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Registered number: 11136782
Buzz Capital Services Limited
Financial Statements
For The Year Ended 30 June 2024
J S & Co LLP
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 11136782
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investments 4 53,341 11,260
53,341 11,260
CURRENT ASSETS
Debtors 5 129,925 51,104
Cash at bank and in hand 59,595 88,421
189,520 139,525
Creditors: Amounts Falling Due Within One Year 6 (187,476 ) (66,433 )
NET CURRENT ASSETS (LIABILITIES) 2,044 73,092
TOTAL ASSETS LESS CURRENT LIABILITIES 55,385 84,352
NET ASSETS 55,385 84,352
CAPITAL AND RESERVES
Called up share capital 7 93 100
Capital redemption reserve 7 -
Fair Value Reserve 9 53,337 11,255
Profit and Loss Account 1,948 72,997
SHAREHOLDERS' FUNDS 55,385 84,352
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
Mr Marcus Searancke
Director
09/10/2024
The notes on pages 2 to 4 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Buzz Capital Services Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11136782 . The registered office is 3rd Floor Hanover House, 118 Queens Road, Brighton, East Sussex, BN1 3XG.
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. Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
2.3. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the average rate of exchange for the accounting period. Exchange differences are taken into account in arriving at the operating profit.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: NIL)
3 -
4. Investments
Subsidiaries
£
Cost
As at 1 July 2023 11,260
Disposals (1 )
Revaluations 42,082
As at 30 June 2024 53,341
Provision
As at 1 July 2023 -
As at 30 June 2024 -
Net Book Value
As at 30 June 2024 53,341
As at 1 July 2023 11,260
Investments in subsidiary undertakings are recognised at fair value. Movements in fair value are recognised in profit and loss during the year in which they occur.
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 8,437 -
Amounts owed by group undertakings 104,485 -
Other debtors 17,003 51,104
129,925 51,104
Page 2
Page 3
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 7,339 6,249
Amounts owed to group undertakings 70,373 (61,200 )
Amounts owed to participating interests 63,574 80,244
Other creditors 44,005 41,140
Taxation and social security 2,185 -
187,476 66,433
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 93 100
8. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to/(from) directors:
As at 1 July 2023 Amounts advanced Amounts repaid Amounts written off As at 30 June 2024
£ £ £ £ £
Mr Jason Garrett (40 ) - - - (40 )
Mr David Peck - 210 - - 210
The above loans are unsecured, interest free and repayable on demand.
9. Reserves
Fair Value Reserve
£
As at 1 July 2023 11,255
Movements in fair value reserve 42,082
As at 30 June 2024 53,337
10. Related Party Transactions
At the balance sheet date an amount of £70,373 was owed by (2023: £16,200 owed to) the company, to Buzz Capital Finance Limited, a subsidiary company of Buzz Capital Services Limited.
At the balance sheet date an amount of £104,485 (2023: £45,000) remained owing to the comany by Buzz Capital Property Finance Limited,  a subsidiary company of Buzz Capital Services Limited.
At the balance sheet date an amount of £63,572 (2023: £79,897) was owed by the company to Buzz Capital Limited, the former parent company.
11. FRC's Ethical Standard - Provision Available for Small Entities
In common with other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.
12. GROUP LOSS RELIEF
The company surrendered losses to subsidiary companies Buzz Capital Finance Limited and Buzz Capital Property Finance Limited.
Page 3
Page 4
13. Audit Information
The auditors report on the account of Buzz Capital Services Limited for the year ended 30 June 2024 was unqualified
The auditor's report was signed by Stephen James Moore (Senior Statutory Auditor) for and on behalf of Watson Associates (Audit Services) Ltd , Statutory Auditor
Page 4