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BB Holdings (UK) Limited

Annual Report and Unaudited Financial Statements
Year Ended 31 January 2023

Registration number: 07010037

 

BB Holdings (UK) Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 5

 

BB Holdings (UK) Limited

Balance Sheet

31 January 2023

Note

2023
£

2022
£

Fixed assets

 

Investments

4

200,000

200,000

Current assets

 

Debtors

5

309,787

314,270

Net assets

 

509,787

514,270

Capital and reserves

 

Called up share capital

6

3,043

3,043

Share premium reserve

506,135

506,135

Capital redemption reserve

429

429

Profit and loss account

180

4,663

Shareholders' funds

 

509,787

514,270

For the financial year ending 31 January 2023 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 special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 19 October 2023 and signed on its behalf by:
 

.........................................
Mr J Taylor
Director

   
     

Company Registration Number: 07010037

 

BB Holdings (UK) Limited

Notes to the Unaudited Financial Statements

Year Ended 31 January 2023

1

General information

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

The address of its registered office and principal place of business is:
Prince Albert House
Quimperie Way
Liskeard Business Park
Liskeard
Cornwall
PL14 3US

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 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', including section 1A, and the Companies Act 2006.

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.

Summary of disclosure exemptions

The company is part of a small group. The company has taken advantage of the exemption provided by Section 398 of the Companies Act 2006 and has not prepared group accounts.

Investments

Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment. Dividends on equity securities are recognised in income when receivable.

 

BB Holdings (UK) Limited

Notes to the Unaudited Financial Statements

Year Ended 31 January 2023

Financial instruments

Classification
The company holds the following financial instruments:

• Short term trade and other debtors and creditors;
• Long term connected company loans.

All financial instruments are classified as basic.

 Recognition and measurement
The company has chosen to apply the recognition and measurement principles in FRS102.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.

Except for long term connected company loans, such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.

Long term connected company loans are initially measured at transaction price, including transaction costs, and are subsequently carried at amortised cost using the effective interest method.


 

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2022 - 0).

4

Investments

2023
£

2022
£

Investments in subsidiaries

200,000

200,000

Subsidiaries

£

Cost or valuation

At 1 February 2022

2,520,000

Provision

At 1 February 2022

2,320,000

Carrying amount

At 31 January 2023

200,000

At 31 January 2022

200,000

 

BB Holdings (UK) Limited

Notes to the Unaudited Financial Statements

Year Ended 31 January 2023

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

     

2023

2022

Subsidiary undertakings

Blue Banana Retail Limited

Prince Albert House, Liskeard Business Park, Liskeard, Cornwall, PL14 3US

England

Ordinary

100%

100%

Blue Banana Projects Limited

Prince Albert House, Liskeard Business Park, Liskeard, Cornwall, PL14 3US

England

Ordinary

100%

100%

Black Banana Internet (Holdings) Limited

Prince Albert House, Liskeard Business Park, Liskeard, Cornwall, PL14 3US

England

Ordinary

100%

100%

The principal activity of Blue Banana Retail Limited is the sale of clothing, jewellery and novelty goods.

The principal activity of Blue Banana Projects Limited is that of a dormant company.

The principal activity of Black Banana Internet (Holdings) Limited is that of a holding company.

5

Debtors

2023
 £

2022
 £

Amounts due from group undertakings

290,518

295,000

Other debtors

19,269

19,270

309,787

314,270

Details of non-current trade and other debtors

£2,142 (2022 - £46,768) of amounts due from group undertakings is classified as non current.

 

BB Holdings (UK) Limited

Notes to the Unaudited Financial Statements

Year Ended 31 January 2023

6

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary shares of £1 each

3,039

3,039

3,039

3,039

Ordinary A shares of £1 each

4

4

4

4

 

3,043

3,043

3,043

3,043

7

Related party transactions

The company has taken advantage of the exemption provided by FRS 102 to not disclose transactions entered in to between two or more memebers of a group, provided that any subsidiary which is a party to the transaction is wholly owned by such a member.

Transactions with directors

2023

At 1 February 2022
£

Advances to directors
£

Repayments by director
£

At 31 January 2023
£

Director 1

Director's current account

-

47,282

(47,282)

-

         
       

 

2022

At 1 February 2021
£

Advances to directors
£

Repayments by director
£

At 31 January 2022
£

Director 1

Director's current account

84,020

37,368

(121,388)

-

         
       

Director 2

Director's current account

36,750

18,200

(54,950)

-