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REGISTERED NUMBER: 06030403 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

BDRS LIMITED

BDRS LIMITED (REGISTERED NUMBER: 06030403)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BDRS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: Mr S A Simons
Mr R J Blair
Mr D L Kreeger
Mr B R Levy





SECRETARY: Mr B R Levy





REGISTERED OFFICE: 55 Loudoun Road
London
NW8 0DL





REGISTERED NUMBER: 06030403 (England and Wales)





ACCOUNTANTS: MGR SD Limited
Chartered Accountants
55 Loudoun Road
London
NW8 0DL

BDRS LIMITED (REGISTERED NUMBER: 06030403)

BALANCE SHEET
31 DECEMBER 2024

31.12.24 31.12.23
Notes £    £   
FIXED ASSETS
Investment property 4 500,000 500,000

CURRENT ASSETS
Debtors 5 - 703
Cash at bank 1,070 587
1,070 1,290
CREDITORS
Amounts falling due within one year 6 (187,754 ) (183,068 )
NET CURRENT LIABILITIES (186,684 ) (181,778 )
TOTAL ASSETS LESS CURRENT LIABILITIES 313,316 318,222

CREDITORS
Amounts falling due after more than one
year

7

(59,403

)

(63,398

)

PROVISIONS FOR LIABILITIES 10 (32,814 ) (22,145 )
NET ASSETS 221,099 232,679

CAPITAL AND RESERVES
Called up share capital 11 100 100
Fair value reserve 12 191,611 202,280
Retained earnings 12 29,388 30,299
SHAREHOLDERS' FUNDS 221,099 232,679

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

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

BDRS LIMITED (REGISTERED NUMBER: 06030403)

BALANCE SHEET - continued
31 DECEMBER 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 Board of Directors and authorised for issue on 4 April 2025 and were signed on its behalf by:




Mr R J Blair - Director



Mr S A Simons - Director


BDRS LIMITED (REGISTERED NUMBER: 06030403)

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


1. STATUTORY INFORMATION

BDRS 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.

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.

The company's balance sheet shows net current liabilities of £186,684 (2023: £181,778). The directors have indicated that they will continue to support the company for the foreseeable future should additional funding be required. On this basis, the financial statements have been prepared on the going concern basis.

Turnover
Turnover represents rent receivable.

Investment property
Investment property is shown at fair value. Any aggregate surplus or deficit arising from changes in fair value is recognised in fair value reserve.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2024
and 31 December 2024 500,000
NET BOOK VALUE
At 31 December 2024 500,000
At 31 December 2023 500,000

Fair value at 31 December 2024 is represented by:
£   
Valuation in 2017 224,425
Cost 275,575
500,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors - 703

BDRS LIMITED (REGISTERED NUMBER: 06030403)

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


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans and overdrafts (see note 8) 19,084 18,398
Trade creditors 233 233
Other creditors 168,437 164,437
187,754 183,068

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans (see note 8) 59,403 63,398

8. LOANS

An analysis of the maturity of loans is given below:

31.12.24 31.12.23
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 8,174 7,488
Bank loan 10,910 10,910
19,084 18,398

Amounts falling due between one and two years:
Bank loans - 1-2 years 10,910 10,910

Amounts falling due between two and five years:
Bank loans - 2-5 years 48,493 52,488

9. SECURED DEBTS

The following secured debts are included within creditors:

31.12.24 31.12.23
£    £   
Bank loans 70,313 74,308

The bank indebtness is secured on the investment property.

10. PROVISIONS FOR LIABILITIES
31.12.24 31.12.23
£    £   
Deferred tax 32,814 22,145

BDRS LIMITED (REGISTERED NUMBER: 06030403)

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


10. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 January 2024 22,145
Provided during year 10,669
Balance at 31 December 2024 32,814

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.12.23
value: £    £   
100 Ordinary £1 100 100

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

At 1 January 2024 30,299 202,280 232,579
Deficit for the year (11,580 ) (11,580 )
Deferred tax 10,669 (10,669 ) -
At 31 December 2024 29,388 191,611 220,999