Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31truefalse12023-04-01No description of principal activity1trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 13349009 2023-04-01 2024-03-31 13349009 2022-04-01 2023-03-31 13349009 2024-03-31 13349009 2023-03-31 13349009 c:Director1 2023-04-01 2024-03-31 13349009 d:CurrentFinancialInstruments 2024-03-31 13349009 d:CurrentFinancialInstruments 2023-03-31 13349009 d:Non-currentFinancialInstruments 2024-03-31 13349009 d:Non-currentFinancialInstruments 2023-03-31 13349009 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 13349009 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 13349009 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 13349009 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 13349009 d:ShareCapital 2024-03-31 13349009 d:ShareCapital 2023-03-31 13349009 d:RetainedEarningsAccumulatedLosses 2024-03-31 13349009 d:RetainedEarningsAccumulatedLosses 2023-03-31 13349009 c:FRS102 2023-04-01 2024-03-31 13349009 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 13349009 c:FullAccounts 2023-04-01 2024-03-31 13349009 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 13349009 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure
Registered number: 13349009









BM HOUSES LTD

UNAUDITED

FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
BM HOUSES LTD
REGISTERED NUMBER: 13349009

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Investments
 4 
639,054
614,794

  
639,054
614,794

Current assets
  

Debtors: amounts falling due within one year
 5 
3,415
19,423

Cash at bank and in hand
 6 
24,321
185

  
27,736
19,608

Creditors: amounts falling due within one year
 7 
(623,894)
(581,036)

Net current liabilities
  
 
 
(596,158)
 
 
(561,428)

Total assets less current liabilities
  
42,896
53,366

Creditors: amounts falling due after more than one year
 8 
(56,493)
(56,492)

  

Net liabilities
  
(13,597)
(3,126)


Capital and reserves
  

Called up share capital 
 9 
100
100

Profit and loss account
  
(13,697)
(3,226)

  
(13,597)
(3,126)


Page 1

 
BM HOUSES LTD
REGISTERED NUMBER: 13349009

BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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 profit and loss account 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 on 24 March 2025.




M Sahiti
Director

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

Page 2

 
BM HOUSES LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

BM Houses Ltd is a private company limited by shares, incorporated in England and Wales on 21 April 2021, with a company registration number of 13349009. The address of the registered office is 64 Rose Avenue, Queens Hill, Costessey, Norwich, Norfolk, NR8 5EX.

2.Accounting policies

 
2.1

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 following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been prepared on a going concern basis, despite the net liabilities, which assumes the continued support of the company director in the foreseeable furture. The director considers that the resources available to the company will be sufficient for it to be able to continue as a going concern and has considered a period of at least twelve months from the date of the signed accounts. The financial statements do not contain any adjustments that would be required if the company were not able to continue as a going concern.

 
2.3

Revenue

Turnover comprises Revenue recognised by the company in respect of rental income during the year.
Revenue is measured as the fair value of the consideration received or receivable.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.


Page 3

 
BM HOUSES LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.7

Investment property

Investment property is carried at fair market value determined annually by external valuers or the company director and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment.

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.11

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).

Page 4

 
BM HOUSES LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Fixed asset investments





Investment properties

£



Cost or valuation


At 1 April 2023
614,794


Additions
24,260



At 31 March 2024
639,054




The 2024 valuations were made by M Sahiti, the director, on an open market value for existing use basis.
The original cost of the investment properties was £639,054.


5.


Debtors

2024
2023
£
£


Amounts owed by associated company
3,010
19,000

Prepayments
405
423

3,415
19,423



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
24,321
185



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other creditors
580,201
539,202

Accruals
43,693
41,834

623,894
581,036


Page 5

 
BM HOUSES LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Mortgages
56,493
56,492


The following liabilities were secured:

2024
2023
£
£



Mortgages
56,493
56,492

Details of security provided:

This figure represents the aggregate amount of all secured creditors in the company's balance sheet in respect of which security has been given by the company on its own assets.


9.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) Ordinary shares of £1.00 each
100
100



10.


Related party transactions

During the year the company loaned monies to a company in which the director M Sahiti has a material interest.
The amount due from that company at 31 March 2024 was £3,010 (2023 £19,000). The loan is interest free and repayable on demand.
At 1 April 2023 M Sahiti's directors current account was a credit balance of £538,698, during the year monies were introduced of £59,490, and withdrawals made of £18,321, leaving a credit balance of £579,867 as at 31 March 2024. Interest is charged and the loan is repayable on demand.


Page 6