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Registered number: 06345197
Billionaire Retail (Uk) Limited
Financial Statements
For The Year Ended 31 December 2023
Outsourced ACC Ltd
High Street Centre, 137-139 High Street
Beckenham
Kent
BR3 1AG
Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 06345197
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 12,542 75,549
12,542 75,549
CURRENT ASSETS
Debtors 5 (116,817 ) (116,817 )
Cash at bank and in hand 2,316 2,326
(114,501 ) (114,491 )
Creditors: Amounts Falling Due Within One Year 6 (1,034,623 ) (1,034,737 )
NET CURRENT ASSETS (LIABILITIES) (1,149,124 ) (1,149,228 )
TOTAL ASSETS LESS CURRENT LIABILITIES (1,136,582 ) (1,073,679 )
Creditors: Amounts Falling Due After More Than One Year 7 (97,650 ) (89,807 )
NET LIABILITIES (1,234,232 ) (1,163,486 )
CAPITAL AND RESERVES
Called up share capital 8 2 2
Other reserves 958,903 958,903
Profit and Loss Account (2,193,137 ) (2,122,391 )
SHAREHOLDERS' FUNDS (1,234,232) (1,163,486)
Page 1
Page 2
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.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Ms Elena Guzzardi
Director
22nd March 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Billionaire Retail (Uk) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06345197 . The registered office is High Street Centre, 137-139 High Street, Beckenham, Kent, BR3 1AG.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors have identified material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern, however, the going concern basis remains appropriate.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold 20% Straight line method
Fixtures & Fittings 10 & 20% Straight line method
Computer Equipment 25% Straight line method
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: NIL)
1 -
4. Tangible Assets
Land & Property
Leasehold Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 January 2023 551,309 192,098 16,070 759,477
As at 31 December 2023 551,309 192,098 16,070 759,477
Depreciation
As at 1 January 2023 477,540 190,318 16,070 683,928
Provided during the period 61,472 1,535 - 63,007
As at 31 December 2023 539,012 191,853 16,070 746,935
Net Book Value
As at 31 December 2023 12,297 245 - 12,542
As at 1 January 2023 73,769 1,780 - 75,549
Page 3
Page 4
5. Debtors
2023 2022
£ £
Due within one year
Accruals (116,817 ) (116,817 )
(116,817 ) (116,817 )
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 961,726 961,725
Corporation tax 200 -
Other taxes and social security 8,184 8,184
VAT 64,387 64,702
Other creditors 126 126
1,034,623 1,034,737
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Intercompany PPI AG 270 89,807
Intercompany PP UK 12,544 -
Intercompany BIAG 84,566 -
Intercompany PP Bicester 270 -
97,650 89,807
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 2 2
Page 4