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REGISTERED NUMBER: 09601900 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

BS GROUP LIMITED

BS GROUP LIMITED (REGISTERED NUMBER: 09601900)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


BS GROUP LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: J Doran
S Kaskanian





REGISTERED OFFICE: C/O Kingly Jones LLP
414 Linen Hall
162-168 Regent Street
London
W1B 5TE





REGISTERED NUMBER: 09601900 (England and Wales)





ACCOUNTANTS: Kingly Jones LLP
Chartered Accountants
414 Linen Hall
162-168 Regent Street
London
W1B 5TE

BS GROUP LIMITED (REGISTERED NUMBER: 09601900)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 12,282 19,091
Investments 5 300 300
Investment property 6 10,284,507 9,931,426
10,297,089 9,950,817

CURRENT ASSETS
Debtors 7 10,496 16,771
Cash at bank 966,760 677,467
977,256 694,238
CREDITORS
Amounts falling due within one year 8 8,885,780 8,651,093
NET CURRENT LIABILITIES (7,908,524 ) (7,956,855 )
TOTAL ASSETS LESS CURRENT LIABILITIES 2,388,565 1,993,962

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 2,388,465 1,993,862
SHAREHOLDERS' FUNDS 2,388,565 1,993,962

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

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

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 Board of Directors and authorised for issue on 26 February 2025 and were signed on its behalf by:




J Doran - Director



S Kaskanian - Director


BS GROUP LIMITED (REGISTERED NUMBER: 09601900)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1. STATUTORY INFORMATION

BS Group 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.

The directors have prepared the financial statements on the going concern basis. The Directors have substantial loans within other creditors and will not be seeking repayment in the near future. The future cash flows of the company have been considered by the directors and they satisfied there are sufficient funds available for the foreseeable future.

Preparation of consolidated financial statements
The financial statements contain information about BS Group Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

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.
Plant and machinery etc - 33% on cost and 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 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

BS GROUP LIMITED (REGISTERED NUMBER: 09601900)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

2. ACCOUNTING POLICIES - continued

Payments in respect of other post-retirement benefits are charged to profit or loss in the period to which they relate.


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2023
and 31 May 2024 211,947
DEPRECIATION
At 1 June 2023 192,856
Charge for year 6,809
At 31 May 2024 199,665
NET BOOK VALUE
At 31 May 2024 12,282
At 31 May 2023 19,091

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 June 2023
and 31 May 2024 300
NET BOOK VALUE
At 31 May 2024 300
At 31 May 2023 300

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2023 9,931,426
Additions 353,081
At 31 May 2024 10,284,507
NET BOOK VALUE
At 31 May 2024 10,284,507
At 31 May 2023 9,931,426

The investment properties were valued on an open market basis on 31 May 2024 by the directors and the directors consider there has been no increase in fair value from cost.

BS GROUP LIMITED (REGISTERED NUMBER: 09601900)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 10,194 6,443
Other debtors 302 10,328
10,496 16,771

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 49,056 58,337
Taxation and social security 139,407 111,243
Other creditors 8,697,317 8,481,513
8,885,780 8,651,093

9. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.