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REGISTERED NUMBER: 06030403 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

BDRS LIMITED

BDRS LIMITED (REGISTERED NUMBER: 06030403)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BDRS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: S A Simons
R J Blair
D L Kreeger
B R Levy





SECRETARY: B R Levy





REGISTERED OFFICE: 55 Loudoun Road
London
NW8 0DL





REGISTERED NUMBER: 06030403 (England and Wales)





ACCOUNTANTS: MGR SD Limited
Chartered Accountants
55 Loudoun Road
London
NW8 0DL

BDRS LIMITED (REGISTERED NUMBER: 06030403)

BALANCE SHEET
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £   
FIXED ASSETS
Investment property 4 500,000 500,000

CURRENT ASSETS
Debtors 5 703 -
Cash at bank 587 1,184
1,290 1,184
CREDITORS
Amounts falling due within one year 6 (172,008 ) (171,347 )
NET CURRENT LIABILITIES (170,718 ) (170,163 )
TOTAL ASSETS LESS CURRENT LIABILITIES 329,282 329,837

CREDITORS
Amounts falling due after more than one
year

7

(74,458

)

(74,458

)

PROVISIONS FOR LIABILITIES 9 (22,145 ) (22,145 )
NET ASSETS 232,679 233,234

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 10 202,280 202,280
Retained earnings 10 30,299 30,854
SHAREHOLDERS' FUNDS 232,679 233,234

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

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

BDRS LIMITED (REGISTERED NUMBER: 06030403)

BALANCE SHEET - continued
31 DECEMBER 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 March 2024 and were signed on its behalf by:




R J Blair - Director



S A Simons - Director


BDRS LIMITED (REGISTERED NUMBER: 06030403)

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


1. STATUTORY INFORMATION

BDRS 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents rent receivable.

Investment property
Investment property is shown at fair value. Any aggregate surplus or deficit arising from changes in fair value is recognised in fair value reserve.

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023
and 31 December 2023 500,000
NET BOOK VALUE
At 31 December 2023 500,000
At 31 December 2022 500,000

Fair value at 31 December 2023 is represented by:
£   
Valuation in 2017 224,425
Cost 275,575
500,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 703 -

BDRS LIMITED (REGISTERED NUMBER: 06030403)

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


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 7,338 6,668
Trade creditors 233 233
Taxation and social security - 712
Other creditors 164,437 163,734
172,008 171,347

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans 74,458 74,458

8. SECURED DEBTS

The following secured debts are included within creditors:

31.12.23 31.12.22
£    £   
Bank loans 74,308 78,158

The bank indebtness is secured on the investment property.

9. PROVISIONS FOR LIABILITIES
31.12.23 31.12.22
£    £   
Deferred tax 22,145 22,145

Deferred
tax
£   
Balance at 1 January 2023 22,145
Balance at 31 December 2023 22,145

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

At 1 January 2023 30,854 202,280 233,134
Deficit for the year (555 ) (555 )
At 31 December 2023 30,299 202,280 232,579