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Company registration number: 06735808
BBAY TRADING LIMITED
Unaudited filleted financial statements
31 December 2023
BBAY TRADING LIMITED
Contents
Directors and other information
Accountant's report
Statement of financial position
Notes to the financial statements
BBAY TRADING LIMITED
Directors and other information
Director Mr V Anishchenko
Company number 06735808
Registered office Dept 4567
196 High Road Wood Green
London
N22 8HH
Business address Dept 4567,
196 High Road Wood Green
London
N22 8HH
Accountant MAN Consultancy Ltd
Vicarage House
58-60 Kensington Church Street
London
W8 4DB
BBAY TRADING LIMITED
Report to the director on the preparation of the
unaudited statutory financial statements of BBAY TRADING LIMITED
Year ended 31 December 2023
In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the financial statements of BBAY TRADING LIMITED for the year ended 31 December 2023 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given me.
As a practising member of the Association of Chartered Certified Accountants , I am subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/ professional-standards/ rules-standards/acca-rulebook.html.
My work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global /Technical/fact/technical-factsheet-163.pdf.
MAN Consultancy Ltd
Chartered Certified Accountants
Vicarage House
58-60 Kensington Church Street
London
W8 4DB
5 April 2024
BBAY TRADING LIMITED
Statement of financial position
31 December 2023
2023 2022
Note £ £ £ £
Current assets
Investments 4 1 1
Cash at bank and in hand 446,418 448,323
_______ _______
446,419 448,324
Creditors: amounts falling due
within one year 5 ( 13,639) ( 13,639)
_______ _______
Net current assets 432,780 434,685
_______ _______
Total assets less current liabilities 432,780 434,685
_______ _______
Net assets 432,780 434,685
_______ _______
Capital and reserves
Called up share capital 100 100
Profit and loss account 432,680 434,585
_______ _______
Shareholders funds 432,780 434,685
_______ _______
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 05 April 2024 , and are signed on behalf of the board by:
Mr V Anishchenko
Director
Company registration number: 06735808
BBAY TRADING LIMITED
Notes to the financial statements
Year ended 31 December 2023
1. General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is Dept 4567, 196 High Road Wood Green, London, N22 8HH.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
4. Investments
2023 2022
£ £
Investments in group undertakings 1 1
_______ _______
5. Creditors: amounts falling due within one year
2023 2022
£ £
Amounts owed to group undertakings and undertakings in which the company has a participating interest 11,989 11,989
Other creditors 1,650 1,650
_______ _______
13,639 13,639
_______ _______
6. Related party transactions
The company has taken advantage of the exemption available under FRS 102 section 33 whereby it has not disclosed transactions or balances with entities within the group headed by the ultimate parent undertaking Bbay Holding Limited.
7. Controlling party
The director considers Bbay Holding Limited, a company incorporated in the Isle of Man, to be the immediate and ultimate parent company by virtue of its 100% shareholding in the company. The smallest and largest group in which the results of Bbay Trading Limited are included is that headed by Bbay Holding Limited. As at the year end, the ultimate controllong party was Maydale Trust Company Limited by virtue of its capacity as trustee of Bbay Trust, which holds 100% of the share capital of Bbay Holding Limited.