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Registered number: 09705445
BSRS Trading Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Synergy Accountancy Services LLP
Chartered Certified Accountants
378 Walsall Road
Perry Barr
Birmingham
B42 2LX
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09705445
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,000,000 1,000,000
1,000,000 1,000,000
CURRENT ASSETS
Debtors 5 7,552 8,152
Cash at bank and in hand 59,677 42,880
67,229 51,032
Creditors: Amounts Falling Due Within One Year 6 (645,134 ) (642,987 )
NET CURRENT ASSETS (LIABILITIES) (577,905 ) (591,955 )
TOTAL ASSETS LESS CURRENT LIABILITIES 422,095 408,045
Creditors: Amounts Falling Due After More Than One Year 7 (105,989 ) (105,987 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (38,637 ) (38,637 )
NET ASSETS 277,469 263,421
CAPITAL AND RESERVES
Called up share capital 8 1 1
Fair value reserve 10 164,715 164,715
Profit and Loss Account 112,753 98,705
SHAREHOLDERS' FUNDS 277,469 263,421
Page 1
Page 2
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Balwant Bains
Director
11 October 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
BSRS Trading Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09705445 . The registered office is Lalita Buildings, 378 Walsall Road, Perry Barr, Birmingham, B42 2LX.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover comprises rental income receivable in the year.

Rental income is recognised from the point they are available for letting, net of any voids.
2.3. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.4. Taxation
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
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Page 4
4. Tangible Assets
Investment Properties
£
Cost or Valuation
As at 1 April 2023 1,000,000
As at 31 March 2024 1,000,000
Net Book Value
As at 31 March 2024 1,000,000
As at 1 April 2023 1,000,000
Cost or valuation as at 31 March 2024 represented by:
Investment Properties
£
At cost 796,648
At valuation 203,352
1,000,000
The fair value of the properties at 31 March 2024 have been arrived at on the basis of valuations carried out at that date by the director, who is not a professionally qualified valuer. The valuations were arrived at by reference to market evidence of transaction prices for similar properties in their locations and take into account the state of the rental market in the area where the properties are situated.
5. Debtors
2024 2023
£ £
Due within one year
Other debtors 7,552 8,152
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Amounts owed to group undertakings 635,017 635,017
Other creditors 6,822 4,377
Taxation and social security 3,295 3,593
645,134 642,987
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Page 5
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 105,989 105,987
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 April 2023 Amounts advanced Amounts repaid Amounts written off As at 31 March 2024
£ £ £ £ £
Mr Balwant Bains 8,152 - 600 - 7,552
The above loan is unsecured, interest free and repayable on demand.
10. Reserves
Fair Value Reserve
£
As at 1 April 2023 164,715
As at 31 March 2024 164,715
Page 5