Silverfin false false 31/12/2024 01/01/2024 31/12/2024 Mr T J Tobin-Webster 26/08/2020 20 March 2026 The principal activity of the company during the year was letting of property. 12838899 2024-12-31 12838899 bus:Director1 2024-12-31 12838899 2023-12-31 12838899 core:CurrentFinancialInstruments 2024-12-31 12838899 core:CurrentFinancialInstruments 2023-12-31 12838899 core:Non-currentFinancialInstruments 2024-12-31 12838899 core:Non-currentFinancialInstruments 2023-12-31 12838899 core:ShareCapital 2024-12-31 12838899 core:ShareCapital 2023-12-31 12838899 core:FurtherSpecificReserve1ComponentTotalEquity 2024-12-31 12838899 core:FurtherSpecificReserve1ComponentTotalEquity 2023-12-31 12838899 core:RetainedEarningsAccumulatedLosses 2024-12-31 12838899 core:RetainedEarningsAccumulatedLosses 2023-12-31 12838899 core:FurnitureFittings 2023-12-31 12838899 core:FurnitureFittings 2024-12-31 12838899 2024-01-01 2024-12-31 12838899 bus:FilletedAccounts 2024-01-01 2024-12-31 12838899 bus:SmallEntities 2024-01-01 2024-12-31 12838899 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 12838899 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 12838899 bus:Director1 2024-01-01 2024-12-31 12838899 core:FurnitureFittings 2024-01-01 2024-12-31 12838899 2023-01-01 2023-12-31 12838899 core:Non-currentFinancialInstruments 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure

Company No: 12838899 (England and Wales)

# BSC ESTATES LTD

### Unaudited Financial Statements
For the financial year ended 31 December 2024
Pages for filing with the registrar

BSC ESTATES LTD

## Unaudited Financial Statements

For the financial year ended 31 December 2024

Contents

BSC ESTATES LTD

## BALANCE SHEET

As at 31 December 2024
BSC ESTATES LTD

## BALANCE SHEET (continued)

As at 31 December 2024

| Note | 2024 |  | 2023
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 3 | 703 |  | 827
Investment property | 4 | 450,000 |  | 450,000
|  | 450,703 |  | 450,827
Current assets |  |  |  |
Cash at bank and in hand |  | 150 |  | 1,865
|  | 150 |  | 1,865
Creditors: amounts falling due within one year | 5 | ( 144,713) |  | ( 130,005)
Net current liabilities |  | (144,563) |  | (128,140)
Total assets less current liabilities |  | 306,140 |  | 322,687
Creditors: amounts falling due after more than one year | 6 | ( 206,304) |  | ( 206,304)
Provision for liabilities |  | ( 28,855) |  | ( 28,722)
Net assets |  | 70,981 |  | 87,661
Capital and reserves |  |  |  |
Called-up share capital |  | 100 |  | 100
Fair value reserve |  | 129,051 |  | 129,050
Profit and loss account |  | ( 58,170 ) |  | ( 41,489 )
Total shareholder's funds |  | 70,981 |  | 87,661

For the financial year ending 31 December 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of BSC Estates Ltd (registered number: 12838899) were approved and authorised for issue by the Director on 20 March 2026. They were signed on its behalf by:

Mr T J Tobin-Webster Director |

BSC ESTATES LTD

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
BSC ESTATES LTD

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

BSC Estates Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Leanne House, 6 Avon Close, Weymouth, DT4 9UX, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Turnover

Turnover is recognised at the fair value of the consideration received or receivable for rental income provided in the normal course of business, and is shown net of VAT and other sales related taxes.
Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

##### Taxation

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date that are expected to apply when the timing differences reverse. Deferred tax assets and liabilities are not discounted.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit. Deferred tax liabilities are presented within provisions for liabilities on the balance sheet.

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Fixtures and fittings | 15 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

##### Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

##### Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

##### Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

##### Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.
The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).
When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

#### 2. Employees

| 2024 |  | 2023
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including the director | 1 |  | 1

The company is run and administered by the director of the company for whom no contract of service is in place.

#### 3. Tangible assets

| Fixtures and fittings |  | Total
| £ |  | £
Cost |  |  |
At 01 January 2024 | 1,216 |  | 1,216
At 31 December 2024 | 1,216 |  | 1,216
Accumulated depreciation |  |  |
At 01 January 2024 | 389 |  | 389
Charge for the financial year | 124 |  | 124
At 31 December 2024 | 513 |  | 513
Net book value |  |  |
At 31 December 2024 | 703 |  | 703
At 31 December 2023 | 827 |  | 827

#### 4. Investment property

| Investment property
| £
Valuation |
As at 01 January 2024 | 450,000
As at 31 December 2024 | 450,000

The investment properties class of fixed assets have been valued by the director who is internal to the company. The
basis of this valuation was open market value.

Historic cost

If the investment properties had been accounted for under the cost accounting rules, the properties would have been measured as follows:

| 2024 |  | 2023
| £ |  | £
Historic cost | 292,228 |  | 292,228

#### 5. Creditors: amounts falling due within one year

| 2024 |  | 2023
| £ |  | £
Amounts owed to director | 55,119 |  | 39,568
Accruals | 1,594 |  | 2,437
Other creditors | 88,000 |  | 88,000
| 144,713 |  | 130,005

The loan from the director is interest-free and repayable on demand.
Included within other creditors is a loan from a connected party to the director, which is interest-free and repayable on demand.

#### 6. Creditors: amounts falling due after more than one year

| 2024 |  | 2023
| £ |  | £
Bank loans (secured) | 206,304 |  | 206,304

The loan is secured against the company's property