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REGISTERED NUMBER: 10574140 (England and Wales)









Unaudited Financial Statements

for the Year Ended 31 January 2023

for

BD DIAMOND LIMITED

BD DIAMOND LIMITED (REGISTERED NUMBER: 10574140)

Contents of the Financial Statements
FOR THE YEAR ENDED 31 JANUARY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


BD DIAMOND LIMITED

Company Information
FOR THE YEAR ENDED 31 JANUARY 2023







DIRECTOR: N J Barnett





REGISTERED OFFICE: 1 Portland View
Dean Street
Bristol
BS2 8FE





REGISTERED NUMBER: 10574140 (England and Wales)





ACCOUNTANTS: Haines Watts
Chartered Accountants
6-8 Bath Street
Bristol
BS1 6HL

BD DIAMOND LIMITED (REGISTERED NUMBER: 10574140)

Balance Sheet
31 JANUARY 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Debtors 3 5,801 5,801
Cash at bank 385 43
6,186 5,844
CREDITORS
Amounts falling due within one year 4 (213,649 ) (210,364 )
NET CURRENT LIABILITIES (207,463 ) (204,520 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(207,463

)

(204,520

)

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (207,464 ) (204,521 )
SHAREHOLDERS' FUNDS (207,463 ) (204,520 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Profit and Loss Account has not been delivered.

The financial statements were approved and authorised for issue by the director and authorised for issue on 25 October 2023 and were signed by:





N J Barnett - Director


BD DIAMOND LIMITED (REGISTERED NUMBER: 10574140)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 JANUARY 2023


1. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006.

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

The financial statements have been prepared on the historical cost convention. The principal accounting policies adopted are set out below.

Going concern
The financial statements have been prepared on a going concern basis. At the year end the company had net current liabilities of £207,463 (2022 - £204,520). The financial statements are prepared on the grounds that current and future sources of support will be received from the related parties. The Directors have concluded that they can continue to adopt the going concern basis in preparing the annual report and accounts.

Cash and cash equivalents
Cash and cash equivalents 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 current liabilities.

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments. Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets, which include trade and other debtors, amounts due from related parties and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost. Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Basic financial liabilities, including trade and other creditors and amounts due to related parties are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Financial liabilities are derecognised when, and only when, the company's contractual obligations are discharged, cancelled, or they expire.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

BD DIAMOND LIMITED (REGISTERED NUMBER: 10574140)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 JANUARY 2023


3. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by related parties 5,801 5,801

4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 6,393 4,429
Amounts owed to related parties 204,405 203,405
Accrued expenses 2,851 2,530
213,649 210,364

5. RELATED PARTY DISCLOSURES

At the balance sheet date the company is owed £5,801 (2022: £5,801) by related parties and owes £204,405 (2022: £203,405) to such related parties. These interest free loans are unsecured and repayable on demand.