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Registered number: 14398637 (England and Wales)














BMD INTERNATIONAL UK LTD

DIRECTORS' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024


 
BMD INTERNATIONAL UK LTD
 

 
COMPANY INFORMATION


Directors
P Anusas 
C A Mortensen 
S W Power
S L Killeen
 
G O Fenemore 




Registered number
14398637



Registered office
Birchin Court
5th Floor

19-25 Birchin Lane

London

United Kingdom

EC3V 9DU




Independent auditors
ZEDRA Corporate Reporting Services (UK) Limited






 
BMD INTERNATIONAL UK LTD
 


CONTENTS



Page
Balance Sheet
 
1
Statement of Changes in Equity
 
2
Notes to the Financial Statements
 
3 - 6



 
BMD INTERNATIONAL UK LTD
REGISTERED NUMBER:14398637


BALANCE SHEET
AS AT 30 JUNE 2024

2024
2023
Note
£
£

Fixed assets
  

Investments
 5 
2,100,240
240

  
2,100,240
240

Current assets
  

Debtors: amounts falling due within one year
 6 
405
500

  
405
500

Creditors: amounts falling due within one year
 7 
(11,940)
(5,640)

Net current liabilities
  
 
 
(11,535)
 
 
(5,140)

Total assets less current liabilities
  
2,088,705
(4,900)

  

Net assets
  
2,088,705
(4,900)


Capital and reserves
  

Called up share capital 
 8 
2,100,120
120

Profit and loss account
  
(11,415)
(5,020)

  
2,088,705
(4,900)


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: 


G O Fenemore
Director

Date: 13 March 2025

The notes on pages 3 to 6 form part of these financial statements.

Page 1


 
BMD INTERNATIONAL UK LTD
 


STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 JUNE 2024


Called up share capital
Profit and loss account
Total equity

£
£
£


At 1 October 2022
120
-
120



Loss for the period
-
(5,020)
(5,020)



At 1 July 2023
120
(5,020)
(4,900)



Loss for the year
-
(6,395)
(6,395)

Shares issued during the year
2,100,000
-
2,100,000


At 30 June 2024
2,100,120
(11,415)
2,088,705


Page 2


 
BMD INTERNATIONAL UK LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.Accounting policies

 
1.1

Basis of preparation of financial statements

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:

 
1.2

Exemption from preparing consolidated financial statements

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.

 
1.3

Going concern

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.

 
1.4

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
1.5

Debtors

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.

  
1.6

Creditors

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.


2.


Auditors' information

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.

Page 3


 
BMD INTERNATIONAL UK LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

3.


Judgements in applying accounting policies and key sources of estimation uncertainty

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.


4.


Employees


There were no employees during the period.



5.


Fixed asset investments





Fixed asset investments

£



Cost or valuation


At 1 July 2023
240


Additions
2,100,000



At 30 June 2024
2,100,240




Page 4


 
BMD INTERNATIONAL UK LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

Subsidiary undertakings


The following were subsidiary undertakings of the Company:

Name

Registered office

Class of shares

Holding

BMD Infrastructure Services Ltd
Birchin Court 5th Floor, 19-25 Birchin Lane, London, United Kingdom, EC3V 9DU
Ordinary
100%
BMD Contractors Ltd
Birchin Court 5th Floor, 19-25 Birchin Lane, London, United Kingdom, EC3V 9DU
Ordinary
100%
The Ultimate Solutions Partnership Limited (indirect subsidary through BMD Infrastructure Services Ltd)
Birchin Court 5th Floor, 19-25 Birchin Lane, London, United Kingdom, EC3V 9DU
Ordinary
100%


6.


Debtors

2024
2023
£
£


Amounts owed by group undertakings
120
120

Prepayments and accrued income
285
380

405
500



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Amounts owed to group undertakings
7,590
1,590

Accruals and deferred income
4,350
4,050

11,940
5,640


Page 5


 
BMD INTERNATIONAL UK LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

8.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



2,100,120 (2023 - 120) ordinary shares of £1.00 each
2,100,120
120


During the year, the Company issued 2,100,000 ordinary shares at a price of £1 per ordinary share.


9.


Controlling party

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.


10.


Post balance sheet events

There were no adjusting or non-adjusting events occurring between the end of the reporting period and
the date these financial statements were approved.

 
Page 6