ACCOUNTS - Final Accounts preparation

Registered number: 14321100

BMZP LTD

UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024


BMZP LTD REGISTERED NUMBER:14321100

BALANCE SHEET

AS AT 31 DECEMBER 2024

		2024		2023
Note		£		£


Current assets
Debtors: amounts falling due within one year	4	40,196		33,597
Cash at bank	5	378,228		742,614
		418,424		776,211
Creditors: amounts falling due within one year	6	(697,414)		(445,008)
Net current (liabilities)/assets			(278,990)		331,203
Total assets less current liabilities			(278,990)		331,203

Net (liabilities)/assets			(278,990)		331,203

Capital and reserves
Called up share capital	7	2,347	2,652
Share premium account	8	1,434,321	1,310,104
Profit and loss account	8	(1,715,658)	(981,553)
		(278,990)	331,203

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their 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 by:

B T Mawson

Director

Date: 3 November 2025

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

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BMZP LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1.	General information

BMZP Ltd is a private company, limited by shares, registered in England and Wales, registration number 14321100. The registered office address is Elsley Court, 20-22 Great Titchfield Street, London, W1W 8BE.

The principal activity of the company continued to be that of a football agency.

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 Section 1A of the Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

2.2

Going concern

The financial statements have been prepared on the going concern basis as the directors have confirmed they will continue to provide necessary funding in order for the company to maintain its operations and meet liabilities in full for at least the next 12 months. On this basis, the directors are satisfied that the financial statements should be prepared on a going concern basis.

2.3

Foreign currency translation

Functional and presentation currency

The company's functional and presentational currency is pound sterling.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses that relate to borrowings are presented in the profit and loss account within 'administrative expenses'. All other foreign exchange gains and losses are presented in profit and loss account.

2.4

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Turnover from the sports talent management agency is recognised when it is probable the company will receive the rights to the consideration due under the contract.

2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

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BMZP LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.6

Pensions

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 payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment.

2.8

Cash

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

2.9

Creditors

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

2.10

Financial instruments

The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as trade and other debtors, trade and other creditors, and loans with related parties.

Employees

The average monthly number of employees, including directors, during the year was 7 (2023 - 10).

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BMZP LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Debtors

					2024	2023
					£	£


Trade debtors	15,150	2,949
Other debtors	2,247	6,865
Unpaid share capital	6,668	8,756
Prepayments and accrued income	16,131	15,027
	40,196	33,597

5.	Cash
		2024	2023
		£	£

	Cash at bank	378,228	742,614

6.	Creditors: amounts falling due within one year
		2024	2023
		£	£

Trade creditors	40,337	16,372
Other taxation and social security	15,461	18,361
Other creditors	590,950	353,608
Accruals	50,666	56,667
	697,414	445,008

7.	Share capital
		2024	2023
		£	£

Allotted, called up and fully paid

2,347 (2023 - 2,652) Ordinary shares of £1.00 each	2,347	2,652

Reserves

Share premium account

The share premium account is a non-distributable reserve which represents the excess of proceeds received over the nominal value of the shares issued.

Page 4


BMZP LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

9.	Pension commitments

The company operates a defined contribution scheme. 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 £6,711 (2023 - £7,927). Contributions totalling £1,134 (2023 - £NIL) were payable to the fund at the reporting date and are included in creditors.

10.	Transactions with directors

During the year, the director advanced £NIL (2023 - £350,000) to the company. As at the year end, the company owed £349,543 (2023 - £350,000) to the director. The loan is unsecured, interest free and repayable on demand.

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