REGISTERED NUMBER: 07754757 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

FOR

BB TRADE 11 LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

A Ali

REGISTERED OFFICE:

67 Hamilton Street

Cardiff

CF11 9BQ

REGISTERED NUMBER:

07754757 (England and Wales)

ACCOUNTANTS:

Graham Paul Limited

Court House

Court Road

Bridgend

CF31 1BE

FIXED ASSETS

Tangible assets

4

438

414

Investment property

5

380,000

355,000

380,438

355,414

CURRENT ASSETS

Cash at bank

5,102

5,917

CREDITORS

Amounts falling due within one year

6

112,467

112,103

NET CURRENT LIABILITIES

(107,365

)

(106,186

)

TOTAL ASSETS LESS CURRENT LIABILITIES

273,073

249,228

CREDITORS

Amounts falling due after more than one year

7

(72,526

)

(82,933

)

PROVISIONS FOR LIABILITIES

(27,961

)

(23,163

)

NET ASSETS

172,586

143,132

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Fair value reserve

9

148,266

123,266

Retained earnings

23,320

18,866

SHAREHOLDERS' FUNDS

172,586

143,132

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 4 April 2025 and were signed by:

A Ali - Director

1.	STATUTORY INFORMATION

BB Trade 11 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Turnover

Turnover represents the net rents received during the year.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

20% on cost

Computer equipment

-

50% on cost

Investment property

Investment property is included at fair value and any fair value adjustments are recognised in the income statement.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 September 2023

5,224

1,140

6,364

Additions

198

-

198

At 31 August 2024

5,422

1,140

6,562

DEPRECIATION

At 1 September 2023

4,994

956

5,950

Charge for year

82

92

174

At 31 August 2024

5,076

1,048

6,124

NET BOOK VALUE

At 31 August 2024

346

92

438

At 31 August 2023

230

184

414

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 September 2023

355,000

Revaluations

25,000

At 31 August 2024

380,000

NET BOOK VALUE

At 31 August 2024

380,000

At 31 August 2023

355,000

Fair value at 31 August 2024 is represented by:

£

Valuation in 2013

61,394

Valuation in 2014

20,000

Valuation in 2015

(10,000

)

Valuation in 2018

20,000

Valuation in 2019

5,000

Valuation in 2020

15,000

Valuation in 2021

40,000

Valuation in 2022

(5,000

)

Valuation in 2024

25,000

Cost

208,606

380,000

If the investment property had not been revalued it would have been included at the following historical cost:

2024

2023

£

£

Cost

208,606

208,606

The investment property was valued on an open market basis on 31 August 2024 by the director .

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

10,071

10,071

Taxation and social security

2,221

3,774

Other creditors

100,175

98,258

112,467

112,103

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

69,781

79,549

Other creditors

2,745

3,384

72,526

82,933

Amounts falling due in more than five years:

Repayable by instalments

Bank loans due after 5 years

33,637

43,405

8.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Bank loans

79,852

89,620

Bank loans are secured against the investment property held by the company.

9.

RESERVES

Fair

value

reserve

£

At 1 September 2023

123,266

Property revaluation in year

25,000

At 31 August 2024

148,266

10.	RELATED PARTY DISCLOSURES

During the current and previous year, the company received an interest free loan from the director. The amount due to the director at the year end was £98,495 (2023-£96,735).