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REGISTERED NUMBER: 10823225 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

BMG ADVISORS UK LIMITED

BMG ADVISORS UK LIMITED (REGISTERED NUMBER: 10823225)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024










Page

Balance sheet 1

Notes to the financial statements 3


BMG ADVISORS UK LIMITED (REGISTERED NUMBER: 10823225)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £ £
FIXED ASSETS
Tangible assets 4 - 899

CURRENT ASSETS
Debtors 5 4,720 6,674
Cash at bank 6 3,170 23,974
7,890 30,648
CREDITORS
Amounts falling due within one year 7 (7,790 ) (10,720 )
NET CURRENT ASSETS 100 19,928
TOTAL ASSETS LESS CURRENT
LIABILITIES

100

20,827

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings - 20,727
SHAREHOLDERS' FUNDS 100 20,827

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

BMG ADVISORS UK LIMITED (REGISTERED NUMBER: 10823225)

BALANCE SHEET - continued
30 JUNE 2024


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

In accordance with Section 444 of the Companies Act 2006, the Statement of income and retained earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 March 2025 and were signed on its behalf by:





M Agafonova - Director


BMG ADVISORS UK LIMITED (REGISTERED NUMBER: 10823225)

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


1. STATUTORY INFORMATION

The company is a private company limited by shares which is incorporated and domiciled in the UK. The address of the company's registered office is 55 Ludgate Hill, London, EC4M 7JW.

The company's principle activity is that of a management consultancy activities. The directors plan to close the company soon.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Going Concern
The financial statements have been prepared on a non-going concern basis, which assumes that the company will not continue its operations for the foreseeable future. The directors have assessed the company's financial position and have concluded that there are significant uncertainties that cast substantial doubt on the company's ability to continue as a going concern. As a result, the financial statements have been prepared on a break-up basis, where assets are valued at their net realisable value and liabilities are recognised as they become due.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office equipment - Straight line over 3 years

Taxation
Tax is recognised in profit or loss.

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.

BMG ADVISORS UK LIMITED (REGISTERED NUMBER: 10823225)

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


2. ACCOUNTING POLICIES - continued

Foreign currencies
Functional and presentational currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the Statement of income and retained earnings.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of income and retained earnings within 'administration expenses'.

Revenue recognition
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Revenue from consultancy fees are recognised as the services are provided.

Interest Income
Interest income is recognised in profit or loss using the effective interest method.

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

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

BMG ADVISORS UK LIMITED (REGISTERED NUMBER: 10823225)

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


4. TANGIBLE FIXED ASSETS
Office
equipment
£
COST
At 1 July 2023
and 30 June 2024 1,348
DEPRECIATION
At 1 July 2023 449
Charge for year 899
At 30 June 2024 1,348
NET BOOK VALUE
At 30 June 2024 -
At 30 June 2023 899

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors - 6,336
Directors' loan accounts 4,317 -
Called up share capital not paid 100 100
Prepayments 303 238
4,720 6,674

6. CASH AT BANK
2024 2023
£ £
Bank account GBP 3,170 1,415
Bank account USD - 22,559
3,170 23,974

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Corporation tax 3,458 5,611
Accruals - 5,109
Accrued expenses 4,332 -
7,790 10,720

BMG ADVISORS UK LIMITED (REGISTERED NUMBER: 10823225)

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


8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
90 A Ordinary 1 90 90
10 B Ordinary 1 10 10
100 100

9. RELATED PARTY DISCLOSURES

At the year end, £4,317 (2023: £nil) was owed to the company jointly by the directors. This amount was interest free and repayable on demand.