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REGISTERED NUMBER: 08614816 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

BM8 Holdings Limited

BM8 Holdings Limited (Registered number: 08614816)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BM8 Holdings Limited

Company Information
for the Year Ended 31 January 2024







DIRECTOR: B C Matthews





REGISTERED OFFICE: Unit 25
Campbell Court
Bramley
Hampshire
RG26 5EG





REGISTERED NUMBER: 08614816 (England and Wales)





ACCOUNTANTS: Randall Accountancy Limited
22 The Crofts
Basingstoke
Hampshire
RG22 4RF

BM8 Holdings Limited (Registered number: 08614816)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Investments 4 1 1
Investment property 5 1,564,246 947,379
1,564,247 947,380

CURRENT ASSETS
Debtors 6 182,773 250,000
Cash at bank 783,441 1,232,188
966,214 1,482,188
CREDITORS
Amounts falling due within one year 7 17,884 38,933
NET CURRENT ASSETS 948,330 1,443,255
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,512,577

2,390,635

PROVISIONS FOR LIABILITIES 8 7,339 1,395
NET ASSETS 2,505,238 2,389,240

CAPITAL AND RESERVES
Called up share capital 9 2 2
Revaluation reserve 10 51,174 36,118
Retained earnings 2,454,062 2,353,120
SHAREHOLDERS' FUNDS 2,505,238 2,389,240

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

BM8 Holdings Limited (Registered number: 08614816)

Balance Sheet - continued
31 January 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 3 October 2024 and were signed by:





B C Matthews - Director


BM8 Holdings Limited (Registered number: 08614816)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

BM8 Holdings Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

BM8 Holdings Limited (Registered number: 08614816)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakin
£   
COST
At 1 February 2023
and 31 January 2024 1
NET BOOK VALUE
At 31 January 2024 1
At 31 January 2023 1

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2023 947,379
Additions 595,867
Revaluations 21,000
At 31 January 2024 1,564,246
NET BOOK VALUE
At 31 January 2024 1,564,246
At 31 January 2023 947,379

Fair value at 31 January 2024 is represented by:
£   
Valuation in 2019 37,513
Valuation in 2024 21,000
Cost 1,505,733
1,564,246

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 21,600 -
Amounts owed by group undertakings 161,173 250,000
182,773 250,000

BM8 Holdings Limited (Registered number: 08614816)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Taxation and social security 17,884 3,827
Other creditors - 35,106
17,884 38,933

8. PROVISIONS FOR LIABILITIES
31.1.24 31.1.23
£    £   
Deferred tax 7,339 1,395

Deferred
tax
£   
Balance at 1 February 2023 1,395
Charge to Statement of Income and Retained Earnings
during year

5,944
Balance at 31 January 2024 7,339

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.24 31.1.23
value: £    £   
2 Ordinary £1 2 2

10. RESERVES
Revaluatio
reserve
£   
At 1 February 2023 36,118
Transfer to revaluation 15,056

At 31 January 2024 51,174