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REGISTERED NUMBER: 10008033 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

BMF Developments Limited

BMF Developments Limited (Registered number: 10008033)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BMF Developments Limited

Company Information
for the Year Ended 29 February 2024







DIRECTOR: Mrs R M Berry





REGISTERED OFFICE: Marland House
13 Huddersfield Road
Barnsley
South Yorkshire
S70 2LW





REGISTERED NUMBER: 10008033 (England and Wales)





ACCOUNTANTS: Harris & Co Limited
Chartered Accountants
Marland House
13 Huddersfield Road
Barnsley
South Yorkshire
S70 2LW

BMF Developments Limited (Registered number: 10008033)

Balance Sheet
29 February 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 5 14,478 17,935
Investment property 6 163,373 163,156
177,851 181,091

CURRENT ASSETS
Stocks 485,286 462,082
Debtors 7 357 3,515
Cash at bank 3,834 7,718
489,477 473,315
CREDITORS
Amounts falling due within one year 8 (499,566 ) (465,450 )
NET CURRENT (LIABILITIES)/ASSETS (10,089 ) 7,865
TOTAL ASSETS LESS CURRENT
LIABILITIES

167,762

188,956

CREDITORS
Amounts falling due after more than one
year

9

(25,833

)

(30,000

)

PROVISIONS FOR LIABILITIES (362 ) (3,408 )
NET ASSETS 141,567 155,548

CAPITAL AND RESERVES
Called up share capital 11 5 5
Retained earnings 141,562 155,543
SHAREHOLDERS' FUNDS 141,567 155,548

BMF Developments Limited (Registered number: 10008033)

Balance Sheet - continued
29 February 2024


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

The members have not required the Company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 November 2024 and were signed by:





Mrs R M Berry - Director


BMF Developments Limited (Registered number: 10008033)

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

1. STATUTORY INFORMATION

BMF Developments 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 and functional currency of the financial statements is the Pound Sterling (£).

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value.

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

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 - 15% on reducing balance
Motor vehicles - 25% on reducing balance

All fixed assets are initially recorded 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.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.


BMF Developments Limited (Registered number: 10008033)

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

3. 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.

4. EMPLOYEES AND DIRECTORS

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

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2023
and 29 February 2024 47,859
DEPRECIATION
At 1 March 2023 29,924
Charge for year 3,457
At 29 February 2024 33,381
NET BOOK VALUE
At 29 February 2024 14,478
At 28 February 2023 17,935

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2023 163,156
Additions 217
At 29 February 2024 163,373
NET BOOK VALUE
At 29 February 2024 163,373
At 28 February 2023 163,156

The director considers that the investment property is held at fair value at the balance sheet date.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 357 3,515

BMF Developments Limited (Registered number: 10008033)

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

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 4,661 211
Taxation and social security 872 10,313
Other creditors 484,033 444,926
499,566 465,450

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 25,833 30,000

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Other loans 150,000 120,000

The hire purchase creditor is secured against the asset to which it relates.

The other loans are secured by fixed and floating charges over all assets of the company.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
5 Ordinary £1 5 5

12. RELATED PARTY DISCLOSURES

At the year end the director was owed £326,530 (2023: £317,426) by the company.