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Registered number: 13074246









BMZ Innovation Group Ltd









Financial statements

Information for filing with the registrar

For the Year Ended 31 December 2024

 
BMZ Innovation Group Ltd
Registered number: 13074246

Statement of financial position
As at 31 December 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 5 
-
52

  
-
52

Current assets
  

Debtors: amounts falling due within one year
 6 
55,737
26,816

Cash at bank and in hand
 7 
163,299
82,855

  
219,036
109,671

Creditors: amounts falling due within one year
 8 
(60,737)
(22,180)

Net current assets
  
 
 
158,299
 
 
87,491

Total assets less current liabilities
  
158,299
87,543

  

Net assets
  
158,299
87,543


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
158,298
87,542

  
158,299
87,543


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 30 January 2025.




Gazda, Lukas
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 1

 
BMZ Innovation Group Ltd
 

Statement of changes in equity
For the Year Ended 31 December 2024


Called up share capital
Profit and loss account
Total equity

£
£
£


At 1 January 2023
1
54,681
54,682


Comprehensive income for the year

Profit for the year

-
32,861
32,861


Other comprehensive income for the year
-
-
-


Total comprehensive income for the year
-
32,861
32,861


Total transactions with owners
-
-
-



At 1 January 2024
1
87,542
87,543


Comprehensive income for the year

Profit for the year

-
70,756
70,756


Other comprehensive income for the year
-
-
-


Total comprehensive income for the year
-
70,756
70,756


Total transactions with owners
-
-
-


At 31 December 2024
1
158,298
158,299


The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
BMZ Innovation Group Ltd
 
 
 
Notes to the financial statements
For the Year Ended 31 December 2024

1.


General information

BMZ Innovation Group Limited is a company, limited by shares, registered in England & Wales. The company's registered number and registered office can be found on the company information page.
The presentation currency of the financial statements is the Pound Sterling, rounded to the nearest pound.

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

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of comprehensive income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 3

 
BMZ Innovation Group Ltd
 
 
 
Notes to the financial statements
For the Year Ended 31 December 2024

2.Accounting policies (continued)

 
2.3

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:

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.

 
2.4

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.

 
2.5

Interest income

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

 
2.6

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 Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

Page 4

 
BMZ Innovation Group Ltd
 
 
 
Notes to the financial statements
For the Year Ended 31 December 2024

2.Accounting policies (continued)

 
2.7

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 reporting date in the countries where the Company operates and generates income.


 
2.8

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:

Office equipment
-
33%
on Straight Line Basis

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.

 
2.9

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.

 
2.10

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.

 
2.11

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.

Page 5

 
BMZ Innovation Group Ltd
 
 
 
Notes to the financial statements
For the Year Ended 31 December 2024

3.


Judgments in applying accounting policies and key sources of estimation uncertainty

In preparing the financial statements, management are required to make estimates and judgments which may materially affect reported income, expenses, assets, liabilities or disclosure of contingent assets and liabilities, and the valuation of investment properties, which were based on open market transactions. The estimates and assumptions are reviewed on an on-going basis and are based on historical experience and other factors that are considered to be relevant. Revision to accounting estimates are recognised in the period in which the estimate is revised. 


4.


Employees




The average monthly number of employees, including directors, during the year was 1 (2023 - 1).


5.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 January 2024
141



At 31 December 2024

141



Depreciation


At 1 January 2024
89


Charge for the year on owned assets
52



At 31 December 2024

141



Net book value



At 31 December 2024
-



At 31 December 2023
52

There were no outstanding capital commitments at balance sheet date.

Page 6

 
BMZ Innovation Group Ltd
 
 
 
Notes to the financial statements
For the Year Ended 31 December 2024

6.


Debtors

2024
2023
£
£


Trade debtors
9,394
1,684

Other debtors
1,024
379

Prepayments and accrued income
45,319
24,753

55,737
26,816



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
163,299
82,855

163,299
82,855



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
1,857
567

Corporation tax
23,787
10,197

Other taxation and social security
2,661
2,787

Other creditors
5,137
4,579

Accruals and deferred income
27,295
4,050

60,737
22,180


2024
2023
£
£

Other taxation and social security

PAYE/NI control
2,661
2,787

2,661
2,787


Page 7

 
BMZ Innovation Group Ltd
 
 
 
Notes to the financial statements
For the Year Ended 31 December 2024

9.


Pension commitments

The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £2,160 (2023: £2,160). No contributions were outstanding at balance sheet date (2023: £NIL).


10.


Related party transactions

The Company has taken advantage of the exemption available under FRS 102 for "Related Party Disclosures" not to disclose transactions with parent and wholly owned subsidiaries in the group which are eliminated on consolidation.


11.


Controlling party

The ultimate parent company is BMZ Holding GmbH, a company registered in Germany. The ultimate controlling party is Mr. Sven Bauer by virtue of his shareholding in the ultimate parent company. The ultimate parent company prepares consolidated accounts and copy of consolidated  accounts is available from its registered office address at BMZ Holding GmbH, Zeche Gustav 1 (LOG), 63791 Karlstein am Main, Germany.


12.


Auditors' information

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

The audit report was signed on 30 January 2025 by Janak Raj Pokhrel (Senior statutory auditor) on behalf of Mantax Lynton.

 
Page 8