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REGISTERED NUMBER: 11489818 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st August 2024

for

BIDSID LTD

BIDSID LTD (REGISTERED NUMBER: 11489818)

Contents of the Financial Statements
for the Year Ended 31st August 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BIDSID LTD

Company Information
for the Year Ended 31st August 2024







DIRECTORS: Mr K Chan
Mr H Minhas





REGISTERED OFFICE: 4 Clews Road
Redditch
Worcestershire
B98 7ST





REGISTERED NUMBER: 11489818 (England and Wales)





ACCOUNTANTS: Hayward Wright Ltd
4 Clews Road
Redditch
Worcestershire
B98 7ST

BIDSID LTD (REGISTERED NUMBER: 11489818)

Balance Sheet
31st August 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,116 4,674
Investment property 5 3,743,430 4,167,931
3,746,546 4,172,605

CURRENT ASSETS
Debtors 6 378,196 8,597
Cash at bank 9,571 92,340
387,767 100,937
CREDITORS
Amounts falling due within one year 7 1,045,226 1,208,113
NET CURRENT LIABILITIES (657,459 ) (1,107,176 )
TOTAL ASSETS LESS CURRENT LIABILITIES 3,089,087 3,065,429

CREDITORS
Amounts falling due after more than one
year

8

(2,648,065

)

(2,687,454

)

PROVISIONS FOR LIABILITIES 10 (44,195 ) (44,491 )
NET ASSETS 396,827 333,484

CAPITAL AND RESERVES
Called up share capital 11 200 200
Fair value reserve 12 185,887 185,887
Retained earnings 12 210,740 147,397
SHAREHOLDERS' FUNDS 396,827 333,484

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st August 2024 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.

BIDSID LTD (REGISTERED NUMBER: 11489818)

Balance Sheet - continued
31st August 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6th February 2025 and were signed on its behalf by:




Mr H Minhas - Director



Mr K Chan - Director


BIDSID LTD (REGISTERED NUMBER: 11489818)

Notes to the Financial Statements
for the Year Ended 31st August 2024


1. STATUTORY INFORMATION

Bidsid Ltd 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.

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.
Fixtures and fittings - 25% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

BIDSID LTD (REGISTERED NUMBER: 11489818)

Notes to the Financial Statements - continued
for the Year Ended 31st August 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1st September 2023
and 31st August 2024 12,119
DEPRECIATION
At 1st September 2023 7,445
Charge for year 1,558
At 31st August 2024 9,003
NET BOOK VALUE
At 31st August 2024 3,116
At 31st August 2023 4,674

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st September 2023 4,167,931
Additions 135,000
Disposals (559,501 )
At 31st August 2024 3,743,430
NET BOOK VALUE
At 31st August 2024 3,743,430
At 31st August 2023 4,167,931

Fair value at 31st August 2024 is represented by:
£   
Valuation in 2022 229,490
Cost 3,513,940
3,743,430

BIDSID LTD (REGISTERED NUMBER: 11489818)

Notes to the Financial Statements - continued
for the Year Ended 31st August 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 368,873 -
Other debtors 6,846 6,120
Prepayments 2,477 2,477
378,196 8,597

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other loans (see note 9) 16,923 27,500
Trade creditors - 751
Amounts owed to joint ventures 105,142 33,642
Tax 6,081 14,101
VAT 37,314 1,551
Directors' current accounts 879,766 1,130,568
1,045,226 1,208,113

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Other loans (see note 9) 2,648,065 2,687,454

9. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Other loans 16,923 27,500

Amounts falling due between two and five years:
Other loans - 2-5 years 2,648,065 2,687,454

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 592 888
Other timing differences 43,603 43,603
44,195 44,491

BIDSID LTD (REGISTERED NUMBER: 11489818)

Notes to the Financial Statements - continued
for the Year Ended 31st August 2024


10. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1st September 2023 44,491
Credit to Statement of Income and Retained Earnings during year (296 )
Balance at 31st August 2024 44,195

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
50 Ordinary A voting £1 50 50
50 Ordinary B voting £1 50 50
50 Ordinary C voting £1 50 50
50 Ordinary D voting £1 50 50
200 200

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

At 1st September 2023 147,397 185,887 333,284
Profit for the year 63,343 63,343
At 31st August 2024 210,740 185,887 396,627