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REGISTERED NUMBER: 02327287 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

THE BIC SEED CAPITAL FUND LIMITED

THE BIC SEED CAPITAL FUND LIMITED (REGISTERED NUMBER: 02327287)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 3

Notes to the Financial Statements 5


THE BIC SEED CAPITAL FUND LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Ms S Howard (alternate director)
Dr M G Cohen
Mr R C Thompson
Mr S J Young
Mr M B Walsh
Ms K Moseshvili
Ms K Mcardle
Mr D Harper
Mr M O'Neill
Dr T A Webb
Ms C Makinson
Mr R Franklin





SECRETARY: Barnsley Metropolotan Borough Council





REGISTERED OFFICE: BBIC Limited
Innovation Way
Wilthorpe Road
Barnsley
South Yorkshire
S75 1JL





REGISTERED NUMBER: 02327287 (England and Wales)






THE BIC SEED CAPITAL FUND LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







ACCOUNTANTS: Gibson Booth Limited
12 Victoria Road
Barnsley
South Yorkshire
S70 2BB

THE BIC SEED CAPITAL FUND LIMITED (REGISTERED NUMBER: 02327287)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £   
CURRENT ASSETS
Debtors 4 1,000 1,000
TOTAL ASSETS LESS CURRENT LIABILITIES 1,000 1,000

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
SHAREHOLDERS' FUNDS 1,000 1,000

THE BIC SEED CAPITAL FUND LIMITED (REGISTERED NUMBER: 02327287)

BALANCE SHEET - continued
31 MARCH 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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 12 September 2024 and were signed on its behalf by:





Dr M G Cohen - Director


THE BIC SEED CAPITAL FUND LIMITED (REGISTERED NUMBER: 02327287)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

The BIC Seed Capital Fund 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.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest pound.

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.

Significant judgements and estimates
No judgements have been made in the process of applying the below accounting policies that have had the most significant effect on amounts recognised in the financial statements.

There are no key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date that have a significant risk of causing material adjustment to the carrying amount of assets and liabilities within the next financial year.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Amounts owed by group undertakings 1,000 1,000

5. RELATED PARTY DISCLOSURES

Amounts owed by group undertakings relates to a loan to Barnsley Business and Innovation Centre Limited, the ultimate parent company of the BIC Seed Capital Fund Limited.

THE BIC SEED CAPITAL FUND LIMITED (REGISTERED NUMBER: 02327287)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

6. ULTIMATE PARENT COMPANY

The company's ultimate parent company is Barnsley Business and Innovation Centre Limited, a company registered in England and Wales.