Registration number:
Balcomm Holdings Ltd
for the Year Ended 30 September 2024
Balcomm Holdings Ltd
Contents
Company Information |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
Balcomm Holdings Ltd
Company Information
Directors |
Mr P A Richardson Mr J Faul Mr D Bryant |
Registered office |
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Registered number |
12449012 |
Accountants |
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Balcomm Holdings Ltd
(Registration number: 12449012)
Balance Sheet as at 30 September 2024
Note |
2024 |
2023 |
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Fixed assets |
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Investments |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current liabilities |
( |
( |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
( |
( |
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Net assets |
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Capital and reserves |
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Called up share capital |
150 |
150 |
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Retained earnings |
3,576,324 |
3,279,619 |
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Shareholders' funds |
3,576,474 |
3,279,769 |
Balcomm Holdings Ltd
(Registration number: 12449012)
Balance Sheet as at 30 September 2024
For the financial year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The directors acknowledge their 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 directors have not delivered to the registrar a copy of the Profit and Loss Account.
Approved and authorised by the
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Balcomm Holdings Ltd
Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
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.
The financial statements are presented in Sterling (£) and figures are shown to the nearest whole pound.
Investments
Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
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.
Balcomm Holdings Ltd
Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
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.
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Investments |
2024 |
2023 |
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Investments in subsidiaries |
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Subsidiaries |
£ |
Cost or valuation |
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At 1 October 2023 |
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Carrying amount |
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At 30 September 2024 |
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At 30 September 2023 |
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Balcomm Holdings Ltd
Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024
Details of undertakings
Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:
Undertaking |
Registered office |
Holding |
Proportion of voting rights and shares held |
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2024 |
2023 |
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Subsidiary undertakings |
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England and Wales |
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Debtors |
Current |
Note |
2024 |
2023 |
Amounts owed by related parties |
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Other debtors |
- |
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Creditors |
Creditors: amounts falling due within one year
Note |
2024 |
2023 |
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Due within one year |
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Loans and borrowings |
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Amounts due to related parties |
- |
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Other creditors |
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Creditors: amounts falling due after more than one year
Note |
2024 |
2023 |
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Due after one year |
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Loans and borrowings |
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Balcomm Holdings Ltd
Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024
Share capital |
Allotted, called up and fully paid shares
2024 |
2023 |
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No. |
£ |
No. |
£ |
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50 |
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50 |
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50 |
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50 |
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50 |
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50 |
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Loans and borrowings |
Non-current loans and borrowings
2024 |
2023 |
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Other borrowings |
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Current loans and borrowings
2024 |
2023 |
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Other borrowings |
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As at the balance sheet date, the company owed secured loan notes amounting to £1,828,991 (2023: 2,128,991) repayable in monthly instalments of £25,000.
Balcomm Holdings Ltd
Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024
Dividends |
Final dividends paid
2024 |
2023 |
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Final dividend of £ |
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Final dividend of £ |
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Final dividend of £ |
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Related party transactions |
Directors balance
As at balance sheet date, the company owed £- (2023: £1,264) to Mr J Faul, a director of the company
As at balance sheet date, Mr D Bryant, a director of the company, owed £- (2023: £70,647) to the company.
As at balance sheet date, Mr P Richardson, a director of the company, owed £- (2023: £31,713) to the company.
Amount owed by subsidiary company
Balcomm Limited
At the balance sheet date, Balcomm Limited owed £148,944 (2023 : £116,427) to the company.
Control |
The ultimate controlling parties