Caseware UK (AP4) 2024.0.164 2024.0.164 2025-03-31 2025-03-31 false 2024-04-01 false No description of principal activity 1 1 true true The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13349009 2024-04-01 2025-03-31 13349009 2023-04-01 2024-03-31 13349009 2025-03-31 13349009 2024-03-31 13349009 c:Director1 2024-04-01 2025-03-31 13349009 d:CurrentFinancialInstruments 2025-03-31 13349009 d:CurrentFinancialInstruments 2024-03-31 13349009 d:Non-currentFinancialInstruments 2025-03-31 13349009 d:Non-currentFinancialInstruments 2024-03-31 13349009 d:CurrentFinancialInstruments d:WithinOneYear 2025-03-31 13349009 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 13349009 d:Non-currentFinancialInstruments d:AfterOneYear 2025-03-31 13349009 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 13349009 d:ShareCapital 2025-03-31 13349009 d:ShareCapital 2024-03-31 13349009 d:InvestmentPropertiesRevaluationReserve 2025-03-31 13349009 d:InvestmentPropertiesRevaluationReserve 2024-03-31 13349009 d:RetainedEarningsAccumulatedLosses 2025-03-31 13349009 d:RetainedEarningsAccumulatedLosses 2024-03-31 13349009 d:TaxLossesCarry-forwardsDeferredTax 2025-03-31 13349009 d:TaxLossesCarry-forwardsDeferredTax 2024-03-31 13349009 d:OtherDeferredTax 2025-03-31 13349009 d:OtherDeferredTax 2024-03-31 13349009 c:OrdinaryShareClass1 2024-04-01 2025-03-31 13349009 c:OrdinaryShareClass1 2025-03-31 13349009 c:OrdinaryShareClass1 2024-03-31 13349009 c:FRS102 2024-04-01 2025-03-31 13349009 c:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 13349009 c:FullAccounts 2024-04-01 2025-03-31 13349009 c:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 13349009 e:PoundSterling 2024-04-01 2025-03-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 13349009 BM HOUSES LTD UNAUDITED FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE YEAR ENDED 31 MARCH 2025
BM HOUSES LTD REGISTERED NUMBER: 13349009 BALANCE SHEET AS AT 31 MARCH 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Investments | 5 |  | 773,776 |  | 639,054
|  |  | 773,776 |  | 639,054
Current assets |  |  |  |  |
Debtors: amounts falling due within one year | 6 | 5,679 |  | 3,415 |
Cash at bank and in hand | 7 | 78 |  | 24,321 |
|  | 5,757 |  | 27,736 |
Creditors: amounts falling due within one year | 8 | (718,457) |  | (623,894) |
Net current liabilities |  |  | (712,700) |  | (596,158)
Total assets less current liabilities |  |  | 61,076 |  | 42,896
Creditors: amounts falling due after more than one year | 9 |  | (56,491) |  | (56,493)
Provisions for liabilities |  |  |  |  |
Deferred tax |  | (1,864) |  | - |
|  |  | (1,864) |  | -
Net assets/(liabilities) |  |  | 2,721 |  | (13,597)
Capital and reserves |  |  |  |  |
Called up share capital | 11 |  | 100 |  | 100
Investment property reserve |  |  | 11,530 |  | -
Profit and loss account |  |  | (8,909) |  | (13,697)
|  |  | 2,721 |  | (13,597)
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BM HOUSES LTD REGISTERED NUMBER: 13349009 BALANCE SHEET (CONTINUED) AS AT 31 MARCH 2025 The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006. 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 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 profit and loss account 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 on 25 February 2026.
M Sahiti
Director
The notes on pages 3 to 8 form part of these financial statements. Page 2
BM HOUSES LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
1. | General information
BM Houses Ltd is a private company limited by shares, incorporated in England and Wales on 21 April 2021, with a company registration number of 13349009. The address of the registered office is 64 Rose Avenue, Queens Hill, Costessey, Norwich, Norfolk, NR8 5EX. 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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies. The following principal accounting policies have been applied:
| 2.2 | Going concern
The financial statements have been prepared on a going concern basis, despite the net liabilities of the previous year, which assumes the continued support of the company director in the foreseeable furture. The director considers that the resources available to the company will be sufficient for it to be able to continue as a going concern and has considered a period of at least twelve months from the date of the signed accounts. The financial statements do not contain any adjustments that would be required if the company were not able to continue as a going concern.
| 2.3 | Revenue
Turnover comprises Revenue recognised by the company in respect of rental income during the year. Revenue is measured as the fair value of the consideration received or receivable.
| 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.
| 2.5 | Borrowing costs
All borrowing costs are recognised in profit or loss in the year in which they are incurred. Page 3
BM HOUSES LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2.Accounting policies (continued)
| 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 | Investment property
Investment property is carried at fair market value determined annually by external valuers or the company director and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.
| 2.8 | Debtors
Short-term debtors are measured at transaction price, less any impairment.
| 2.9 | Cash and cash equivalents
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. Page 4
BM HOUSES LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2.Accounting policies (continued)
| 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 has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments. Basic financial assets Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments. Basic financial liabilities Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities. Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial. Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.
3. | Employees
| The average monthly number of employees, including directors, during the year was 1 (2024 - 1).
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BM HOUSES LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
4. | Factors affecting future taxation
The company has taxable losses carried forward of £7,919 (2024 £10,727) available for set-off against future trading profits.
5. | Fixed asset investments
|  | Investment properties
|  | £
| Cost or valuation |
| At 1 April 2024 | 639,054
| Additions | 119,348
| Revaluations | 15,374
| At 31 March 2025 | 773,776
| The 2025 valuations were made by M Sahiti, the director, on an open market value for existing use basis. The original cost of the investment properties was £758,402.
6. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Amounts owed by associated company | 5,679 | 3,010
| Prepayments | - | 405
|  | 5,679 | 3,415
7. | Cash and cash equivalents
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Cash at bank and in hand | 78 | 24,321
Page 6
BM HOUSES LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
8. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Other creditors | 633,831 | 580,201
| Accruals | 84,626 | 43,693
|  | 718,457 | 623,894
9. | Creditors: Amounts falling due after more than one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Mortgages | 56,491 | 56,493
| The following liabilities were secured:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Mortgages | 56,491 | 56,493
| Details of security provided:
This figure represents the aggregate amount of all secured creditors in the company's balance sheet in respect of which security has been given by the company on its own assets.
10. | Deferred taxation
|  | 2025
|  | £
| Charged to profit or loss | 1,864
| At end of year | 1,864
| The deferred taxation balance is made up as follows:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Tax losses carried forward | (1,980) | -
| Investment property revaluations | 3,844 | -
|  | 1,864 | -
Page 7
BM HOUSES LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
11. | Share capital
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
|  | Allotted, called up and fully paid |  |
|  | 100 (2024 - 100) Ordinary shares of £1.00 each | 100 | 100
12. | Related party transactions
| During the year the company loaned monies to a company in which the director M Sahiti has a material interest. The amount due from that company at 31 March 2025 was £5,679 (2024 £3,010). The loan is interest free and repayable on demand. At 1 April 2024 M Sahiti's directors current account was a credit balance of £579,867, during the year monies were introduced of £89,038, and withdrawals made of £35,074, leaving a credit balance of £633,831 as at 31 March 2025. Interest is charged and the loan is repayable on demand.
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