Silverfin false false 31/12/2023 01/01/2023 31/12/2023 C N Burton 15/05/2018 D Chilvers 22/03/2023 R J Colbourne 15/05/2018 A G Marskell 29/09/2023 15/05/2018 K Wesley O'Neill 22/03/2023 W T Jackman Tooby 27/09/2018 E A B Webb 27/09/2018 22 August 2024 The principal activity of the Company during the financial year was that of a holding company. 11362364 2023-12-31 11362364 bus:Director1 2023-12-31 11362364 bus:Director2 2023-12-31 11362364 bus:Director3 2023-12-31 11362364 bus:Director4 2023-12-31 11362364 bus:Director5 2023-12-31 11362364 bus:Director6 2023-12-31 11362364 bus:Director7 2023-12-31 11362364 2022-12-31 11362364 core:CurrentFinancialInstruments 2023-12-31 11362364 core:CurrentFinancialInstruments 2022-12-31 11362364 core:Non-currentFinancialInstruments 2023-12-31 11362364 core:Non-currentFinancialInstruments 2022-12-31 11362364 core:ShareCapital 2023-12-31 11362364 core:ShareCapital 2022-12-31 11362364 core:CapitalRedemptionReserve 2023-12-31 11362364 core:CapitalRedemptionReserve 2022-12-31 11362364 core:RetainedEarningsAccumulatedLosses 2023-12-31 11362364 core:RetainedEarningsAccumulatedLosses 2022-12-31 11362364 core:CostValuation 2022-12-31 11362364 core:CostValuation 2023-12-31 11362364 core:SubsidiariesWithMaterialNon-controllingInterests core:Non-currentFinancialInstruments 2023-12-31 11362364 core:SubsidiariesWithMaterialNon-controllingInterests core:Non-currentFinancialInstruments 2022-12-31 11362364 bus:OrdinaryShareClass1 2023-12-31 11362364 bus:OrdinaryShareClass2 2023-12-31 11362364 2023-01-01 2023-12-31 11362364 bus:FilletedAccounts 2023-01-01 2023-12-31 11362364 bus:SmallEntities 2023-01-01 2023-12-31 11362364 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 11362364 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 11362364 bus:Director1 2023-01-01 2023-12-31 11362364 bus:Director2 2023-01-01 2023-12-31 11362364 bus:Director3 2023-01-01 2023-12-31 11362364 bus:Director4 2023-01-01 2023-12-31 11362364 bus:Director5 2023-01-01 2023-12-31 11362364 bus:Director6 2023-01-01 2023-12-31 11362364 bus:Director7 2023-01-01 2023-12-31 11362364 2022-01-01 2022-12-31 11362364 core:Non-currentFinancialInstruments 2023-01-01 2023-12-31 11362364 bus:OrdinaryShareClass1 2023-01-01 2023-12-31 11362364 bus:OrdinaryShareClass1 2022-01-01 2022-12-31 11362364 bus:OrdinaryShareClass2 2023-01-01 2023-12-31 11362364 bus:OrdinaryShareClass2 2022-01-01 2022-12-31 11362364 bus:PreferenceShareClass1 2023-01-01 2023-12-31 11362364 bus:PreferenceShareClass1 2022-01-01 2022-12-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 11362364 (England and Wales)

BGP HOLDINGS LIMITED

Unaudited Financial Statements
For the financial year ended 31 December 2023
Pages for filing with the registrar

BGP HOLDINGS LIMITED

Unaudited Financial Statements

For the financial year ended 31 December 2023

Contents

BGP HOLDINGS LIMITED

STATEMENT OF FINANCIAL POSITION

As at 31 December 2023
BGP HOLDINGS LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 December 2023
Note 2023 2022
£ £
Fixed assets
Investments 3 3,755,110 3,755,110
3,755,110 3,755,110
Current assets
Cash at bank and in hand 0 4,846
0 4,846
Creditors: amounts falling due within one year 4 0 ( 32,876)
Net current liabilities 0 (28,030)
Total assets less current liabilities 3,755,110 3,727,080
Creditors: amounts falling due after more than one year 5 ( 3,706,308) ( 2,373,654)
Net assets 48,802 1,353,426
Capital and reserves
Called-up share capital 6 8,370 1,147,852
Capital redemption reserve 1,630 0
Profit and loss account 38,802 205,574
Total shareholders' funds 48,802 1,353,426

For the financial year ending 31 December 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of BGP Holdings Limited (registered number: 11362364) were approved and authorised for issue by the Board of Directors on 22 August 2024. They were signed on its behalf by:

R J Colbourne
Director
BGP HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2023
BGP HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

BGP Holdings Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is The Bransford Webbs Plant Company, Bransford, Worcester, WR6 5JN, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Investments
Investments in non-convertible preference shares and non-puttable ordinary or preference shares (where shares are publicly traded or their fair value is reliably measurable) are measured at fair value through the Profit and Loss Account. Where fair value cannot be measured reliably, investments are measured at cost less impairment.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 6 5

3. Fixed asset investments

Investments in subsidiaries

2023
£
Cost
At 01 January 2023 3,755,110
At 31 December 2023 3,755,110
Carrying value at 31 December 2023 3,755,110
Carrying value at 31 December 2022 3,755,110

4. Creditors: amounts falling due within one year

2023 2022
£ £
Accruals 0 1,626
Other creditors 0 31,250
0 32,876

5. Creditors: amounts falling due after more than one year

2023 2022
£ £
Amounts owed to own subsidiaries 2,456,308 2,373,654
Other creditors 1,250,000 0
3,706,308 2,373,654

There are no amounts included above in respect of which any security has been given by the small entity.

6. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
5,110 Ordinary A shares of £ 1.00 each 5,110 5,110
3,260 Ordinary B shares of £ 1.00 each (2022: 4,890 shares of £ 1.00 each) 3,260 4,890
8,370 10,000
Nil Preference shares (2022: 1,137,852 shares of £ 1.00 each) 0 1,137,852
8,370 1,147,852

7. Related party transactions

Transactions with owners holding a participating interest in the entity

Dividends were declared during the year totalling £150,000.

Transactions with entities in which the entity itself has a participating interest

2023 2022
£ £
Amounts owed to subsidiaries 2,456,308 2,373,654