CIRCULARITY BC LIMITED

Company Registration Number:
14006072 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2023

Period of accounts

Start date: 01 January 2023

End date: 31 December 2023

CIRCULARITY BC LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2023

Balance sheet
Notes

CIRCULARITY BC LIMITED

Balance sheet

As at 31 December 2023


Notes

2023

9 months to 31 December 2022


£

£
Fixed assets
Investments: 3 19,445,856 15,000,000
Total fixed assets: 19,445,856 15,000,000
Current assets
Creditors: amounts falling due within one year: 4 (60,507) (34,532)
Net current assets (liabilities): (60,507) (34,532)
Total assets less current liabilities: 19,385,349 14,965,468
Total net assets (liabilities): 19,385,349 14,965,468
Capital and reserves
Called up share capital: 15,000,000 15,000,000
Profit and loss account: 4,385,349 (34,532)
Shareholders funds: 19,385,349 14,965,468

The notes form part of these financial statements

CIRCULARITY BC LIMITED

Balance sheet statements

For the year ending 31 December 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 26 March 2024
and signed on behalf of the board by:

Name: David Mowat
Status: Director

The notes form part of these financial statements

CIRCULARITY BC LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

CIRCULARITY BC LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

2. Employees

2023 9 months to 31 December 2022
Average number of employees during the period 0 0

CIRCULARITY BC LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Fixed investments

The Company owns 33.7% of the issued share capital of The Bike Club Limited, a children's bike subscription service company that allows exchange as the child grows. The registered office of The Bike Club Limited is 1 Long Lane, London, England, SE1 4PG.

CIRCULARITY BC LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Creditors: amounts falling due within one year note

Accrued expenses 10800 Amounts due to associated undertakings 49707 Amounts due to associated undertakings are interest free and repayable on demand.

CIRCULARITY BC LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

5. Financial commitments

There are no contingencies or commitments to disclose.

CIRCULARITY BC LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

6. Related party transactions

Name of the related party:
Relationship:
Shareholder
Description of the Transaction: During the year, the shareholder settled operating costs totalling £49,707 on behalf of the Company. As at 31 December 2023, the Company owed £49,707 to the shareholder.
£
Balance at 01 January 2023 8,400
Balance at 31 December 2023 49,707

CIRCULARITY BC LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

7. Post balance sheet events

There were no post balance sheet events that require disclosures in, or adjustment to these Financial Statements.