REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 29 April 2023 |
for |
BQS Management Holdings Limited |
REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 29 April 2023 |
for |
BQS Management Holdings Limited |
BQS Management Holdings Limited (Registered number: 10380629) |
Contents of the Financial Statements |
for the Year Ended 29 April 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Report of the Accountants | 8 |
BQS Management Holdings Limited |
Company Information |
for the Year Ended 29 April 2023 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
24 Picton House |
Hussar Court |
Waterlooville |
Hampshire |
PO7 7SQ |
BQS Management Holdings Limited (Registered number: 10380629) |
Balance Sheet |
29 April 2023 |
29.4.23 | 29.4.22 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
Investments | 5 |
Investment property | 6 |
CURRENT ASSETS |
Debtors | 7 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 8 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
9 |
( |
) |
( |
) |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 11 |
Retained earnings |
SHAREHOLDERS' FUNDS |
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. |
BQS Management Holdings Limited (Registered number: 10380629) |
Balance Sheet - continued |
29 April 2023 |
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 |
BQS Management Holdings Limited (Registered number: 10380629) |
Notes to the Financial Statements |
for the Year Ended 29 April 2023 |
1. | STATUTORY INFORMATION |
BQS Management Holdings Limited is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
Accounts are rounded to the nearest pound. |
The accounts represent the company as an individual entity. |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Significant judgements and estimates |
The preparation of financial statements requires the use of estimates and assumptions that affect reported amounts of assets and liabilities at the date of the financial statements, and revenues and expenses during the reporting period. These estimates and assumptions are based on management's best knowledge of the amount, events or actions. Actual results may differ from those amounts. |
Management do not consider there to be any significant judgements or estimates used in the preparation of these financial statements. |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Tangible fixed assets |
Motor vehicles | - |
Computer equipment | - |
Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
Investment property |
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. |
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 balance sheet date. |
BQS Management Holdings Limited (Registered number: 10380629) |
Notes to the Financial Statements - continued |
for the Year Ended 29 April 2023 |
2. | ACCOUNTING POLICIES - continued |
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 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. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | TANGIBLE FIXED ASSETS |
Motor | Computer |
vehicles | equipment | Totals |
£ | £ | £ |
COST |
At 30 April 2022 |
and 29 April 2023 |
DEPRECIATION |
At 30 April 2022 |
Charge for year |
At 29 April 2023 |
NET BOOK VALUE |
At 29 April 2023 |
At 29 April 2022 |
5. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakings |
£ |
COST |
At 30 April 2022 |
and 29 April 2023 |
NET BOOK VALUE |
At 29 April 2023 |
At 29 April 2022 |
BQS Management Holdings Limited (Registered number: 10380629) |
Notes to the Financial Statements - continued |
for the Year Ended 29 April 2023 |
6. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 30 April 2022 |
and 29 April 2023 |
NET BOOK VALUE |
At 29 April 2023 |
At 29 April 2022 |
7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
29.4.23 | 29.4.22 |
£ | £ |
Other debtors |
8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
29.4.23 | 29.4.22 |
£ | £ |
Bank loans and overdrafts |
Trade creditors | ( |
) |
Amounts owed to group undertakings |
Taxation and social security |
Other creditors |
9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
29.4.23 | 29.4.22 |
£ | £ |
Bank loans |
Amounts falling due in more than five years: |
Repayable by instalments |
Bank loans more 5 yr by instal | 75,808 | 79,195 |
10. | SECURED DEBTS |
The following secured debts are included within creditors: |
29.4.23 | 29.4.22 |
£ | £ |
Bank loans |
Lloyds Bank hold a charge over the company by way of the property at 154a Spring Road, Southampton, Hants SO19 2QS. |
BQS Management Holdings Limited (Registered number: 10380629) |
Notes to the Financial Statements - continued |
for the Year Ended 29 April 2023 |
11. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 29.4.23 | 29.4.22 |
value: | £ | £ |
Ordinary | £1 | 100 | 100 |
Ordinary 'A' | £1 | 1 | 1 |
101 | 101 |
12. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
The following advances and credits to directors subsisted during the years ended 29 April 2023 and 29 April 2022: |
29.4.23 | 29.4.22 |
£ | £ |
Balance outstanding at start of year | ( |
) |
Amounts advanced |
Amounts repaid | ( |
) | ( |
) |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year | ( |
) |
Balance outstanding at start of year | ( |
) |
Amounts advanced |
Amounts repaid | ( |
) | ( |
) |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year | ( |
) |
At the year end the company owed the directors £88,692 (2022 :£1,131 was owed ) by the directors. |
Clive Banks will clear the overdrawn balance in January 2024. |
13. | ULTIMATE CONTROLLING PARTY |
The ultimate controlling party is |
BQS Management Holdings Limited |
Report of the Accountants to the Directors of |
BQS Management Holdings Limited |
The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies. |
As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 29 April 2023 set out on pages three to ten and you consider that the company is exempt from an audit. |
In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us. |
24 Picton House |
Hussar Court |
Waterlooville |
Hampshire |
PO7 7SQ |
Date: ............................................. |