Registered number
10755593
PBBC Limited
(a company limited by guarantee)
(established and operating as the Pakistan Britain Business Council)
Filleted Accounts
30 June 2023
PBBC Limited
Registered number: 10755593
(trading as the Pakistan Britain Business Council)
Balance Sheet
as at 30 June 2023
Notes 2023 2022
£ £
Current assets
Debtors 4 154 654
Cash at bank and in hand 424 5,809
578 6,463
Creditors: amounts falling due within one year 5 (24,308) (25,712)
Net current liabilities (23,730) (19,249)
Net liabilities (23,730) (19,249)
Capital and reserves
Profit and loss account (23,730) (19,249)
Shareholders' funds (23,730) (19,249)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
J M Hamilton Barns
Director
Approved by the board on 19 March 2024
PBBC Limited
(trading as the Pakistan Britain Business Council)
Notes to the Accounts
for the year ended 30 June 2023
1 Accounting policies
Basis of preparation
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 consists mainly of membership fees receivable and other services provided. These are measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Information concerning the company
On 5 May 2017 the Company acquired the business and undertaking of the Pakistan Britain Business Council (formerly the Pakistan Britain Trade & Investment Forum) which had been established by the Pakistan and British Governments in 2002 to promote bilateral trade and investment between the two countries.

3 Employees 2023 2022
Number Number
Average number of persons employed by the company - -
4 Debtors 2023 2022
£ £
Other debtors 154 654
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 976 3,795
Other creditors 23,332 21,917
24,308 25,712
6 Other information
PBBC Limited is a private company limited by guarantee and incorporated in England. Its registered office is:
Tudor Court
Vaendre Close, Castleton
Cardiff
CF3 2UZ
The company has no share capital and the liability of each member in the event of winding-up is limited to £1.
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