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REGISTERED NUMBER: 09518814 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2024

for

BPS 2015 Ltd

BPS 2015 Ltd (Registered number: 09518814)

Contents of the Financial Statements
for the Year Ended 30 November 2024










Page

Balance Sheet 1

Notes to the Financial Statements 3


BPS 2015 Ltd (Registered number: 09518814)

Balance Sheet
30 November 2024

2024 2023
Notes £ £
Fixed assets
Investments 5 1,772,521 1,772,521

Current assets
Debtors 6 1,868 6,452
Cash at bank 32,448 27,211
34,316 33,663
Creditors
Amounts falling due within one year 7 (160,784 ) (210,092 )
Net current liabilities (126,468 ) (176,429 )
Total assets less current liabilities 1,646,053 1,596,092

Creditors
Amounts falling due after more than one
year

8

-

(159,800

)
Net assets 1,646,053 1,436,292

Capital and reserves
Called up share capital 100,000 100,000
Retained earnings 1,546,053 1,336,292
1,646,053 1,436,292

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

BPS 2015 Ltd (Registered number: 09518814)

Balance Sheet - continued
30 November 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 15 July 2025 and were signed on its behalf by:




Mrs B M Sims - Director



Mr L B Payne - Director


BPS 2015 Ltd (Registered number: 09518814)

Notes to the Financial Statements
for the Year Ended 30 November 2024


1. Statutory information

BPS 2015 Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 09518814

Registered office: Queens Head House
The Street
Acle
Norwich
Norfolk
NR13 3DY

The presentation currency of the financial statements is the Pound Sterling (£).


2. Statement of compliance

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.

3. Accounting policies

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Critical accounting judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

BPS 2015 Ltd (Registered number: 09518814)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024


3. Accounting policies - continued

Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised. Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

4. Employees and directors

The average number of employees during the year was 7 (2023 - 7 ) .

BPS 2015 Ltd (Registered number: 09518814)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024


5. Fixed asset investments
Shares in
group
undertakings
£
Cost
At 1 December 2023
and 30 November 2024 1,772,521
Net book value
At 30 November 2024 1,772,521
At 30 November 2023 1,772,521

Fixed asset investments are initially recorded at cost and subject to an annual impairment review.

6. Debtors: amounts falling due within one year
2024 2023
£ £
Amounts owed by group undertakings 1,868 6,452

7. Creditors: amounts falling due within one year
2024 2023
£ £
Other creditors 160,784 210,092

8. Creditors: amounts falling due after more than one year
2024 2023
£ £
Other creditors - 159,800

9. Secured debts

The following secured debts are included within creditors:

2024 2023
£ £
Other loans 159,800 369,073

Other loans are secured by a deed of debenture dated 17 August 2015 which contains fixed and floating charges, the latter which covers all the property and undertaking of the company.

10. Related party disclosures

Included in creditors under one year is £159,800 (2023 - £209,273) and creditors due over one year is £nil (2023 - £159,800) owed to related parties. Interest of £5,464 (2023 - £9,490) was paid during the year.

BPS 2015 Ltd (Registered number: 09518814)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024


11. Ultimate controlling party

There is no ultimate controlling party.