Registered number
SC502395
BM INVESTMENTS (SCOTLAND) LTD
Filleted Accounts
30 April 2024
BM INVESTMENTS (SCOTLAND) LTD
Registered number: SC502395
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 178,778 181,191
Current assets
Debtors 4 32,684 32,200
Cash at bank and in hand 5,087 1,062
37,771 33,262
Creditors: amounts falling due within one year 5 (16,699) (4,824)
Net current assets 21,072 28,438
Total assets less current liabilities 199,850 209,629
Creditors: amounts falling due after more than one year 6 (200,276) (207,561)
Net (liabilities)/assets (426) 2,068
Capital and reserves
Called up share capital 1 1
Profit and loss account (427) 2,067
Shareholder's funds (426) 2,068
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Blair Michie
Director
Approved by the board on 5 September 2024
BM INVESTMENTS (SCOTLAND) LTD
Notes to the Accounts
for the year ended 30 April 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 20% of cost
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 May 2023 178,778 12,065 190,843
At 30 April 2024 178,778 12,065 190,843
Depreciation
At 1 May 2023 - 9,652 9,652
Charge for the year - 2,413 2,413
At 30 April 2024 - 12,065 12,065
Net book value
At 30 April 2024 178,778 - 178,778
At 30 April 2023 178,778 2,413 181,191
4 Debtors 2024 2023
£ £
Other debtors 32,684 32,200
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 875 -
Other creditors 15,824 4,824
16,699 4,824
6 Creditors: amounts falling due after one year 2024 2023
£ £
Other creditors 200,276 207,561
7 Other information
BM INVESTMENTS (SCOTLAND) LTD is a private company limited by shares and incorporated in Scotland. Its registered office is:
Violet House
3 Violet street
Paisley
PA3 3AT
BM INVESTMENTS (SCOTLAND) LTD SC502395 false 2023-05-01 2024-04-30 2024-04-30 VT Final Accounts July 2024 Blair Michie No description of principal activity SC502395 2022-05-01 2023-04-30 SC502395 core:WithinOneYear 2023-04-30 SC502395 core:AfterOneYear 2023-04-30 SC502395 core:ShareCapital 2023-04-30 SC502395 core:RetainedEarningsAccumulatedLosses 2023-04-30 SC502395 2023-05-01 2024-04-30 SC502395 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 SC502395 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 SC502395 bus:Director40 2023-05-01 2024-04-30 SC502395 1 2023-05-01 2024-04-30 SC502395 2 2023-05-01 2024-04-30 SC502395 core:LandBuildings 2023-05-01 2024-04-30 SC502395 core:PlantMachinery 2023-05-01 2024-04-30 SC502395 countries:England 2023-05-01 2024-04-30 SC502395 bus:FRS102 2023-05-01 2024-04-30 SC502395 bus:FilletedAccounts 2023-05-01 2024-04-30 SC502395 2024-04-30 SC502395 core:WithinOneYear 2024-04-30 SC502395 core:AfterOneYear 2024-04-30 SC502395 core:ShareCapital 2024-04-30 SC502395 core:RetainedEarningsAccumulatedLosses 2024-04-30 SC502395 core:LandBuildings 2024-04-30 SC502395 core:PlantMachinery 2024-04-30 SC502395 2023-04-30 SC502395 core:LandBuildings 2023-04-30 SC502395 core:PlantMachinery 2023-04-30 iso4217:GBP xbrli:pure