Company registration number 10427288 (England and Wales)
BILL PLANT HOLDINGS LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024
PAGES FOR FILING WITH REGISTRAR
BILL PLANT HOLDINGS LIMITED
BALANCE SHEET
AS AT
31 MAY 2024
31 May 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Investments
4
150,002
150,002
Current assets
Debtors falling due after more than one year
5
-
0
955,670
Debtors falling due within one year
5
494,889
379,554
494,889
1,335,224
Creditors: amounts falling due within one year
6
(554,294)
(476,914)
Net current (liabilities)/assets
(59,405)
858,310
Total assets less current liabilities
90,597
1,008,312
Creditors: amounts falling due after more than one year
7
-
0
865,000
Capital and reserves
Called up share capital
8
150,000
150,000
Profit and loss reserves
(59,403)
(6,688)
Total equity
90,597
143,312
90,597
1,008,312

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and signed by the director and authorised for issue on 25 March 2025
A Watson
Director
Company Registration No. 10427288
BILL PLANT HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024
- 2 -
1
Accounting policies
Company information

Bill Plant Holdings Limited is a private company limited by shares incorporated in England and Wales. The registered office is 69 Carter Lane, London, EC4V 5EQ. The company's place of business is Canalside House, 7 Charter Road, Ripon, HG4 1AJ.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.

1.2
Going concern

The subsidiary company has provided an assurance to the company that it will continue to provide sufficient financial support to the company to enable it to meet its liabilities as they fall due. trueThe subsidiary company continues to trade profitability and has adequate funds to meets it liabilities as they fall due and is able to continue to support the company.

 

At the time of approving the financial statements, the director has a reasonable expectation that the company and its subsidiary company have adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements of Bill Plant Holdings Limited.

1.3
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

BILL PLANT HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2024
1
Accounting policies
(Continued)
- 3 -
1.4
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.5
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method 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. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

 

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.6
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.7
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

BILL PLANT HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2024
1
Accounting policies
(Continued)
- 4 -
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.8
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The company did not have any employees during the period.

2024
2023
Number
Number
Total
-
0
-
0
BILL PLANT HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2024
- 5 -
4
Fixed asset investments
2024
2023
£
£
Shares in group undertakings and participating interests
150,002
150,002
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Prepayments and accrued income
399,286
379,554
Deferred tax asset (note )
95,603
-
0
494,889
379,554
2024
2023
Amounts falling due after more than one year:
Amounts owed by group undertakings
-
0
865,000
Deferred tax asset
-
0
90,670
-
0
955,670
Total debtors
494,889
1,335,224
6
Creditors: amounts falling due within one year
2024
2023
£
£
Amounts owed to group undertakings
147,421
92,908
Corporation tax
2,835
-
0
Other creditors
2
2
Accruals and deferred income
404,036
384,004
554,294
476,914
7
Creditors: amounts falling due after more than one year
2024
2023
£
£
Loans
-
0
865,000
BILL PLANT HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2024
- 6 -
8
Called up share capital
2024
2023
£
£
Ordinary share capital
Issued and fully paid
130,000 A Ordinary Shares of £1 each
130,000
130,000
15,000 B Ordinary Shares of £1 each
15,000
15,000
5,000 C Ordinary Shares of £1 each
5,000
5,000
150,000
150,000
9
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006:

The auditor's report was unqualified.

Senior Statutory Auditor:
Derek Humphrey BA ACA
Statutory Auditor:
Littlestone Golding
10
Events after the reporting date

In September 2024 the company's subsidiary company obtained additional secured loan funding of £3 million repayable over a five year term, in respect of which the company has provided a guarantee and security.

11
Related party transactions

The following amounts were outstanding at the reporting end date:

2024
2023
Amounts due to related parties
£
£
Entities over which the entity has control, joint control or significant influence
147,421
92,908
Key management personnel
-
865,000

The following amounts were outstanding at the reporting end date:

2024
2023
Amounts due from related parties
£
£
Entities over which the entity has control, joint control or significant influence
-
865,000
2024-05-312023-06-01false25 March 2025CCH SoftwareCCH Accounts Production 2023.200No description of principal activityThis audit opinion is unqualifiedA C Watson104272882023-06-012024-05-31104272882024-05-31104272882023-05-3110427288core:Non-currentFinancialInstrumentscore:AfterOneYear2024-05-3110427288core:Non-currentFinancialInstrumentscore:AfterOneYear2023-05-3110427288core:CurrentFinancialInstruments2024-05-3110427288core:CurrentFinancialInstruments2023-05-3110427288core:CurrentFinancialInstrumentscore:WithinOneYear2024-05-3110427288core:CurrentFinancialInstrumentscore:WithinOneYear2023-05-3110427288core:Non-currentFinancialInstruments2024-05-3110427288core:Non-currentFinancialInstruments2023-05-3110427288core:ShareCapital2024-05-3110427288core:ShareCapital2023-05-3110427288core:RetainedEarningsAccumulatedLosses2024-05-3110427288core:RetainedEarningsAccumulatedLosses2023-05-3110427288core:ShareCapitalOrdinaryShares2024-05-3110427288core:ShareCapitalOrdinaryShares2023-05-3110427288bus:Director12023-06-012024-05-31104272882022-06-012023-05-3110427288core:AfterOneYear2024-05-3110427288core:AfterOneYear2023-05-3110427288bus:OrdinaryShareClass12023-06-012024-05-3110427288bus:OrdinaryShareClass22023-06-012024-05-3110427288bus:OrdinaryShareClass32023-06-012024-05-3110427288bus:OrdinaryShareClass12024-05-3110427288bus:OrdinaryShareClass22024-05-3110427288bus:OrdinaryShareClass32024-05-3110427288bus:PrivateLimitedCompanyLtd2023-06-012024-05-3110427288bus:SmallCompaniesRegimeForAccounts2023-06-012024-05-3110427288bus:FRS1022023-06-012024-05-3110427288bus:Audited2023-06-012024-05-3110427288bus:FullAccounts2023-06-012024-05-31xbrli:purexbrli:sharesiso4217:GBP