IRIS Accounts Production v25.4.12.37 04974858 director 1.1.24 31.12.24 31.12.24 6.3.26 true false true false false true false Auditors Opinion Ordinary A 1.00000 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 04974858 2023-12-31 04974858 2024-12-31 04974858 2024-01-01 2024-12-31 04974858 2022-12-31 04974858 2023-01-01 2023-12-31 04974858 2023-12-31 04974858 ns15:EnglandWales 2024-01-01 2024-12-31 04974858 ns14:PoundSterling 2024-01-01 2024-12-31 04974858 ns10:Director1 2024-01-01 2024-12-31 04974858 ns10:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 04974858 ns10:SmallEntities 2024-01-01 2024-12-31 04974858 ns10:Audited 2024-01-01 2024-12-31 04974858 ns10:SmallCompaniesRegimeForDirectorsReport 2024-01-01 2024-12-31 04974858 ns10:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 04974858 ns10:FullAccounts 2024-01-01 2024-12-31 04974858 ns10:OrdinaryShareClass5 2024-01-01 2024-12-31 04974858 ns10:CompanySecretary1 2024-01-01 2024-12-31 04974858 ns10:RegisteredOffice 2024-01-01 2024-12-31 04974858 ns5:CurrentFinancialInstruments 2024-12-31 04974858 ns5:CurrentFinancialInstruments 2023-12-31 04974858 ns5:ShareCapital 2024-12-31 04974858 ns5:ShareCapital 2023-12-31 04974858 ns5:RetainedEarningsAccumulatedLosses 2024-12-31 04974858 ns5:RetainedEarningsAccumulatedLosses 2023-12-31 04974858 ns5:CostValuation 2023-12-31 04974858 ns5:Subsidiary1 2024-01-01 2024-12-31 04974858 1 ns5:Subsidiary1 2024-01-01 2024-12-31 04974858 ns5:Subsidiary1 2024-12-31 04974858 ns5:Subsidiary1 2023-12-31 04974858 ns5:Subsidiary1 2023-01-01 2023-12-31 04974858 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-12-31 04974858 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2023-12-31 04974858 ns10:OrdinaryShareClass5 2024-12-31 04974858 ns5:RetainedEarningsAccumulatedLosses 2023-12-31 04974858 ns5:RetainedEarningsAccumulatedLosses 2024-01-01 2024-12-31

REGISTERED NUMBER: 04974858 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

Birchman ESP Limited

| Birchman ESP Limited (Registered number: 04974858) |

CONTENTS OF THE FINANCIAL STATEMENTS

for the Year Ended 31 December 2024

Page |

| Company Information | 1 |

| Statement of Financial Position | 2 |

| Notes to the Financial Statements | 3 |

| Birchman ESP Limited |

COMPANY INFORMATION

for the Year Ended 31 December 2024

| DIRECTOR: | Mr I G Wyrley-Birch

| SECRETARY: | ITA Secretaries Limited

| REGISTERED OFFICE: | Units SCF 1&2 South Core

| Western International Market

| Hayes Road,

| Southall

| Middlesex

| UB2 5XJ

| REGISTERED NUMBER: | 04974858 (England and Wales)

| SENIOR STATUTORY AUDITOR: | Paul Laxton FCCA

| AUDITORS: | Xeinadin Audit Limited

| Chartered Accountants & Statutory Auditors

| 8th Floor

| Becket House

| 36 Old Jewry

| London

| EC2R 8DD

| Birchman ESP Limited (Registered number: 04974858) |

STATEMENT OF FINANCIAL POSITION

31 December 2024

| 31.12.24 | 31.12.23 |

| (Unaudited) |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Investments | 5 | 842 |  | 842 |  |

CURRENT ASSETS

Debtors | 6 | 2,000 |  | 2,351 |  |

Cash at bank | 1,538 |  | 532 |  |

3,538 |  | 2,883 |  |

CREDITORS

Amounts falling due within one year | 7 | 2,520 |  | 2,521 |  |

NET CURRENT ASSETS | 1,018 |  | 362 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 1,860 |  | 1,204 |  |

CAPITAL AND RESERVES

Called up share capital | 8 | 235 |  | 235 |  |

Retained earnings | 9 | 1,625 |  | 969 |  |

SHAREHOLDERS' FUNDS | 1,860 |  | 1,204 |  |

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 director and authorised for issue on 6 March 2026 and were signed by:

Mr I G Wyrley-Birch - Director

| Birchman ESP Limited (Registered number: 04974858) |

NOTES TO THE FINANCIAL STATEMENTS

for the Year Ended 31 December 2024

1. | STATUTORY INFORMATION

| Birchman ESP 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.

| The principal place of business is Victorian Wing, Hare Hatch Grange, Bath Road, Hare Hatch, Berkshire, RG10 9SA.

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 preparation - adverse audit opinion

| The financial statements have been prepared in accordance with FRS 102 Section 1A - Small Entities and the Companies Act 2006.

| The statutory auditor has issued an adverse opinion on the financial statements for the year ended 31st December 2024. The basis for this opinion is described in detail in the Independent Auditor’s Report. As a result of the matters described therein, the auditor has concluded that the financial statements do not give a true and fair view of the state of the company’s affairs as at the balance sheet date or of its profit or loss for the year then ended.

| Management has prepared the financial statements based on the accounting records available and the accounting policies set out in these financial statements.

| Going Concern

| The director has made appropriate enquiries and reviewed budgets and forecasts. After considering these and the current financial position, the directors has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Therefore, the accounts have been prepared on a going concern basis.

| Related party exemption

| The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

| Significant judgements and estimates

| The preparation of the financial statements involves management making judgements and estimates that affect the reported amounts of assets, liabilities, income, and expenses. These estimates are based on historical experience and other factors believed to be reasonable under the circumstances. Actual results may differ from these estimates, and management regularly reviews and updates them as needed.

| Turnover

| Turnover represents the invoiced value of services supplied by Birchman ESP Ltd, excluding VAT and trade discounts. Revenue is recognised when significant risks and rewards of ownership are transferred to the customer, typically upon delivery of completion of services.

| Financial instruments

| The company has financial assets and financial liabilities which are measured at amortized cost. Financial assets include trade and other receivables and cash and cash equivalents. Financial liabilities include trade payables and other short-term monetary liabilities. The company has no financial instruments measured at fair value through profit or loss.

| Financial assets and liabilities are initially recognised at fair value and subsequently measured at amortized cost using the effective interest method, less any impairment losses.

| Taxation

| Taxation for the year 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 statement of financial position date.

| Birchman ESP Limited (Registered number: 04974858) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 31 December 2024

3. | ACCOUNTING POLICIES - continued

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 year 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.

| Foreign currencies

| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

| Presentation currency

| The presentation currency is £ sterling. The figures in the financial statements are rounded to the nearest £ sterling.

| Investment in subsidiaries

| Investments in subsidiary undertakings are recognised at cost.

4. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 1 (2023 - 1 ) .

5. | FIXED ASSET INVESTMENTS

| Shares in

| group

| undertakings

£ |

| COST

| At 1 January 2024

| and 31 December 2024 | 842 |  |

| NET BOOK VALUE

| At 31 December 2024 | 842 |  |

| At 31 December 2023 | 842 |  |

| The company's investments at the Statement of Financial Position date in the share capital of companies include the following:

| The Birchman Group Limited

| Registered office: Units SCF 1&2, South Core,Western International Market, Hayes Road, Southall, Middlesex, UB2 5XJ.

| Nature of business: Management Consultancy

| %

| Class of shares: | holding |

| Ordinary | 61.19 |

| 31.12.24 |  | 31.12.23

£ | £ |

| Aggregate capital and reserves | 2,191,952 |  | 3,752,529 |  |

| Profit for the year | 4,413,423 |  | 6,497,376 |  |

| Birchman ESP Limited (Registered number: 04974858) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 31 December 2024

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.12.24 |  | 31.12.23

| (Unaudited)

£ | £ |

| Trade debtors | - |  | 1,903 |  |

| Amounts owed by group undertakings | 2,000 |  | - |  |

| Other debtors | - |  | 448 |  |

2,000 |  | 2,351 |  |

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.12.24 |  | 31.12.23

| (Unaudited)

£ | £ |

| Trade creditors | 320 |  | 321 |  |

| Accrued expenses | 2,200 |  | 2,200 |  |

2,520 |  | 2,521 |  |

8. | CALLED UP SHARE CAPITAL

| Allotted and issued:

| Number: | Class: | Nominal | 31.12.24 |  | 31.12.23

| value: | £ | £ |

| 235 | Share capital | £1 | 235 |  | 235 |  |

9. | RESERVES

| Retained

| earnings

£ |

| At 1 January 2024 | 969 |  |

| Profit for the year | 656 |  |

| At 31 December 2024 | 1,625 |  |

10. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

| The Report of the Auditors was qualified on the following basis:

| Basis for Adverse Opinion

| As explained in note 3, the company, Birchman ESP Limited, has not consolidated its subsidiaries The Birchman Group Limited and Birchman Solutions Limited. These investments are therefore accounted for on a cost basis. Under FRS 102, Birchman ESP Limited should have consolidated these subsidiaries and accounted for these acquisitions. Had Birchman ESP Limited been consolidated, most elements in the accompanying financial statements figures and disclosures would have been materially affected. The effects on the financial statements of the failure to consolidate have not been determined. Our opinion on the financial statements is adverse for this matter as the failure to consolidate its subsidiaries is a departure from the requirement of FRS 102 and the Companies Act 2006. In addition, the directors' report does not consider the effects of the failure to consolidate these subsidiaries.

| We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our adverse opinion on the financial statements.

| Paul Laxton FCCA (Senior Statutory Auditor)

| for and on behalf of Xeinadin Audit Limited

| Birchman ESP Limited (Registered number: 04974858) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 31 December 2024

11. | ULTIMATE PARENT COMPANY

| Byrley Ltd is regarded by the director as being the company's ultimate parent company.

| The registered office for Byrley Ltd is located at Units SCF 1 & 2, Western International Market, Hayes Road, Southall, Middlesex, UB2 5XJ.

12. | ULTIMATE CONTROLLING PARTY

| The ultimate controlling party is Mr I G Wyrley-Birch.