Company Registration No. 14684331 (England and Wales)
BMR N15 LIMITED
Unaudited accounts
for the year ended 28 February 2025
BMR N15 LIMITED
Unaudited accounts
Contents
BMR N15 LIMITED
Company Information
for the year ended 28 February 2025
Company Number
14684331 (England and Wales)
Registered Office
C/O 32 Castlewood Road
London
NW16 6DW
United Kingdom
BMR N15 LIMITED
Statement of financial position
as at 28 February 2025
Called up share capital not paid
1
1
Tangible assets
5,000,000
3,817,627
Cash at bank and in hand
198
3,083
Creditors: amounts falling due within one year
(1,642,204)
(1,514,881)
Net current liabilities
(1,578,449)
(1,449,022)
Total assets less current liabilities
3,421,552
2,368,606
Creditors: amounts falling due after more than one year
(2,450,000)
(2,450,000)
Provisions for liabilities
Other provisions
(272,000)
-
Net assets/(liabilities)
699,552
(81,394)
Called up share capital
1
1
Profit and loss account
699,551
(81,395)
Shareholders' funds
699,552
(81,394)
For the year ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 25 November 2025 and were signed on its behalf by
C M Margulies
Director
Company Registration No. 14684331
BMR N15 LIMITED
Notes to the Accounts
for the year ended 28 February 2025
BMR N15 LIMITED is a private company, limited by shares, registered in England and Wales, registration number 14684331. The registered office is C/O 32 Castlewood Road, London, NW16 6DW, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 28 February 2025 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 23 February 2023.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The financial statements have been prepared in accordance with the accounting principals appropriate to a going concern.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible fixed assets are investment properties. No depreciation is provided in respect of investment properties in accordance with the fair value model.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is
provided on these gains at the rate expected to apply when the property is sold.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Turnover is represented by rents and charges received or receivable from investment property held by the company.
BMR N15 LIMITED
Notes to the Accounts
for the year ended 28 February 2025
4
Tangible fixed assets
Land & buildings
Cost or valuation
At valuation
At 28 February 2025
5,000,000
At 28 February 2025
5,000,000
At 29 February 2024
3,817,627
Amounts falling due within one year
Other debtors
63,557
62,776
6
Creditors: amounts falling due within one year
2025
2024
Other creditors
1,617,902
1,450,270
7
Creditors: amounts falling due after more than one year
2025
2024
Bank loans
2,450,000
2,450,000
The above bank loans are secured on the company's investment properties.
8
Average number of employees
During the year the average number of employees was 0 (2024: 0).