REGISTERED NUMBER: 11446153 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

BSM PROPERTIES LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

Directors:

Mr B M Thompson

Mr S A Thompson

Registered office:

Unit 1

1 Ardmore Road

South Ockendon

Essex

RM15 5TH

Registered number:

11446153 (England and Wales)

Accountants:

Cooper Parry Advisory Limited

New Derwent House

69-73 Theobalds Road

London

WC1X 8TA

Fixed assets

Tangible assets

4

5,777

9,112

Investment property

5

1,476,994

1,250,000

1,482,771

1,259,112

Current assets

Cash at bank

9,191

22,089

Creditors

Amounts falling due within one year

6

1,050,143

908,077

Net current liabilities

(1,040,952

)

(885,988

)

Total assets less current liabilities

441,819

373,124

Creditors

Amounts falling due after more than one year

7

(181,041

)

(107,311

)

Provisions for liabilities

9

(51,607

)

(51,894

)

Net assets

209,171

213,919

Capital and reserves

Called up share capital

10

6

6

Revaluation reserve

11

213,852

213,852

Retained earnings

(4,687

)

61

Shareholders' funds

209,171

213,919

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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 September 2025 and were signed on its behalf by:

Mr B M Thompson - Director

1.	Statutory information

BSM Properties 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.

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

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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts and rebates.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on cost

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 Profit and Loss Account, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

3.	Employees and directors

The average number of employees during the year was 2 (2023 - 2 ) .

4.	Tangible fixed assets

Plant and

machinery

£

Cost

At 1 January 2024

and 31 December 2024

13,340

Depreciation

At 1 January 2024

4,228

Charge for year

3,335

At 31 December 2024

7,563

Net book value

At 31 December 2024

5,777

At 31 December 2023

9,112

5.	Investment property

Total

£

Fair value

At 1 January 2024

1,250,000

Additions

226,994

At 31 December 2024

1,476,994

Net book value

At 31 December 2024

1,476,994

At 31 December 2023

1,250,000

Fair value at 31 December 2024 is represented by:

£

Valuation in 2022

264,014

Cost

1,212,980

1,476,994

6.

Creditors: amounts falling due within one year

2024

2023

£

£

Bank loans and overdrafts

20,798

8,974

Trade creditors

328

193

Taxation and social security

1,301

5,589

Other creditors

1,027,716

893,321

1,050,143

908,077

7.

Creditors: amounts falling due after more than one year

2024

2023

£

£

Bank loans

181,041

107,311

2024

2023

£

£

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 years

97,848

71,409

8.	Secured debts

The following secured debts are included within creditors:

2024

2023

£

£

Bank loans

201,839

116,285

The bank loan is secured by way of a fixed and floating charge over the property.

9.	Provisions for liabilities

2024

2023

£

£

Deferred tax

51,607

51,894

Deferred tax

£

Balance at 1 January 2024

51,894

Provided during year

(287

)

Balance at 31 December 2024

51,607

10.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

6

Ordinary

£1

6

6

11.

Reserves

Revaluation

reserve

£

At 1 January 2024

and 31 December 2024

213,852