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REGISTERED NUMBER: 12423112 (England and Wales)















BSN Developments Limited

Unaudited Financial Statements for the Year Ended 31 January 2023






BSN Developments Limited (Registered number: 12423112)






Contents of the Financial Statements
for the Year Ended 31 January 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


BSN Developments Limited

Company Information
for the Year Ended 31 January 2023







DIRECTOR: F Russell





REGISTERED OFFICE: 559a Kings Road
London
SW6 2EB





REGISTERED NUMBER: 12423112 (England and Wales)





ACCOUNTANTS: Aggarwal & Co Limited
Chartered Accountants
5 London Road
Rainham
Gillingham
Kent
ME8 7RG

BSN Developments Limited (Registered number: 12423112)

Statement of Financial Position
31 January 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Inventories 498,945 242,550
Debtors 4 350,128 86,744
Cash at bank 371 2,017
849,444 331,311
CREDITORS
Amounts falling due within one year 5 813,183 289,721
NET CURRENT ASSETS 36,261 41,590
TOTAL ASSETS LESS CURRENT LIABILITIES 36,261 41,590

CREDITORS
Amounts falling due after more than one
year

6

50,000

48,333
NET LIABILITIES (13,739 ) (6,743 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (13,839 ) (6,843 )
(13,739 ) (6,743 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

BSN Developments Limited (Registered number: 12423112)

Statement of Financial Position - continued
31 January 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 director and authorised for issue on 28 October 2024 and were signed by:





F Russell - Director


BSN Developments Limited (Registered number: 12423112)

Notes to the Financial Statements
for the Year Ended 31 January 2023

1. STATUTORY INFORMATION

BSN Developments 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Inventories
Inventories are measured at the lower of cost and estimated selling price less costs to complete and sell.
In respect of work in progress and finished goods, cost includes an appropriate proportion of attributable overheads according to the stage of manufacture/completion.

Financial instruments
The Company enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties.

Basic financial instruments are recognised at amortised cost, with changes recognised in the income statement.

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 AND DIRECTORS

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

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings 52,676 52,676
Other debtors 297,452 34,068
350,128 86,744

BSN Developments Limited (Registered number: 12423112)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts - 1,667
Trade creditors 54,814 54,814
Amounts owed to group undertakings 747,078 217,278
Taxation and social security 6,612 8,202
Other creditors 4,679 7,760
813,183 289,721

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 50,000 48,333

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2023 and 31 January 2022:

2023 2022
£    £   
F Russell
Balance outstanding at start of year 25,865 11,159
Amounts advanced 135 18,706
Amounts repaid (11,600 ) (4,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 14,400 25,865

8. RELATED PARTY DISCLOSURES

During the year the company had significant transactions with the following companies in which the director Mr F. Russell has significant or majority shareholding;

IMPERIAL CORPORATE CAPITAL PLC
Company number 10115626