Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31false12023-04-01The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false1true 05051343 2023-04-01 2024-03-31 05051343 2022-04-01 2023-03-31 05051343 2024-03-31 05051343 2023-03-31 05051343 c:Director1 2023-04-01 2024-03-31 05051343 d:CurrentFinancialInstruments 2024-03-31 05051343 d:CurrentFinancialInstruments 2023-03-31 05051343 d:UKTax 2023-04-01 2024-03-31 05051343 d:UKTax 2022-04-01 2023-03-31 05051343 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 05051343 c:FullAccounts 2023-04-01 2024-03-31 05051343 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 05051343 c:Micro-entities 2023-04-01 2024-03-31 05051343 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 05051343










BDS PROPERTIES (UK) LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
BDS PROPERTIES (UK) LIMITED
REGISTERED NUMBER: 05051343

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
£
£


Fixed assets
2,194,696
2,194,696

Current assets
2,113,200
1,130,581

Creditors: amounts falling due within one year
(959,238)
(56,053)

Net current assets
 
 
1,153,962
 
 
1,074,528

Total assets less current liabilities
3,348,658
3,269,224


Net assets
3,348,658
3,269,224



Capital and reserves
3,348,658
3,269,224


Notes


Average number of employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared in accordance with the provisions applicable to entities subject to the micro-entities' regime.

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

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 7 October 2024.


Mr A S Sodhi
Director

Page 1

 
BDS PROPERTIES (UK) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

BDS Properties (UK) Limited is a private company, limited by share capital incorporated in England and Wales under registration number: 05051343. The address of the registered office is Level 5A, Maple House,149 Tottenham Court Road, London W1T 7NF.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 105 the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.4

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.5

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 2

 
BDS PROPERTIES (UK) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

3.


Taxation


2024
2023
£
£

Corporation tax


Current tax on profits for the year
26,088
17,336


26,088
17,336


Total current tax
26,088
17,336

Factors affecting tax charge for the year

There were no factors that affected the tax charge for the year which has been calculated on the profits on ordinary activities before tax at the standard rate of corporation tax in the UK of  25% (2023 - 19%).



Factors that may affect future tax charges

There were no factors that may affect future tax charges.


4.


Fixed asset investments





Investment properties

£



Cost or valuation


At 1 April 2023
2,194,696



At 31 March 2024
2,194,696




In the opinion of the director, the aggregate open market value of the properties owned by the company at the year end is  £2,194,696 (2023 - £2,194,696) the value shown in the accounts.

Page 3

 
BDS PROPERTIES (UK) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Debtors

2024
2023
£
£


VAT repayable
-
2,053

Prepayments and accrued income
-
5,239

-
7,292



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
-
4,033

Rent received in advance
27,925
22,575

Amounts owed to associated company
890,000
-

Corporation tax
26,088
17,336

Other taxation and social security
1,748
-

Director's loan account
10,482
8,520

Accruals and deferred income
2,995
3,589

959,238
56,053



7.


Controlling party

The company was under the control of the director Mr A S Sodhi, by virtue of the fact that he owns 100% of the issued share capital.

 
Page 4