Bournemouth Building & Maintenance Limited

	Page
Strategic Report	1—2
Directors' Report	3
Independent Auditor's Report	4—5
Statement of Income and Retained Earnings	6
Balance Sheet	7
Notes to the Financial Statements	8—9

The directors present their strategic report for the year ended 31 March 2025.

Principal Activity

BBML trades solely with the BCP Council. Services provided by the Company are:

• Planned works - kitchen & bathroom refurbishments; electrical testing & inspections; disabled adaptations; smoke alarm testing & installations; electrical works maintenance & installations.

• Refurbishment works to empty homes.

• Responsive building repairs.

• Labour resources to BCP Council for the delivery of other building works programmes including those undertaken by Seascape South Limited, a company also a subsidiary of BCP Council.

• Labour resources to the BCP Council for other trading undertakings in the Parks service.

Review of the Business

Turnover was £13,640k, an increase of £3,032k compared with the previous year, with a surplus of £433k achieved, an increase of £69k compared with the previous year. The turnover represents an annual increase of 29% and the surplus an annual increase of 19%. The main reason for these increases was because from August 2024 BBML commenced its Principal Activities in Poole postcodes, prior to that it was only operating in Bournemouth postcodes.

Results and Dividends

The profit for 2024/25 of £433k is not subject to tax as HMRC issued BBML with an exemption from corporation tax as it trades solely with the BCP Council.

The Directors recommended that £300k is returned to BCP Council as a dividend with the remainder being retained in the business primarily to cover the following business areas:

• Further and final repayments of short term borrowing from the parent entity

• Provision in the event of claims under the public liability and employer’s liability policies.

• Provision for repayment of costs for ‘Building Maintenance – New Ways of Working’ in relation to Project Planner for scheduling of programmed works, and to enable future ICT improvements to service delivery.

Strategy and Key Objectives

BBML was established to generate an income for BCP Council to support its statutory service provision and has as its vision statement ‘to provide efficient, quality, reliable and profitable building services and labour resources to BCP Council’.

The key objectives of BBML are to:

• generate a net profit.

• return a dividend to BCP Council.

• meet client performance targets.

• deliver services within client budgets.

• achieve all BCP Council requirements for the provision of labour resources.

• achieve the cost-plus model set by BCP Council.

• maintain the employment of apprentices, interns and trainees.

Social Responsibility

As a BCP Council wholly-owned Company, BBML aims to obey the spirit as well as the letter of the law and seeks to ensure social responsibility through ethical standards and national norms, and by adding value to the conurbation through:

• focus on using locally based small and medium sized companies, where possible, to aid the economic prosperity of the area.

• relationships with suppliers being based on honesty, fairness and courtesy.

• maintaining the employment of apprentices, interns and trainees and commit to providing at least four such places annually.

• providing worthwhile and satisfying projects for our staff to be involved in.

• dealing honestly with customers and securing their loyalty and trust.

• reducing the Company’s carbon footprint through reduced vehicle journeys, efficient use of resources and electronic working.

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Bournemouth Building & Maintenance Limited

Strategic Report (continued)

For The Year Ended 31 March 2025

Principal Risks and Uncertainties

The following items are identified as potential business risks and consideration is given to these in the Company’s risk register.

• Inability to deliver the service at a price acceptable to the BCP Council.

• Operating at a loss rather than a profit.

• Client departments not able to provide accurate information, scheduling and budgets.

• Inability to achieve an adequate cash flow resulting in a greater reliance on loan facilities.

• Inability to recruit and retain the quality of staff necessary to deliver a high-quality service within an acceptable price range.

• Inability to resource the required labour if Seascape South Limited expands too rapidly.

• Poor cost control resulting in missed profit opportunities.

• Unsustainably expensive BCP Council central services applied through the Resource Agreement or unforeseen expenditure added later.

• BCP Council services unable to provide the cost-effective, timely and comprehensive support necessary to operate commercially.

Future Developments

BBML provides building services and labour resources to BCP Council only and is therefore dependent on BCP Council for the amount of business it is able to undertake.

An internal review of the operating model for the Council’s Property Maintenance function is underway to help drive efficiencies and streamline activities. A ‘Moving Forwards’ improvement programme has been established to implement whole system changes where appropriate, which is likely to impact on the future operations of BBML to some degree.

The current operational objectives for BBML are to:

• ensure the Company can grow sustainably, build capacity in the operational workforce and take on more work for BCP Council where opportunities exist.

• keep materials supply contracts under review to ensure the full benefits are realised through greater accountability of supply and cost.

• continue to identify cost savings in the delivery of our services and ensure client standards and timescales are met.

• review processes to ensure timely workflow and management of jobs and undertake analysis of the charging model for services to the council’s housing revenue account (HRA).

• further develop performance indicators and other management information.

• review the support services provided by BCP Council through the Resource Agreement.

• continue to manage risks effectively.

Directors

The directors who held office during the year were as follows:

Mrs Nicola Webb

Mr Kieron Wilson

Mr Simon Mccormack

On behalf of the board

Mrs Nicola Webb

Director

4th December 2025

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Bournemouth Building & Maintenance Limited

Company No. 08737094

Directors' Report For The Year Ended 31 March 2025

Directors' Report

The directors present their report and the financial statements for the year ended 31 March 2025.

Matters covered in the Strategic Report

Disclosures required under s416(4) of the Companies Act 2006 are commented upon in the Strategic Report as the directors consider them to be of strategic importance to the business.

Statement of Directors' Responsibilities

The directors are responsible for preparing the Strategic Report, the Directors' Report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing the financial statements the directors are required to:

select suitable accounting policies and then apply them consistently;
make judgments and accounting estimates that are reasonable and prudent;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Statement of Disclosure of Information to Auditors

In the case of each director in office at the date the Directors' Report is approved:

so far as the director is aware, there is no relevant audit information of which the company's auditors are unaware; and
they have taken all the steps that they ought to have taken as directors to make themselves aware of any relevant audit information and to establish that the company's auditors are aware of that information.

On behalf of the board

Mrs Nicola Webb

Director

4th December 2025

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Independent Auditor's Report

to the Members of

Bournemouth Building & Maintenance Limited

Independent Auditor's Report

Opinion

We have audited the financial statements of Bournemouth Building & Maintenance Limited for the year ended 31 March 2025 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".

In our opinion the financial statements:

give a true and fair view of the state of the company's affairs as at 31 March 2025 and of its profit/(loss) for the year then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for Opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions Relating to Going Concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the entity's ability to continue as a going concern for a period of at least 12 months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Opinions on Other Matters Prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

the information given in the Strategic Report and Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
the Strategic Report and Directors' Report have been prepared in accordance with applicable legal requirements.

Matters on Which We Are Required to Report by Exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Directors' Report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
the financial statements are not in agreement with the accounting records or returns; or
certain disclosures of directors' remuneration specified by law are not made; or
we have not received all the information and explanations we require for our audit.

Responsibilities of Directors

As explained more fully in the Directors' Responsibilities Statement set out on page 3, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

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Independent Auditor's Report (continued)

to the Members of

Bournemouth Building & Maintenance Limited

Auditor's Responsibilities for the Audit of the Financial Statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

As part of designing our audit, we determined materiality and assessed the risks of material misstatement in the financial statements, including how fraud may occur by enquiring of management of its own consideration of fraud. In particular, we looked at where management made subjective judgements, for example in respect of significant accounting estimates that involved making assumptions and considering future events that are inherently uncertain. We also considered potential financial or other pressures, opportunity and motivations for fraud.

As part of this discussion we identified the internal controls established to mitigate risks related to fraud or noncompliance with laws and regulations and how management monitor these processes. Appropriate procedures included the review and testing of manual journals and key estimates and judgements made by management.

We gained an understanding of the legal and regulatory framework applicable to the Company and the industry in which it operates, drawing on our sector experience, and considered the risk of acts by the Company that were contrary to these laws and regulations, including fraud.

We focused on laws and regulations that could give rise to a material misstatement in the financial statements, including, but not limited to, the Companies Act 2006 and UK tax legislation.

We made enquiries of management with regards to compliance with the above laws and regulations and corroborated any necessary evidence to relevant information, for example, minutes of the directors’ meetings and correspondence between the Company and its solicitors.

Our tests included agreeing the financial statements disclosures to underlying supporting documentation and enquiries with management, identifying and testing journal entries, in particular any journal entries posted with unusual account combinations, reviewing of deferred income and accrued provisions.

We did not identify any key audit matters relating to irregularities, including fraud. As in all of our audits, we also addressed the risk of management override of internal controls including testing journals and evaluation whether there was evidence of bias by the directors that represented a risk of material misstatement due to fraud.

Our audit procedures were designed to respond to risks of material misstatement in the financial statements, recognising that the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery, misrepresentations or through collusion. There are inherent limitations in the audit procedures performed and the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we are to become aware of it.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Use Of Our Report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters that we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Nick Hixson (Senior Statutory Auditor)

for and on behalf of Hixsons Chartered Certified Accountants , Statutory Auditor

4th December 2025

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Bournemouth Building & Maintenance Limited

Statement of Income and Retained Earnings

For The Year Ended 31 March 2025

Statement of Income and Retained Earnings

		2025	2024
	Notes	£	£
TURNOVER		13,640,285	10,607,544
Cost of sales		(12,696,782 )	(9,794,376 )

GROSS PROFIT		943,503	813,168

Administrative expenses		(510,486 )	(439,046 )

OPERATING PROFIT		433,017	374,122
Interest payable and similar charges	4	-	(10,385 )

PROFIT FOR THE FINANCIAL YEAR		433,017	363,737
RETAINED EARNINGS
As at 1 April 2024		929,502	865,765
Dividends paid		(300,000)	(300,000)
As at 31 March 2025		1,062,519	929,502

The notes on pages 8 to 9 form part of these financial statements.

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Bournemouth Building & Maintenance Limited

Balance Sheet

As At 31 March 2025

Balance Sheet

Registered number: 08737094

		2025		2024
	Notes	£	£	£	£
CURRENT ASSETS
Debtors	5	1,640,232		622,684
Cash at bank and in hand		1,847,766		1,912,802

		3,487,998		2,535,486
Creditors: Amounts Falling Due Within One Year	6	(2,425,478 )		(1,605,983 )

NET CURRENT ASSETS (LIABILITIES)			1,062,520		929,503

TOTAL ASSETS LESS CURRENT LIABILITIES			1,062,520		929,503

NET ASSETS			1,062,520		929,503

CAPITAL AND RESERVES
Called up share capital	7		1		1
Profit and Loss Account			1,062,519		929,502

SHAREHOLDERS' FUNDS			1,062,520		929,503

On behalf of the board

Mrs Nicola Webb

Director

4th December 2025

The notes on pages 8 to 9 form part of these financial statements.

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Bournemouth Building & Maintenance Limited

Notes to the Financial Statements

For The Year Ended 31 March 2025

Notes to the Financial Statements

1. General Information

Bournemouth Building & Maintenance Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08737094 . The registered office is BCP Council Civic Centre, Bourne Avenue, Bournemouth, BH2 6EB.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Cash and Cash Equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.

3. Average Number of Employees

Average number of employees, including directors, during the year was as follows:

	2025	2024
Managers	2	2
Operations staff	163	133
Administrative staff	6	6

	171	141

4. Interest Payable and Similar Charges

	2025	2024
	£	£
Interest payable to group undertakings	-	10,385

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	405,721	-
Prepayments and accrued income	1,232,305	618,727
Other debtors	2,206	3,957

	1,640,232	622,684

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Bournemouth Building & Maintenance Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	1,590,205	415,738
Other taxes and social security	154,321	110,786
VAT	93,203	219,552
Other creditors	60,264	42,905
Accruals and deferred income	527,485	810,154
Amounts owed to group undertakings	-	6,848

	2,425,478	1,605,983

7. Share Capital

	2025	2024
Allotted, called up and fully paid	£	£
1 Ordinary Shares of £ 1.000 each	1	1

8. Related Party Disclosures

There were no Director related party transactions during the accounting year. The Company does not directly engage any Directors. Director services are provided by the BCP Council under the terms of a Resourcing Agreement for the provision of support and services to the Company. Officers or Members of the BCP Council that undertake the role of Directors for the Company do not receive any benefits as a result of their roles as Directors of the Company.

BCP Council

As sole shareholder, to 31st March 2025, BCP Council had effective control over the Company.

The amounts paid to and from this related party were as follows:

Payments to: £1,574,262 (2024: £801,734)

Payments from: £15,221,127 (2024: £12,859,587)

The amounts owing to and from this related party were as follows:

Owing to: £987,711 (2024: £333,743)

Owing from: £1,205,673 (2024: £618,464)

9. Controlling Parties

The company's ultimate controlling party is BCP Council by virtue of their interest in the share capital of the company.

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