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REGISTERED NUMBER: SC638643 (Scotland)















Unaudited Financial Statements for the Year Ended 31 August 2024

for

BJS Property Solutions Ltd.

BJS Property Solutions Ltd. (Registered number: SC638643)






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




Page

Balance Sheet 1

Notes to the Financial Statements 3


BJS Property Solutions Ltd. (Registered number: SC638643)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 - 150
Investment property 5 110,000 105,000
110,000 105,150

CURRENT ASSETS
Cash at bank 37,808 38,365

CREDITORS
Amounts falling due within one year 6 (70,906 ) (70,858 )
NET CURRENT LIABILITIES (33,098 ) (32,493 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

76,902

72,657

CREDITORS
Amounts falling due after more than one
year

7

(53,858

)

(55,734

)

PROVISIONS FOR LIABILITIES (4,000 ) (2,788 )
NET ASSETS 19,044 14,135

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 19,043 14,134
SHAREHOLDERS' FUNDS 19,044 14,135

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

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

BJS Property Solutions Ltd. (Registered number: SC638643)

Balance Sheet - continued
31 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 12 March 2025 and were signed by:





Mr B Shotliff - Director


BJS Property Solutions Ltd. (Registered number: SC638643)

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

1. STATUTORY INFORMATION

BJS Property Ltd. is a private company,limited by shares,domiciled in Scotland, registration number SC638643. The registered office is 28 Annet Road, Denny, Stirlingshire, FK6 5LN.

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 represents net invoiced sales in respect of property letting, excluding value added tax. Sales are recognised at the point at which rentals fall due.

Tangible fixed assets and depreciation
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

Tangible fixed assets are stated at cost less depreciation. Cost represent purchase price together with any incidental costs of acquisition.

The directors have considered the residual value of all tangible fixed assets to be immaterial and therefore all tangible fixed assets are depreciated to nil value.

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.

BJS Property Solutions Ltd. (Registered number: SC638643)

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

2. ACCOUNTING POLICIES - continued

Provisions
Provisions are recognised when the company has a legal or constructive obligation as a result of a past event, it is probable that an outflow of resources will be required to settle the obligation, and the amount has been reliably estimated. Provisions are not recognised for future operating losses. Provisions are discounted where the time value of money is material.

Where there are a number of similar obligations, the likelihood that an outflow will be required in settlement is determined by considering the class of obligations as a whole. A provision is recognised even if the likelihood of an outflow with respect to any one item included in the same class of obligations may be small.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 September 2023
and 31 August 2024 2,059
DEPRECIATION
At 1 September 2023 1,909
Charge for year 150
At 31 August 2024 2,059
NET BOOK VALUE
At 31 August 2024 -
At 31 August 2023 150

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2023 105,000
Revaluations 5,000
At 31 August 2024 110,000
NET BOOK VALUE
At 31 August 2024 110,000
At 31 August 2023 105,000

The investment property was valued on 13 September 2024 by Colin Strachan MRICS of Shepherd Chartered Surveyors. The investment property is included in the financial statements at its most recent fair value.

BJS Property Solutions Ltd. (Registered number: SC638643)

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

5. INVESTMENT PROPERTY - continued

Fair value at 31 August 2024 is represented by:
£   
Valuation in 2020 90,000
Valuation in 2021 4,000
Valuation in 2022 6,000
Valuation in 2023 5,000
Valuation in 2024 5,000
110,000

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans and overdrafts 1,876 1,808
Taxation and social security 298 354
Other creditors 68,732 68,696
70,906 70,858

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.24 31.8.23
£    £   
Bank loans 53,858 55,734

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 47,611 47,789

8. SECURED DEBTS

The following secured debts are included within creditors:

31.8.24 31.8.23
£    £   
Bank loans 55,734 57,542

During the previous financial year BJS Property Solutions Limited granted Charter Court Financial Services Limited a standard security over the investment property owned by the company at 119 Ingelston Avenue, Denny, FK6 6QP