IRIS Accounts Production v24.1.9.2 08217224 Board of Directors 1.4.23 31.3.24 31.3.24 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh082172242023-03-31082172242024-03-31082172242023-04-012024-03-31082172242021-09-30082172242021-10-012023-03-31082172242023-03-3108217224ns15:EnglandWales2023-04-012024-03-3108217224ns14:PoundSterling2023-04-012024-03-3108217224ns10:Director12023-04-012024-03-3108217224ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3108217224ns10:SmallEntities2023-04-012024-03-3108217224ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3108217224ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3108217224ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3108217224ns10:FullAccounts2023-04-012024-03-3108217224ns10:Director22023-04-012024-03-3108217224ns10:RegisteredOffice2023-04-012024-03-3108217224ns5:CurrentFinancialInstruments2024-03-3108217224ns5:CurrentFinancialInstruments2023-03-3108217224ns5:Non-currentFinancialInstruments2024-03-3108217224ns5:Non-currentFinancialInstruments2023-03-3108217224ns5:ShareCapital2024-03-3108217224ns5:ShareCapital2023-03-3108217224ns5:FurtherSpecificReserve3ComponentTotalEquity2024-03-3108217224ns5:FurtherSpecificReserve3ComponentTotalEquity2023-03-3108217224ns5:RetainedEarningsAccumulatedLosses2024-03-3108217224ns5:RetainedEarningsAccumulatedLosses2023-03-3108217224ns5:PlantMachinery2023-04-012024-03-3108217224ns5:PlantMachinery2023-03-3108217224ns5:PlantMachinery2024-03-3108217224ns5:PlantMachinery2023-03-3108217224ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-03-3108217224ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-03-3108217224ns5:DeferredTaxation2023-04-012024-03-3108217224ns5:DeferredTaxation2024-03-31
REGISTERED NUMBER: 08217224 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 March 2024

for

BSBA Properties Limited

BSBA Properties Limited (Registered number: 08217224)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BSBA Properties Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: B Anaman
B Smith





REGISTERED OFFICE: The Old Vicarage St Marks Road
Holbeach St Marks
Spalding
Lincolnshire
PE12 8DZ





REGISTERED NUMBER: 08217224 (England and Wales)





ACCOUNTANTS: SKS Bailey Group Limited
Oaklea House
46 Coatham Road
Redcar
TS10 1RS

BSBA Properties Limited (Registered number: 08217224)

Balance Sheet
31 March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 3 201 268
Investment property 4 1,796,858 1,709,486
1,797,059 1,709,754

CURRENT ASSETS
Cash at bank 73,005 42,548

CREDITORS
Amounts falling due within one year 5 (847,347 ) (826,828 )
NET CURRENT LIABILITIES (774,342 ) (784,280 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,022,717

925,474

CREDITORS
Amounts falling due after more than one year 6 (627,953 ) (620,444 )

PROVISIONS FOR LIABILITIES 8 (16,601 ) -
NET ASSETS 378,163 305,030

CAPITAL AND RESERVES
Called up share capital 2 2
Fair value reserve 9 70,771 -
Retained earnings 9 307,390 305,028
378,163 305,030

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

BSBA Properties Limited (Registered number: 08217224)

Balance Sheet - continued
31 March 2024


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 13 August 2024 and were signed on its behalf by:





B Anaman - Director


BSBA Properties Limited (Registered number: 08217224)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. 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.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance

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 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.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

BSBA Properties Limited (Registered number: 08217224)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

3. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 April 2023
and 31 March 2024 5,716
DEPRECIATION
At 1 April 2023 5,448
Charge for year 67
At 31 March 2024 5,515
NET BOOK VALUE
At 31 March 2024 201
At 31 March 2023 268

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 1,709,486
Revaluations 87,372
At 31 March 2024 1,796,858
NET BOOK VALUE
At 31 March 2024 1,796,858
At 31 March 2023 1,709,486

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2024 87,372
Cost 1,709,486
1,796,858

Properties are required to be disclosed within the financial statements at fair value.

The valuation was made by directors on an open market value basis by reference to market evidence of transaction prices for similar properties. Deferred tax has been calculated on the revalued amounts and provided for within the financial statements.

BSBA Properties Limited (Registered number: 08217224)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Corporation tax 105 -
Other creditors 419,823 651,546
Directors' current accounts 422,651 169,973
Accrued expenses 4,768 5,309
847,347 826,828

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans (see note 7) 627,953 620,444

7. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due between two and five years:
Bank loans - 2-5 years 627,953 620,444

Bank loans includes £627,953 (2023: £620,444) which is secured. All loans are interest only and security is held by way of legal charges over the company's investment properties.

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Other timing differences 16,601 -

Deferred
tax
£   
Provided during year 16,601
Balance at 31 March 2024 16,601

BSBA Properties Limited (Registered number: 08217224)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

9. RESERVES

PROFIT AND LOSS RESERVES
The Profit and loss account comprises all current and prior period retained profit and losses after deducting any distributions made to the company's shareholders. This is a distributable reserve.

FAIR VALUE RESERVES
The Company uses the revaluation model for the measurement of its investment properties. The reserve records the revaluation surplus recognised less the related provision for deferred tax. This is a non distributable reserve.