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Company registration number: 04050118
BSR Properties Limited
Trading as Keystone Property Management
Unaudited filleted financial statements
31 March 2025
BSR Properties Limited
Contents
Directors and other information
Accountant's report
Statement of financial position
Notes to the financial statements
BSR Properties Limited
Directors and other information
Directors S M Riley
B A Riley
Secretary S M Riley
Company number 04050118
Registered office 392-394 Hoylake Road
Moreton
Wirral
CH46 6DF
Business address 38-40 King Street
Wallasey
Wirral
CH44 8AU
Accountant Hailwood & Co.
392-394 Hoylake Road
Moreton
Wirral
CH46 6DF
BSR Properties Limited
Chartered accountant's report to the board of directors on the preparation of the
unaudited statutory financial statements of BSR Properties Limited
Year ended 31 March 2025
As described on the Statement of financial position, the directors of the company are responsible for the preparation of the financial statements for the year ended 31 March 2025, as set out on pages 3 to 7.
You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions I have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to me.
Hailwood & Co.
Chartered Accountants
392-394 Hoylake Road
Moreton
Wirral
CH46 6DF
18 December 2025
BSR Properties Limited
Statement of financial position
31 March 2025
2025 2024
Note £ £ £ £
Fixed assets
Tangible assets 5 10,584 10,898
_______ _______
10,584 10,898
Current assets
Debtors 6 24,428 24,428
Cash at bank and in hand 119,831 105,659
_______ _______
144,259 130,087
Creditors: amounts falling due
within one year 7 ( 125,344) ( 116,577)
_______ _______
Net current assets 18,915 13,510
_______ _______
Total assets less current liabilities 29,499 24,408
_______ _______
Net assets 29,499 24,408
_______ _______
Capital and reserves
Called up share capital 2 2
Profit and loss account 29,497 24,406
_______ _______
Shareholders funds 29,499 24,408
_______ _______
For the year ending 31 March 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.
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.
These financial statements were approved by the board of directors and authorised for issue on 18 December 2025 , and are signed on behalf of the board by:
B A Riley
Director
Company registration number: 04050118
BSR Properties Limited
Notes to the financial statements
Year ended 31 March 2025
1. General information
The company is a private company limited by shares, registered in England. The address of the registered office is 392-394 Hoylake Road, Moreton, Wirral, CH46 6DF.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and 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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible assets
tangible assets are initially recorded at cost, and are 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.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Long leasehold property - Not depreciated
Office equipment - 25 % reducing balance
Fittings fixtures and equipment - 25 % reducing balance
Motor vehicles - 25 % reducing balance
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2024: 1 ).
5. Tangible assets
Long leasehold property Office equipment Fixtures, fittings and equipment Total
£ £ £ £
Cost
At 1 April 2024 and 31 March 2025 9,642 16,929 10,837 37,408
_______ _______ _______ _______
Depreciation
At 1 April 2024 - 15,957 10,553 26,510
Charge for the year - 243 71 314
_______ _______ _______ _______
At 31 March 2025 - 16,200 10,624 26,824
_______ _______ _______ _______
Carrying amount
At 31 March 2025 9,642 729 213 10,584
_______ _______ _______ _______
At 31 March 2024 9,642 972 284 10,898
_______ _______ _______ _______
6. Debtors
2025 2024
£ £
Trade debtors 24,428 24,428
_______ _______
7. Creditors: amounts falling due within one year
2025 2024
£ £
Trade creditors 38,436 38,231
Corporation tax 1,479 1,246
Social security and other taxes 716 664
Other creditors 84,713 76,436
_______ _______
125,344 116,577
_______ _______
8. Controlling party
The company is controlled by the directors whose names are shown on the directors report.
9. Directors' advances, credits and guarantees
All movements on directors' advances, credits and guarantees, were as would be expected under normal market conditions, not material in terms of risk or benefits arising and would therefore not influence the users of these accounts when assessing the financial position of the company.