General Information
BSDR 20111 Limited is a private company, limited by shares, registered in England and Wales, registration number 07736183, registration address 2 Barton Lane, Abingdon Science Park, Abingdon, Oxfordshire, OX14 3NB.
The presentation currency is £ sterling.
1. |
Accounting policies
Significant accounting policies
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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. 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 as sales net of 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.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Current and deferred tax assets and liabilities are not discounted
Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Fixtures and Fittings |
3 Years Straight Line
|
Investment properties
Investment properties are properties held to earn rentals and/or for capital appreciation.
Investment properties should be recognised initially at cost and subsequently investment properties are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.
|
2. |
Average number of employees
Average number of employees during the year was 0 (2020 : 0).
|
3. |
Tangible fixed assets
Cost or valuation |
Fixtures and Fittings |
|
Investment properties |
|
Total |
|
£ |
|
£ |
|
£ |
At 01 December 2020 |
2,373 |
|
867,660 |
|
870,033 |
Additions |
- |
|
- |
|
- |
Disposals |
- |
|
- |
|
- |
At 30 November 2021 |
2,373 |
|
867,660 |
|
870,033 |
Depreciation |
At 01 December 2020 |
1,582 |
|
- |
|
1,582 |
Charge for year |
791 |
|
- |
|
791 |
On disposals |
- |
|
- |
|
- |
At 30 November 2021 |
2,373 |
|
- |
|
2,373 |
Net book values |
Closing balance as at 30 November 2021 |
- |
|
867,660 |
|
867,660 |
Opening balance as at 01 December 2020 |
791 |
|
867,660 |
|
868,451 |
|
4. |
Investments
Cost |
Investments in group undertakings |
|
Total |
|
£ |
|
£ |
At 01 December 2020 |
800,000 |
|
800,000 |
Additions |
- |
|
- |
Transfer to/from Tangible fixed assets |
0 |
|
0 |
Disposals |
- |
|
- |
At 30 November 2021 |
800,000 |
|
800,000 |
|
5. |
Debtors: amounts falling due within one year
|
2021 £ |
|
2020 £ |
Prepayments & Accrued Income |
13,253 |
|
1,326 |
Other Debtors |
1,687,149 |
|
978,166 |
VAT |
0 |
|
76 |
|
1,700,402 |
|
979,568 |
|
6. |
Creditors: amount falling due within one year
|
2021 £ |
|
2020 £ |
Corporation Tax |
63,509 |
|
65,143 |
Accrued Expenses |
3,571 |
|
5,495 |
Shareholder Loans |
49,968 |
|
95,398 |
Directors' Current Accounts |
385,789 |
|
355,154 |
|
502,837 |
|
521,190 |
|
7. |
Share Capital
Allotted, called up and fully paid
|
2021 £ |
|
2020 £ |
10,000
Class A shares of £1.00 each |
10,000 |
|
10,000 |
|
10,000 |
|
10,000 |
|
8. |
Summary of transactions with wholly owned subsidiary
The company has taken advantage of the exemption available per paragraph 33.1A of FRS 102 whereby it has not disclosed transactions with the ultimate parent company or any wholly owned subsidiary of the group.
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2
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