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REGISTERED NUMBER: 11165888 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

BSHD LTD

BSHD LTD (REGISTERED NUMBER: 11165888)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BSHD LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: P Blackman
G Drewery
M J Hall
K G Saltmarsh





REGISTERED OFFICE: 3 Sundridge Mansion
Willoughby Lane
Bromley
Kent
BR1 3FL





REGISTERED NUMBER: 11165888 (England and Wales)






BSHD LTD (REGISTERED NUMBER: 11165888)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 3,365,000 3,365,000

CURRENT ASSETS
Debtors 5 - 3,417
Cash at bank and in hand 23,285 29,748
23,285 33,165
CREDITORS
Amounts falling due within one year 6 865,882 1,043,611
NET CURRENT LIABILITIES (842,597 ) (1,010,446 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,522,403

2,354,554

CREDITORS
Amounts falling due after more than one
year

7

(2,178,760

)

(2,037,602

)

PROVISIONS FOR LIABILITIES 9 (127,523 ) (127,523 )
NET ASSETS 216,120 189,429

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 10 382,840 382,840
Retained earnings 10 (166,820 ) (193,511 )
216,120 189,429

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

BSHD LTD (REGISTERED NUMBER: 11165888)

BALANCE SHEET - continued
31 MARCH 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 February 2024 and were signed on its behalf by:





M J Hall - Director


BSHD LTD (REGISTERED NUMBER: 11165888)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

BSHD Ltd 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 4 ) .

4. INVESTMENT PROPERTY
Total
£   
COST OR VALUATION
At 1 April 2022
and 31 March 2023 3,365,000
NET BOOK VALUE
At 31 March 2023 3,365,000
At 31 March 2022 3,365,000

BSHD LTD (REGISTERED NUMBER: 11165888)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

4. INVESTMENT PROPERTY - continued

Cost or valuation at 31 March 2023 is represented by:
£   
Valuation in 2020 1,320,000
Valuation in 2021 920,000
Valuation in 2022 1,125,000
3,365,000

If investment properties had not been revalued they would have been included at the following historical cost:

2023 2022
£    £   
Cost 2,854,906 2,854,906

Investment properties were valued on an open market basis on 31 March 2022 by the Directors. .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors - 3,417

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 882 295
Other creditors 865,000 1,043,316
865,882 1,043,611

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 2,178,760 2,037,602

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 2,178,760 2,037,602

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 2,178,760 2,037,602

The bank loans are secured on the company's investment property portfolio.

BSHD LTD (REGISTERED NUMBER: 11165888)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

9. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 127,523 127,523

Deferred
tax
£   
Balance at 1 April 2022 127,523
Fair value adjustment
Balance at 31 March 2023 127,523

10. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 April 2022 (193,511 ) 382,840 189,329
Profit for the year 26,691 26,691
At 31 March 2023 (166,820 ) 382,840 216,020