| BComp 518 Limited |
| Registered number: |
11018796 |
| Statement of Financial Position |
| as at 31 March 2022 |
|
|
|
|
|
2022 |
|
|
2020 |
| £ |
£ |
| Fixed assets |
| Investments |
|
|
|
12,040,295 |
|
|
11,755,088 |
|
| Current assets |
| Debtors |
|
|
13,179 |
|
|
- |
| Cash at bank and in hand |
|
|
4 |
|
|
4 |
|
|
|
13,183 |
|
|
4 |
|
| Creditors: amounts falling due within one year |
|
|
(13,179) |
|
|
- |
|
| Net current assets |
|
|
|
4 |
|
|
4 |
|
| Net assets |
|
|
|
12,040,299 |
|
|
11,755,092 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
4,008 |
|
|
4,008 |
| Share premium |
|
|
|
1,667,997 |
|
|
1,667,997 |
| Revaluation reserve |
|
|
|
10,368,294 |
|
|
10,083,087 |
|
| Shareholder's funds |
|
|
|
12,040,299 |
|
|
11,755,092 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The member has not required the company to obtain an audit in accordance with section 476 of the Act. |
| 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 financial statements have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. |
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|
|
| S Menon |
| Director |
| Approved by the board on 28 October 2022 |
|
| BComp 518 Limited |
| Notes to the Financial Statements |
| for the period from 1 November 2020 to 31 March 2022 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The financial statements have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
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Investments |
|
Investments in subsidiaries are measured at the net asset value of the subsidiaries. Changes in fair value are included in the profit and loss account. |
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Cash and cash equivalents |
|
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to insignificant risk of change in value. |
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Financial assets |
|
Financial assets, other than investments, are initially measured at transaction price (including transaction costs) and subsequently held at cost, less any impairment. |
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Financial liabilities and equity |
|
Financial liabilities and equity are classified according to the substance of the financial instrument's contractual obligations, rather than the financial instrument's legal form. Financial liabilities, excluding convertible debt and derivatives, are initially measured at transaction price (including transaction costs) and subsequently held at amortised cost. |
|
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Reserves |
|
The company's reserves are as follows:
1. Called up share capital reserve represents the nominal value of the shares issued.
2. Profit and loss account represents cumulative profits or losses, net of dividends paid and other adjustments.
3. The share premium account includes the premium on issue of equity shares, net of any issue costs.
4. Other reserves include the aggregated surplus or deficit of the company's investments in subsidiaries in excess of historic cost. |
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Dividends |
|
Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared. |
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| 2 |
Employees |
2022 |
|
2020 |
| Number |
Number |
|
|
Average number of persons employed by the company |
0 |
|
0 |
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