Registered number: 14398637 (England and Wales)
BMD INTERNATIONAL UK LTD
DIRECTORS' REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
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COMPANY INFORMATION
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ZEDRA Corporate Reporting Services (UK) Limited
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CONTENTS
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Statement of Changes in Equity
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Notes to the Financial Statements
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BMD INTERNATIONAL UK LTD
REGISTERED NUMBER:14398637
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BALANCE SHEET
AS AT 30 JUNE 2024
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Debtors: amounts falling due within one year
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Creditors: amounts falling due within one year
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Total assets less current liabilities
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The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.
The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
The notes on pages 3 to 6 form part of these financial statements.
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STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 JUNE 2024
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Shares issued during the year
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
1.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The prior period was a short accounting period covering 9 months as the directors elected to align the accounting period with group requirements. Therefore the prior period accounts are not entirely comparable.
The following principal accounting policies have been applied:
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Exemption from preparing consolidated financial statements
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The Company, and the Group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and Group are considered eligible for the exemption to prepare consolidated accounts.
The financial statements have been prepared on a going concern basis as the Company has received confirmation from BMD International Pty Ltd, the Company's parent, of its intention to continue to provide financial and other support to the extent necessary to enable the Company to continue to pay its liabilities as and when they become due for a period not less than one year from the date of approval of these financial statements. Having regard to this intention, the directors believe it is appropriate to prepare these financial statements on a going concern basis.
Investments in subsidiaries are measured at cost less accumulated impairment.
Short term debtors are measured at the transaction price. Amounts owed by group undertakings are intercompany loans measured at cost. These loans are unsecured, interest free and repayable on demand.
Short term creditors are measured at the transaction price. Amounts owed to group undertakings are intercompany loans measured at cost. These loans are unsecured, interest free and repayable on demand.
The auditors' report on the financial statements for the year ended 30 June 2024 was unqualified.
The audit report was signed on 14 March 2025 by Edward Wallis ACA (Senior Statutory Auditor) on behalf of ZEDRA Corporate Reporting Services (UK) Limited.
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
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Judgements in applying accounting policies and key sources of estimation uncertainty
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The preparation of financial statements requires management to make judgements, estimates and assumptions that affect the application of accounting policies and the measurement of assets and liabilities.
Carrying value of investments
During the year, the investment in BMD Infrastructure Services Ltd was changed to reflect an additional investment in this company. Subsequently, the Company received additional capital to invest in its subsidiary, £2,100,000, which increased the cost of investment.
The directors have considered the forward looking information available and the expected performance and position of the investment to the end of 2029 and do not consider there to be any indicators of impairment at this stage. The forward looking information is based on assumptions relating to expected increases in turnover and margin which are sensitive to change. They have also used a cost of capital of 4.91% which could be subject to change and cause a material change in the carrying value of the investment.
The remaining investment value reflects the investment held in BMD Contractors Ltd which remains unchanged from the prior year.
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There were no employees during the period.
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
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The following were subsidiary undertakings of the Company:
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BMD Infrastructure Services Ltd
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Birchin Court 5th Floor, 19-25 Birchin Lane, London, United Kingdom, EC3V 9DU
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Birchin Court 5th Floor, 19-25 Birchin Lane, London, United Kingdom, EC3V 9DU
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The Ultimate Solutions Partnership Limited (indirect subsidary through BMD Infrastructure Services Ltd)
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Birchin Court 5th Floor, 19-25 Birchin Lane, London, United Kingdom, EC3V 9DU
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Amounts owed by group undertakings
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Prepayments and accrued income
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Creditors: Amounts falling due within one year
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Amounts owed to group undertakings
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Accruals and deferred income
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
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Allotted, called up and fully paid
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2,100,120 (2023 - 120) ordinary shares of £1.00 each
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During the year, the Company issued 2,100,000 ordinary shares at a price of £1 per ordinary share.
BMD Holdings Pty Ltd is the parent of the smallest group for which consolidated financial statements are drawn up of which the Company is a member. The registered office of the parent company is 1 Sandpiper Avenue, Port of Brisbane, QLD 4178.
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Post balance sheet events
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There were no adjusting or non-adjusting events occurring between the end of the reporting period and
the date these financial statements were approved.
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