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B H P ASSOCIATES LIMITED

Registered Number
15117161
(England and Wales)

Unaudited Financial Statements for the Period ended
31 December 2024

B H P ASSOCIATES LIMITED
Company Information
for the period from 5 September 2023 to 31 December 2024

Directors

PETERS, Benjamin
PETERS, Caroline
PETERS, Samuel William Harry
PETERS, Victoria

Registered Address

2 The Barns
Graystone Plains Lane, Hampsthwaite
Harrogate
HG3 2HT

Registered Number

15117161 (England and Wales)
B H P ASSOCIATES LIMITED
Statement of Financial Position
31 December 2024

Notes

2024

£

£

Fixed assets
Tangible assets329,300
29,300
Current assets
Debtors415,120
15,120
Creditors amounts falling due within one year5(33,038)
Net current assets (liabilities)(17,918)
Total assets less current liabilities11,382
Creditors amounts falling due after one year6(6,228)
Provisions for liabilities8(4,800)
Net assets354
Capital and reserves
Profit and loss account354
Shareholders' funds354
The financial statements were approved and authorised for issue by the Board of Directors on 18 June 2025, and are signed on its behalf by:
PETERS, Benjamin
Director
Registered Company No. 15117161
B H P ASSOCIATES LIMITED
Notes to the Financial Statements
for the period ended 31 December 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Basis of preparation
The financial statements have been prepared under the historical cost convention on a going concern basis unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Going concern
The directors have considered their cashflow position as part of their going concern assessment. The view of the directors is that, while they acknowledge all factors, the directors feel that the company is well placed to negotiate the unique set of conditions currently facing the UK economy.
Defined contribution pension plan
The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further obligation. Contributions to defined contribution plans are expensed in the period to which they relate. Amounts not paid are shown in other creditors in the Statement of Financial Position. The assets of the plan are held separately from the company in independently administered funds.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Fixtures and fittings3
Vehicles4
Finance leases and hire purchase contracts
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the Statement of Financial Position. They are depreciated over the shorter of their useful lives or the term of the lease. All other lease arrangements are classified as an operating lease.
Financial instruments
The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
2.Average number of employees

2024
Average number of employees during the year7
3.Tangible fixed assets

Vehicles

Fixtures & fittings

Total

£££
Cost or valuation
Additions64,6225,87270,494
Disposals(33,367)-(33,367)
At 31 December 2431,2555,87237,127
Depreciation and impairment
Charge for year6,2511,5767,827
At 31 December 246,2511,5767,827
Net book value
At 31 December 2425,0044,29629,300
At 04 September 23---
4.Debtors: amounts due within one year

2024

£
Other debtors15,120
Total15,120
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
5.Creditors: amounts due within one year

2024

£
Taxation and social security11,513
Finance lease and HP contracts5,338
Other creditors13,687
Accrued liabilities and deferred income2,500
Total33,038
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. The following liabilities included within creditors, amounts falling due within one year, are secured by the company: Finance lease and HP contracts £5,338
6.Creditors: amounts due after one year

2024

£
Other creditors6,228
Total6,228
The following liabilities included within other creditors, amounts falling due after one year, are secured by the company: Finance lease and HP contracts £6,228
7.Obligations under finance leases

2024

£
Finance lease and HP contracts6,228
8.Provisions for liabilities
Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation. Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the Statement of financial position date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties. When payments are eventually made, they are charged to the provision carries in the Statement of financial position.

2024

£
Net deferred tax liability (asset)4,800
Total4,800
9.Pension commitments
The company operates a defined contribution pension scheme in respect of the directors and employees. The company also makes contributions in respect of the directors' personal pension plans. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £7,200. Contributions totalling £Nil were payable to the schemes at the period end and are included in creditors.
10.Controlling party
This company's parent undertaking and ultimate holding company is Prospect Companies Limited, a company registered in England and Wales, company number 15085058. Its registered office is the same as that of B H P Associates Limited.
11.Parent-subsidiary relationships
As part of a small group, this company is exempt from producing group accounts. These accounts are for this company alone.