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Registration number: 12592959

BMH Estates Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 May 2024

 

BMH Estates Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 8

 

BMH Estates Limited

Company Information

Director

B P K Dhoot

Registered office

Connaught House
48 High Street
Slough
Berkshire
SL1 1EL

Accountants

Ardmore Accountancy Limited
Chartered Certified Accountants
Suite 2
Jupiter Business Suites
30a Packhorse Road
Gerrards Cross
Buckinghamshire
SL9 7DA

 

BMH Estates Limited

(Registration number: 12592959)
Balance Sheet as at 31 May 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

548

374

Investment property

5

3,973,755

3,973,755

 

3,974,303

3,974,129

Current assets

 

Stocks

6

34,120

20,714

Debtors

7

10,509

23,861

Cash at bank and in hand

 

343,819

357,433

 

388,448

402,008

Creditors: Amounts falling due within one year

8

(18,425)

(51,038)

Net current assets

 

370,023

350,970

Net assets

 

4,344,326

4,325,099

Capital and reserves

 

Called up share capital

1

1

Other reserves

3,224,000

3,224,000

Retained earnings

1,120,325

1,101,098

Shareholders' funds

 

4,344,326

4,325,099

For the financial year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 18 February 2025
 

B P K Dhoot
Director

   
     
 

BMH Estates Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Connaught House
48 High Street
Slough
Berkshire
SL1 1EL

These financial statements were authorised for issue by the director on 18 February 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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 taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

BMH Estates Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

25% straight line basis

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate. The values are reviewed annually by the directors of the company using observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.Trade debtors are recognised at the transaction price, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.Trade creditors are recognised at the transaction price.

Share capital

Ordinary shares are classified as equity.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

 

BMH Estates Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 3 (2023 - 3).

4

Tangible assets

Office equipment
£

Total
£

Cost or valuation

At 1 June 2023

428

428

Additions

365

365

At 31 May 2024

793

793

Depreciation

At 1 June 2023

54

54

Charge for the year

191

191

At 31 May 2024

245

245

Carrying amount

At 31 May 2024

548

548

At 31 May 2023

374

374

5

Investment properties

2024
£

At 1 June

3,973,755

At 31 May

3,973,755

Investment properties were valued on an open market basis by the directors.

There has been no valuation of investment property by an independent valuer.

 

BMH Estates Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

6

Stocks

2024
£

2023
£

Other inventories

34,120

20,714

 

BMH Estates Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

7

Debtors

Note

2024
£

2023
£

Amounts owed by related parties

9

500

14,496

Prepayments

 

1,830

1,605

Other debtors

 

8,179

7,760

 

10,509

23,861

8

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

7,363

45,890

Accruals and deferred income

4,900

1,800

Other creditors

6,162

3,348

18,425

51,038

9

Related party transactions

Transactions with the director

2024

At 1 June 2023
£

Advances to director
£

Repayments by director
£

At 31 May 2024
£

B S Hothi

Interest free loan, repayable on demand

14,496

-

(14,496)

-

B P K Dhoot

Interest free loan, repayable on demand

-

500

-

500

2023

At 1 June 2022
£

Advances to director
£

Repayments by director
£

At 31 May 2023
£

B S Hothi

Interest free loan, repayable on demand

1,544

14,496

(1,544)

14,496

 

BMH Estates Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

10

Parent and ultimate parent undertaking

The company's immediate parent is ONEBSH Limited, incorporated in England and Wales.

  These financial statements are available upon request from Connaught House, 48 High Street, Slough, SL1 1EL