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REGISTERED NUMBER: 14253066 (England and Wales)












Unaudited Financial Statements for the Year Ended 31 December 2023

for

BuyTheSell UK Limited

BuyTheSell UK Limited (Registered number: 14253066)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


BuyTheSell UK Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: R Park
S L Spilfogel
W M O'Hara





REGISTERED OFFICE: 123 Pall Mall
St James's
London
SW1Y 5EA





REGISTERED NUMBER: 14253066 (England and Wales)





ACCOUNTANTS: Hawksford UK Services Limited
123 Pall Mall
St. James's
London
SW1Y 5EA

BuyTheSell UK Limited (Registered number: 14253066)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £   
CURRENT ASSETS
Debtors 4 42,391 20,000
Cash in hand 3,598 -
45,989 20,000
CREDITORS
Amounts falling due within one year 5 15,604 -
NET CURRENT ASSETS 30,385 20,000
TOTAL ASSETS LESS CURRENT
LIABILITIES

30,385

20,000

CAPITAL AND RESERVES
Called up share capital 20,000 20,000
Retained earnings 10,385 -
30,385 20,000

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.

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 13 September 2024 and were signed on its behalf by:





W M O'Hara - Director


BuyTheSell UK Limited (Registered number: 14253066)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

BuyTheSell UK 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.

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 is measured at the fair value of the consideration received or receivable, excluding discounts and rebates.

Taxation
Taxation for the year comprises current 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 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.

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.

Going concern
The company's ability to continue as a going concern is contingent on the ability of the shareholder of the company to continue providing financial support to the company. The shareholder has confirmed that their financial support will continue for at least 12 months from the date of approval of these financial statements. These accounts have therefore been prepared on the going concern basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - NIL ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Amount owed by related parties 42,391 -
Other debtors - 20,000
42,391 20,000

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 4,062 -
Taxation and social security 5,523 -
Other creditors 6,019 -
15,604 -

6. RELATED PARTY DISCLOSURES

During the year the company made sales totalling £269,244 to parent company BuyTheSell LLC. As of 31 December 2023, £42,391 was receivable from BuyTheSell LLC.

BuyTheSell UK Limited (Registered number: 14253066)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

7. ULTIMATE CONTROLLING PARTY

The ultimate controlling parties are Samuel Spilfogel, William O’Hara and Raymond Park.