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REGISTERED NUMBER: 09733055 (England and Wales)












Financial Statements

for the Year Ended 30 June 2023

for

Babylonstoren (UK) Limited

Babylonstoren (UK) Limited (Registered number: 09733055)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Babylonstoren (UK) Limited

Company Information
for the Year Ended 30 June 2023







DIRECTORS: C H Coetzee
S C Seager



REGISTERED OFFICE: Estate Office
The Newt In Somerset
Bruton
Somerset
BA7 7NG



REGISTERED NUMBER: 09733055 (England and Wales)



SENIOR STATUTORY AUDITOR: Andrew Fisher BA FCA



AUDITORS: The Alanbrookes Group Ltd
Accountants and Statutory Auditors
24, Glove Factory Studios
Holt
Wiltshire
BA14 6RL

Babylonstoren (UK) Limited (Registered number: 09733055)

Statement of Financial Position
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Property, plant and equipment 5 21,674 46,909
21,674 46,909

CURRENT ASSETS
Inventories 298,050 335,297
Debtors 6 260,409 303,260
Cash at bank and in hand 123,515 37,651
681,974 676,208
CREDITORS
Amounts falling due within one year 7 4,309,080 3,875,374
NET CURRENT LIABILITIES (3,627,106 ) (3,199,166 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(3,605,432

)

(3,152,257

)

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings (3,605,433 ) (3,152,258 )
SHAREHOLDERS' FUNDS (3,605,432 ) (3,152,257 )

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 25 October 2023 and were signed on its behalf by:





S C Seager - Director


Babylonstoren (UK) Limited (Registered number: 09733055)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Babylonstoren (UK) 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.

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.

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

Trade marks
Trade marks are being amortised over 5 years on a straight line basis.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost, 25% on cost and 10% on cost

Stocks
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Babylonstoren (UK) Limited (Registered number: 09733055)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Trade
marks
£   
COST
At 1 July 2022
and 30 June 2023 2,162
AMORTISATION
At 1 July 2022
and 30 June 2023 2,162
NET BOOK VALUE
At 30 June 2023 -
At 30 June 2022 -

5. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 July 2022 69,826
Disposals (22,154 )
At 30 June 2023 47,672
DEPRECIATION
At 1 July 2022 22,917
Charge for year 14,700
Eliminated on disposal (11,619 )
At 30 June 2023 25,998
NET BOOK VALUE
At 30 June 2023 21,674
At 30 June 2022 46,909

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors 177,509 246,406
Other debtors 82,900 56,854
260,409 303,260

Babylonstoren (UK) Limited (Registered number: 09733055)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade creditors 238,337 234,095
Amounts owed to group undertakings 4,036,462 3,611,962
Taxation and social security 3,083 4,205
Other creditors 31,198 25,112
4,309,080 3,875,374

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.23 30.6.22
value: £    £   
1 Ordinary £1 1 1

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Andrew Fisher BA FCA (Senior Statutory Auditor)
for and on behalf of The Alanbrookes Group Ltd

10. PARENT COMPANY

The company is a wholly owned subsidiary of Babylonstoren (Pty) Ltd a company registered in South Africa. Registered office Babylonstoren Farm, Klapmuts-Simondium Road, Paarl, South Africa 7670.

11. GOING CONCERN

The directors are of the opinion that the company is a going concern due to the continued support of its holding company. Therefore the accounts have been prepared on a going concern basis.