Company registration number 00596393 (England and Wales)
B.C.S.HOLDINGS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
PAGES FOR FILING WITH REGISTRAR
B.C.S.HOLDINGS LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
B.C.S.HOLDINGS LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2023
31 December 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
4
38,762
473
Investment properties
5
1,391,532
1,205,000
1,430,294
1,205,473
Current assets
Debtors
6
13,836
17,813
Cash at bank and in hand
144,291
158,797
158,127
176,610
Creditors: amounts falling due within one year
7
(248,323)
(65,294)
Net current (liabilities)/assets
(90,196)
111,316
Total assets less current liabilities
1,340,098
1,316,789
Provisions for liabilities
(233,078)
(233,078)
Net assets
1,107,020
1,083,711
Capital and reserves
Called up share capital
1,000
1,000
Profit and loss reserves
1,106,020
1,082,711
Total equity
1,107,020
1,083,711

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

B.C.S.HOLDINGS LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 DECEMBER 2023
31 December 2023
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 26 July 2024 and are signed on its behalf by:
Mrs A D Fontanarrosa
Director
Company Registration No. 00596393
B.C.S.HOLDINGS LIMITED
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023
31 December 2023
- 3 -
1
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

2
Accounting policies
Company information

B.C.S.Holdings Limited is a private company limited by shares incorporated in England and Wales. The registered office is 46 Hamilton Square, Birkenhead, Wirral, Merseyside, CH41 5AR.

2.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

2.2
Turnover

Turnover is measured at the fair value of the consideration received or receivable in respect of rental income due in the year.

2.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Computers
10% on cost
Motor vehicles
20% on cost
2.4
Investment properties

Investment property is included at the most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. Deferred tax is provided on these gains at the rate expected to apply when the property is sold.

B.C.S.HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
2
Accounting policies
(Continued)
- 4 -
2.5
Financial instruments

The following assets and liabilities are classified as financial instruments – trade debtors and trade creditors and directors loans.

 

Trade debtors, trade creditors and directors loans (being repayable on demand) are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

2.6
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.

2.7
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 statement of financial position date.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
3
3
B.C.S.HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 5 -
4
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2023
38,185
Additions
44,238
Disposals
(37,247)
At 31 December 2023
45,176
Depreciation and impairment
At 1 January 2023
37,712
Depreciation charged in the year
5,949
Eliminated in respect of disposals
(37,247)
At 31 December 2023
6,414
Carrying amount
At 31 December 2023
38,762
At 31 December 2022
473
5
Investment property
2023
£
Fair value
At 1 January 2023
1,205,000
Additions
186,532
At 31 December 2023
1,391,532

The investment properties were valued on an open market basis on 31 December 2021 by the directors.

6
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
6,769
6,684
Other debtors
7,067
11,129
13,836
17,813
B.C.S.HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 6 -
7
Creditors: amounts falling due within one year
2023
2022
£
£
Taxation and social security
6,896
16,721
Other creditors
241,427
48,573
248,323
65,294
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