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REGISTERED NUMBER: 03891181 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

B.S.L. PROPERTIES UK LIMITED

B.S.L. PROPERTIES UK LIMITED (REGISTERED NUMBER: 03891181)






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


B.S.L. PROPERTIES UK LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: G D S Lingard
L F Lingard
E G Lingard





SECRETARY: L F Lingard





REGISTERED OFFICE: Kings Chambers
High Street
Dudley
West Midlands
DY1 1QT





REGISTERED NUMBER: 03891181 (England and Wales)





ACCOUNTANTS: Saxon & Co Accountants Ltd
Chartered Certified Accountants
Kings Chambers
Queens Cross
High Street
Dudley
West Midlands
DY1 1QT

B.S.L. PROPERTIES UK LIMITED (REGISTERED NUMBER: 03891181)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 153 229
Investments 5 354,867 350,188
355,020 350,417

CURRENT ASSETS
Cash at bank 34,702 64,088

CREDITORS
Amounts falling due within one year 6 10,751 32,979
NET CURRENT ASSETS 23,951 31,109
TOTAL ASSETS LESS CURRENT
LIABILITIES

378,971

381,526

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 7 58,160 28,482
Retained earnings 7 320,711 352,944
SHAREHOLDERS' FUNDS 378,971 381,526

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.

B.S.L. PROPERTIES UK LIMITED (REGISTERED NUMBER: 03891181)

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 11 September 2024 and were signed on its behalf by:





G D S Lingard - Director


B.S.L. PROPERTIES UK LIMITED (REGISTERED NUMBER: 03891181)

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

1. STATUTORY INFORMATION

B.S.L. Properties UK 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

B.S.L. PROPERTIES UK LIMITED (REGISTERED NUMBER: 03891181)

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

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 January 2023
and 31 December 2023 540
DEPRECIATION
At 1 January 2023 311
Charge for year 76
At 31 December 2023 387
NET BOOK VALUE
At 31 December 2023 153
At 31 December 2022 229

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 January 2023 350,188
Revaluations 29,679
Dividends received (25,000 )
At 31 December 2023 354,867
NET BOOK VALUE
At 31 December 2023 354,867
At 31 December 2022 350,188

Cost or valuation at 31 December 2023 is represented by:

Other
investments
£   
Valuation in 2018 (812 )
Valuation in 2020 18,373
Valuation in 2021 45,304
Valuation in 2022 (34,384 )
Valuation in 2023 29,679
Cost 296,707
354,867

B.S.L. PROPERTIES UK LIMITED (REGISTERED NUMBER: 03891181)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 1,303 1,776
Directors' current accounts 9,448 31,203
10,751 32,979

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

At 1 January 2023 352,944 28,482 381,426
Profit for the year 27,445 27,445
Dividends (30,000 ) (30,000 )
Revaluation of assets to FV (29,678 ) 29,678 -
At 31 December 2023 320,711 58,160 378,871