BPS Properties Ltd. - Accounts to registrar (filleted)

REGISTERED NUMBER: 00920408 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 June 2025

for

BPS Properties Ltd.

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P K Branston

Dr R C Branston

REGISTERED OFFICE:

19 Warren Park Way

Enderby

Leicester

LE19 4SA

REGISTERED NUMBER:

00920408 (England and Wales)

ACCOUNTANTS:

Carter & Co

19 Warren Park Way

Enderby

Leicester

LE19 4SA

FIXED ASSETS

Tangible assets

4

4,210,440

4,093,402

CURRENT ASSETS

Debtors

5

1,547,307

1,608,068

Cash at bank

109,745

52,474

1,657,052

1,660,542

CREDITORS

Amounts falling due within one year

6

135,009

123,221

NET CURRENT ASSETS

1,522,043

1,537,321

TOTAL ASSETS LESS CURRENT
LIABILITIES

5,732,483

5,630,723

CREDITORS

Amounts falling due after more than one
year

7

(1,412,254

)

(1,451,650

)

PROVISIONS FOR LIABILITIES

(462,088

)

(56,207

)

NET ASSETS

3,858,141

4,122,866

CAPITAL AND RESERVES

Called up share capital

8

45,502

Fair value reserve

9

2,283,635

2,626,513

Retained earnings

1,529,004

1,450,851

SHAREHOLDERS' FUNDS

3,858,141

4,122,866

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2025 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 December 2025 and were signed on its behalf by:

P K Branston - Director

Dr R C Branston - Director

1.	STATUTORY INFORMATION

BPS Properties Ltd. 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.

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.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

25% on reducing balance

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Employee ownership trust

In accordance with UITF abstract 32 "Employee Benefit Trusts and other intermediate payment arrangements" the company does not include the asset and liabilities of the Trust on its balance sheet to the extent that it will not retain any economic benefit from the assets of the Trust and will not have any control of the rights or other access to those present economic benefits.

Investment properties

Investment properties are shown at their open market value. The surplus of deficit arising from the annual revaluation is transferred to the investment revaluation reserve unless a deficit, or its reversal, on an individual investment property is expected to be permanent, in which case it is recognised in the profit and loss account for the year.

This is in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008) Which, unlike the Companies Act 2006, does not require depreciation of investment properties. Investment properties are held or their investment potential and not for use by the company and so their current value is of prime importance. The departure from the Provisions of the Act is required in order to give a true and fair view.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

COST OR VALUATION

At 1 July 2024

3,925,000

560,330

4,485,330

Additions

-

4,442

Revaluations

155,000

-

155,000

At 30 June 2025

4,080,000

564,772

4,644,772

DEPRECIATION

At 1 July 2024

-

391,928

Charge for year

-

42,404

At 30 June 2025

-

434,332

NET BOOK VALUE

At 30 June 2025

4,080,000

130,440

4,210,440

At 30 June 2024

3,925,000

168,402

4,093,402

The investment properties were valued on an open market basis on 1st September 2025 by Fisher German Chartered Surveyors. In the directors opinion the valuation continues to represent the market value at the balance sheet date.

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:

Plant and

machinery

etc

£

COST

At 1 July 2024

22,915

Transfer to ownership

(22,915

)

At 30 June 2025

-

DEPRECIATION

At 1 July 2024

16,570

Transfer to ownership

(16,570

)

At 30 June 2025

-

NET BOOK VALUE

At 30 June 2025

-

At 30 June 2024

6,345

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.25

30.6.24

£

Trade debtors

54,288

49,836

Other debtors

1,493,019

1,558,232

1,547,307

1,608,068

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.25

30.6.24

£

Bank loans and overdrafts

39,396

Trade creditors

4,052

902

VAT

11,244

9,775

Other creditors

27,149

29,228

Directors' current accounts

14,538

9,029

Accrued expenses

38,630

34,891

135,009

123,221

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

30.6.25

30.6.24

£

Bank loans - 2-5 years

1,412,254

1,451,650

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.25

30.6.24

value:

£

45,502

Ordinary Shares

£1.00

45,502

9.

RESERVES

Fair

value

reserve

£

At 1 July 2024

2,626,513

Transfer to profit and loss

(342,878

)

At 30 June 2025

2,283,635

10.	ULTIMATE CONTROLLING PARTY

The company is under control on the B P S Properties Limited Employee Ownership Trust by virtue of its majority shareholding.

11.	EMPLOYEE OWNERSHIP TRUST

The B P S Properties Limited Employee Ownership Trust allows the employees of the Company, from time to time, share the ownership of the Company.

Subsequently certain shareholders gifted ordinary shares in the company to the Trust in order to create a pool of assets to allow the employees of the Company, from time to time, to share in the ownership of the Company, as follows:

A Branston - 4,501 shares

M I Branston - 7,067 shares

P K Branston - 7,561 shares

R C Branston - 4,078 shares

Under the terms of the trust deed the shareholders of the Company are broadly, excluded beneficiaries of the Trust that the Trustees may not apply the Trust property for their benefit.