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REGISTERED NUMBER: 07241692 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 20 MAY 2024

FOR

BEM BRASIL LIVERPOOL LIMITED

BEM BRASIL LIVERPOOL LIMITED (REGISTERED NUMBER: 07241692)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 20 MAY 2024










Page

Balance Sheet 1

Notes to the Financial Statements 2


BEM BRASIL LIVERPOOL LIMITED (REGISTERED NUMBER: 07241692)

BALANCE SHEET
20 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 137,379 163,613

CURRENT ASSETS
Stocks 36,700 36,700
Debtors 5 769,423 798,793
Cash at bank 23,837 43,086
829,960 878,579
CREDITORS
Amounts falling due within one year 6 1,211,847 1,166,360
NET CURRENT LIABILITIES (381,887 ) (287,781 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(244,508

)

(124,168

)

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings (245,508 ) (125,168 )
(244,508 ) (124,168 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 20 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 20 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 LIVERPOOL LIMITED (REGISTERED NUMBER: 07241692)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 20 MAY 2024


1. STATUTORY INFORMATION

Bem Brasil Liverpool 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: 07241692

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.

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.
Improvements to property - 5% on cost
Fixtures and fittings - 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

BEM BRASIL LIVERPOOL LIMITED (REGISTERED NUMBER: 07241692)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 20 MAY 2024


2. ACCOUNTING POLICIES - continued

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 30 (2023 - 30 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and
property fittings Totals
£    £    £   
COST
At 21 May 2023
and 20 May 2024 153,469 806,338 959,807
DEPRECIATION
At 21 May 2023 92,625 703,569 796,194
Charge for year 7,634 18,600 26,234
At 20 May 2024 100,259 722,169 822,428
NET BOOK VALUE
At 20 May 2024 53,210 84,169 137,379
At 20 May 2023 60,844 102,769 163,613

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 683,848 723,848
Other debtors 85,575 74,945
769,423 798,793

BEM BRASIL LIVERPOOL LIMITED (REGISTERED NUMBER: 07241692)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 20 MAY 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 13,496 21,269
Trade creditors 405,568 260,147
Amounts owed to group undertakings 526,244 486,244
Tax 4,075 18,400
Social security and other taxes 138,741 261,519
VAT 43,412 38,470
Pension creditor 1,980 1,980
Accrued expenses 78,331 78,331
1,211,847 1,166,360

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, owed £103,075 (2023: - £183,075).

As at the year end Brasil Cheshire Limited, a company which the director K Magalhaes has an interest, owed £45,722 (2023: - £45,722).

As at the year end Bem Brasil Limited, a company which the director K Magalhaes has an interest, owed £535,050 (2023: - £415,050).

The following balances were owed by the company at the year end

As at the year end Brasil Restaurants Limited, a company which the director K Magalhaes has an interest, was owed £457,646 (2023: - £437,646).

As at the year end Bem Brasil Restaurants Limited, a company which the director K Magalhaes has an interest, was owed £68,598 (2023 - £48,598).