Silverfin false false 31/03/2024 01/04/2023 31/03/2024 S Birkenhead 21/02/2014 24 August 2024 The principal activity of the Company during the financial year is management consultancy. 08906847 2024-03-31 08906847 bus:Director1 2024-03-31 08906847 core:CurrentFinancialInstruments 2024-03-31 08906847 core:CurrentFinancialInstruments 2023-03-31 08906847 2023-03-31 08906847 core:ShareCapital 2024-03-31 08906847 core:ShareCapital 2023-03-31 08906847 core:RetainedEarningsAccumulatedLosses 2024-03-31 08906847 core:RetainedEarningsAccumulatedLosses 2023-03-31 08906847 2023-04-01 2024-03-31 08906847 bus:FilletedAccounts 2023-04-01 2024-03-31 08906847 bus:SmallEntities 2023-04-01 2024-03-31 08906847 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 08906847 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 08906847 bus:Director1 2023-04-01 2024-03-31 08906847 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure

Company No: 08906847 (England and Wales)

SBB VENTURES LIMITED

Unaudited Financial Statements
For the financial year ended 31 March 2024
Pages for filing with the registrar

SBB VENTURES LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2024

Contents

SBB VENTURES LIMITED

BALANCE SHEET

As at 31 March 2024
SBB VENTURES LIMITED

BALANCE SHEET (continued)

As at 31 March 2024
2024 2023
£ £
Current assets
Debtors 3 8,520 4,720
Cash at bank and in hand 7 8
8,527 4,728
Creditors: amounts falling due within one year 4 ( 16,872) ( 14,533)
Net current liabilities (8,345) (9,805)
Total assets less current liabilities (8,345) (9,805)
Net liabilities ( 8,345) ( 9,805)
Capital and reserves
Called-up share capital 100 100
Profit and loss account ( 8,445 ) ( 9,905 )
Total shareholders' deficit ( 8,345) ( 9,805)

For the financial year ending 31 March 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of SBB Ventures Limited (registered number: 08906847) were approved and authorised for issue by the Director on 24 August 2024. They were signed on its behalf by:

S Birkenhead
Director
SBB VENTURES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
SBB VENTURES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

SBB Ventures Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Pound Ridge, Stockton Avenue, Fleet, GU51 4NH, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is stated net of trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.
Revenue from services is recognised as they are delivered.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

3. Debtors

2024 2023
£ £
Trade debtors 8,520 4,720

4. Creditors: amounts falling due within one year

2024 2023
£ £
Amounts owed to director 16,409 14,183
Accruals 463 350
16,872 14,533