Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-3112023-04-01falseNo description of principal activity1falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 11984548 2023-04-01 2024-03-31 11984548 2022-04-01 2023-03-31 11984548 2024-03-31 11984548 2023-03-31 11984548 2022-04-01 11984548 c:Director1 2023-04-01 2024-03-31 11984548 d:FreeholdInvestmentProperty 2024-03-31 11984548 d:FreeholdInvestmentProperty 2023-03-31 11984548 d:FreeholdInvestmentProperty 2 2023-04-01 2024-03-31 11984548 d:CurrentFinancialInstruments 2024-03-31 11984548 d:CurrentFinancialInstruments 2023-03-31 11984548 d:Non-currentFinancialInstruments 2024-03-31 11984548 d:Non-currentFinancialInstruments 2023-03-31 11984548 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 11984548 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 11984548 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 11984548 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 11984548 d:ShareCapital 2024-03-31 11984548 d:ShareCapital 2023-03-31 11984548 d:ShareCapital 2022-04-01 11984548 d:RevaluationReserve 2023-04-01 2024-03-31 11984548 d:RevaluationReserve 2024-03-31 11984548 d:RevaluationReserve 2023-03-31 11984548 d:RevaluationReserve 2022-04-01 11984548 d:RetainedEarningsAccumulatedLosses 2023-04-01 2024-03-31 11984548 d:RetainedEarningsAccumulatedLosses 2024-03-31 11984548 d:RetainedEarningsAccumulatedLosses 2022-04-01 2023-03-31 11984548 d:RetainedEarningsAccumulatedLosses 2023-03-31 11984548 d:RetainedEarningsAccumulatedLosses 2022-04-01 11984548 d:OtherDeferredTax 2024-03-31 11984548 d:OtherDeferredTax 2023-03-31 11984548 c:FRS102 2023-04-01 2024-03-31 11984548 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 11984548 c:FullAccounts 2023-04-01 2024-03-31 11984548 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 11984548 5 2023-04-01 2024-03-31 11984548 f:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 11984548









BMD PROPERTIES LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 MARCH 2024

 
BMD PROPERTIES LIMITED
REGISTERED NUMBER: 11984548

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Investment property
 4 
437,084
420,191

  
437,084
420,191

Current assets
  

Cash at bank and in hand
 5 
2,894
2,262

  
2,894
2,262

Creditors: amounts falling due within one year
 6 
(38,757)
(37,011)

Net current liabilities
  
 
 
(35,863)
 
 
(34,749)

Total assets less current liabilities
  
401,221
385,442

Creditors: amounts falling due after more than one year
 7 
(358,676)
(364,724)

Provisions for liabilities
  

Deferred tax
  
(4,225)
-

  
 
 
(4,225)
 
 
-

Net assets
  
38,320
20,718


Capital and reserves
  

Called up share capital 
  
100
100

Revaluation reserve
  
12,668
-

Profit and loss account
  
25,552
20,618

  
38,320
20,718


Page 1

 
BMD PROPERTIES LIMITED
REGISTERED NUMBER: 11984548
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

The director considers 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 period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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 by: 



B M Dalal
Director
Date: 19 September 2024

The notes on pages 4 to 8 form part of these financial statements.

Page 2

 
BMD PROPERTIES LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED 31 MARCH 2024


Called up share capital
Revaluation reserve
Profit and loss account
Total equity

£
£
£
£


At 1 April 2022
100
-
14,699
14,799


Comprehensive income for the year

Profit for the year
-
-
5,919
5,919



At 1 April 2023
100
-
20,618
20,718


Comprehensive income for the period

Profit for the period
-
-
17,602
17,602

Transfer to/from profit and loss account
-
12,668
(12,668)
-


At 31 March 2024
100
12,668
25,552
38,320


The notes on pages 4 to 8 form part of these financial statements.

Page 3

 
BMD PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

1.


General information

BMD Properties Limited is a limited liability company incorporated and domiciled in England.
The registered office of the company is:
1st Floor Waterfront One
Waterfront Business Park
Brierley Hill
DY5 1LX
The financial statements are for a year ended 31 March 2024 (2023: year ended 31 March 2023).
The Company's functional and presentational currency is GBP.

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

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 and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 4

 
BMD PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the period in which they are incurred.

 
2.5

Current and deferred taxation

The tax expense for the period comprises current and deferred tax. 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

Revaluation of tangible fixed assets

Individual freehold and leasehold properties are carried at current year value at fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the balance sheet date.
Fair values are determined from market based evidence normally undertaken by professionally qualified valuers.

Revaluation gains and losses are recognised in other comprehensive income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in profit or loss.

 
2.7

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

Page 5

 
BMD PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.8

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.

 
2.9

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.

 
2.10

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.


3.


Employees




The average monthly number of employees, including directors, during the period was 1 (2023 - 1).


4.


Investment property


Freehold investment property

£



Valuation


At 1 April 2023
420,191


Surplus on revaluation
16,893



At 31 March 2024
437,084

The 2024 valuations were made by the director, the property cost represents the fair value, on an open market value for existing use basis.




Page 6

 
BMD PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

5.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
2,894
2,262



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
10,000
10,000

Corporation tax
1,566
1,388

Other creditors
25,865
24,363

Accruals and deferred income
1,326
1,260

38,757
37,011


Included within other creditors is an amount due to the director of £25,865 (2023: £24,363). This amount is unsecured, interest free and repayable on demand.


7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
220,076
226,124

Other creditors
138,600
138,600

358,676
364,724


Included within other creditors is an amount due to the director of £138,600 (2023: £138,600). This amount is unsecured and interest free.


8.


Deferred taxation




2024


£






Charged to profit or loss
(4,225)



At end of year
(4,225)

Page 7

 
BMD PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024
 
8.Deferred taxation (continued)

The deferred taxation balance is made up as follows:

2024
2023
£
£


On fair value uplift- investment property
(4,225)
-

(4,225)
-

 
Page 8