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BANKERS WITHOUT BOUNDARIES

Registered Number
11418661
(England and Wales)

Unaudited Financial Statements for the Year ended
30 June 2024

BANKERS WITHOUT BOUNDARIES
Company Information
for the year from 1 July 2023 to 30 June 2024

Directors

FORBES, Angus
MADLANI, Rupesh

Registered Address

119 Marylebone Road
London
NW1 5PU

Registered Number

11418661 (England and Wales)
BANKERS WITHOUT BOUNDARIES
Balance Sheet as at
30 June 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Investments3106,86290,771
106,86290,771
Current assets
Debtors240,597376,139
Cash at bank and on hand526,737614,254
767,334990,393
Creditors amounts falling due within one year4(24,252)(228,837)
Net current assets (liabilities)743,082761,556
Total assets less current liabilities849,944852,327
Creditors amounts falling due after one year5(9,167)(19,167)
Provisions for liabilities6-(900)
Net assets840,777832,260
Capital and reserves
Profit and loss account840,777832,260
Reserves840,777832,260
The financial statements were approved and authorised for issue by the Board of Directors on 25 March 2025, and are signed on its behalf by:
MADLANI, Rupesh
Director
Registered Company No. 11418661
BANKERS WITHOUT BOUNDARIES
Notes to the Financial Statements
for the year ended 30 June 2024

1.Accounting policies
Statutory information
The company is a private company limited by guarantee and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Related parties
For the purposes of these financial statements, a related party could be a person or an entity. Careful consideration is given to the definition of a related party to ensure that all related party relationships, transactions and balances are identified.
2.Average number of employees

20242023
Average number of employees during the year06
3.Fixed asset investments

Investments in groups1

Other investments2

Total

£££
Cost or valuation
At 01 July 2390,771-90,771
Additions-16,09216,092
At 30 June 2490,77116,092106,863
Impairment
Other adjustments-11
At 30 June 24-11
Net book value
At 30 June 2490,77116,091106,862
At 30 June 2390,771-90,771

Notes

1Investments in group undertakings and participating interests
2Other investments other than loans
4.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables11,9673,360
Bank borrowings and overdrafts10,00010,000
Taxation and social security2,285192,693
Other creditors-21,438
Accrued liabilities and deferred income-1,346
Total24,252228,837
5.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts9,16719,167
Total9,16719,167
6.Provisions for liabilities

2024

2023

££
Other provisions-900
Total-900
7.Related party transactions
Total investment in Global Sustainable Capital Management (UK) Limited, wholly owned by Bankers without Boundaries, was £90,770.60. A total of £24,500 operational support costs were paid to United Property Investments Limited, where Rupesh Madlani is a common owner. A loan of £75,000 was made to Bankers without Boundaries, Ireland, where Rupesh Madlani is a common owner. Repayments totaled £279,183.85 and the outstanding balance as of 30th June 2024 is £43,515.32 The outstanding balance of a loan to Bankers without Boundaries, Singapore, where Rupesh Madlani is a common owner, as of 30th June 2024 is £15,934.24.