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Company No: 09951904 (England and Wales)

BFOS 2016 LTD

Unaudited Financial Statements
For the financial year ended 31 January 2024
Pages for filing with the registrar

BFOS 2016 LTD

Unaudited Financial Statements

For the financial year ended 31 January 2024

Contents

BFOS 2016 LTD

BALANCE SHEET

As at 31 January 2024
BFOS 2016 LTD

BALANCE SHEET (continued)

As at 31 January 2024
Note 2024 2023
£ £
Current assets
Debtors 3 500,446 500,002
Investments 4 165,716 1,823,633
Cash at bank and in hand 594,311 281,779
1,260,473 2,605,414
Creditors: amounts falling due within one year 5 ( 684,455) ( 2,133,430)
Net current assets 576,018 471,984
Total assets less current liabilities 576,018 471,984
Net assets 576,018 471,984
Capital and reserves
Called-up share capital 204 204
Fair value reserve 0 ( 88,401 )
Profit and loss account 575,814 560,181
Total shareholders' funds 576,018 471,984

For the financial year ending 31 January 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of BFOS 2016 Ltd (registered number: 09951904) were approved and authorised for issue by the Board of Directors on 09 October 2024. They were signed on its behalf by:

Andrew Simon Clarfield
Director
BFOS 2016 LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 January 2024
BFOS 2016 LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 January 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

BFOS 2016 Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Treviot House, High Road, Ilford, IG1 1LR, England, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Debtors

2024 2023
£ £
Other debtors 500,446 500,002

4. Current asset investments

2024 2023
£ £
Listed investments – at fair value 1,823,633 2,458,728
Additions 150,000 949
Disposals ( 1,836,051) ( 497,700)
Revaluations 88,401 ( 150,895)
Dividend received 3,795 12,551
Interest received 22,783 0
Fees ( 5,345) 0
Gain/loss on asset ( 81,500) 0
165,716 1,823,633

The fair value of listed investments, which are all traded in active markets, was determined with reference to the quoted market price at the reporting date.

5. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 354 0
Other creditors 684,101 2,133,430
684,455 2,133,430