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REGISTERED NUMBER: 10478365 (England and Wales)















Financial Statements for the Year Ended 30 November 2022

for

BSM International Ltd

BSM International Ltd (Registered number: 10478365)






Contents of the Financial Statements
for the Year Ended 30 November 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BSM International Ltd

Company Information
for the Year Ended 30 November 2022







DIRECTOR: B S Montague





REGISTERED OFFICE: 78 York Street
London
W1H 1DP





REGISTERED NUMBER: 10478365 (England and Wales)





ACCOUNTANTS: Price & Accountants Ltd
WeWork
1 Fore Street Avenue
London
EC2Y 9DT

BSM International Ltd (Registered number: 10478365)

Balance Sheet
30 November 2022

30.11.22 30.11.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 5,344 6,987

CURRENT ASSETS
Debtors 4 473,129 724,898
Investments 5 342,144 347,827
Cash at bank - 6,013
815,273 1,078,738
CREDITORS
Amounts falling due within one year 6 64,163 51,143
NET CURRENT ASSETS 751,110 1,027,595
TOTAL ASSETS LESS CURRENT
LIABILITIES

756,454

1,034,582

PROVISIONS FOR LIABILITIES 1,328 1,328
NET ASSETS 755,126 1,033,254

CAPITAL AND RESERVES
Called up share capital 201 201
Share premium 900 900
Retained earnings 754,025 1,032,153
755,126 1,033,254

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2022 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.

BSM International Ltd (Registered number: 10478365)

Balance Sheet - continued
30 November 2022


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 29 January 2025 and were signed by:





B S Montague - Director


BSM International Ltd (Registered number: 10478365)

Notes to the Financial Statements
for the Year Ended 30 November 2022

1. 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office equipment - 3 years
Computer equipment - 25% on cost

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.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2021 - 1 ) .

BSM International Ltd (Registered number: 10478365)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2022

3. TANGIBLE FIXED ASSETS
Office Computer
equipment equipment Totals
£    £    £   
COST
At 1 December 2021 9,352 11,177 20,529
Additions 2,081 - 2,081
At 30 November 2022 11,433 11,177 22,610
DEPRECIATION
At 1 December 2021 8,241 5,301 13,542
Charge for year 1,073 2,651 3,724
At 30 November 2022 9,314 7,952 17,266
NET BOOK VALUE
At 30 November 2022 2,119 3,225 5,344
At 30 November 2021 1,111 5,876 6,987

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.22 30.11.21
£    £   
Trade debtors 160,820 285,033
Amounts owed by related undertakings 234,434 163,351
Other debtors 77,875 276,514
473,129 724,898

5. CURRENT ASSET INVESTMENTS
30.11.22 30.11.21
£    £   
Unlisted investments 65,000 65,000
Other 277,144 282,827
342,144 347,827

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.22 30.11.21
£    £   
Bank loans and overdrafts 11,693 -
Trade creditors 4,013 3,616
Taxation and social security 25,518 43,680
Other creditors 22,939 3,847
64,163 51,143

BSM International Ltd (Registered number: 10478365)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2022

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the reporting date, there was an outstanding balance on the director's loan account of £77,665.04. This amount has been repaid in full by the director in the form of dividends after the year end. Interest has been charged on the balance during the period which the account was overdrawn based on HMRC's official interest rate.

8. RELATED PARTY DISCLOSURES

At the reporting date, the company has loaned £234,434.04 to BSM Prop Limited, a company registered in the United Kingdom (Company registration number: 11610165). Mr. Blake Montague is also a director and sole shareholder in the company. An agreed rate of interest has been charged on the loan amount.