023-01-01 2023-12-31 02225635 2022-01-01 2022-12-31 02225635 2023-12-31 02225635 2022-12-31 02225635 c:Director2 2023-01-01 2023-12-31 02225635 d:Buildings 2023-01-01 2023-12-31 02225635 d:Buildings 2023-12-31 02225635 d:Buildings 2022-12-31 02225635 d:Buildings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 02225635 d:CurrentFinancialInstruments 2023-12-31 02225635 d:CurrentFinancialInstruments 2022-12-31 02225635 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 02225635 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 02225635 d:ShareCapital 2023-12-31 02225635 d:ShareCapital 2022-12-31 02225635 d:RetainedEarningsAccumulatedLosses 2023-12-31 02225635 d:RetainedEarningsAccumulatedLosses 2022-12-31 02225635 c:FRS102 2023-01-01 2023-12-31 02225635 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 02225635 c:FullAccounts 2023-01-01 2023-12-31 02225635 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 02225635 6 2023-01-01 2023-12-31 02225635 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure
Registered Number:02225635













BHI INVESTMENTS LIMITED




UNAUDITED

FINANCIAL STATEMENTS
 
PAGES FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023











 
BHI INVESTMENTS LIMITED
 


CONTENTS



Page
Balance Sheet
1 - 2
Notes to the Financial Statements
3 - 8



 
BHI INVESTMENTS LIMITED
REGISTERED NUMBER:02225635


BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,130,194
1,150,450

Investments
 5 
2,603,469
1,560,497

  
3,733,663
2,710,947

Current assets
  

Debtors: amounts falling due within one year
 6 
804,873
163

Current asset investments
 7 
-
2,554,118

Cash at bank and in hand
  
2,181,639
400,222

  
2,986,512
2,954,503

Creditors: amounts falling due within one year
 8 
(1,543,936)
(643,439)

Net current assets
  
 
 
1,442,576
 
 
2,311,064

Total assets less current liabilities
  
5,176,239
5,022,011

Provisions for liabilities
  

Other provisions
  
(8,073)
-

  
 
 
(8,073)
 
 
-

Net assets
  
5,168,166
5,022,011


Capital and reserves
  

Called up share capital 
  
1,000
1,000

Profit and loss account
  
5,167,166
5,021,011

  
5,168,166
5,022,011



- 1 -



 
BHI INVESTMENTS LIMITED
REGISTERED NUMBER:02225635

    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 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 on 30 August 2024.




Mr S D Taylor
Director

The notes on pages 3 to 8 form part of these financial statements.


- 2 -



 
BHI INVESTMENTS LIMITED
 

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

1.


General information

BHI Investments Limited is a private company limited by share capital incorporated in England and Wales. Its registered office is 1 Holywells Road, Ipswich, Suffolk IP3 0DL. 
Its principal activity continued to be that of an investment holding company. 

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Exemption from preparing consolidated financial statements

The Company, and the Group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and Group are considered eligible for the exemption to prepare consolidated accounts.

  
2.3

Turnover - rental and commission income

Turnover  is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts and rebates.

 
2.4

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.


- 3 -



 
BHI INVESTMENTS LIMITED
 

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

2.Accounting policies (continued)

 
2.5

Taxation

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.

 
2.6

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.

Land is not depreciated. Depreciation on other assets is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Buildings
-
Straight line over 50 years

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.

Investment properties rented to another group entity are accounted for within tangible fixed assets under the cost model.


- 4 -



 
BHI INVESTMENTS LIMITED
 

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

2.Accounting policies (continued)

 
2.7

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

  
2.8

Current asset investments

Investments are included at fair value.

 
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

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Short term debtors (financial assets) are measured at the transaction price, except for listed investments which are measured at fair value through profit and loss.
Short term creditors (financial liabilities) are measured at the transaction price. 

  
2.11

Interest income

Interest income is recognised in the Profit and Loss Account using the effective interest method. 


3.


Employees




The average monthly number of employees, including directors, during the year was 2 (2022 - 2).


- 5 -



 
BHI INVESTMENTS LIMITED
 

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

4.


Tangible fixed assets





Freehold property

£



Cost or valuation


At 1 January 2023
1,309,130



At 31 December 2023

1,309,130



Depreciation


At 1 January 2023
158,680


Charge for the year on owned assets
20,256



At 31 December 2023

178,936



Net book value



At 31 December 2023
1,130,194



At 31 December 2022
1,150,450


- 6 -



 
BHI INVESTMENTS LIMITED
 

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

5.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 January 2023
1,560,497


Additions
1,042,972



At 31 December 2023
2,603,469




Brochure Holders International Limited is a wholly owned subsidiary. Its registered office is 1 Holywells Road, Ipswich, Suffolk, England, IP3 0DL. Brochure Holders International Limited was incorporated on 15 December 2017 and commenced trading on 1 May 2018.
Taymar Real Estate Operation Sole Shareholder PC is a wholly owned subsidiary. Its registered office is the municipality of Glyfada, Attica. Taymar Real Estate Operation Sole Shareholder PC was incorporated on 14 December 2020. 


6.


Debtors

2023
2022
£
£


Amounts owed by group undertakings
669,036
-

Prepayments
135,837
163

804,873
163



7.


Current asset investments

2023
2022
£
£

Investments
-
2,554,118

-
2,554,118



- 7 -



 
BHI INVESTMENTS LIMITED
 

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

8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Corporation tax
28,986
22,213

Other taxation and social security
77,909
3,989

Other creditors
1,437,041
617,237

1,543,936
643,439


 

- 8 -