ACCOUNTS - Final Accounts preparation

YBG HOLDINGS LIMITED - Company Information

Registered number:12108723

BG ULTIMATE HOLDINGS LIMITED

UNAUDITED

FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2020


BG ULTIMATE HOLDINGS LIMITED

CONTENTS

	Page
Statement of Financial Position	1
Notes to the Financial Statements	2 - 4


BG ULTIMATE HOLDINGS LIMITED REGISTERED NUMBER:12108723

STATEMENT OF FINANCIAL POSITION

AS AT 31 MARCH 2020

		2020
Note		£

Fixed assets
Investments	4	999
Current assets
Debtors: amounts falling due within one year	5	182,962

Net assets		183,961

Capital and reserves
Called up share capital	6	1,000
Profit and loss account		182,961
		183,961

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 21 January 2021.

R D Tate

Director

The notes on pages 2 to 4 form part of these financial statements.

Page 1


BG ULTIMATE HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2020

1.	General information

The Company's legal form is that of a limited company incorporated in England and Wales with its registered office at 3rd Floor, 20-22 Berkeley Square, London W1J 6EQ.

The Company was incorporated on 17 July 2019 and its principal activity is that of a holding company.

The Company’s functional and presentational currency is £ Sterling.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Going concern

The director has considered the impact of recent worldwide events in relation to the Covid-19 pandemic and the ongoing impact on the Company's operations and is taking all necessary action to ensure that the Company continues to be able meet its running costs and liabilities as they fall due for at least 12 months from the date of his approval of these financial statements. Based on his current assessment of the situation and available financial resources the director considers it appropriate to prepare the financial statements on a going concern basis.

2.3

Taxation

Tax is recognised in Statement of Comprehensive Income except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

2.4

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

2.5

Debtors

Short term debtors are measured at the transaction price, less any impairment.

2.6

Dividends

Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Page 2


BG ULTIMATE HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2020

Employees

The director was the only employee of the Company during the period.

4.	Fixed asset investments

		Investments in subsidiary companies
		£
	Cost
	Additions	999
	At 31 March 2020	999

Page 3


BG ULTIMATE HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2020

Debtors

					2020
					£


	Amounts owed by group undertakings	43,731
	Other debtors	139,231
		182,962

6.	Share capital
		2020
		£

		Allotted, called up and fully paid

		1,000 Ordinary shares of £1 each	1,000

1 Ordinary share of £1 each was allotted and fully paid at par on incorporation to provide initial capital.
A further 999 Ordinary shares of £1 each were allotted and fully paid at par on 19 August 2019 in exchange for the acquisition of the entire share capital of Bear Grylls Holdings Limited.

Related party transactions

At the Statement of Financial Position date, the Company was owed £139,231 by the shareholder of the Company. The entire balance was repaid after the reporting date.
The Company has taken advantage of the exemption under FRS102 33.1A Related Party Disclosures not to disclose transactions entered into between two or more members of a group, provided that any subsidiary undertaking which is a party to the transaction is wholly owned by a member of that group.

Page 4