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REGISTERED NUMBER: 14476615 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

10 NOVEMBER 2022 TO 31 DECEMBER 2023

FOR

BGAM STONES LIMITED

BGAM STONES LIMITED (REGISTERED NUMBER: 14476615)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 10 NOVEMBER 2022 TO 31 DECEMBER 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 6

BGAM STONES LIMITED

COMPANY INFORMATION
FOR THE PERIOD 10 NOVEMBER 2022 TO 31 DECEMBER 2023







DIRECTORS: J D Levy
J P Levy





REGISTERED OFFICE: Greenhill House
90/93 Cowcross Street
London
EC1M 6BF





REGISTERED NUMBER: 14476615 (England and Wales)





ACCOUNTANTS: Goldwyns Limited
Chartered Accountants
Rutland House
90-92 Baxter Avenue
Southend on Sea
Essex
SS2 6HZ

BGAM STONES LIMITED (REGISTERED NUMBER: 14476615)

ABRIDGED BALANCE SHEET
31 DECEMBER 2023

Notes £    £   
FIXED ASSETS
Tangible assets 4 4,257,442

CURRENT ASSETS
Stocks 1,157
Debtors 69,023
Cash at bank 12,350
82,530
CREDITORS
Amounts falling due within one year 1,900,937
NET CURRENT LIABILITIES (1,818,407 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,439,035

PROVISIONS FOR LIABILITIES 608,883
NET ASSETS 1,830,152

CAPITAL AND RESERVES
Called up share capital 6
Revaluation reserve 6 2,077,111
Retained earnings (246,965 )
SHAREHOLDERS' FUNDS 1,830,152

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

BGAM STONES LIMITED (REGISTERED NUMBER: 14476615)

ABRIDGED BALANCE SHEET - continued
31 DECEMBER 2023


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

All the members have consented to the preparation of an abridged Balance Sheet for the period ended 31 December 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the Board of Directors and authorised for issue on 7 November 2024 and were signed on its behalf by:





J D Levy - Director


BGAM STONES LIMITED (REGISTERED NUMBER: 14476615)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 10 NOVEMBER 2022 TO 31 DECEMBER 2023

1. STATUTORY INFORMATION

BGAM Stones 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.

The company trades from its owned property in Salisbury, Wiltshire.

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.

Turnover
Turnover represents the income receivable by the company from its trading activities as a hotel. Sales encompass room hire, food and beverage income and all other associated ancillary hotel and guest services. Turnover is recognised in the period in which the physical goods are sold, as services are performed or otherwise as entitlement accrues to the company.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Freehold property
Freehold property is carried at its most recent valuation.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 33 .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST OR VALUATION
Additions 1,502,320
Revaluations 2,769,482
At 31 December 2023 4,271,802
DEPRECIATION
Charge for period 14,360
At 31 December 2023 14,360
NET BOOK VALUE
At 31 December 2023 4,257,442

BGAM STONES LIMITED (REGISTERED NUMBER: 14476615)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 10 NOVEMBER 2022 TO 31 DECEMBER 2023

4. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 31 December 2023 is represented by:

Freehold Plant and
property machinery Totals
£    £    £   
Valuation in 2023 2,769,482 - 2,769,482
Cost 1,430,518 71,802 1,502,320
4,200,000 71,802 4,271,802

Freehold property was valued by Savills (UK) Limited on 4 August 2023.

5. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
£   
Between one and five years 30,496

6. RESERVES
Revaluation
reserve
£   
Fair value movement 2,077,111

At 31 December 2023 2,077,111

7. PENSION COMMITMENTS

The company operates a defined contribution scheme in respect of its eligible employees. During the year, total contributions to this scheme amounted to £5,136. At the balance sheet date the total contributions outstanding amounted to £52.

8. RELATED PARTY DISCLOSURES

The company works closely with a portfolio of five other hotels and their respective companies, all under similar (but not identical) control. Further, the whole portfolio is managed by BGAM Limited, a hotel management enterprise, again with ownership similarities and common directors. These close working relationships enables all businesses to access necessary trading expertise when needed, negotiate beneficial relationships with suppliers and leverage various economies of scale for mutual benefit.

During the period, the company incurred management costs totalling £25,156 to BGAM Limited.

In aggregate at the balance sheet date, the company owed £1,638,856 to these associated companies.

During the year the company's total compensation to key management personnel (including directors) amounted to £93,346.

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
BGAM STONES LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of BGAM Stones Limited for the period ended 31 December 2023 which comprise the Income Statement, Abridged Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of BGAM Stones Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of BGAM Stones Limited and state those matters that we have agreed to state to the Board of Directors of BGAM Stones Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than BGAM Stones Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that BGAM Stones Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of BGAM Stones Limited. You consider that BGAM Stones Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of BGAM Stones Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Goldwyns Limited
Chartered Accountants
Rutland House
90-92 Baxter Avenue
Southend on Sea
Essex
SS2 6HZ


8 November 2024