BH INNOVATION CONSULTANT LTD Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 13398583

BH INNOVATION CONSULTANT LTD

Filleted Unaudited Financial Statements

31 May 2025

BH INNOVATION CONSULTANT LTD

Statement of Financial Position

31 May 2025

	2025	2024
Note	£	£

Fixed assets

Tangible assets	4	896,485	–

Current assets

Cash at bank and in hand	334	500

Creditors: amounts falling due within one year	5	954,959	2,384
		---------	-------
Net current liabilities		954,625	1,884
		---------	-------
Total assets less current liabilities		( 58,140)	( 1,884)
		--------	-------
Net liabilities		( 58,140)	( 1,884)
		--------	-------

Capital and reserves

Called up share capital	100	100
Profit and loss account	( 58,240)	( 1,984)
	--------	-------
Shareholders deficit	( 58,140)	( 1,884)
	--------	-------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

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

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

These financial statements were approved by the board of directors and authorised for issue on 9 June 2025 , and are signed on behalf of the board by:

Mr B Zan
Director

Company registration number: 13398583

BH INNOVATION CONSULTANT LTD

Notes to the Financial Statements

Year ended 31 May 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 35 Felix Road, London, W13 0NY, United Kingdom.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Investment property

Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. /or the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.

4. Tangible assets

	Freehold property	Plant and machinery	Total
	£	£	£
Cost or valuation
At 1 June 2024	–	–	–
Additions	935,955	16,485	952,440
Revaluations	( 55,955)	–	( 55,955)
	---------	--------	---------
At 31 May 2025	880,000	16,485	896,485
	---------	--------	---------
Depreciation
At 1 June 2024 and 31 May 2025	–	–	–
	---------	--------	---------
Carrying amount
At 31 May 2025	880,000	16,485	896,485
	---------	--------	---------
At 31 May 2024	–	–	–
	---------	--------	---------

Included within the above is investment property as follows:

	£
At 1 June 2024	–
Additions	935,955
Fair value adjustments	( 55,955)
	---------
At 31 May 2025	880,000
	---------

The property was revalued as at the year end using an independent sales valuer based on the current market conditions.

Plant and machinery includes fine art purchased during the year which is not considered as depreciated at the year end.

5. Creditors: amounts falling due within one year

	2025	2024
	£	£
Other creditors	954,959	2,384
	---------	-------

6. Director's advances, credits and guarantees

During the year the director entered into the following advances and credits with the company:

	2025
	Balance brought forward	Advances/ (credits) to the director	Balance outstanding
	£	£	£
Mr B Zan	( 1,684)	( 952,415)	( 954,099)
	-------	---------	---------

	2024
	Balance brought forward	Advances/ (credits) to the director	Balance outstanding
	£	£	£
Mr B Zan	( 1,300)	( 384)	( 1,684)
	-------	----	-------