REGISTERED NUMBER: 10478365 (England and Wales)

Financial Statements for the Year Ended 30 November 2023

for

BSM International Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

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

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.

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

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 ) .

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.

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.