BK Grain Group Limited 14005707 false 2023-04-01 2024-02-29 2024-02-29 The principal activity of the company is that of an investment company. Digita Accounts Production Advanced 6.30.9574.0 true false true true 14005707 2023-04-01 2024-02-29 14005707 2024-02-29 14005707 core:CurrentFinancialInstruments 2024-02-29 14005707 core:CurrentFinancialInstruments core:WithinOneYear 2024-02-29 14005707 core:NegativeGoodwill 2024-02-29 14005707 core:AdditionsToInvestments 2024-02-29 14005707 bus:SmallEntities 2023-04-01 2024-02-29 14005707 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-02-29 14005707 bus:FilletedAccounts 2023-04-01 2024-02-29 14005707 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-02-29 14005707 bus:RegisteredOffice 2023-04-01 2024-02-29 14005707 bus:Director2 2023-04-01 2024-02-29 14005707 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-02-29 14005707 core:NegativeGoodwill 2023-04-01 2024-02-29 14005707 1 2023-04-01 2024-02-29 14005707 countries:EnglandWales 2023-04-01 2024-02-29 14005707 2022-03-28 2023-03-31 14005707 2023-03-31 14005707 core:CurrentFinancialInstruments 2023-03-31 14005707 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 14005707 core:NegativeGoodwill 2023-03-31 iso4217:GBP xbrli:pure

Registration number: 14005707

BK Grain Group Limited

Unaudited Filleted Financial Statements

for the Period from 1 April 2023 to 29 February 2024

 

BK Grain Group Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 4

 

BK Grain Group Limited

(Registration number: 14005707)
Balance Sheet as at 29 February 2024

Note

2024
£

2023
£

Fixed assets

 

Negative goodwill

4

(350,144)

-

Investments

5

437,681

-

Current assets

 

Debtors

6

-

10

Creditors: Amounts falling due within one year

7

(87,527)

-

Net current (liabilities)/assets

 

(87,527)

10

Net assets

 

10

10

Capital and reserves

 

Called up share capital

10

10

Shareholders' funds

 

10

10

For the financial period ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 17 October 2024 and signed on its behalf by:
 

.........................................
W A Bird
Director

 

BK Grain Group Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2023 to 29 February 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Littlecote Road
Froxfield
Nr Marlborough
Wiltshire
SN8 3JY

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Group accounts not prepared

The company is part of a small group. The company has taken advantage of the exemption provided by Section 398 of the Companies Act 2006 and has not prepared group accounts.

Going concern

The financial statements have been prepared on a going concern basis.

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Negative goodwill

Negative goodwill arising on an acquisition is recognised on the face of the balance sheet on the acquisition date and subsequently the excess up to the fair value of non-monetary assets acquired is recognised in profit or loss in the periods in which the non-monetary assets are recovered.

Amortisation

Asset class

Amortisation method and rate

Negative goodwill

20% straight line basis

 

BK Grain Group Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2023 to 29 February 2024

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 2 (2023 - 2).

4

Intangible assets

Negative goodwill

2024
£

Addition

(437,680)

Amortisation charge for the year

87,536

At 29 February 2024

(350,144)

5

Investments

2024
£

2023
£

Investments in subsidiaries

437,681

-

Subsidiaries

£

Cost or valuation

Additions

437,681

Provision

Carrying amount

At 29 February 2024

437,681

 

BK Grain Group Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2023 to 29 February 2024

6

Debtors

Current

Note

2024
£

2023
£

Amounts owed by related parties

-

10

   

-

10

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Amounts owed to group undertakings

87,527

-

8

Parent and ultimate parent undertaking

The ultimate controlling party is W A Bird, by virtue of his majority shareholding in parent company Enidvale Holdings Limited.

 The company's immediate parent is Enidvale Holdings Limited, incorporated in England & Wales.