Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31truefalsefalseholding companyfalse2023-01-0133 13197247 2023-01-01 2023-12-31 13197247 2022-01-01 2022-12-31 13197247 2023-12-31 13197247 2022-12-31 13197247 c:Director1 2023-01-01 2023-12-31 13197247 d:CurrentFinancialInstruments 2023-12-31 13197247 d:CurrentFinancialInstruments 2022-12-31 13197247 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 13197247 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 13197247 d:ShareCapital 2023-12-31 13197247 d:ShareCapital 2022-12-31 13197247 d:CapitalRedemptionReserve 2023-12-31 13197247 d:CapitalRedemptionReserve 2022-12-31 13197247 d:RetainedEarningsAccumulatedLosses 2023-12-31 13197247 d:RetainedEarningsAccumulatedLosses 2022-12-31 13197247 c:OrdinaryShareClass1 2023-01-01 2023-12-31 13197247 c:OrdinaryShareClass1 2023-12-31 13197247 c:OrdinaryShareClass1 2022-12-31 13197247 c:FRS102 2023-01-01 2023-12-31 13197247 c:Audited 2023-01-01 2023-12-31 13197247 c:FullAccounts 2023-01-01 2023-12-31 13197247 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 13197247 c:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 13197247 6 2023-01-01 2023-12-31 13197247 e:PoundSterling 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 13197247










BGN GROUP LTD










FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
BGN GROUP LTD
REGISTERED NUMBER: 13197247

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
 4 
4,539
4,537

  

Current assets
  

Debtors: amounts falling due within one year
 5 
4,969
4,479

  
4,969
4,479

Creditors: amounts falling due within one year
 6 
(5,425)
(4,933)

Net current liabilities
  
 
 
(456)
 
 
(454)

Total assets less current liabilities
  
4,083
4,083

  

Net assets
  
4,083
4,083


Capital and reserves
  

Called up share capital 
 7 
4,084
4,084

Capital redemption reserve
  
453
453

Profit and loss account
  
(454)
(454)

  
4,083
4,083


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 by: 




Mr W S Humphreys
Director

Date: 29 July 2024

The notes on pages 2 to 4 form part of these financial statements.

Page 1

 
BGN GROUP LTD
 

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

1.


General information

BGN Group Ltd is a private limited company, incorporated and domiciled in England and Wales. The address of its registered office is Unit 21 Technology Park, Silverstone Circuit, Silverstone, Northamptonshire, England, NN12 8TN.
The principal activity of the Company is that of a 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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies.

The financial statements are presented in pound Sterling, the functional currency of the Company, and rounded to the nearest whole pound.

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

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 (from the point at which the Company is registered for VAT) and other sales taxes. 
Revenue represents management recharges for services undertaken by the Company on behalf of its subsidiary. Revenue from these services is accounted for in the period the services are undertaken.

 
2.4

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.

 
2.5

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Page 2

 
BGN GROUP LTD
 

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

2.Accounting policies (continued)

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

  
2.7

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.

  
2.8

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.

 
2.9

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 year was 3 (2022 - 3).


4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 January 2023
4,537


Additions
2



At 31 December 2023
4,539




Page 3

 
BGN GROUP LTD
 

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

5.


Debtors

2023
2022
£
£


Amounts owed by group undertakings
4,969
4,479


Amounts owed by group undertakings are repayable on demand, unsecured and non-interest bearing.


6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Accruals
5,425
4,933



7.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



408,368 (2022 - 408,368) Ordinary A shares of £0.01 each
4,084
4,084



8.


Related party transactions

At 31 December 2023, the Company was owed £5,425 (2022: £4,480) from its subsidary for management fees. 


9.


Controlling party

The Company is controlled by Mr G Sallander who held 91% of the share capital at the year end.

10.


Auditor's information

The auditor's report on the financial statements for the year ended 31 December 2023 was unqualified.

The audit report was signed on 29 July 2024 by James Pitt BA BFP FCA (Senior Statutory Auditor) on behalf of James Cowper Kreston Audit.

Page 4