Company Registration No. 12055415 (England and Wales)
BH HOLDING GROUP LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2019
PAGES FOR FILING WITH REGISTRAR
BH HOLDING GROUP LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
BH HOLDING GROUP LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2019
31 December 2019
- 1 -
2019
Notes
£
£
Fixed assets
Investments
2
904,500
Current assets
Debtors
3
1,500
Creditors: amounts falling due within one year
4
(93,000)
Net current liabilities
(91,500)
Total assets less current liabilities
813,000
Creditors: amounts falling due after more than one year
5
(187,000)
Net assets
626,000
Capital and reserves
Called up share capital
6
3,000
Equity reserve
599,000
Profit and loss reserves
24,000
Total equity
626,000
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.
true
For the financial Period ended 31 December 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
T
he members have not required the company to obtain an audit of its financial statements for the Period in question in accordance with section 476
.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 14 May 2020 and are signed on its behalf by:
Mr B S Henderson
Director
Company Registration No. 12055415
BH HOLDING GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2019
- 2 -
1
Accounting policies
Company information
BH Holding Group Limited is a
private
company
limited by shares
incorporated in England and Wales.
The registered office is
2nd Floor, Kent House, 41 East Street, Bromley, Kent, BR1 1QQ.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in
sterling
, which is the functional currency of the company.
Monetary a
mounts
in these financial statements are
rounded to the nearest £
1
.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.
1.2
Fixed asset investments
Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses.
The investments are assessed for impairment at each reporting date
and
any
impairment
losses or reversals of impairment losses are recognised immediately in profit or loss.
A subsidiary is an entity controlled by the company
. Control is
the power to govern the financial and operating policies of
the
entity so as to obtain benefits from its activities.
1.3
Cash and cash equivalents
Cash at bank and in hand
are basic financial assets
and
include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.4
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset
, with
the net amounts presented in the financial statements
,
when there is a legally 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.
2
Fixed asset investments
2019
£
Investments
904,500
BH HOLDING GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2019
2
Fixed asset investments
(Continued)
- 3 -
Movements in fixed asset investments
Shares in group undertakings
£
Cost or valuation
At 17 June 2019
-
Additions
904,500
At 31 December 2019
904,500
Carrying amount
At 31 December 2019
904,500
3
Debtors
2019
Amounts falling due within one year:
£
Other debtors
1,500
4
Creditors: amounts falling due within one year
2019
£
Other creditors
93,000
5
Creditors: amounts falling due after more than one year
2019
£
Other creditors
187,000
6
Called up share capital
2019
£
Ordinary share capital
Issued and fully paid
1,000 Ordinary A of £1 each
1,000
1,000 Ordinary B of £1 each
1,000
1,000 Ordinary C of £1 each
1,000
3,000
BH HOLDING GROUP LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2019
6
Called up share capital
(Continued)
- 4 -
On incorporation 1,000 Ordinary shares were issued for cash at par. During the year a bonus issue was made of 1,000 Ordinary A shares and 1,000 Ordinary B shares. The Ordinary shares were then redesignated as Ordinary C shares.