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REGISTERED NUMBER: 04421915 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

BGK Holdings Limited

BGK Holdings Limited (Registered number: 04421915)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


BGK Holdings Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: Dr G C Bourke
M S Graves





REGISTERED OFFICE: c/o Scangrit Limited
Eastfield Road
South Killingholme
Grimsby
North East Lincs
DN40 3NF





REGISTERED NUMBER: 04421915 (England and Wales)

BGK Holdings Limited (Registered number: 04421915)

Balance Sheet
31 December 2024

31.12.24 31.12.23
as restated
Notes £    £    £   
FIXED ASSETS
Investments 4 2,708,578 2,372,920

CURRENT ASSETS
Debtors 5 3,000 3,000
Cash at bank 160,131 173,131
163,131 176,131
CREDITORS
Amounts falling due within one year 6 118,668 75,552
NET CURRENT ASSETS 44,463 100,579
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,753,041

2,473,499

CAPITAL AND RESERVES
Called up share capital 600 600
Other reserves 30 30
Retained earnings 2,752,411 2,472,869
SHAREHOLDERS' FUNDS 2,753,041 2,473,499

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

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

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 20 May 2025 and were signed on its behalf by:





Dr G C Bourke - Director


BGK Holdings Limited (Registered number: 04421915)

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

1. STATUTORY INFORMATION

BGK Holdings 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 presentation currency of the financial statements is the Pound Sterling (£).


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.

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

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.

Investments
Investments held as fixed assets are shown at cost less provision for impairment.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

3. EMPLOYEES AND DIRECTORS

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

BGK Holdings Limited (Registered number: 04421915)

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

4. FIXED ASSET INVESTMENTS

a) Business Partnership

The partnership investment in Scangrit is a qualifying partnership. The business partnership's principle place of business is at Eastfield Road, South Killingholme, North East Lincolnshire, DN40 3NF. The statutory audited accounts of the partnership for the year ended 31 December 2023 have been appended to the financial statements in accordance with The Partnerships (Accounts) Regulations 2008.

The business partnership investment comprises the cost of a 50% interest in Scangrit whose principle activity is that of the storage, distribution, drying and packaging of industrial abrasives.

b) Participating Interests

The participating interests comprise of 1 ordinary share of £1 (representing a 50% interest) in the share capital of C.A.S. Filtration Limited (a company registered in England) for consideration of £1 and 1,500 ordinary shares of £1 each (representing a 50% interest) in the share capital of Scangrit Limited (a company registered in England) for consideration of £1.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
as restated
£    £   
Amounts owed by participating interests 3,000 3,000

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
as restated
£    £   
Trade creditors 360 -
Taxation and social security 117,137 74,081
Other creditors 1,171 1,471
118,668 75,552

7. RELATED PARTY DISCLOSURES

31.12.24 31.12.23
£ £
Dividends received from related parties 180,000 190,000
Management fees received 10,000 10,000
Share of the partnership's profit 405,658 363,488
Capital account balance in the partnership 2,708,578 2,372,920
Amounts owed by participating interests 3,000 3,000

The related parties consist of businesses the company currently hold an investment in.