BTC (London) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 08781373 (England and Wales)

FINANCIAL STATEMENTS

FOR THE PERIOD 31 MARCH 2024 TO 31 MARCH 2025

FOR

BTC (LONDON) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R Sodha

A Sodha

REGISTERED OFFICE:

164-166 Bowes Road

London

N11 2JG

REGISTERED NUMBER:

08781373 (England and Wales)

ACCOUNTANTS:

Kothari & Associates Ltd

30 Oakington Avenue

Harrow

Middlesex

HA2 7JJ

FIXED ASSETS

Intangible assets

5

-

Tangible assets

6

17,557

19,753

17,557

19,753

CURRENT ASSETS

Debtors

7

524,753

70,033

Cash at bank and in hand

975,525

1,050,257

1,500,278

1,120,290

CREDITORS

Amounts falling due within one year

8

690,227

299,125

NET CURRENT ASSETS

810,051

821,165

TOTAL ASSETS LESS CURRENT
LIABILITIES

827,608

840,918

CAPITAL AND RESERVES

Called up share capital

11

2

Retained earnings

12

827,606

840,916

SHAREHOLDERS' FUNDS

827,608

840,918

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 28 December 2025 and were signed on its behalf by:

R Sodha - Director

A Sodha - Director

1.	STATUTORY INFORMATION

BTC (London) 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.

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

10% on reducing balance

Computer equipment

-

20% on reducing balance

Taxation

Taxation for the period 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 or deferred taxation assets and liabilities are not discounted.

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 period 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 6 (2024 - 10 ) .

5.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 31 March 2024

and 31 March 2025

325,000

AMORTISATION

At 31 March 2024

and 31 March 2025

325,000

NET BOOK VALUE

At 31 March 2025

-

At 30 March 2024

-

6.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

COST

At 31 March 2024

30,544

5,925

42,024

78,493

Additions

-

1,182

At 31 March 2025

30,544

5,925

43,206

79,675

DEPRECIATION

At 31 March 2024

19,044

3,592

36,104

58,740

Charge for period

1,725

233

1,420

3,378

At 31 March 2025

20,769

3,825

37,524

62,118

NET BOOK VALUE

At 31 March 2025

9,775

2,100

5,682

17,557

At 30 March 2024

11,500

2,333

5,920

19,753

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

30/3/24

£

Trade debtors

47,888

-

Interco to be billed

35,876

-

Amounts owed by group undertakings

422,759

70,033

Other debtors

312

-

Prepayments

17,918

-

524,753

70,033

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

30/3/24

£

Bank loans and overdrafts (see note 9)

12,409

22,408

Trade creditors

1,357

-

Tax

52,970

48,674

Social security and other taxes

7,201

7,001

VAT

1,711

6,438

Other creditors

175,000

Pension

1,140

1,971

NatWest and Amex CC

1,133

4,194

Deposits

334,114

-

Directors' current accounts

4,192

6,314

Accrued expenses

99,000

27,125

690,227

299,125

9.

LOANS

An analysis of the maturity of loans is given below:

31/3/25

30/3/24

£

Amounts falling due within one year or on demand:

Bank loans

12,409

22,408

This refers to Business Bounce Back Loan as at 31 March 2025 of £12,409 (2024 : £22,408). The loan is repayable within 6 years with the rate of interest fixed at 2.5% per annum starting 13 months after the first drawdown

10.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31/3/25

30/3/24

£

Within one year

14,400

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/3/25

30/3/24

value:

£

2

Ordinary

1

2

12.

RESERVES

Retained

earnings

£

At 31 March 2024

840,916

Profit for the period

86,690

Dividends

(100,000

)

At 31 March 2025

827,606

13.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the year ended 31 March 2025, the company owed the directors £4,192 (2024 : £6,314).

During the year, total dividends amounting to £100,000 (2024 - £100,000) were paid to the directors.

14.	RELATED PARTY DISCLOSURES

At the year ended 31 March 2025, the company was owed £411,000 by Prudent Properties (London) Limited, a company in which directors have beneficial interest.

15.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the directors of the company, by virtue of owning majority shareholding in the company.