2 false false false false false false false false false false true false false false false false false No description of principal activity 2024-02-01 Sage Accounts Production Advanced 2024 - FRS102_2024 11,355,989 3,894,011 15,250,000 15,250,000 xbrli:pure xbrli:shares iso4217:GBP 11756608 2024-02-01 2025-01-31 11756608 2025-01-31 11756608 2024-01-31 11756608 2023-02-01 2024-01-31 11756608 2024-01-31 11756608 2023-01-31 11756608 bus:Director2 2024-02-01 2025-01-31 11756608 core:AfterOneYear 2025-01-31 11756608 core:AfterOneYear 2024-01-31 11756608 core:WithinOneYear 2025-01-31 11756608 core:WithinOneYear 2024-01-31 11756608 core:ShareCapital 2025-01-31 11756608 core:ShareCapital 2024-01-31 11756608 core:RevaluationReserve 2025-01-31 11756608 core:RetainedEarningsAccumulatedLosses 2025-01-31 11756608 core:RetainedEarningsAccumulatedLosses 2024-01-31 11756608 core:LandBuildings core:OwnedOrFreeholdAssets 2025-01-31 11756608 core:LandBuildings core:OwnedOrFreeholdAssets 2024-01-31 11756608 core:LandBuildings core:OwnedOrFreeholdAssets 2024-01-31 11756608 core:LandBuildings core:OwnedOrFreeholdAssets 2024-02-01 2025-01-31 11756608 bus:Director1 2024-02-01 2025-01-31 11756608 bus:SmallEntities 2024-02-01 2025-01-31 11756608 bus:AuditExempt-NoAccountantsReport 2024-02-01 2025-01-31 11756608 bus:SmallCompaniesRegimeForAccounts 2024-02-01 2025-01-31 11756608 bus:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 11756608 bus:FullAccounts 2024-02-01 2025-01-31
COMPANY REGISTRATION NUMBER: 11756608
BSD ACQUISITIONS LONDON LTD
Filleted Unaudited Financial Statements
31 January 2025
BSD ACQUISITIONS LONDON LTD
Statement of Financial Position
31 January 2025
2025
2024
Note
£
£
Fixed assets
Tangible assets
5
15,250,000
11,350,989
Current assets
Cash at bank and in hand
81,840
97,770
Creditors: amounts falling due within one year
6
5,850,357
2,636,587
------------
------------
Net current liabilities
5,768,517
2,538,817
-------------
-------------
Total assets less current liabilities
9,481,483
8,812,172
Creditors: amounts falling due after more than one year
7
5,876,732
9,196,553
------------
------------
Net assets/(liabilities)
3,604,751
( 384,381)
------------
------------
Capital and reserves
Called up share capital
100
100
Revaluation reserve
3,894,011
Profit and loss account
( 289,360)
( 384,481)
------------
---------
Shareholders funds/(deficit)
3,604,751
( 384,381)
------------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
BSD ACQUISITIONS LONDON LTD
Statement of Financial Position (continued)
31 January 2025
These financial statements were approved by the board of directors and authorised for issue on 13 February 2025 , and are signed on behalf of the board by:
Mr M Simon
Director
Company registration number: 11756608
BSD ACQUISITIONS LONDON LTD
Notes to the Financial Statements
Year ended 31 January 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is York House, 1 Seagrave Road, London, SW6 1RP, United Kingdom.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
These accounts have been prepared on the going concern basis and the challenges presented by current economic climate, the directors are satisfied that the company has sufficient cash flows to meet its liabilities as they fall due for at least one year from the date of approval of the accounts.
Revenue recognition
Turnover is measured at fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the letting and operating of own or leased real estate.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2024: 2 ).
5. Tangible assets
Freehold property
£
Cost or valuation
At 1 February 2024
11,355,989
Revaluations
3,894,011
-------------
At 31 January 2025
15,250,000
-------------
Depreciation
At 1 February 2024 and 31 January 2025
-------------
Carrying amount
At 31 January 2025
15,250,000
-------------
At 31 January 2024
11,355,989
-------------
6. Creditors: amounts falling due within one year
2025
2024
£
£
Other creditors
5,850,357
2,636,587
------------
------------
7. Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
5,876,732
9,196,553
------------
------------
8. Directors' advances, credits and guarantees
At the year end,company owed the directors £94,454. Mr Matthew Simon £47,277 and Mr Aaron Issacharoff £47,277.
9. Related party transactions
The company was under control of Mr M Simon and Mr A Issacharoff throughout the current year.They are both directors and principal shareholders in the company At the year end the related company balances were as follows;
2025 £ Debit/ ( Credit) 2024 £ Debit/ ( Credit)
£ £
BSD Acqusitions Ltd (3,526,396) (3,545,836)
Star 42 Ltd (30,720) (30,720)
Star 43 Ltd 5,098 5,098
Parita Holding UK Ltd 14,700 19,700
BSD Partnership Limited 24,150 24,150
BSD Commercial Acquisitions Limited 8,000 8,000
BSD Group Holding Ltd 3,326,260