Caseware UK (AP4) 2023.0.135 2023.0.135 2023-08-312023-08-310The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false02022-09-01No description of principal activitytruetruefalse 06981022 2022-09-01 2023-08-31 06981022 2021-09-01 2022-08-31 06981022 2023-08-31 06981022 2022-08-31 06981022 c:Director1 2022-09-01 2023-08-31 06981022 d:CurrentFinancialInstruments 2023-08-31 06981022 d:CurrentFinancialInstruments 2022-08-31 06981022 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 06981022 d:CurrentFinancialInstruments d:WithinOneYear 2022-08-31 06981022 d:ShareCapital 2023-08-31 06981022 d:ShareCapital 2022-08-31 06981022 d:RetainedEarningsAccumulatedLosses 2023-08-31 06981022 d:RetainedEarningsAccumulatedLosses 2022-08-31 06981022 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-08-31 06981022 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2022-08-31 06981022 c:FRS102 2022-09-01 2023-08-31 06981022 c:AuditExempt-NoAccountantsReport 2022-09-01 2023-08-31 06981022 c:FullAccounts 2022-09-01 2023-08-31 06981022 c:CompanyLimitedByGuarantee 2022-09-01 2023-08-31 06981022 e:PoundSterling 2022-09-01 2023-08-31 iso4217:GBP xbrli:pure

Registered number: 06981022









BBFA LTD
(A company limited by guarantee)







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2023

 
BBFA LTD
 
(A company limited by guarantee)
REGISTERED NUMBER: 06981022

BALANCE SHEET
AS AT 31 AUGUST 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
157,654
157,688

Cash at bank and in hand
 5 
267
159

  
157,921
157,847

Creditors: amounts falling due within one year
 6 
(1,107,474)
(1,106,504)

Net current liabilities
  
 
 
(949,553)
 
 
(948,657)

Total assets less current liabilities
  
(949,553)
(948,657)

  

Net liabilities
  
(949,553)
(948,657)


Capital and reserves
  

Called up share capital 
  
3,206
3,206

Profit and loss account
  
(952,759)
(951,863)

  
(949,553)
(948,657)


Page 1

 
BBFA LTD
 
(A company limited by guarantee)
REGISTERED NUMBER: 06981022
    
BALANCE SHEET (CONTINUED)
AS AT 31 AUGUST 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 27 August 2024.




................................................
Patrick Campbell Curry
Director

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
BBFA LTD

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

1.


General information

BBFA Limited is a private company limited by guarantee, incorporated in England. The principal activity of the Company throughout the period was that of the development of governance for federated trust for UK industry. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The accounts have been prepared on a going concern basis. This assumes the continued support of the creditors, which they have pledged for the forseeable future.

 
2.3

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.4

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.5

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.6

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.
Page 3

 
BBFA LTD

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

2.Accounting policies (continued)


2.6
Financial instruments (continued)


Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

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

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.


3.


Employees

The Company has no employees other than the directors, who did not receive any remuneration (2022 - 0).


4.


Debtors

2023
2022
£
£


Other debtors
157,654
157,688

157,654
157,688


Page 4

 
BBFA LTD

(A company limited by guarantee)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

5.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
267
159

267
159



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
22,800
22,800

Amounts owed to group undertakings
1,069,020
1,069,020

Other creditors
14,679
13,509

Accruals and deferred income
975
1,175

1,107,474
1,106,504



7.


Financial instruments

2023
2022
£
£

Financial assets


Financial assets measured at fair value through profit or loss
267
159




Financial assets measured at fair value through profit or loss comprise cash at bank and in hand.


8.


Related party transactions

During the year the Clarion Identity Limited,  a company which director Patrick Campbell Curry controls made purchases of £nil on behalf of BBFA Limited (2022 - £63).  At the year end £1,021,920 (2022 - £1,021,920) was owed to Clarion Identity Limited.
Also at the year end £47,100 (2022 - £47,100) was owed to Blackarts Limited, a company in which the director, Gareth Niblett is also a director.

 
Page 5