Caseware UK (AP4) 2024.0.164 2024.0.164 2024-03-312024-03-31false52023-09-01No description of principal activitytrue1truefalse 11726798 2023-09-01 2024-03-31 11726798 2022-09-01 2023-08-31 11726798 2024-03-31 11726798 2023-08-31 11726798 c:Director1 2023-09-01 2024-03-31 11726798 d:PatentsTrademarksLicencesConcessionsSimilar 2024-03-31 11726798 d:PatentsTrademarksLicencesConcessionsSimilar 2023-08-31 11726798 d:CurrentFinancialInstruments 2024-03-31 11726798 d:CurrentFinancialInstruments 2023-08-31 11726798 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 11726798 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 11726798 d:ShareCapital 2024-03-31 11726798 d:ShareCapital 2023-08-31 11726798 d:RetainedEarningsAccumulatedLosses 2024-03-31 11726798 d:RetainedEarningsAccumulatedLosses 2023-08-31 11726798 c:EntityNoLongerTradingButTradedInPast 2023-09-01 2024-03-31 11726798 c:FRS102 2023-09-01 2024-03-31 11726798 c:AuditExempt-NoAccountantsReport 2023-09-01 2024-03-31 11726798 c:FullAccounts 2023-09-01 2024-03-31 11726798 c:PrivateLimitedCompanyLtd 2023-09-01 2024-03-31 11726798 e:PoundSterling 2023-09-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 11726798









BMS EUROPE LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2024

 
BMS EUROPE LIMITED
REGISTERED NUMBER: 11726798

BALANCE SHEET
AS AT 31 MARCH 2024

31 March
31 August
2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
321
321

Cash at bank and in hand
  
-
1,780

  
321
2,101

Creditors: amounts falling due within one year
 5 
(6,519,499)
(6,521,279)

Net current liabilities
  
 
 
(6,519,178)
 
 
(6,519,178)

  

Net liabilities
  
(6,519,178)
(6,519,178)


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
(6,519,179)
(6,519,179)

  
(6,519,178)
(6,519,178)


For the period ended 31 March 2024 the Company was entitled to exemption from audit under section 480 of the Companies Act 2006.

Members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 14 August 2025.


Mrs M Payne
Director

The notes on pages 2 to 5 form part of these financial statements.

Page 1

 
BMS EUROPE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

1.


General information

BMS Europe Limited ("the Company") is a Company limited by shares, incorporated in England and Wales. Its registered office is Leytonstone House, 3 Hanbury Drive, Leytonstone, London, E11 1GA. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

 
2.2

Going concern

As part of a going concern review, the director has followed the guidelines published by the Financial Reporting Council entitled "Going Concern and Liquidity Risk Guidance for UK Companies 2009". The director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future as the company expects to receive continuing financial support from its parent and fellow subsidiary companies and other companies connected by virtue of common directorship and ownership. On this basis the director considers that the going concern basis of accounting remains appropriate.

 
2.3

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.4

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. 

 
2.5

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 2

 
BMS EUROPE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.6

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

Basic financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Page 3

 
BMS EUROPE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

3.


Intangible assets






Intangible assets

£



Cost


At 1 September 2023
6,500,000



At 31 March 2024

6,500,000



Amortisation


At 1 September 2023
6,500,000



At 31 March 2024

6,500,000



Net book value



At 31 March 2024
-



At 31 August 2023
-



Page 4

 
BMS EUROPE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024

4.


Debtors

31 March
31 August
2024
2023
£
£


Other debtors
321
321



5.


Creditors: Amounts falling due within one year

31 March
31 August
2024
2023
£
£

Amounts owed to group undertakings
4,970,040
4,878,806

Other creditors
1,546,459
1,639,473

Accruals and deferred income
3,000
3,000

6,519,499
6,521,279


 
Page 5