Company registration number 12213412 (England and Wales)
BMQ HOLDINGS LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023
PAGES FOR FILING WITH REGISTRAR
BMQ HOLDINGS LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
BMQ HOLDINGS LIMITED
BALANCE SHEET
AS AT
30 APRIL 2023
30 April 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Investments
3
400
400
Current assets
Debtors
5
1,320,878
1,320,878
Creditors: amounts falling due within one year
6
(452,758)
(561,402)
Net current assets
868,120
759,476
Net assets
868,520
759,876
Capital and reserves
Called up share capital
7
302
302
Profit and loss reserves
868,218
759,574
Total equity
868,520
759,876
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 2023 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.
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.
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 2023 and are signed on its behalf by:
Mrs C J Phillips
Director
Company registration number 12213412 (England and Wales)
BMQ HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023
- 2 -
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 amounts 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.
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:
2023
2022
Number
Number
Total
2
2
3
Fixed asset investments
2023
2022
£
£
Shares in group undertakings and participating interests
400
400
BMQ HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2023
- 3 -
4
Subsidiaries
Details of the company's subsidiaries at 30 April 2023 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
2023
2022
Amounts falling due after more than one year:
£
£
Amounts owed by group undertakings
1,320,878
1,320,878
6
Creditors: amounts falling due within one year
2023
2022
£
£
Amounts owed to group undertakings
329,147
294,382
Other creditors
123,611
267,020
452,758
561,402
7
Called up share capital
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary of £1 each
302
302
302
302
BMQ HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2023
- 4 -
8
Related party transactions
Dividends of £nil (2022: £nil) were received in the year from De Lank Quarry Limited and an amount remains outstanding to De Lank Quarry Limited of £191,672 (2022: £233,441) and is included in creditors; amounts falling due within one year.
At the year end a balance of £1,320,878 (2022: £1,320,878) remained outstanding from BMQ Properties Limited and is included in debtors; amounts falling due after one year.
A balance of £137,475 (2022: £60,942) is outstanding to Black Mountain Quarries Limited and is included in creditors; amounts falling due within one year. Dividends of £nil (2022: £60,000) 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 £40,000 (2022 - £46,000) 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 year end was £123,111 (2022: £266,520) and is included in creditors; amounts falling due within one year.