COMPANY REGISTRATION NO. 12213412 (England and Wales)
BMQ HOLDINGS LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2021
PAGES FOR FILING WITH REGISTRAR
BMQ HOLDINGS LIMITED
CONTENTS
Page
Balance sheet
1
Statement of changes in equity
2
Notes to the financial statements
3 - 5
BMQ HOLDINGS LIMITED
BALANCE SHEET
AS AT
30 APRIL 2021
30 April 2021
- 1 -
2021
2020
Notes
£
£
£
£
Fixed assets
Investments
3
400
300
Current assets
Debtors
5
1,320,878
533,897
Creditors: amounts falling due within one year
6
(574,439)
(171,895)
Net current assets
746,439
362,002
Net assets
746,839
362,302
Capital and reserves
Called up share capital
7
302
302
Profit and loss reserves
746,537
362,000
Total equity
746,839
362,302
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 year ended 30 April 2021 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 year 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 5 October 2021 and are signed on its behalf by:
Mrs C J Phillips
Director
Company Registration No. 12213412
BMQ HOLDINGS LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 APRIL 2021
- 2 -
Share capital
Profit and loss reserves
Total
Notes
£
£
£
Balance at 18 September 2019
Period ended 30 April 2020:
Profit and total comprehensive income for the period
-
366,000
366,000
Issue of share capital
7
302
-
302
Dividends
-
(4,000)
(4,000)
Balance at 30 April 2020
302
362,000
362,302
Year ended 30 April 2021:
Profit and total comprehensive income for the year
-
388,537
388,537
Dividends
-
(4,000)
(4,000)
Balance at 30 April 2021
302
746,537
746,839
BMQ HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2021
- 3 -
1
Accounting policies
Company information
BMQ Holdings Limited is a
private
company
limited by shares
incorporated in England and Wales.
The registered office is
Howton Court, Pontrilas, Herefordshire, United Kingdom, HR2 0BG.
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 £.
The financial statements have been prepared under the historical cost convention.
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
Financial instruments
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price, Any losses arising from impairment recognise din the profit and loss account in other administrative expenses.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2021
2020
Number
Number
Total
2
2
3
Fixed asset investments
2021
2020
£
£
Shares in group undertakings and participating interests
400
300
BMQ HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2021
3
Fixed asset investments
(Continued)
- 4 -
Movements in fixed asset investments
Shares in subsidiaries
£
Cost or valuation
At 1 May 2020
300
Additions
100
At 30 April 2021
400
Carrying amount
At 30 April 2021
400
At 30 April 2020
300
4
Subsidiaries
Details of the company's subsidiaries at 30 April 2021 are as follows:
Name of undertaking
Registered office
Class of
% Held
shares held
Direct
Black Mountain Quarries Limited
Howton Court, Pontrilas, Herefordshire, United Kingdom. HR2 0BG
Ordinary
100.00
De Lank Quarry Limited
Howton Court, Pontrilas, Herefordshire, United Kingdom. HR2 0BG
Ordinary
100.00
BMQ Properties Limited
Howton Court, Pontrilas, Herefordshire, United Kingdom. HR2 0BG
Ordinary
100.00
5
Debtors
2021
2020
Amounts falling due within one year:
£
£
Other debtors
533,897
2021
2020
Amounts falling due after more than one year:
£
£
Amounts owed by group undertakings
1,320,878
Total debtors
1,320,878
533,897
BMQ HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2021
- 5 -
6
Creditors: amounts falling due within one year
2021
2020
£
£
Other creditors
574,439
171,895
7
Called up share capital
2021
2020
2021
2020
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary of £1 each
302
302
302
302
8
Related party transactions
Dividends of £300,000 (2020: £300,000) were received in the year from De Lank Quarry Limited and an amount remains outstanding to De Lank Quarry Limited of £2,488 (2020:£4,575) and is included in creditors; amounts falling due within one year.
At the year end a balance of £1,320,878 (2020:£4,678) remained outstanding from BMQ Properties Limited and is included in debtors; amounts falling due after one year.
A balance of £1,422 ((2020: £522,617) and is included in debtors; amounts falling due within one year) remained outstanding to Black Mountain Quarries Limited and is included in creditors; amounts falling due within one year. Dividends of £90,000 (2020: £66,000) were also received from Black Mountain Quarries Limited.
The above transactions are related as De Lank Quarry Limited, BMQ Properties Limited and Black Mountain Quarries Limited are subsidiaries of BMQ Holdings Limited.
9
Directors' transactions
Dividends totalling £4,000 (2020 - £4,000) were paid in the year in respect of shares held by the company's directors.
The directors operate a current loan account with the company, which is debited with payments made by the company on behalf of the directors and credited with funds introduced and undrawn directors' fees. The total amount outstanding to the directors at the period end was £570,028 (2020: £167,320) and is included in creditors; amounts falling due within one year.