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REGISTERED NUMBER: 10380629 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 April 2024

for

BQS Management Holdings Limited

BQS Management Holdings Limited (Registered number: 10380629)






Contents of the Financial Statements
for the Year Ended 29 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 9

BQS Management Holdings Limited

Company Information
for the Year Ended 29 April 2024







DIRECTORS: C M Banks
C L Banks





REGISTERED OFFICE: 24 Picton House
Hussar Court
Waterlooville
Hampshire
PO7 7SQ





REGISTERED NUMBER: 10380629 (England and Wales)





ACCOUNTANTS: Johnston Wood Roach Limited
24 Picton House
Hussar Court
Waterlooville
Hampshire
PO7 7SQ

BQS Management Holdings Limited (Registered number: 10380629)

Balance Sheet
29 April 2024

29.4.24 29.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,649 1,340
Investments 5 15,103 15,102
Investment property 6 330,862 330,862
353,614 347,304

CURRENT ASSETS
Debtors 7 131,160 92,283
Cash at bank 172 9,683
131,332 101,966
CREDITORS
Amounts falling due within one year 8 362,871 283,193
NET CURRENT LIABILITIES (231,539 ) (181,227 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

122,075

166,077

CREDITORS
Amounts falling due after more than one
year

9

(109,170

)

(116,338

)

PROVISIONS FOR LIABILITIES (252 ) (255 )
NET ASSETS 12,653 49,484

CAPITAL AND RESERVES
Called up share capital 11 101 101
Retained earnings 12,552 49,383
SHAREHOLDERS' FUNDS 12,653 49,484

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 April 2024 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.

BQS Management Holdings Limited (Registered number: 10380629)

Balance Sheet - continued
29 April 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 November 2024 and were signed on its behalf by:





C M Banks - Director


BQS Management Holdings Limited (Registered number: 10380629)

Notes to the Financial Statements
for the Year Ended 29 April 2024

1. STATUTORY INFORMATION

BQS Management 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.

The presentation currency of the financial statements is the Pound Sterling (£).


Accounts are rounded to the nearest pound.

The accounts represent the company as an individual entity.

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.

Significant judgements and estimates
The preparation of financial statements requires the use of estimates and assumptions that affect reported amounts of assets and liabilities at the date of the financial statements, and revenues and expenses during the reporting period. These estimates and assumptions are based on management's best knowledge of the amount, events or actions. Actual results may differ from those amounts.

Management do not consider there to be any significant judgements or estimates used in the preparation of these financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 20% on reducing balance
Computer equipment - 33% on cost

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 Income Statement, 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.


BQS Management Holdings Limited (Registered number: 10380629)

Notes to the Financial Statements - continued
for the Year Ended 29 April 2024

2. ACCOUNTING POLICIES - continued
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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 30 April 2023 - 2,000 489 2,489
Additions 5,287 - 2,959 8,246
At 29 April 2024 5,287 2,000 3,448 10,735
DEPRECIATION
At 30 April 2023 - 741 408 1,149
Charge for year 709 252 976 1,937
At 29 April 2024 709 993 1,384 3,086
NET BOOK VALUE
At 29 April 2024 4,578 1,007 2,064 7,649
At 29 April 2023 - 1,259 81 1,340

BQS Management Holdings Limited (Registered number: 10380629)

Notes to the Financial Statements - continued
for the Year Ended 29 April 2024

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 30 April 2023 15,102
Additions 1
At 29 April 2024 15,103
NET BOOK VALUE
At 29 April 2024 15,103
At 29 April 2023 15,102

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 30 April 2023
and 29 April 2024 330,862
NET BOOK VALUE
At 29 April 2024 330,862
At 29 April 2023 330,862

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.4.24 29.4.23
£    £   
Amounts owed by group undertakings 659 -
Other debtors 130,501 92,283
131,160 92,283

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.4.24 29.4.23
£    £   
Bank loans and overdrafts 14,924 14,924
Trade creditors 614 206
Amounts owed to group undertakings 140,138 132,101
Taxation and social security 205,015 133,784
Other creditors 2,180 2,178
362,871 283,193

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.4.24 29.4.23
£    £   
Bank loans 109,170 116,338

BQS Management Holdings Limited (Registered number: 10380629)

Notes to the Financial Statements - continued
for the Year Ended 29 April 2024

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
29.4.24 29.4.23
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 74,212 75,808

10. SECURED DEBTS

The following secured debts are included within creditors:

29.4.24 29.4.23
£    £   
Bank loans 124,094 131,262

Lloyds Bank hold a charge over the company by way of the property at 154a Spring Road, Southampton, Hants SO19 2QS.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29.4.24 29.4.23
value: £    £   
100 Ordinary £1 100 100
1 Ordinary 'A' £1 1 1
101 101

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 29 April 2024 and 29 April 2023:

29.4.24 29.4.23
£    £   
C M Banks
Balance outstanding at start of year 89,282 (253 )
Amounts advanced 192,727 230,098
Amounts repaid (240,514 ) (140,563 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 41,495 89,282

C L Banks
Balance outstanding at start of year (591 ) 1,366
Amounts advanced 95,666 57,365
Amounts repaid (95,104 ) (59,322 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (29 ) (591 )

At the year end the directors owed the company £41,467 (2023 :£88,6921)

BQS Management Holdings Limited (Registered number: 10380629)

Notes to the Financial Statements - continued
for the Year Ended 29 April 2024

13. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is C M Banks.

BQS Management Holdings Limited

Report of the Accountants to the Directors of
BQS Management Holdings 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.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 29 April 2024 set out on pages three to ten and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Johnston Wood Roach Limited
24 Picton House
Hussar Court
Waterlooville
Hampshire
PO7 7SQ


Date: .............................................