In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of BMV Solicitors Limited for the year ended 30 December 2024 which comprise, the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com/regulation.

This report is made solely to the board of directors of BMV Solicitors Limited, as a body, in accordance with the terms of our engagement letter dated 17 September 2024. Our work has been undertaken solely to prepare for your approval the completion accounts of BMV Solicitors Limited and state those matters that we have agreed to state to the board of directors of BMV Solicitors Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than BMV Solicitors Limited and its board of directors as a body, for our work or for this report.

It is your duty to ensure that BMV Solicitors Limited has kept adequate accounting records and to prepare the completion accounts that give a true and fair view of the assets, liabilities, financial position and profit of BMV Solicitors Limited. You consider that BMV Solicitors Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of BMV Solicitors Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

BMV Solicitors Limited is a private company limited by shares incorporated in England and Wales. The registered office is 203b Soho Road, Handsworth, Birmingham, West Midlands, England, B21 9SX.

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

The financial statements have been prepared on a going concern basis, which places reliance on the continued support of the company's director and shareholder.

The director and shareholder has given assurances that he will continue to provide such support as is necessary to the business in the form of loans, and that he will not seek repayment of amounts due to him until such time as the company can do so without detriment to liabilities due to external creditors and to its ongoing working cash flow requirements, and in any case not before a date which is within twelve months from the date of these financial statements.

Therefore the director believes that the company has adequate resources to continue its current operations, and that it remains appropriate to prepare the company's financial statements on a going concern basis, and the financial statements do not include the adjustments that would result if the company was unable to continue as a going concern.

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion, when the stage of completion, costs incurred and costs to complete can be estimated reliably

Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired, and also includes the agreed purchase of business operating assets and working capital from the previous owner recognised on realisation of those assets. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life of 10 years.

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Work-in-progress represents the estimated recoverable value of legal contracts in progress, less the estimated future costs up to completion, net of Value Added Tax.

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

The tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

The average monthly number of persons (including directors) employed by the company during the year was:

The long-term loans are underwritten by HM Government under the Bounce Back Loans legislation.

The company granted current account facilities to the director, who withdrew amounts totalling £33,365 and made repayments totalling £21,813 during the year, leaving £11,552 owed to the company at the year end. The loan is unsecured, interest-free, and carries no stipulation as to terms of repayment. The loan was fully repaid on 6 April 2025.