BSS PROPERTIES LIMITED - Filleted accounts

Registered number

11366824

BSS PROPERTIES LIMITED

Filleted Accounts

31 May 2025

BSS PROPERTIES LIMITED
Registered number:		11366824
Balance Sheet
as at 31 May 2025

Notes			2025			2024
£				£
Fixed assets
Intangible assets	3		198			198
Tangible assets	4		20,761			25,951
Investments	5		3,625,000			2,539,124
			3,645,959			2,565,273

Current assets
Debtors	6	41,072			9,050
Cash at bank and in hand		13,458			81,175
		54,530			90,225

Creditors: amounts falling due within one year	7	(679,750)			(600,026)

Net current liabilities			(625,220)			(509,801)

Total assets less current liabilities			3,020,739			2,055,472

Creditors: amounts falling due after more than one year	8		(2,579,516)			(1,799,563)

Provisions for liabilities			(165,369)			(92,291)


Net assets			275,854			163,618

Capital and reserves
Called up share capital			1			1
Revaluation reserve	10		704,991			393,449
Profit and loss account			(429,138)			(229,832)

Shareholder's funds			275,854			163,618

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Bhupinderjit Singh Sidhu
Director
Approved by the board on 6 May 2026

BSS PROPERTIES LIMITED
Notes to the Accounts
for the year ended 31 May 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:



	Plant and machinery	@	20% Reducing Basis


	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.


2	Employees				2025		2024
Number						Number

	Average number of persons employed by the company				1		1


3	Intangible fixed assets						£
	Goodwill:

	Cost
	At 1 June 2024						198
	At 31 May 2025						198

	Amortisation
	At 31 May 2025						-

	Net book value
	At 31 May 2025						198
	At 31 May 2024						198

	Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.


4	Tangible fixed assets
			Plant and machinery etc		Motor vehicles		Total
£				£		£
	Cost
	At 1 June 2024		5,819		34,999		40,818
	At 31 May 2025		5,819		34,999		40,818

	Depreciation
	At 1 June 2024		2,267		12,600		14,867
	Charge for the year		710		4,480		5,190
	At 31 May 2025		2,977		17,080		20,057

	Net book value
	At 31 May 2025		2,842		17,919		20,761
	At 31 May 2024		3,552		22,399		25,951


5	Investments

Properties
investments
£
	Cost
	At 1 June 2024						2,539,124
	Additions						701,256
	Revaluation						384,620

	At 31 May 2025						3,625,000


6	Debtors				2025		2024
£						£

	Trade debtors				-		50
	Other debtors				41,072		9,000
					41,072		9,050


7	Creditors: amounts falling due within one year				2025		2024
£						£

	Bank loans and overdrafts				195,576		153,654
	Trade creditors				4,170		3,402
	Amounts owed to group undertakings and undertakings in which the company has a participating interest				275,000		275,000
	Taxation and social security costs				147		-
	Other creditors				204,857		167,970
					679,750		600,026


8	Creditors: amounts falling due after one year				2025		2024
£						£

	Bank loans				2,504,937		1,799,563
	Obligations under finance lease and hire purchase contracts				22,948		-
	Other creditors				51,631		-
					2,579,516		1,799,563


9	Loans				2025		2024
£						£
	Creditors include:

	Secured bank loans				1,953,217		1,953,217

	[the bank loans covers both fixed and floating charges]


10	Revaluation reserve				2025		2024
£						£

	At 1 June 2024				393,449		393,449
	Gain on revaluation of land and buildings				311,542		-

	At 31 May 2025				704,991		393,449


11	Related party transactions

	Loan borrowed from inter company


12	Controlling party

	The directors' have overall control of the company by virtue of majority shareholding.


13	Other information

	BSS PROPERTIES LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
	10 Liskeard Road,
	Walsall,
	England,
	WS5 3EY