Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31truetruetruetruetruetruetrue2023-04-01falseProperty investment11false 04032993 2023-04-01 2024-03-31 04032993 2022-04-01 2023-03-31 04032993 2024-03-31 04032993 2023-03-31 04032993 c:Director1 2023-04-01 2024-03-31 04032993 d:FreeholdInvestmentProperty 2023-04-01 2024-03-31 04032993 d:FreeholdInvestmentProperty 2024-03-31 04032993 d:FreeholdInvestmentProperty 2023-03-31 04032993 d:CurrentFinancialInstruments 2024-03-31 04032993 d:CurrentFinancialInstruments 2023-03-31 04032993 d:Non-currentFinancialInstruments 2024-03-31 04032993 d:Non-currentFinancialInstruments 2023-03-31 04032993 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 04032993 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 04032993 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 04032993 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 04032993 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-03-31 04032993 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-03-31 04032993 d:ShareCapital 2024-03-31 04032993 d:ShareCapital 2023-03-31 04032993 d:RetainedEarningsAccumulatedLosses 2024-03-31 04032993 d:RetainedEarningsAccumulatedLosses 2023-03-31 04032993 c:FRS102 2023-04-01 2024-03-31 04032993 c:Audited 2023-04-01 2024-03-31 04032993 c:FullAccounts 2023-04-01 2024-03-31 04032993 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 04032993 c:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 04032993 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 04032993









BEMIN LIMITED









FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
BEMIN LIMITED
REGISTERED NUMBER: 04032993

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Investment property
 4 
-
465,000

  
-
465,000

Current assets
  

Debtors: amounts falling due within one year
 5 
428,103
-

Cash at bank and in hand
 6 
918
669

  
429,021
669

Creditors: amounts falling due within one year
 7 
(332,798)
(289,925)

Net current assets/(liabilities)
  
 
 
96,223
 
 
(289,256)

Total assets less current liabilities
  
96,223
175,744

Creditors: amounts falling due after more than one year
 8 
-
(162,749)

  

Net assets
  
96,223
12,995


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
96,123
12,895

  
96,223
12,995


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 on 23 December 2024.




B Patel
Director

The notes on pages 2 to 6 form part of these financial statements.
Page 1

 
BEMIN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Bemin Limited is a private company, limited by shares, domiciled in England and Wales, registration number 04032993. The registered office is Ambe House, Commerce Way, Edenbridge, Kent, TN8 6ED. The principal activity of the company continued to be that of investment property.

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

Financial Reporting Standard 102 - reduced disclosure exemptions

The Company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by the FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":
the requirements of Section 7 Statement of Cash Flows;
the requirements of Section 3 Financial Statement Presentation paragraph 3.17(d);
the requirements of Section 11 Financial Instruments paragraphs 11.42, 11.44 to 11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv), 11.48(b) and 11.48(c);
the requirements of Section 12 Other Financial Instruments paragraphs 12.26 to 12.27, 12.29(a), 12.29(b) and 12.29A;
the requirements of Section 33 Related Party Disclosures paragraph 33.7.

This information is included in the consolidated financial statements of Pharmadent Holdings Limited as at 31 March 2024 and these financial statements may be obtained from Companies House.

  
2.3

Revenue

Revenue received by the company relates to rental income which is recognised in the period to which
it relates.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 2

 
BEMIN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.7

Investment property

Investment property is carried at fair value determined annually by the directors and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised 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 1 (2023 - 1).

Page 3

 
BEMIN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Investment property


Freehold investment property

£





At 1 April 2023
465,000


Additions at cost
288,186


Disposals
(753,186)



At 31 March 2024
-

The 2024 valuations were made by the director, on an open market value for existing use basis.



At 31 March 2024



If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2024
2023
£
£


Historic cost
-
531,449

-
531,449


5.


Debtors

2024
2023
£
£


Trade debtors
(600)
-

Amounts owed by group undertakings
371,065
-

Other debtors
57,638
-

428,103
-


Page 4

 
BEMIN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
918
669

918
669



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
-
32,550

Trade creditors
164,829
322

Amounts owed to group undertakings
165,603
237,623

Corporation tax
976
2,196

Other taxation and social security
-
15,876

Accruals and deferred income
1,390
1,358

332,798
289,925




8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
-
162,749

-
162,749


Page 5

 
BEMIN LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
-
32,550


-
32,550

Amounts falling due 1-2 years

Bank loans
-
162,749


-
162,749



-
195,299



10.


Controlling party

The immediate parent company is Pharmaceuticals Direct Limited, a company registered in England and Wales. The ultimate parent company is Pharmadent Holdings Limited, a company registered in England and Wales. 
The ultimate controlling party is B Patel, by virtue of his majority shareholding in the ultimate parent company. 


11.


Auditors' information

The auditors' report on the financial statements for the year ended 31 March 2024 was unqualified.

The audit report was signed on 23 December 2024 by Matthew Wells ACA (Senior Statutory Auditor) on behalf of Haslers.

 
Page 6