BPDM Group Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—7

1. General Information

BPDM Group Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 01040484 . The registered office is Shaptor Studio, 35 Tranquil Vale, London, SE3 0BU.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

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 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Significant judgements and estimations

No judgements have been made in the process of applying the accounting policies that have had a significant effect on the amounts recognised in the financial statements.

No key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date which have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year have been made.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Motor Vehicles

25% reducing balance

2.4. Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially

measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are

not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Interest income on debt securities, where applicable, is recognised in income using the effective interest method.

Dividends on equity securities are recognised in income when receivable.

2.5. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.6. Cash and Cash Equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

2.7. Interest Receivable

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

2.8. Interest Payable

Finance costs are charged to the profit and loss account over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

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BPDM Group Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

2.9. Taxation

Income 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 profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 3 (2024: 3)

4. Tangible Assets

	Motor Vehicles
	£
Cost
As at 1 April 2024	83,260

As at 31 March 2025	83,260

Depreciation
As at 1 April 2024	24,718
Provided during the period	14,636

As at 31 March 2025	39,354

Net Book Value
As at 31 March 2025	43,906

As at 1 April 2024	58,542

5. Investments

	Subsidiaries	Listed	Unlisted	Total
	£	£	£	£
Cost
As at 1 April 2024	22,199,351	11,187,593	3,502,167	36,889,111
Additions	650,000	860,193	5,276	1,515,469
Disposals	-	(1,027,712 )	(1,067,912 )	(2,095,624 )
Revaluations	-	(255,727 )	(256,892 )	(512,619 )

As at 31 March 2025	22,849,351	10,764,347	2,182,639	35,796,337

...CONTINUED

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BPDM Group Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

Provision
As at 1 April 2024	-	-	-	-

As at 31 March 2025	-	-	-	-

Net Book Value
As at 31 March 2025	22,849,351	10,764,347	2,182,639	35,796,337

As at 1 April 2024	22,199,351	11,187,593	3,502,167	36,889,111

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the

company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking	Registered office	Holding	Proportion of voting rights and shares held
Subsidiary undertakings			2025	2024
Shaptor Capital Ltd	Shaptor Studio 35 Tranquil Vale London SE3 0BU England	Ordinary Shares	100%	100%
Exe Contracting Ltd	Shaptor Studio 35 Tranquil Vale London SE3 0BU England	Ordinary Shares	100%	100%
Butcher Curnow & Company Limited (held by Shaptor Capital Ltd)	Shaptor Studio 35 Tranquil Vale London SE3 0BU England	Ordinary Shares	100%	100%
Winterbourne Fields Limited (held by Shaptor Capital Ltd)	Shaptor Studio 35 Tranquil Vale London SE3 0BU England	Ordinary Shares	100%	100%
Mauro Developments LLP (held by Shaptor Capital Ltd)	Shaptor Studio 35 Tranquil Vale London SE3 0BU England	Partnership Shares	50%	50%

Subsidiary undertakings

Shaptor Capital Ltd

The principal activity of Shaptor Capital Ltd is property development.

Exe Contracting Ltd

The principal activity of Exe Contracting Ltd is building contractors.

Butcher Curnow & Company Limited (held by Shaptor Capital Ltd)

The principal activity of Butcher Curnow & Company Limited (held by Shaptor Capital Ltd) is property owners.

Winterbourne Fields Limited (held by Shaptor Capital Ltd)

The principal activity of Winterbourne Fields Limited (held by Shaptor Capital Ltd) is property construction.

Associates

Mauro Developments LLP

The principal activity of Mauro Developments LLP is property development.

...CONTINUED

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BPDM Group Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

5. Investments - continued

Other investments include

Quoted investments

Unquoted investments

6. Debtors

	2025	2024
	£	£
Due within one year
Prepayments and accrued income	4,218	8,791
Other debtors	263	4,477
Corporation tax recoverable assets	40,641	19,527

	45,122	32,795

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	7,891	7,090
Trade creditors	133	1,200
Other taxes and social security	6,862	2,993
Accruals and deferred income	12,687	11,796
Directors' loan accounts	500	500

	28,073	23,579

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	51,438	59,328

9. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	7,891	7,090
Later than one year and not later than five years	51,438	59,328

	59,329	66,418

	59,329	66,418

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards

of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the

present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter

of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance

sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease

obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

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BPDM Group Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

10. Provisions for Liabilities


	Deferred Tax	Total
	£	£
As at 1 April 2024	890,060	890,060
Reversals	(81,815 )	(81,815)

Balance at 31 March 2025	808,245	808,245

11. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

12. Parent and ultimate parent undertaking

The ultimate controlling party is the Trustees of The BPDM Group Limited Trust.

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		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		43,906		58,542
Investments	5		35,796,337		36,889,111

			35,840,243		36,947,653
CURRENT ASSETS
Debtors	6	45,122		32,795
Cash at bank and in hand		1,924,671		1,166,422

		1,969,793		1,199,217
Creditors: Amounts Falling Due Within One Year	7	(28,073 )		(23,579 )

NET CURRENT ASSETS (LIABILITIES)			1,941,720		1,175,638

TOTAL ASSETS LESS CURRENT LIABILITIES			37,781,963		38,123,291

Creditors: Amounts Falling Due After More Than One Year	8		(51,438 )		(59,328 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(808,245 )		(890,060 )

NET ASSETS			36,922,280		37,173,903

CAPITAL AND RESERVES
Called up share capital	11		100		100
Revaluation reserve			2,806,917		3,205,492
Profit and Loss Account			34,115,263		33,968,311

SHAREHOLDERS' FUNDS			36,922,280		37,173,903