ACCOUNTS - Final Accounts preparation

Company registration number: 10111836

	UNAUDITED FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 31 JULY 2025

	B B S PROPERTY INVESTMENT LIMITED


B B S PROPERTY INVESTMENT LIMITED

COMPANY INFORMATION

Directors	A Tilley
	G Tilley


Registered number	10111836


Registered office	8 -10 Portsmouth Road
	Cosham
	Portsmouth
	Hampshire
	PO6 2AE


Accountants	Menzies LLP
	Chartered Accountants
	3000a Parkway
	Whiteley
	Hampshire
	PO15 7FX


B B S PROPERTY INVESTMENT LIMITED

CONTENTS

	Page
Statement of Financial Position	1 - 2
Notes to the Financial Statements	3 - 8


B B S PROPERTY INVESTMENT LIMITED

STATEMENT OF FINANCIAL POSITION

AS AT 31 JULY 2025

		2025		2024
Note		£		£

Fixed assets
Tangible assets	4		105		131
Investment property	5		645,000		645,000
			645,105		645,131
Current assets
Debtors: amounts falling due within one year	6	357		4,508
Cash at bank and in hand		1,133		817
		1,490		5,325
Creditors: amounts falling due within one year	7	(288,864)		(266,071)
Net current liabilities			(287,374)		(260,746)
Total assets less current liabilities			357,731		384,385
Creditors: amounts falling due after more than one year	8		(197,174)		(237,867)
Provisions for liabilities
Deferred tax		(25,574)		(25,579)
			(25,574)		(25,579)
Net assets			134,983		120,939

Page 1


B B S PROPERTY INVESTMENT LIMITED REGISTERED NUMBER:10111836

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 JULY 2025

		2025		2024
		£		£

Capital and reserves
Called up share capital		100	100
Profit and loss account	9	134,883	120,839
		134,983	120,939

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

................................................ G Tilley	................................................ A Tilley
Director	Director

Date: 8 December 2025	Date:8 December 2025

The notes on pages 3 to 8 form part of these financial statements.

Page 2


B B S PROPERTY INVESTMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2025

1.	General information

B B S Property Investment Limited is a private company limited by shares incorporated in England and Wales. The address of the registered office is disclosed on the company information page.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Going concern

At the balance sheet date, the company had net current liabilities of £284,075 (2024 - £260,746).
The directors have pledged their continued support to the business, and it's noted that within other creditors is a balance of £241,087 (2024 - £221,087) due to a connected company. This loan will not be recalled until B B S Property Investments Limited is in a position to make repayments.
As such, the directors continue to produce these accounts on a going concern basis.

2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 3


B B S PROPERTY INVESTMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2025

2.Accounting policies (continued)

2.5

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income 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 income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Fixtures and fittings

20%

reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.7

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

Page 4


B B S PROPERTY INVESTMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2025

2.Accounting policies (continued)

2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.10

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.

Increases in provisions are generally charged as an expense to profit or loss.

2.11

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Statement of Financial Position when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

Employees

The average monthly number of employees, including directors, during the year was 2 (2024 - 2).

Page 5


B B S PROPERTY INVESTMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2025

4.	Tangible fixed assets

		Fixtures and fittings
		£
	Cost or valuation
	At 1 August 2024	500
	At 31 July 2025	500
	Depreciation
	At 1 August 2024	369
	Charge for the year on owned assets	26
	At 31 July 2025	395
	Net book value
	At 31 July 2025	105
	At 31 July 2024	131

5.	Investment property

		Freehold investment property
		£
	Valuation
	At 1 August 2024	645,000
	At 31 July 2025	645,000

The 2025 valuations were made by the director, on an open market value for existing use basis.

Page 6


B B S PROPERTY INVESTMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2025

Debtors

					2025	2024
					£	£


Trade debtors	-	3,655
Other debtors	100	100
Prepayments and accrued income	257	753
	357	4,508

7.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Bank loans	42,036	36,036
Corporation tax	3,299	3,015
Other creditors	241,087	221,086
Accruals and deferred income	2,442	5,934
	288,864	266,071

Bank loans are secured by way of a fixed and floating charge over the assets of the company.

8.	Creditors: Amounts falling due after more than one year
		2025	2024
		£	£

Bank loans	197,174	237,867
	197,174	237,867

Bank loans are secured by way of a fixed and floating charge over the assets of the company.

Page 7


B B S PROPERTY INVESTMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2025

Reserves

Profit and loss account

Included within the profit and loss account reserve is an amount arising from unrealised gains on property valuation net of deferred tax of £108,940 (2024 - £108,940) which is classed as non distributable.

10.	Related party transactions
	Included within creditors is a balance of £241,087 (2024 - £221,087) owed by the company to Basins, Baths & Showers Limited, a company in which the directors hold a controlling interest. This loan was provided interest free and is repayable on demand.

11.	Controlling party

In the opinion of the directors there is no single controlling party.

Page 8