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REGISTERED NUMBER: 09849824 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

B INTERNATIONAL LIMITED

B INTERNATIONAL LIMITED (REGISTERED NUMBER: 09849824)

Contents of the Financial Statements
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


B INTERNATIONAL LIMITED

Company Information
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: A Belluzzo
U Belluzzo
L Belluzzo





REGISTERED OFFICE: 38 Craven Street
London
WC2N 5NG





REGISTERED NUMBER: 09849824 (England and Wales)





ACCOUNTANTS: B&P Tax Legal Finance LLP
38 Craven Street
London
WC2N 5NG

B INTERNATIONAL LIMITED (REGISTERED NUMBER: 09849824)

Balance Sheet
31 DECEMBER 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 1,005 1,994
Investments 5 221,493 215,088
222,498 217,082

CURRENT ASSETS
Debtors 6 371,108 199,809
Cash at bank 54,346 29,415
425,454 229,224
CREDITORS
Amounts falling due within one year 7 (580,292 ) (430,500 )
NET CURRENT LIABILITIES (154,838 ) (201,276 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

67,660

15,806

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 67,560 15,706
SHAREHOLDERS' FUNDS 67,660 15,806

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

B INTERNATIONAL LIMITED (REGISTERED NUMBER: 09849824)

Balance Sheet - continued
31 DECEMBER 2023


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 September 2024 and were signed on its behalf by:





A Belluzzo - Director


B INTERNATIONAL LIMITED (REGISTERED NUMBER: 09849824)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

B International Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents amounts receivable for services provided for support staff and overheads, net of VAT.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery: 25% on cost on a straight line basis

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

B INTERNATIONAL LIMITED (REGISTERED NUMBER: 09849824)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


2. ACCOUNTING POLICIES - continued

Financial instruments
Financial assets

The company's financial assets comprise basic financial instruments, being trade and other receivables, amounts owed by group undertakings, and cash and bank balances.

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of no more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months or less from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Trade, other receivable and amounts owed by group undertakings are measured at transaction price less any impairment. Any impairment loss is recognised in the Profit and Loss.

Financial assets are derecognised when contractual rights to the cash flows from the financial asset expires or are settled, or when substantially all the risks and rewards of ownership have been transferred.

Financial liabilities

The company's financial liabilities comprise of basic financial liabilities, including trade and other payables, corporation tax. These are initially recognised at transaction price.

Trade payables 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 payment is due within one year or less. If not, they are presented as non-current liabilities.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023
and 31 December 2023 19,352
DEPRECIATION
At 1 January 2023 17,358
Charge for year 989
At 31 December 2023 18,347
NET BOOK VALUE
At 31 December 2023 1,005
At 31 December 2022 1,994

B INTERNATIONAL LIMITED (REGISTERED NUMBER: 09849824)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2023 215,088
Additions 6,405
At 31 December 2023 221,493
NET BOOK VALUE
At 31 December 2023 221,493
At 31 December 2022 215,088

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 9,214
Other debtors 371,108 190,595
371,108 199,809

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 229,262 150,575
Taxation and social security 44,983 33,638
Other creditors 306,047 246,287
580,292 430,500

8. RELATED PARTY DISCLOSURES

At the end of the year, the amount receivable from B&P Tax legal LLP is £18,517 (2022: Payable £73,885). B International Limited is a member of B&P Tax Legal Finance LLP

At year end the company had the following balances with the company related through the participators.

Receivables

Trust & Wealth £2,040 (2022: £240)

Belluzzo and Partners Italia £6,728 (2022 : Nil)

Belluzzo International Partners £63,782.26 (2022: Nil)
Studio Legale Tributario

Belluzzo STP £7,584 (2022: Nil)


The company also had a payable of £89,148 (2022 :73,326) to its participators.

B INTERNATIONAL LIMITED (REGISTERED NUMBER: 09849824)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


9. ULTIMATE CONTROLLING PARTY

The directors do not consider there to be an ultimate controlling party.