Bkm Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 02843578 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 August 2021

for

Bkm Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Directors:

Dr B P Choudhary

Mrs K Kumar

Secretary:

Mrs K Kumar

Registered office:

101 Dunraven Street

Tonypandy

Rhondda Cynon Tafff

CF40 1AR

Registered number:

02843578 (England and Wales)

Accountants:

Curtis Bowden & Thomas Limited

Chartered Certified Accountants

101 Dunraven Street

Tonypandy

CF40 1AR

Fixed assets

Tangible assets

4

301,085

300,435

Investments

5

858,052

701,255

1,159,137

1,001,690

Current assets

Debtors

6

103,067

38,943

Cash at bank and in hand

234,856

378,311

337,923

417,254

Creditors

Amounts falling due within one year

7

519,078

507,258

Net current liabilities

(181,155

)

(90,004

)

Total assets less current liabilities

977,982

911,686

Creditors

Amounts falling due after more than one year

8

(478,544

)

(536,605

)

Provisions for liabilities

(7,971

)

-

Net assets

491,467

375,081

Capital and reserves

Called up share capital

300

300

Revaluation reserve

10

236,224

236,224

Retained earnings

254,943

138,557

Shareholders' funds

491,467

375,081

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2021 in accordance with Section 476 of the Companies Act 2006.

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.

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

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 27 May 2022 and were signed on its behalf by:

Dr B P Choudhary - Director

1.	Statutory information

Bkm Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The trading address is Millview Care Home, Brook Street, Ystrad, CF41 7RB.

2.	Accounting policies

Basis of accounting

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

The company has taken advantage of the exemption in Financial Reporting Standard No.1 from the requirement to produce a cashflow statement on the grounds that it is a small company.

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

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

2% on cost

Fixtures and fittings

-

12.5% on cost

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.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	Employees and directors

The average number of employees during the year was 46 (2020 - 55 ) .

4.	Tangible fixed assets

Fixtures

Land and

and

buildings

fittings

Totals

£

£

£

Cost or valuation

At 1 September 2020

300,000

378,909

678,909

Additions

-

25,954

25,954

At 31 August 2021

300,000

404,863

704,863

Depreciation

At 1 September 2020

39,000

339,474

378,474

Charge for year

6,000

19,304

25,304

At 31 August 2021

45,000

358,778

403,778

Net book value

At 31 August 2021

255,000

46,085

301,085

At 31 August 2020

261,000

39,435

300,435

Cost or valuation at 31 August 2021 is represented by:

Fixtures

Land and

and

buildings

fittings

Totals

£

£

£

Valuation in 2014

300,000

404,863

704,863

If Land and buildings had not been revalued they would have been included at the following historical cost:

31.8.21

31.8.20

£

£

Cost

565,956

565,956

Aggregate depreciation

565,956

565,956

Freehold land and buildings were valued on an open market value basis on 25 February 2015 by Pinders .

5.	Fixed asset investments

Loans to

group

undertakings

£

At 1 September 2020

701,255

New in year

156,797

At 31 August 2021

858,052

6.

Debtors: amounts falling due within one year

31.8.21

31.8.20

£

£

Trade debtors

81,238

9,235

Other debtors

21,829

29,708

103,067

38,943

7.

Creditors: amounts falling due within one year

31.8.21

31.8.20

£

£

Bank loans and overdrafts

54,159

41,236

Trade creditors

111,563

96,671

Taxation and social security

20,718

21,368

Other creditors

332,638

347,983

519,078

507,258

8.

Creditors: amounts falling due after more than one year

31.8.21

31.8.20

£

£

Bank loans

478,544

536,605

9.	Secured debts

The following secured debts are included within creditors:

31.8.21

31.8.20

£

£

Bank loans

532,703

577,841

There is a legal charge to secure all the liabilities of the Company to National Westminster Bank Plc.

10.

Reserves

Revaluation

reserve

£

At 1 September 2020

and 31 August 2021

236,224

11.	Related party disclosures

All the share capital of the company is owned by Newcore Limited, a holding company.

At the year end BKM Limited was owed £858,052 (2020 - £701,255) from Newcore Healthcare Limited, which is also wholly owned by Newcore Limited.

There is also loans outstanding to Silvercrown Limited of £75,000 and Silvercrest Limited £41,959.

Dr B Choudhary is also a director of these companies and these loans are repayable on demand.

12.	Ultimate controlling party