REGISTERED NUMBER: 04411222 (England and Wales)

Unaudited Financial Statements

for the Year Ended 23 November 2025

for

Busmar Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P J McCloy

Mrs J M McCloy

SECRETARY:

Mrs J M McCloy

REGISTERED OFFICE:

4 The Shambles

Bradford-on-Avon

Wiltshire

BA15 1JS

REGISTERED NUMBER:

04411222 (England and Wales)

FIXED ASSETS

Investment property

4

688,990

1,403,100

CURRENT ASSETS

Debtors

5

224,519

794,316

Cash at bank

1,341,727

175,578

1,566,246

969,894

CREDITORS

Amounts falling due within one year

6

13,983

68,859

NET CURRENT ASSETS

1,552,263

901,035

TOTAL ASSETS LESS CURRENT LIABILITIES

2,241,253

2,304,135

CREDITORS

Amounts falling due after more than one year

7

-

(65,150

)

PROVISIONS FOR LIABILITIES

(23,871

)

(32,157

)

ACCRUALS AND DEFERRED INCOME

(4,021

)

(4,000

)

NET ASSETS

2,213,361

2,202,828

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

9

2,212,361

2,201,828

SHAREHOLDERS' FUNDS

2,213,361

2,202,828

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 23 November 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 23 November 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 21 August 2026 and were signed on its behalf by:

Mrs J M McCloy - Director

P J McCloy - Director

1.	STATUTORY INFORMATION

Busmar Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

The principal accounting policies adopted in the preparation of the financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for customer returns, rebates or other similar allowances and is net of value added taxes. Turnover includes revenue earned from the rendering of services.

Revenue from the sale of services is recognised when all of the following conditions are satisfied:

- the company has transferred to the buyer the significant risks and rewards of ownership of the services;

- the company retains neither continuing managerial involvement to the degree associated with ownership nor effective control over the services sold;

- the amount of revenue can be measured reliably;

- it is probable that the economic benefits associated with the transaction can be measured reliably.

Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the balance sheet date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the balance sheet date. Where payments are received from customers in advance of services provided the amounts are recorded as deferred income and included as part of creditors due within one year.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 24 November 2024

1,403,100

Disposals

(714,110

)

At 23 November 2025

688,990

NET BOOK VALUE

At 23 November 2025

688,990

At 23 November 2024

1,403,100

Fair value at 23 November 2025 is represented by:

£

Valuation in 2024

293,514

Cost

499,540

793,054

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

224,519

224,519

Directors' current accounts

-

569,797

224,519

794,316

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Tax

13,962

68,859

Directors' current accounts

21

-

13,983

68,859

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans more 5 yrs non-inst

-

65,150

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

-

65,150

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Mortgages

-

65,150

Mortgages are secured against the properties to which they relate

9.

RESERVES

Distributable

Non-distributable

Total

£

£

£

At 24 November 2023

1,709,496

519,634

2,229,130

Dividends

(21,902

)

-

(21,902

)

Deferred tax movement

(70,661

)

70,661

-

Transfer of valuation on disposal

328,938

(328,938

)

-

Total comprehensive income

(5,400

)

-

(5,400

)

At 23 November 2024

1,940,471

261,357

2,201,828

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 23 November 2025 and 23 November 2024:

2025

2024

£

£

Mrs J M McCloy

Balance outstanding at start of year

287,994

-

Amounts advanced

-

287,994

Amounts repaid

(287,994

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

287,994

P J McCloy

Balance outstanding at start of year

281,803

(30,203

)

Amounts advanced

50,432

329,408

Amounts repaid

(332,256

)

(17,402

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(21

)

281,803

11.	RELATED PARTY DISCLOSURES

McCloy (LS) Limited

A company in which the directors are shareholders.

During the year, rent of £9,000 (2023 - £0) has been received from the company.

McCloy Partnership

A partnership in which the directors are partners.

During the year, rent of £0 (2023 - £9,000) has been received from the partnership.

12.	ULTIMATE CONTROLLING PARTY