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REGISTERED NUMBER: 14483897 (England and Wales)















Unaudited Financial Statements

for the Period 14 November 2022 to 31 March 2024

for

BHS DEVELOPMENTS LIMITED

BHS DEVELOPMENTS LIMITED (REGISTERED NUMBER: 14483897)






Contents of the Financial Statements
for the period 14 November 2022 to 31 March 2024




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 4


BHS DEVELOPMENTS LIMITED

Company Information
for the period 14 November 2022 to 31 March 2024







DIRECTORS: I D Simmonds
M J Simmonds
B D J Clothier
H C Ford





REGISTERED OFFICE: 18 Badminton Road
Downend
Bristol
BS16 6BQ





REGISTERED NUMBER: 14483897 (England and Wales)





ACCOUNTANTS: Richardson Swift
Chartered Accountants
11 Laura Place
Bath
BA2 4BL

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
BHS Developments Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of BHS Developments Limited for the period ended 31 March 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of BHS Developments Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of BHS Developments Limited and state those matters that we have agreed to state to the Board of Directors of BHS Developments Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than BHS Developments Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that BHS Developments Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of BHS Developments Limited. You consider that BHS Developments Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of BHS Developments Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Richardson Swift
Chartered Accountants
11 Laura Place
Bath
BA2 4BL


14 August 2024

BHS DEVELOPMENTS LIMITED (REGISTERED NUMBER: 14483897)

Balance Sheet
31 March 2024

Notes £   
CURRENT ASSETS
Stocks 4 366,738
Debtors 5 100
366,838
CREDITORS
Amounts falling due within one year 6 54,946
NET CURRENT ASSETS 311,892
TOTAL ASSETS LESS CURRENT
LIABILITIES

311,892

CREDITORS
Amounts falling due after more than one
year

7

334,125
NET LIABILITIES (22,233 )

CAPITAL AND RESERVES
Called up share capital 9 100
Retained earnings (22,333 )
SHAREHOLDERS' FUNDS (22,233 )

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

The members have not required the company to obtain an audit of its financial statements for the period 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.

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 14 August 2024 and were signed on its behalf by:





I D Simmonds - Director


BHS DEVELOPMENTS LIMITED (REGISTERED NUMBER: 14483897)

Notes to the Financial Statements
for the period 14 November 2022 to 31 March 2024

1. STATUTORY INFORMATION

BHS Developments 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.

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.

The directors have prepared the financial statements on a going concern basis despite the deficit on the balance sheet in the belief that, with the support of the directors, the company is in a position to continue trading.

Work in progress
Work in progress represents the costs to date relating to the investment property.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors, loans from banks and other third parties.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the profit or loss.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and the best estimate, which is an approximation, of the amount the company would receive for the asset if it were to be sold at the reporting date.

Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Taxation
Taxation for the period 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.


BHS DEVELOPMENTS LIMITED (REGISTERED NUMBER: 14483897)

Notes to the Financial Statements - continued
for the period 14 November 2022 to 31 March 2024

2. ACCOUNTING POLICIES - continued
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 period 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.

Turnover
Turnover represents rental income on investment properties, being the principle activity of the company. It is recognised in the period to which the rental relates on an accruals basis.

Leasing
Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 4 .

4. STOCKS
£   
Work-in-progress 366,738

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other debtors 100

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 121
Amounts owed to associates 32,613
Other creditors 22,212
54,946

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
£   
Amounts owed to associates 334,125

8. SECURED DEBTS

Included within amounts owed to associates over 1 year is a loan from Apeirogon Group Limited, secured against the assets of the company. Interest is charged at the Bank of England base rate. The loan is due to be repaid by 15th December 2032.

BHS DEVELOPMENTS LIMITED (REGISTERED NUMBER: 14483897)

Notes to the Financial Statements - continued
for the period 14 November 2022 to 31 March 2024

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
100 Ordinary £1 100

100 Ordinary shares were issued upon incorporation on 14 November 2022.

All shares rank pari passu.

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date, the Directors owed the Company £100.

11. RELATED PARTY DISCLOSURES

Included in amounts owed to associates in less than 1 year is £32,613 owed to BNS Ltd. The loan is provided interest free and is repayable on demand.

Included in amounts owed to associates over 1 year is £334,125 owed to Apeirogon Group Limited.

Both companies are owned and controlled by Directors of BHS Developments Ltd.

12. EXTENDED ACCOUNTING PERIOD

The reporting period of the financial statements is an extended period due to it being the first since incorporation. Therefore there are no comparative figures in the financial statements.