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Registered number: 11464767
Buzz Capital Finance Limited
Unaudited Financial Statements
For The Year Ended 30 June 2024
J S & Co LLP
Contents
Page
Accountants' Report 1
Balance Sheet 2
Notes to the Financial Statements 3
Page 1
Accountants' Report
Report to the directors on the preparation of the unaudited statutory accounts of Buzz Capital Finance Limited for the year ended 30 June 2024
To assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Buzz Capital Finance Limited which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made to the directors of Buzz Capital Finance Limited , as a body, in accordance with the terms of our engagement letter dated . Our work has been undertaken solely to prepare for your approval the accounts of Buzz Capital Finance Limited and state those matters that we have agreed to state to the directors of Buzz Capital Finance Limited , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Buzz Capital Finance Limited and its directors as a body for our work or for this report.
It is your duty to ensure that Buzz Capital Finance Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Buzz Capital Finance Limited . You consider that Buzz Capital Finance Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Buzz Capital Finance Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
16/10/2024
J S & Co LLP
3rd Floor Hanover House
118 Queens Road
Brighton
East Sussex
BN1 3XG
Page 1
Page 2
Balance Sheet
Registered number: 11464767
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 609,858 541,585
Cash at bank and in hand 528,657 742,389
1,138,515 1,283,974
Creditors: Amounts Falling Due Within One Year 5 (1,111,372 ) (1,280,143 )
NET CURRENT ASSETS (LIABILITIES) 27,143 3,831
TOTAL ASSETS LESS CURRENT LIABILITIES 27,143 3,831
NET ASSETS 27,143 3,831
CAPITAL AND RESERVES
Called up share capital 6 1 1
Profit and Loss Account 27,142 3,830
SHAREHOLDERS' FUNDS 27,143 3,831
For the year ending 30 June 2024 the company was entitled to exemption from audit 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.
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 page 3 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Buzz Capital Finance Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11464767 . 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 consideration received or receivable, excluding discounts and rebates.
2.3. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Debtors
2024 2023
£ £
Due within one year
Other debtors 609,858 541,585
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Amounts owed to group undertakings (70,076 ) 16,200
Other creditors 1,181,448 1,263,943
1,111,372 1,280,143
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
7. Related Party Transactions
At the balance sheet date an amount of £70,373 was owed to (2023: £16,200 owed by) the company, by Buzz Capital Services Limited, the parent company of Buzz capital Finance Limited.
An amount of £297 (2023: £nil) was owed by the company to Buzz Capital Property Finance Limited, a fellow subsidiary of Buzz Capital Services Limited.
8. Controlling Party
The company is a wholly owned subsidiary of Buzz Capital Services Limited. The ultimate controlling party is D M Rogers.
9. GROUP LOSS RELIEF
The company made a claim to group loss relief from Buzz Capital Services Limited.
Page 3