REGISTERED NUMBER: 15670612 (England and Wales)

BCP 101 Limited

Unaudited Financial Statements

for the Period 23rd April 2024 to 31st December 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D P Frost

Miss C A Goddard

Mrs M Stirling

REGISTERED OFFICE:

Regent's Court

Princess Street

Hull

East Yorkshire

HU2 8BA

REGISTERED NUMBER:

15670612 (England and Wales)

ACCOUNTANTS:

Smailes Goldie

Chartered Accountants

Regent's Court

Princess Street

Hull

East Yorkshire

HU2 8BA

FIXED ASSETS

Investments

4

5,789,116

CURRENT ASSETS

Cash in hand

250

CREDITORS

Amounts falling due within one year

5

3,808,100

NET CURRENT LIABILITIES

(3,807,850

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,981,266

CREDITORS

Amounts falling due after more than one year

6

1,610,775

NET ASSETS

370,491

CAPITAL AND RESERVES

Called up share capital

7

250

Retained earnings

370,241

370,491

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31st 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30th September 2025 and were signed on its behalf by:

D P Frost - Director

1.	STATUTORY INFORMATION

BCP 101 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.

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.

Preparation of consolidated financial statements

The financial statements contain information about BCP 101 Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover

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

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost, less provision for impairment.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 period 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 period was 3 .

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakin

£

COST

Additions

7,414,116

Impairments

(1,625,000

)

At 31st December 2024

5,789,116

NET BOOK VALUE

At 31st December 2024

5,789,116

Following the acquisition of a subsidiary company a dividend was paid from the subsidiary's pre-acquisition reserves. The directors have therefore reviewed the value of its investment in the subsidiary for impairment and concluded that it is appropriate to recognise an impairment charge equal to the value of the dividend received.

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Amounts owed to group undertakings

2,201,845

Taxation and social security

133,993

Other creditors

1,472,262

3,808,100

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

£

Other creditors

1,610,775

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Preference shares

210,775

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number

Class

Nominal

2024

Value

£

Equity instruments

2,000

A Ordinary

£0.10

200

250

B Ordinary

£0.10

25

250

C Ordinary

£0.10

25

Total equity instruments

250

Debt instruments (financial liabilities)

210,775

Irredeemable Preference

£1

210,775

211,025

The following shares were allotted and fully paid for cash at par during the period:

2,000 A Ordinary shares of £0.10 each

250 B Ordinary shares of £0.10 each

250 C Ordinary shares of £0.10 each

In addition to the above Ordinary shares, 210,775 Irredeemable Preference shares of £1 each were also allotted and issued in the period in consideration for the purchase of some shares in a subsidiary company.

The A Ordinary, B Ordinary and C Ordinary shares rank pari passu. having full voting rights, capital rights and right to participate in dividends, save that a dividend my be voted on one or more class of shares to the exclusion of the other classes or at different rates on the different classes.

The Irredeemable Preference shares carry no rights to vote, have a right to share in the capital of the company on a winding up in preference to claims from the Ordinary shareholders at a rate equal to the nominal value of each share and have a right to a 1p per share fixed dividend each year.