BSR O&M Limited

Contents

Balance Sheet	1
Notes to the Financial Statements	2 to 7

BSR O&M Limited

Balance Sheet

31 December 2024

	Note	2024 £	2023 £
Fixed assets
Tangible assets	4	18,554	-
Amounts owed by group undertakings	5	221,268	-
		239,822	-
Current assets
Debtors	5	52,939	108,022
Cash at bank and in hand		180,076	174,673
		233,015	282,695
Creditors: Amounts falling due within one year	6	(632,944)	(407,734)
Net current liabilities		(399,929)	(125,039)
Total assets less current liabilities		(160,107)	(125,039)
Provisions for liabilities		(4,639)	-
Net liabilities		(164,746)	(125,039)
Capital and reserves
Called up share capital	7	100	100
Profit and loss account		(164,846)	(125,139)
Shareholders' deficit		(164,746)	(125,039)

These financial statements have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 5 September 2025 and signed on its behalf by:
 

......................................... Mr C D Bennett Director

Company Registration Number: 13273090

BSR O&M Limited

Notes to the Financial Statements

Year Ended 31 December 2024

1	General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
35 - 35A The Maltings
Lower Charlton Trading Estate
Shepton Mallet
Somerset
England
BA4 5QE

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The presentation currency of the financial statements is £ sterling.

Going concern

The financial statements have been prepared on a going concern basis.

The company has net current liabilities of £399,929 (2023: £125,039).

In making their going concern assessment, the directors have obtained confirmation that the ultimate parent undertaking and other group companies will continue to provide financial and non financial support to the company for the foreseeable future, being at least 12 months from approval of the financial statements.

The directors have obtained confirmation that the amounts due to group companies, whilst considered repayable on demand, will only be called in when there are sufficient funds to do so and not in detriment to third party creditors.

The directors have also considered the ability of the ultimate parent undertaking and other group companies ability to provide financial and non financial support for the foreseeable future.

As such, the directors believe that the going concern basis to be appropriate.

BSR O&M Limited

Notes to the Financial Statements

Year Ended 31 December 2024

Revenue recognition

Revenue is generated through the delivery of services to solar parks. Where maintenance contracts are entered into they are recognised evenly over the life of the contract.

Revenue is also generated from specific recharged oif costs incurred outside the scope of normal maintenance contracts. Revenue is recognised for such transactions when the goods or service has been delivered.

Tax

Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant & machinery	20% straight line

BSR O&M Limited

Notes to the Financial Statements

Year Ended 31 December 2024

Financial instruments

Classification
The company holds the following financial instruments:

• Short term trade and other debtors and creditors;
• Balances with group undertakings; and
• Cash and bank balances.

All financial instruments are classified as basic.

 Recognition and measurement
The company has chosen to apply the recognition and measurement principles in FRS102.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.

Such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.

 

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2023 - 0).

BSR O&M Limited

Notes to the Financial Statements

Year Ended 31 December 2024

4	Tangible assets

	Plant and machinery £	Total £
Cost or valuation
Additions	22,265	22,265
At 31 December 2024	22,265	22,265
Depreciation
Charge for the year	3,711	3,711
At 31 December 2024	3,711	3,711
Carrying amount
At 31 December 2024	18,554	18,554

5

Debtors

Current	2024 £	2023 £
Trade debtors	22,479	3,781
Amounts owed by group undertakings	-	88,814
Prepayments	30,460	15,427
	52,939	108,022