COMPANY REGISTRATION NUMBER:
11229444
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BESSEGES VALVES TUBES & FITTINGS (GROUP) LIMITED |
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FILLETED UNAUDITED FINANCIAL STATEMENTS |
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BESSEGES VALVES TUBES & FITTINGS (GROUP) LIMITED |
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STATEMENT OF FINANCIAL POSITION (continued) |
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30 September 2025
CAPITAL AND RESERVES
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Called up share capital |
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500 |
500 |
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----- |
----- |
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SHAREHOLDERS FUNDS |
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500 |
500 |
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----- |
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These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.
For the year ending 30th September 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
These financial statements were approved by the
board of directors
and authorised for issue on
10 June 2026
, and are signed on behalf of the board by:
Company registration number:
11229444
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BESSEGES VALVES TUBES & FITTINGS (GROUP) LIMITED |
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NOTES TO THE FINANCIAL STATEMENTS |
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YEAR ENDED 30th SEPTEMBER 2025
1.
GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Fourth Floor, Unit 5b The Parklands, Bolton, BL6 4SD, Lancashire.
2.
STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
ACCOUNTING POLICIES
BASIS OF PREPARATION
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
INVESTMENTS
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
INVESTMENTS IN ASSOCIATES
Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.
INVESTMENTS IN JOINT VENTURES
Investments in jointly controlled entities accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in jointly controlled entities accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the joint venture arising before or after the date of acquisition.
IMPAIRMENT OF FIXED ASSETS
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
4.
INVESTMENTS
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Shares in group undertakings |
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£ |
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Cost |
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At 1st October 2024 and 30th September 2025 |
940,133 |
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Impairment |
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At 1st October 2024 and 30th September 2025 |
– |
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----------- |
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Carrying amount |
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At 30th September 2025 |
940,133 |
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At 30th September 2024 |
940,133 |
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5.
CREDITORS:
amounts falling due within one year
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Amounts owed to group undertakings and undertakings in which the company has a participating interest |
840,776 |
840,776 |
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Other creditors |
98,857 |
98,857 |
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939,633 |
939,633 |
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6.
RELATED PARTY TRANSACTIONS
At the year end £840,776 (2024: £840,776) was owed to Besseges (Valves, Tubes and Fittings) Limited and £98,857 (2024: £98,857) was owed to BVTF Group Limited. The loan and drawdown facilities within Besseges (Valves, Tubes and Fittings) Limited are secured by way of a fixed charge over Besseges Valves, Tubes and Fittings (Group) Limited's book and other debts, property, goodwill and securities, with a floating charge over all other assets.