Caseware UK (AP4) 2023.0.135 2023.0.135 2024-02-292024-02-29602023-03-01falseNo description of principal activity39truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 13723508 2023-03-01 2024-02-29 13723508 2022-02-28 2023-02-28 13723508 2024-02-29 13723508 2023-02-28 13723508 c:Director3 2023-03-01 2024-02-29 13723508 d:Buildings d:LongLeaseholdAssets 2023-03-01 2024-02-29 13723508 d:Buildings d:LongLeaseholdAssets 2024-02-29 13723508 d:Buildings d:LongLeaseholdAssets 2023-02-28 13723508 d:PlantMachinery 2023-03-01 2024-02-29 13723508 d:PlantMachinery 2024-02-29 13723508 d:PlantMachinery 2023-02-28 13723508 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 13723508 d:FurnitureFittings 2023-03-01 2024-02-29 13723508 d:FurnitureFittings 2024-02-29 13723508 d:FurnitureFittings 2023-02-28 13723508 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 13723508 d:ComputerEquipment 2023-03-01 2024-02-29 13723508 d:ComputerEquipment 2024-02-29 13723508 d:ComputerEquipment 2023-02-28 13723508 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 13723508 d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 13723508 d:CurrentFinancialInstruments 2024-02-29 13723508 d:CurrentFinancialInstruments 2023-02-28 13723508 d:CurrentFinancialInstruments d:WithinOneYear 2024-02-29 13723508 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 13723508 d:ShareCapital 2024-02-29 13723508 d:ShareCapital 2023-02-28 13723508 d:RetainedEarningsAccumulatedLosses 2024-02-29 13723508 d:RetainedEarningsAccumulatedLosses 2023-02-28 13723508 c:FRS102 2023-03-01 2024-02-29 13723508 c:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 13723508 c:FullAccounts 2023-03-01 2024-02-29 13723508 c:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 13723508 2 2023-03-01 2024-02-29 13723508 e:PoundSterling 2023-03-01 2024-02-29 iso4217:GBP xbrli:pure

Registered number: 13723508









BM BOROUGH LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024

 
BM BOROUGH LIMITED
REGISTERED NUMBER: 13723508

BALANCE SHEET
AS AT 29 FEBRUARY 2024

29 February
28 February
2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
179,600
246,974

  
179,600
246,974

Current assets
  

Stocks
  
17,494
14,439

Debtors: amounts falling due within one year
 5 
371,062
135,435

Cash at bank and in hand
 6 
264,383
27,270

  
652,939
177,144

Creditors: amounts falling due within one year
 7 
(268,536)
(422,219)

Net current assets/(liabilities)
  
 
 
384,403
 
 
(245,075)

Total assets less current liabilities
  
564,003
1,899

  

Net assets
  
564,003
1,899


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
563,903
1,799

  
564,003
1,899


The directors consider 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 year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their 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: 


Page 1

 
BM BOROUGH LIMITED
REGISTERED NUMBER: 13723508
    
BALANCE SHEET (CONTINUED)
AS AT 29 FEBRUARY 2024



................................................
Alexander Robert Large
Director

Date: 15 November 2024

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
BM BOROUGH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1.


General information

BM Borough Limited is a private company limited by shares incorporated in England and Wales. The registered office is 65 Brushfield Street, London, United Kingdom, E1 6AA.

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:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

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.

Page 3

 
BM BOROUGH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

2.Accounting policies (continued)

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Long-term leasehold property
-
10%
Plant and machinery
-
25%
Fixtures and fittings
-
25%
Computer equipment
-
33%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 4

 
BM BOROUGH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

2.Accounting policies (continued)

 
2.7

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.9

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.

 
2.10

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.


3.


Employees

The average monthly number of employees, including directors, during the year was 39 (2023 - 60).

Page 5

 
BM BOROUGH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

4.


Tangible fixed assets







Long-term leasehold property
Plant and machinery
Fixtures and fittings
Computer equipment
Total

£
£
£
£
£



Cost or valuation


At 1 March 2023
-
65,618
256,890
-
322,508


Additions
8,026
3,636
1,750
1,442
14,854



At 29 February 2024

8,026
69,254
258,640
1,442
337,362



Depreciation


At 1 March 2023
-
16,793
58,741
-
75,534


Charge for the year on owned assets
647
16,729
64,421
431
82,228



At 29 February 2024

647
33,522
123,162
431
157,762



Net book value



At 29 February 2024
7,379
35,732
135,478
1,011
179,600



At 28 February 2023
-
48,825
198,149
-
246,974


5.


Debtors

29 February
28 February
2024
2023
£
£


Trade debtors
2,882
2,168

Amounts owed by group undertakings
96,973
76,048

Other debtors
249,981
39,473

Prepayments and accrued income
21,226
17,746

371,062
135,435


Page 6

 
BM BOROUGH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

6.


Cash and cash equivalents

29 February
28 February
2024
2023
£
£

Cash at bank and in hand
264,383
27,270

264,383
27,270



7.


Creditors: Amounts falling due within one year

29 February
28 February
2024
2023
£
£

Trade creditors
51,116
221,008

Other taxation and social security
59,485
21,642

Other creditors
127,833
143,405

Accruals and deferred income
30,102
36,164

268,536
422,219



8.


Related party transactions

At the year end the company owed £249,981 (2023 - £128,155) to BM Spitalfields, the related company, in respect of an interest free loan which is repayable on demand.
At the year end the company owed £52,487 (2023 - £14,671) to BM Angel, the related company, in respect of an interest free loan which is repayable on demand.
At the year end the company was owed £227,565 (2023 - £76,048) by Brother Marcus Limited, the related company, in respect of an interest free loan which is repayable on demand.
At the year end the company was owed £15,375 (2023 - £2,357) by BM South Kensington, the related company, in respect of an interest free loan which is repayable on demand.


9.


Controlling party

Brother Marcus Ltd holds 100% shares of the company at the year end.

 
Page 7