Registered number
04454855
BALLPLANET LIMITED
Filleted Accounts
30 June 2024
BALLPLANET LIMITED
Registered number: 04454855
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,107,416 1,107,416
Investments 4 591,001 591,001
1,698,417 1,698,417
Current assets
Debtors 5 3,000 -
Cash at bank and in hand 47,258 106,807
50,258 106,807
Creditors: amounts falling due within one year 6 (68,433) (125,341)
Net current liabilities (18,175) (18,534)
Total assets less current liabilities 1,680,242 1,679,883
Creditors: amounts falling due after more than one year 7 (1,099,153) (1,101,535)
Net assets 581,089 578,348
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account 580,089 577,348
Shareholder's funds 581,089 578,348
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Gajraj Singh Rathore
Director
Approved by the board on 25 March 2025
BALLPLANET LIMITED
Notes to the Accounts
for the year ended 30 June 2024
1 Accounting policies
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).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. 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.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company - 1
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 July 2023 1,107,416
At 30 June 2024 1,107,416
Depreciation
At 30 June 2024 -
Net book value
At 30 June 2024 1,107,416
At 30 June 2023 1,107,416
4 Investments
Other
investments
£
Cost
At 1 July 2023 591,001
At 30 June 2024 591,001
5 Debtors 2024 2023
£ £
Other debtors 3,000 -
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts - 20,505
Trade creditors 26,826 16,000
Corporation tax 2,720 14,091
Other creditors 38,887 74,745
68,433 125,341
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 1,099,153 1,101,535
8 Other information
BALLPLANET LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
48 Moray Avenue
Hayes
England
UB3 2AX
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