Company Registration No. 07943512 (England and Wales)
BSPS ESTATES LIMITED
Unaudited financial statements
for the period from 29 February 2024 to 28 February 2025
BSPS ESTATES LIMITED
Unaudited financial statements
Contents
BSPS ESTATES LIMITED
Company Information
for the period from 29 February 2024 to 28 February 2025
Directors
James Daniel McMullen
Lauren Marie McMullen
Company Number
07943512 (England and Wales)
Registered Office
27 Margaret Street
London
London
W1W 8RY
England
BSPS ESTATES LIMITED
Statement of financial position
as at 28 February 2025
Investment property
1,605,249
1,605,249
Cash at bank and in hand
731
7,409
Creditors: amounts falling due within one year
(1,395,676)
(1,395,676)
Net current liabilities
(1,228,593)
(1,221,867)
Total assets less current liabilities
376,656
383,382
Creditors: amounts falling due after more than one year
(374,701)
(381,601)
Called up share capital
102
102
Profit and loss account
1,853
1,679
Shareholders' funds
1,955
1,781
For the period ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 31 December 2025 and were signed on its behalf by
James Daniel McMullen
Director
Company Registration No. 07943512
BSPS ESTATES LIMITED
Notes to the Accounts
for the period from 29 February 2024 to 28 February 2025
BSPS ESTATES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 07943512. The registered office is 27 Margaret Street, London, London, W1W 8RY, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Fair value at 29 February 2024
1,605,249
At 28 February 2025
1,605,249
Investment property, which is property held to earn rentals and/or capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently, it is measured at fair value at the reporting end date. Changes in fair value are recognised in the profit and loss account.
Amounts falling due within one year
Deferred tax asset
1,671
1,711
Amounts falling due after more than one year
Other debtors
164,681
164,689
6
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
21,276
21,276
Loans from directors
1,374,400
1,374,400
BSPS ESTATES LIMITED
Notes to the Accounts
for the period from 29 February 2024 to 28 February 2025
7
Creditors: amounts falling due after more than one year
2025
2024
Bank loans
372,724
372,724
Other creditors
1,977
8,877
Allotted, called up and fully paid:
102 Ordinary shares of £1 each
102
102
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Directors Loan Account
(687,200)
-
-
(687,200)
Directors Loan Account
(687,200)
-
-
(687,200)
(1,374,400)
-
-
(1,374,400)
Included in the creditors is an amount due to the directors. The amount is an advance made to the company of GBP 1,374,400 (2024: GBP 1,374,400) by directors of the company. There is no interest due to be paid on any outstanding amount. No fixed date has been set for the amount to be repaid by the company.
10
Average number of employees
During the period the average number of employees was 0 (2024: 0).