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Registered number: 12421203














SELLING B2L LIMITED
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 30 JUNE 2024

 
SELLING B2L LIMITED
REGISTERED NUMBER: 12421203

BALANCE SHEET
AS AT 30 JUNE 2024

2024
2023
Note

Fixed assets
  

Investment property
 4 
1,825,000
1,716,600

  
1,825,000
1,716,600

Current assets
  

Debtors: amounts falling due within one year
 5 
13,442
3,600

Cash at bank and in hand
 6 
10,146
5,373

  
23,588
8,973

Creditors: amounts falling due within one year
 7 
(1,043,874)
(1,661,139)

Net current liabilities
  
 
 
(1,020,286)
 
 
(1,652,166)

Total assets less current liabilities
  
804,714
64,434

Creditors: amounts falling due after more than one year
  
(600,000)
-

  

Net assets
  
£204,714
£64,434


Capital and reserves
  

Called up share capital 
  
100
100

Investment property reserve
  
108,400
-

Profit and loss account
  
96,214
64,334

  
£204,714
£64,434


Page 1

 
SELLING B2L LIMITED
REGISTERED NUMBER: 12421203

BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 10 January 2025.




L J Selling
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
SELLING B2L LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

Selling B2L Limited is a private company limited by shares incorporated in England and Wales. The company number is 12421203. The registered office address is Henwood House, Henwood, Ashford Kent TN24 8DH.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 3

 
SELLING B2L LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.6

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees




The average monthly number of employees, including directors, during the year was 2 (2023 -2).

Page 4

 
SELLING B2L LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

4.


Investment property


Freehold investment property



Valuation


At 1 July 2023
1,716,600


Surplus on revaluation
108,400



At 30 June 2024
1,825,000

The 2024 valuations were made by a surveyor, on an open market value for existing use basis.



If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2024
2023


Historic cost
1,716,600
1,716,600

£1,716,600
£1,716,600

Page 5

 
SELLING B2L LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

5.


Debtors

2024
2023


Other debtors
900
900

Prepayments and accrued income
12,542
2,700

£13,442
£3,600



6.


Cash and cash equivalents

2024
2023

Cash at bank and in hand
£10,146
£5,373



7.


Creditors: Amounts falling due within one year

2024
2023

Bank loans
170,000
-

Trade creditors
-
4,307

Amounts owed to group undertakings
859,205
1,642,505

Corporation tax
13,469
13,127

Other creditors
900
900

Accruals and deferred income
300
300

£1,043,874
£1,661,139



8.


Creditors: Amounts falling due after more than one year

2024
2023

Bank loans
600,000
-

£600,000
£-


Page 6

 
SELLING B2L LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

9.


Loans


Analysis of the maturity of loans is given below:


2024
2023

Amounts falling due within one year

Bank loans
170,000
-


170,000
-


Amounts falling due 2-5 years

Bank loans
600,000
-


600,000
-


£770,000
£-


The loans are secured by a fixed charge over the investment properties held within the company.

Page 7

 
SELLING B2L LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

10.

Ultimate parent undertaking and controlling party

At the balance sheet date, the immediate and ultimate parent undertaking is Selling Group Limited, a company incorporated in England and Wales. 
Mrs J Selling is the controlling party of the parent company.
The company is exempt from the requirement of preparing consolidated financial statements as it is a subsidiary undertaking of a small group under section 383 of the Companies Act 2006.
 



11.


Reserves

Investment property revaluation reserve

The revaluation reserve has arisen from the revaluation of the investment properties to market value during the year.


Page 8