Registration number: 11017774

BSN (SW) Property Limited

Contents

Balance Sheet	1
Notes to the Unaudited Financial Statements	2 to 7

BSN (SW) Property Limited

(Registration number: 11017774)
Balance Sheet as at 31 January 2026

	Note	2026 £	2025 £
Fixed assets
Investment property	3	207,030	207,030
Current assets
Debtors	4	119,570	70,297
Creditors: Amounts falling due within one year	5	(420,308)	(399,863)
Net current liabilities		(300,738)	(329,566)
Net liabilities		(93,708)	(122,536)
Capital and reserves
Called up share capital		100	100
Retained earnings		(93,808)	(122,636)
Shareholders' deficit		(93,708)	(122,536)

For the financial year ending 31 January 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 12 October 2026 and signed on its behalf by:
 

Mr W A Lang Director

BSN (SW) Property Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
10 Mulberry Court
Lustleigh Close
Matford Business Park
Exeter
Devon
EX2 8PW

These financial statements were authorised for issue by the Board on 12 October 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

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

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling, which is the functional and presentational currency of the company, and rounded to the nearest £.

Going concern

At the balance sheet date, the company had net current liabilities of £300,738 (2025 - £329,566). The company is supported by its associated group members, the directors, and members of the directors' family. Therefore, it is considered that there are no going concern issues to be reported at the balance sheet date.

BSN (SW) Property Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

Key sources of estimation uncertainty

In the application of the company's accounting policies the director(s) are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised, if the revision affects only that period, or in the period of revision and future periods if the revision affects both current and future periods.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of
sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. 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.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

BSN (SW) Property Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

3	Investment properties

	2026 £
At 1 February	207,030
At 31 January	207,030

The directors consider that the closing value of investment property fairly represents it's fair value.

There has been no valuation of investment property by an independent valuer.

BSN (SW) Property Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

4

Debtors

	Note	2026 £	2025 £
Trade debtors		5,099	5,125
Amounts owed by related parties	7	49,911	49,879
Other debtors		8,005	15,293
Accrued income		40,000	-
Income tax asset		16,555	-
		119,570	70,297

5

Creditors

Due within one year	Note	2026 £	2025 £
Loans and borrowings	6	197,253	210,585
Amounts due to related parties	7	216,297	160,608
Social security and other taxes		2,563	675
Accruals and deferred income		4,195	8,545
Corporation tax liability		-	19,450
		420,308	399,863