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REGISTERED NUMBER: 06794454 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 15 MAY 2024

FOR

BEM BRASIL LIMITED

BEM BRASIL LIMITED (REGISTERED NUMBER: 06794454)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 15 MAY 2024










Page

Balance Sheet 1

Notes to the Financial Statements 2


BEM BRASIL LIMITED (REGISTERED NUMBER: 06794454)

BALANCE SHEET
15 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investments 4 200,450 200,450

CURRENT ASSETS
Debtors 5 135,482 128,920
Cash at bank 10,464 6,865
145,946 135,785
CREDITORS
Amounts falling due within one year 6 989,532 939,888
NET CURRENT LIABILITIES (843,586 ) (804,103 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(643,136

)

(603,653

)

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings (644,136 ) (604,653 )
(643,136 ) (603,653 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 15 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 15 May 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 10 February 2025 and were signed by:




K G F D Magalhaes - Director


BEM BRASIL LIMITED (REGISTERED NUMBER: 06794454)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 15 MAY 2024


1. STATUTORY INFORMATION

Bem Brasil Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 06794454

Registered office: 58 Lever Street
Northern Quarter
Manchester
M1 1FJ

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.

Critical accounting judgements and key sources of estimation uncertainty
In the application of the company's accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

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

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.


BEM BRASIL LIMITED (REGISTERED NUMBER: 06794454)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 15 MAY 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 6 (2023 - 6 ) .

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 16 May 2023
and 15 May 2024 200,450
NET BOOK VALUE
At 15 May 2024 200,450
At 15 May 2023 200,450

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 135,482 128,920

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed to group undertakings 854,837 758,837
Tax 4,662 4,662
Social security and other taxes 15,049 61,117
VAT 65,132 65,420
Other creditors 48,352 48,352
Accrued expenses 1,500 1,500
989,532 939,888

BEM BRASIL LIMITED (REGISTERED NUMBER: 06794454)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 15 MAY 2024


7. RELATED PARTY DISCLOSURES

The company is controlled by its directors, throughout the current period and previous year.

As at the year end South Sea Import Export Company Limited, a company which the director K Magalhaes has an interest, was owed £12,250 (2023: - £12,250).

As at the year end Brasil Restaurants Limited, a company which the director K Magalhaes has an interest, was owed £281,924 (2023: - £155,924).
During the year a management charge of £110,000 was issued to Brasil Restaurants Limited from Bem Brasil Limited for services provided.

As at the year end Bem Brasil Liverpool Limited, a company which the director K Magalhaes has an interest, was owed £535,050 (2023: - £495,050).

As at the year end Bem Brasil Restaurants Limited, a company which the director K Magalhaes has an interest, was owed £25,613 (2023: - £95,613).
During the year a management charge of £130,000 was issued to Bem Brasil Restaurants Limited from Bem Brasil Limited for services provided.

As at the year end the director K Magalhaes owes the company £49,631.