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REGISTERED NUMBER: 10478365 (England and Wales)

Financial Statements for the Year Ended 30 November 2023

for

BSM International Ltd

BSM International Ltd (Registered number: 10478365)

Contents of the Financial Statements

for the Year Ended 30 November 2023

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

BSM International Ltd

Company Information

for the Year Ended 30 November 2023

| DIRECTOR: | B S Montague

| REGISTERED OFFICE: | PO Box 4385

| 10478365 - COMPANIES HOUSE DEFAULT ADDRE

| Cardiff

| CF14 8LH

| REGISTERED NUMBER: | 10478365 (England and Wales)

| ACCOUNTANTS: | Price & Accountants Ltd

| WeWork

| 1 Fore Street Avenue

| London

| EC2Y 9DT

BSM International Ltd (Registered number: 10478365)

Balance Sheet

30 November 2023

| 30.11.23 | 30.11.22 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 3 | 2,087 |  | 5,344 |  |

CURRENT ASSETS

Debtors | 4 | 387,938 |  | 473,129 |  |

Investments | 5 | 325,310 |  | 342,144 |  |

713,248 |  | 815,273 |  |

CREDITORS

Amounts falling due within one year | 6 | 67,980 |  | 64,163 |  |

NET CURRENT ASSETS | 645,268 |  | 751,110 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 647,355 |  | 756,454 |  |

PROVISIONS FOR LIABILITIES | 404 |  | 1,328 |  |

NET ASSETS | 646,951 |  | 755,126 |  |

CAPITAL AND RESERVES

Called up share capital | 201 |  | 201 |  |

Share premium | 900 |  | 900 |  |

Retained earnings | 645,850 |  | 754,025 |  |

646,951 |  | 755,126 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

BSM International Ltd (Registered number: 10478365)

Balance Sheet - continued

30 November 2023

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 December 2025 and were signed by:

B S Montague - Director

BSM International Ltd (Registered number: 10478365)

Notes to the Financial Statements

for the Year Ended 30 November 2023

1. | 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.

| Turnover

| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

| Tangible fixed assets

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

| Office equipment | - | 3 years

| Computer equipment | - | 25% on cost

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

| Deferred tax

| 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.

2. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 1 (2022 - 1 ) .

BSM International Ltd (Registered number: 10478365)

Notes to the Financial Statements - continued

for the Year Ended 30 November 2023

3. | TANGIBLE FIXED ASSETS

| Office |  | Computer |

| equipment |  | equipment |  | Totals

£ | £ | £ |

| COST

| At 1 December 2022

| and 30 November 2023 | 11,433 |  | 11,177 |  | 22,610 |  |

| DEPRECIATION

| At 1 December 2022 | 9,314 |  | 7,952 |  | 17,266 |  |

| Charge for year | 1,040 |  | 1,871 |  | 2,911 |  |

| Eliminated on disposal | 346 |  | - |  | 346 |  |

| At 30 November 2023 | 10,700 |  | 9,823 |  | 20,523 |  |

| NET BOOK VALUE

| At 30 November 2023 | 733 |  | 1,354 |  | 2,087 |  |

| At 30 November 2022 | 2,119 |  | 3,225 |  | 5,344 |  |

4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 30.11.23 |  | 30.11.22

£ | £ |

| Trade debtors | 147,636 |  | 160,820 |  |

| Amounts owed by related undertakings | 239,319 |  | 234,434 |  |

| Other debtors | 983 |  | 77,875 |  |

387,938 |  | 473,129 |  |

5. | CURRENT ASSET INVESTMENTS

| 30.11.23 |  | 30.11.22

£ | £ |

| Unlisted investments | 65,000 |  | 65,000 |  |

| Other | 260,310 |  | 277,144 |  |

325,310 |  | 342,144 |  |

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 30.11.23 |  | 30.11.22

£ | £ |

| Bank loans and overdrafts | 20,712 |  | 11,693 |  |

| Trade creditors | 4,138 |  | 4,013 |  |

| Taxation and social security | 25,463 |  | 25,518 |  |

| Other creditors | 17,667 |  | 22,939 |  |

67,980 |  | 64,163 |  |

7. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

| At the reporting date, there was an outstanding balance on the director's loan account of £397.05. This amount has been repaid in full by the director in the form of dividends after the year end. Interest has been charged on the balance during the period which the account was overdrawn based on HMRC's official interest rate.

BSM International Ltd (Registered number: 10478365)

Notes to the Financial Statements - continued

for the Year Ended 30 November 2023

8. | RELATED PARTY DISCLOSURES

| At the reporting date, the company has loaned £239,319.14 to BSM Prop Limited, a company registered in the United Kingdom (Company registration number: 11610165). Mr. Blake Montague is also a director and sole shareholder in the company. An agreed rate of interest has been charged on the loan amount.