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REGISTERED NUMBER: 02843578 (England and Wales)
























Unaudited Financial Statements

for the Year Ended 31 August 2024

for

Bkm Limited

Bkm Limited (Registered number: 02843578)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Bkm Limited

Company Information
for the Year Ended 31 August 2024







Directors: Dr B P Choudhary
Mrs K Kumar





Secretary: Mrs K Kumar





Registered office: 101 Dunraven Street
Tonypandy
Rhondda Cynon Tafff
CF40 1AR





Registered number: 02843578 (England and Wales)





Accountants: Curtis Bowden & Thomas Limited
Chartered Certified Accountants
101 Dunraven Street
Tonypandy
CF40 1AR

Bkm Limited (Registered number: 02843578)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £   
Fixed assets
Tangible assets 4 278,397 292,587
Investments 5 942,105 928,033
1,220,502 1,220,620

Current assets
Debtors 6 116,299 94,818
Cash at bank and in hand 170,347 87,716
286,646 182,534
Creditors
Amounts falling due within one year 7 589,090 550,999
Net current liabilities (302,444 ) (368,465 )
Total assets less current liabilities 918,058 852,155

Creditors
Amounts falling due after more than one
year

8

(321,931

)

(378,034

)

Provisions for liabilities (7,433 ) (9,855 )
Net assets 588,694 464,266

Capital and reserves
Called up share capital 300 300
Revaluation reserve 10 236,224 236,224
Retained earnings 352,170 227,742
Shareholders' funds 588,694 464,266

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

Bkm Limited (Registered number: 02843578)

Balance Sheet - continued
31 August 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 May 2025 and were signed on its behalf by:





Dr B P Choudhary - Director


Bkm Limited (Registered number: 02843578)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. Statutory information

Bkm Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The trading address is Millview Care Home, Brook Street, Ystrad, CF41 7RB.

2. Accounting policies

Basis of accounting
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 as modified by the revaluation of certain assets.

The company has taken advantage of the exemption in Financial Reporting Standard No.1 from the requirement to produce a cashflow statement on the grounds that it is a small company.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 2% on cost
Fixtures and fittings - 12.5% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. Employees and directors

The average number of employees during the year was 62 (2023 - 60 ) .

Bkm Limited (Registered number: 02843578)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

4. Tangible fixed assets
Fixtures
Land and and
buildings fittings Totals
£    £    £   
Cost or valuation
At 1 September 2023 300,000 432,288 732,288
Additions - 2,030 2,030
Disposals - (355,909 ) (355,909 )
At 31 August 2024 300,000 78,409 378,409
Depreciation
At 1 September 2023 57,000 382,701 439,701
Charge for year 6,000 10,220 16,220
Eliminated on disposal - (355,909 ) (355,909 )
At 31 August 2024 63,000 37,012 100,012
Net book value
At 31 August 2024 237,000 41,397 278,397
At 31 August 2023 243,000 49,587 292,587

Cost or valuation at 31 August 2024 is represented by:

Fixtures
Land and and
buildings fittings Totals
£    £    £   
Valuation in 2014 300,000 78,409 378,409

If Land and buildings had not been revalued they would have been included at the following historical cost:

31.8.24 31.8.23
£    £   
Cost 565,956 565,956
Aggregate depreciation 565,956 565,956

Freehold land and buildings were valued on an open market value basis on 25 February 2015 by Pinders .

5. Fixed asset investments
Loans to
group
undertakings
£   
At 1 September 2023 928,033
New in year 14,072
At 31 August 2024 942,105

Bkm Limited (Registered number: 02843578)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

6. Debtors: amounts falling due within one year
31.8.24 31.8.23
£    £   
Trade debtors 86,154 80,963
Other debtors 30,145 13,855
116,299 94,818

7. Creditors: amounts falling due within one year
31.8.24 31.8.23
£    £   
Bank loans and overdrafts 54,344 53,581
Trade creditors 48,395 111,151
Taxation and social security 43,251 57,104
Other creditors 443,100 329,163
589,090 550,999

8. Creditors: amounts falling due after more than one year
31.8.24 31.8.23
£    £   
Bank loans 321,931 378,034

9. Secured debts

The following secured debts are included within creditors:

31.8.24 31.8.23
£    £   
Bank loans 376,275 431,615

There is a legal charge to secure all the liabilities of the Company to National Westminster Bank Plc.

10. Reserves
Revaluation
reserve
£   
At 1 September 2023
and 31 August 2024 236,224

11. Related party disclosures

All the share capital of the company is owned by Newcore Limited, a holding company.

At the year end BKM Limited was owed £942,105 (2023 - £928,033) from Newcore Healthcare Limited, which is also wholly owned by Newcore Limited.

In addition BKm Limited was owed £25,610 from Silvercrown Limited,

There is also loans Payable outstanding to Silvercrest Limited £182,944 (2023 £101,242) and Silvercrown (Swansea) Limited for £20,342.

Dr B Choudhary is also a director of these companies and these loans are repayable on demand.

Bkm Limited (Registered number: 02843578)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

12. Ultimate controlling party

Ultimate control of the company lies with the directors.