Bicester Motion Innovation Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 15245483 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

BICESTER MOTION INNOVATION LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr D Geoghegan

Mrs S-J Curtis

Mr J Bentley

Mr J C Ashworth

Mr G P J White

REGISTERED OFFICE:

Bicester Motion

Building 123

Buckingham Road

Bicester

Oxfordshire

OX27 8AL

REGISTERED NUMBER:

15245483 (England and Wales)

AUDITORS:

Bronsens

Statutory Auditor

Hillside

Albion Street

Chipping Norton

Oxfordshire

OX7 5BH

FIXED ASSETS

Tangible assets

4

29,456,820

8,000,000

CURRENT ASSETS

Debtors

5

1,063,029

-

Cash at bank

42,446

-

1,105,475

-

CREDITORS

Amounts falling due within one year

6

2,004,886

7,999,900

NET CURRENT LIABILITIES

(899,411

)

(7,999,900

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

28,557,409

100

CREDITORS

Amounts falling due after more than one
year

7

28,549,733

-

NET ASSETS

7,676

100

CAPITAL AND RESERVES

Called up share capital

9

100

Retained earnings

7,576

-

SHAREHOLDERS' FUNDS

7,676

100

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 November 2025 and were signed on its behalf by:

Mr J Bentley - Director

1.	STATUTORY INFORMATION

Bicester Motion Innovation 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

not provided

Freehold property is depreciated over its estimated useful life of 50 years, however in the opinion of the directors the residual value of the freehold property after 50 years will not be materially different to the current value. On this basis, depreciation has not been provided.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

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 year 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4.	TANGIBLE FIXED ASSETS

Freehold

property

£

COST

At 1 April 2024

8,000,000

Additions

21,456,820

At 31 March 2025

29,456,820

NET BOOK VALUE

At 31 March 2025

29,456,820

At 31 March 2024

8,000,000

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Trade debtors

105,295

-

VAT

957,734

-

1,063,029

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Trade creditors

2,001,835

-

Amounts owed to group undertakings

-

7,999,900

Accrued expenses

3,051

-

2,004,886

7,999,900

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.3.25

31.3.24

£

Bank loans - 2-5 years

10,210,572

-

Amounts owed to group undertakings

18,339,161

-

28,549,733

-

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

Bank loans

10,210,572

-

During the year, on 13 September 2024, the company entered into a new development loan facility with a maximum loan amount of £26.8 million with Cain International Agent Limited acting as agent. At the balance sheet date £10.2m of this facility had been drawn. The remainder will be drawn in line with development expenditure in the subsequent year. The facility is secured by a fixed and floating charge over the company's freehold property.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

100

Ordinary

£1

100

10.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Philip Burton BSc FCA (Senior Statutory Auditor)

for and on behalf of Bronsens

11.	ULTIMATE CONTROLLING PARTY

The controlling party is Bicester Motion Limited.

Bicester Motion Limited prepared consolidated financial statements for the group. The office is Bicester Motion, Building 123, Buckingham Road, Bicester, Oxfordshire, OX27 8AL.