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REGISTERED NUMBER: 08715717 (England and Wales)














B & B NEWS LIMITED

Unaudited Financial Statements

for the Year Ended 30 June 2024






B & B NEWS LIMITED (REGISTERED NUMBER: 08715717)

Contents of the Financial Statements
for the Year Ended 30 June 2024










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


B & B NEWS LIMITED

Company Information
for the Year Ended 30 June 2024







Directors: Mrs B Patel
Mr N Patel
Mrs B Patel





Registered office: Artisans' House
7 Queensbridge
Northampton
Northamptonshire
NN4 7BF





Registered number: 08715717 (England and Wales)





Accountants: Cobley Desborough
Chartered Certified Accountants
Chartered Tax Advisers
Artisans' House
7 Queensbridge
Northampton
Northamptonshire
NN4 7BF

B & B NEWS LIMITED (REGISTERED NUMBER: 08715717)

Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 522 696
Investments 5 340,000 340,000
340,522 340,696

CURRENT ASSETS
Debtors 6 12,924 12,924
Cash at bank 1,371 1,679
14,295 14,603
CREDITORS
Amounts falling due within one year 7 342,406 340,854
NET CURRENT LIABILITIES (328,111 ) (326,251 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

12,411

14,445

CAPITAL AND RESERVES
Called up share capital 220 220
Other reserves (55,099 ) (55,099 )
Retained earnings 67,290 69,324
SHAREHOLDERS' FUNDS 12,411 14,445

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

B & B NEWS LIMITED (REGISTERED NUMBER: 08715717)

Balance Sheet - continued
30 June 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 November 2024 and were signed on its behalf by:





Mr N Patel - Director


B & B NEWS LIMITED (REGISTERED NUMBER: 08715717)

Notes to the Financial Statements
for the Year Ended 30 June 2024


1. STATUTORY INFORMATION

B & B News 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 as modified by the revaluation of certain assets.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

B & B NEWS LIMITED (REGISTERED NUMBER: 08715717)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024


2. ACCOUNTING POLICIES - continued

Going concern
The current economic conditions present increased risks for all businesses. In response to such conditions, the director has carefully considered these risks, including an assessment of uncertainty on future trading projections for a period of at least twelve months from the date of signing the financial statements, and the extent to which they might affect the preparation of the financial statements on a going concern basis.

Based on this assessment, the director considers that the Company maintains an appropriate level of liquidity, sufficient to meet the demands of the business including any capital and servicing obligations of external liabilities.

In addition, the Company's assets are assessed for recoverability on a regular basis, and the director considers that the Company is not exposed to losses of these assets which would affect their decision to adopt the going concern basis.

The director is therefore satisfied and has a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future and that there are no material uncertainties that lead to significant doubt upon the Company's ability to continue as a going concern. Theses financial statements have therefore been prepared on a going concern basis.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
Cost
At 1 July 2023
and 30 June 2024 2,223
Depreciation
At 1 July 2023 1,527
Charge for year 174
At 30 June 2024 1,701
Net book value
At 30 June 2024 522
At 30 June 2023 696

B & B NEWS LIMITED (REGISTERED NUMBER: 08715717)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024


5. FIXED ASSET INVESTMENTS
Other
investments
£   
Cost or valuation
At 1 July 2023
and 30 June 2024 340,000
Net book value
At 30 June 2024 340,000
At 30 June 2023 340,000

Cost or valuation at 30 June 2024 is represented by:

Other
investments
£   
Valuation in 2020 (68,023 )
Cost 408,023
340,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Deferred tax asset 12,924 12,924

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other loans 99,235 103,200
Directors' current accounts 242,736 237,254
Accrued expenses 435 400
342,406 340,854