Silverfin false false 30/11/2024 01/12/2023 30/11/2024 N Gale 05/11/2015 N Myers 05/11/2015 20 February 2025 The principal activity of Piggy Bvnk Ltd is the provision of music artist management. 09858734 2024-11-30 09858734 bus:Director1 2024-11-30 09858734 bus:Director2 2024-11-30 09858734 core:CurrentFinancialInstruments 2024-11-30 09858734 core:CurrentFinancialInstruments 2023-11-30 09858734 2023-11-30 09858734 core:ShareCapital 2024-11-30 09858734 core:ShareCapital 2023-11-30 09858734 core:RetainedEarningsAccumulatedLosses 2024-11-30 09858734 core:RetainedEarningsAccumulatedLosses 2023-11-30 09858734 2023-12-01 2024-11-30 09858734 bus:FilletedAccounts 2023-12-01 2024-11-30 09858734 bus:SmallEntities 2023-12-01 2024-11-30 09858734 bus:AuditExemptWithAccountantsReport 2023-12-01 2024-11-30 09858734 bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 09858734 bus:Director1 2023-12-01 2024-11-30 09858734 bus:Director2 2023-12-01 2024-11-30 09858734 2022-12-01 2023-11-30 iso4217:GBP xbrli:pure

Company No: 09858734 (England and Wales)

PIGGY BVNK LTD

Unaudited Financial Statements
For the financial year ended 30 November 2024
Pages for filing with the registrar

PIGGY BVNK LTD

Unaudited Financial Statements

For the financial year ended 30 November 2024

Contents

PIGGY BVNK LTD

STATEMENT OF FINANCIAL POSITION

As at 30 November 2024
PIGGY BVNK LTD

STATEMENT OF FINANCIAL POSITION (continued)

As at 30 November 2024
Note 2024 2023
£ £
Current assets
Debtors 3 963 0
Cash at bank and in hand 4 7,079 20,008
8,042 20,008
Creditors: amounts falling due within one year 5 ( 7,773) ( 13,731)
Net current assets 269 6,277
Total assets less current liabilities 269 6,277
Net assets 269 6,277
Capital and reserves
Called-up share capital 2 2
Profit and loss account 267 6,275
Total shareholders' funds 269 6,277

For the financial year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Piggy Bvnk Ltd (registered number: 09858734) were approved and authorised for issue by the Board of Directors. They were signed on its behalf by:

N Myers
Director

20 February 2025

PIGGY BVNK LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 November 2024
PIGGY BVNK LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 November 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

Piggy Bvnk 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 11b Clifton Gardens, London, NW11 7ER, 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 £.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Statement of Financial Position date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Statement of Income and Retained Earnings in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

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 Statement of Financial Position date.

Financial instruments

The Company only enters into basic financial instruments and transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to and from related parties and investments in non-puttable ordinary shares.

Financial assets
Basic financial assets, including trade and other debtors, and amounts due from related companies, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in the Statement of Income and Retained Earnings/Statement of Comprehensive Income.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

Financial liabilities
Basic financial liabilities, including trade and other creditors and accruals, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

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
£ £
Corporation tax 963 0

4. Cash and cash equivalents

2024 2023
£ £
Cash at bank and in hand 7,079 20,008

5. Creditors: amounts falling due within one year

2024 2023
£ £
Taxation and social security 124 1,933
Other creditors 7,649 11,798
7,773 13,731