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Company Registration No. 12438044 (England and Wales)
BTMIH LTD Unaudited accounts for the year ended 29 February 2024
BTMIH LTD Unaudited accounts Contents
Page
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BTMIH LTD Company Information for the year ended 29 February 2024
Directors
M T Mahmood B Tariq
Company Number
12438044 (England and Wales)
Registered Office
ALBANS ACCOUNTING 405 HATFIELD ROAD ST ALBANS AL4 0XP UNITED KINGDOM
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BTMIH LTD Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
253,592 
365,435 
Current assets
Debtors
9,543 
436 
Cash at bank and in hand
3,770 
4,799 
13,313 
5,235 
Creditors: amounts falling due within one year
(4,714)
(183)
Net current assets
8,599 
5,052 
Total assets less current liabilities
262,191 
370,487 
Creditors: amounts falling due after more than one year
(238,204)
(236,554)
Provisions for liabilities
Deferred tax
(3,794)
(24,799)
Net assets
20,193 
109,134 
Capital and reserves
Called up share capital
10 
10 
Revaluation reserve
16,175 
105,720 
Profit and loss account
4,008 
3,404 
Shareholders' funds
20,193 
109,134 
For the year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 13 February 2025 and were signed on its behalf by
M T Mahmood Director Company Registration No. 12438044
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BTMIH LTD Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
BTMIH LTD is a private company, limited by shares, registered in England and Wales, registration number 12438044. The registered office is ALBANS ACCOUNTING, 405 HATFIELD ROAD, ST ALBANS, AL4 0XP, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% straight line
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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BTMIH LTD Notes to the Accounts for the year ended 29 February 2024
4
Tangible fixed assets
Land & buildings 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 March 2023
362,809 
6,465 
369,274 
Revaluations
(110,550)
- 
(110,550)
At 29 February 2024
252,259 
6,465 
258,724 
Depreciation
At 1 March 2023
- 
3,839 
3,839 
Charge for the year
- 
1,293 
1,293 
At 29 February 2024
- 
5,132 
5,132 
Net book value
At 29 February 2024
252,259 
1,333 
253,592 
At 28 February 2023
362,809 
2,626 
365,435 
2024 
2023 
£ 
£ 
Carrying amount of land and buildings on cost basis
232,290 
232,290 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
9,543 
436 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
628 
183 
Other creditors
2,586 
- 
Accruals
1,500 
- 
4,714 
183 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
119,239 
127,149 
Other creditors
118,965 
109,405 
238,204 
236,554 
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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