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Registration number: 07215701

BPM Investment Consultants Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 April 2024

 

BPM Investment Consultants Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

BPM Investment Consultants Limited

Company Information

Directors

Mrs J R Pugh

Mr J C Pugh

Registered office

3RD Floor
Lawford House
Albert Place
London
London
N3 1QA

Accountants

Sterlings Ltd Chartered Accountants
Lawford House
Albert Place
London
N3 1QA

 

BPM Investment Consultants Limited

(Registration number: 07215701)
Balance Sheet as at 30 April 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

19,324

25,765

Current assets

 

Debtors

5

2,502

1,738

Cash at bank and in hand

 

5,505

4,680

 

8,007

6,418

Creditors: Amounts falling due within one year

6

(76,884)

(33,519)

Net current liabilities

 

(68,877)

(27,101)

Total assets less current liabilities

 

(49,553)

(1,336)

Creditors: Amounts falling due after more than one year

6

(7,818)

(14,699)

Net liabilities

 

(57,371)

(16,035)

Capital and reserves

 

Called up share capital

7

100

100

Profit and loss account

(57,471)

(16,135)

Shareholders' deficit

 

(57,371)

(16,035)

For the financial year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

 

BPM Investment Consultants Limited

(Registration number: 07215701)
Balance Sheet as at 30 April 2024

Approved and authorised by the Board on 10 April 2025 and signed on its behalf by:
 

.........................................
Mrs J R Pugh
Director

.........................................
Mr J C Pugh
Director

 

BPM Investment Consultants Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
3RD Floor
Lawford House
Albert Place
London
London
N3 1QA
England

These financial statements were authorised for issue by the Board on 10 April 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

 

BPM Investment Consultants Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

Asset class

Depreciation method and rate

Furniture, Fittings and Equipment

25% reducing balance

Motor Vehicles

25% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

 

BPM Investment Consultants Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

 

BPM Investment Consultants Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 May 2023

14,539

33,080

47,619

At 30 April 2024

14,539

33,080

47,619

Depreciation

At 1 May 2023

11,516

10,338

21,854

Charge for the year

756

5,685

6,441

At 30 April 2024

12,272

16,023

28,295

Carrying amount

At 30 April 2024

2,267

17,057

19,324

At 30 April 2023

3,023

22,742

25,765

5

Debtors

Current

2024
£

2023
£

Prepayments

522

720

Other debtors

1,980

1,018

 

2,502

1,738

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

8

6,716

22,802

Trade creditors

 

1,295

549

Taxation and social security

 

-

4,756

Accruals and deferred income

 

1,529

1,529

Other creditors

 

67,344

3,883

 

76,884

33,519

 

BPM Investment Consultants Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

8

7,818

14,699

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100

       

8

Loans and borrowings

Current loans and borrowings

2024
£

2023
£

Bank borrowings

6,716

6,552

Hire purchase contracts

-

16,250

6,716

22,802

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

7,818

14,699

9

Related party transactions

As at the balance sheet date, the balance owed to the directors, J C Pugh and J R Pugh, amounted to £67,217 (2023 - £3,787).