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Registration number: 14488872

Bissap Holdings Limited

Unaudited Filleted Financial Statements

for the Period from 16 November 2022 to 30 November 2023

 

Bissap Holdings Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

Bissap Holdings Limited

Company Information

Director

Brandon Deme

Registered office

128 City Road
London
EC1V 2NX

Accountants

Carbon Accountancy Limited
80-83 Long Lane
London
EC1A 9ET

 

Bissap Holdings Limited

(Registration number: 14488872)
Balance Sheet as at 30 November 2023

Note

2023
£

Fixed assets

 

Other financial assets

4

32,438

Current assets

 

Debtors

5

100

Cash at bank and in hand

 

44,141

 

44,241

Creditors: Amounts falling due within one year

6

(1,500)

Net current assets

 

42,741

Net assets

 

75,179

Capital and reserves

 

Called up share capital

7

100

Revaluation reserve

940

Retained earnings

74,139

Shareholders' funds

 

75,179

For the financial period ending 30 November 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 accounts for the period in question in accordance with section 476; and

The director acknowledges 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 in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 4 April 2024
 

.........................................
Brandon Deme
Director

 

Bissap Holdings Limited

Notes to the Unaudited Financial Statements for the Period from 16 November 2022 to 30 November 2023

1

General information

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

The address of its registered office is:
128 City Road
London
EC1V 2NX
England

These financial statements were authorised for issue by the director on 4 April 2024.

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 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

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.

Going concern

The financial statements have been prepared on a going concern basis.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Bissap Holdings Limited

Notes to the Unaudited Financial Statements for the Period from 16 November 2022 to 30 November 2023

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 1.

4

Other financial assets (current and non-current)

Financial assets at cost less impairment
£

Total
£

Non-current financial assets

Cost or valuation

Revaluations

940

940

Additions

31,498

31,498

At 30 November 2023

32,438

32,438

Impairment

Carrying amount

At 30 November 2023

32,438

32,438

 

Bissap Holdings Limited

Notes to the Unaudited Financial Statements for the Period from 16 November 2022 to 30 November 2023

5

Debtors

Current

2023
£

Other debtors

100

 

100

6

Creditors

Creditors: amounts falling due within one year

2023
£

Due within one year

Accruals and deferred income

1,500

7

Share capital

Allotted, called up and fully paid shares

 

2023

 

No.

£

Ordinary shares of £1 each

100

100

     

8

Reserves

The changes to each component of equity resulting from items of other comprehensive income for the current period were as follows:

Revaluation reserve
£

Total
£

Surplus/deficit on revaluation of other assets

940

940

9

Related party transactions

Transactions with the director

2023

At 16 November 2022
£

Advances to director
£

At 30 November 2023
£

Brandon Deme

Amount owed from/(to)

-

100

100