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Registered number: 14301927 Besseges FM Limited Financial statements Information for filing with the registrar For the Year Ended 28 February 2025
Besseges FM Limited Registered number: 14301927 Balance Sheet As at 28 February 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Tangible assets | 4 |  | 37,581 |  | -
Current assets |  |  |  |  |
Debtors: amounts falling due within one year | 5 | 1,471,680 |  | 366,462 |
Cash at bank and in hand | 6 | 348,620 |  | 64,885 |
|  | 1,820,300 |  | 431,347 |
Creditors: amounts falling due within one year | 7 | (1,216,841) |  | (336,573) |
Net current assets |  |  | 603,459 |  | 94,774
Provisions for liabilities |  |  |  |  |
Deferred tax |  |  | (5,837) |  | -
Net assets |  |  | 635,203 |  | 94,774
Capital and reserves |  |  |  |  |
Called up share capital |  |  | 1 |  | 1
Profit and loss account |  |  | 635,202 |  | 94,773
|  |  | 635,203 |  | 94,774
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities. The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime. The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
D Prendergast
Director
Date: 24 February 2026
The notes on pages 2 to 7 form part of these financial statements. Page 1
Besseges FM Limited Notes to the Financial Statements For the Year Ended 28 February 2025
1. | General information
Besseges FM Limited is a private company limited by share capital incorporated in England and Wales, registered number 14301927. The address of the registered office is Riverside, Dukinfield, England, SK16 4HE. 2.Accounting policies
| 2.1 | Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:
| 2.2 | Revenue
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised: Rendering of services Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied: ∙the amount of revenue can be measured reliably; ∙it is probable that the Company will receive the consideration due under the contract; ∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and ∙the costs incurred and the costs to complete the contract can be measured reliably.
| 2.3 | Operating leases: the Company as lessee
Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.
| 2.4 | Finance costs
Finance costs are charged to profit or loss 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. Page 2
Besseges FM Limited Notes to the Financial Statements For the Year Ended 28 February 2025 2.Accounting policies (continued)
| 2.5 | Pensions
Defined contribution pension plan The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations. The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.
| 2.6 | Current and deferred taxation
The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income. Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that: ∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and ∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met. Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
| 2.7 | Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. At each reporting date the Company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount. Page 3
Besseges FM Limited Notes to the Financial Statements For the Year Ended 28 February 2025 2.Accounting policies (continued)
| 2.7 | Tangible fixed assets (continued)
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis. Depreciation is provided on the following basis:
|  |  |  | Freehold property | - | 20% |
|  |  |  | Plant and machinery | - | 15% |
|  |  |  | Computer equipment | - | 15% |
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
| 2.8 | Debtors
Short-term debtors are measured at transaction price, less any impairment.
| 2.9 | Cash
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.
| 2.10 | Creditors
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
| 2.11 | Provisions for liabilities
Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made. Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties. Increases in provisions are generally charged as an expense to profit or loss.
| 2.12 | Financial instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares. Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective indications of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income and Retained Earnings. Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an Page 4
Besseges FM Limited Notes to the Financial Statements For the Year Ended 28 February 2025 2.Accounting policies (continued)
| 2.12 | Financial instruments (continued)
enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
3. | Employees
| The average monthly number of employees, including directors, during the year was 27 (2024 - 10).
4. | Tangible fixed assets
|  | Freehold property | Plant and machinery | Computer equipment | Total
|  | £ | £ | £ | £
| Cost or valuation |  |  |  |
| Additions | 13,241 | 16,768 | 8,746 | 38,755
| At 28 February 2025 | 13,241 | 16,768 | 8,746 | 38,755
| Depreciation |  |  |  |
| Charge for the year | - | 353 | 821 | 1,174
| At 28 February 2025 | - | 353 | 821 | 1,174
| Net book value |  |  |  |
| At 28 February 2025 | 13,241 | 16,415 | 7,925 | 37,581
| At 29 February 2024 | - | - | - | -
Page 5
Besseges FM Limited Notes to the Financial Statements For the Year Ended 28 February 2025
5. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade debtors | 1,264,521 | 88,331
| Amounts owed by group undertakings | - | 175,851
| Other debtors | 2,936 | 3,199
| Prepayments and accrued income | 87,764 | 11,305
| Amounts recoverable on long-term contracts | 116,459 | 87,776
|  | 1,471,680 | 366,462
6. | Cash
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Cash at bank and in hand | 348,620 | 64,885
7. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade creditors | 620,650 | 220,289
| Amounts owed to group undertakings | 112,742 | -
| Corporation tax | 237,754 | 33,060
| Other taxation and social security | 148,148 | 80,970
| Obligations under finance lease and hire purchase contracts | 638 | -
| Other creditors | 7,085 | 2,254
| Accruals and deferred income | 89,824 | -
|  | 1,216,841 | 336,573
8. | Contingent liabilities
The company has granted a fixed and floating charge over its assets in respect of loan facilities provided to other group companies. At the balance sheet date, the total outstanding liabilities of those group companies secured by this charge amounted to £15,684,284. Page 6
Besseges FM Limited Notes to the Financial Statements For the Year Ended 28 February 2025
9. | Commitments under operating leases
| At 28 February 2025 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Not later than 1 year | 85,113 | 55,585
| Later than 1 year and not later than 5 years | 146,412 | 151,730
|  | 231,525 | 207,315
10. | Controlling party
The immediate parent undertaking is Besseges Holdings Limited, a company registered in England and Wales, registered number 14000970. The ultimate parent undertaking and controlling party is Hamsard 3791 Limited, a company registered in England and Wales, registered number15938559. Hamsard 3791 Limited is the parent company for the largest group for which group accounts are prepared. The consolidated financial statements of Hamsard 3791 Limited are available to the public and may be obtained from the Registrar of Companies, Companies House, Crown Way, Cardiff, C14 3UZ.
11. | Auditors' information
The auditors' report on the financial statements for the year ended 28 February 2025 was unqualified. The audit report was signed on 24 February 2026 by Chris Stewardson (Senior Statutory Auditor) on behalf of Hurst Accountants Limited.
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