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REGISTERED NUMBER: 05965968 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2024

for

Baobao Ltd

Baobao Ltd (Registered number: 05965968)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Baobao Ltd

Company Information
for the Year Ended 31 August 2024







DIRECTORS: Tajinderpal S Obhrai
Deepinder Singh Obhrai





REGISTERED OFFICE: 173 Cleveland Street
London
W1T 6QR





REGISTERED NUMBER: 05965968 (England and Wales)





ACCOUNTANTS: Shah Dodhia & Co
173 Cleveland Street
London
W1T 6QR

Baobao Ltd (Registered number: 05965968)

Balance Sheet
31 August 2024

2024 2023
Notes £ £ £
FIXED ASSETS
Investments 5 3,404,505 2,312,052

CURRENT ASSETS
Debtors 6 2,969,146 2,730,854
Cash at bank 370,295 10,423
3,339,441 2,741,277
CREDITORS
Amounts falling due within one year 7 5,971,291 5,344,095
NET CURRENT LIABILITIES (2,631,850 ) (2,602,818 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

772,655

(290,766

)

CAPITAL AND RESERVES
Called up share capital 1 1
Revaluation reserve 8 1,047,177 -
Equity contribution reserve 265,793 265,793
Retained earnings (540,316 ) (556,560 )
772,655 (290,766 )

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 directors acknowledge their 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 Board of Directors and authorised for issue on 27 May 2025 and were signed on its behalf by:





Tajinderpal S Obhrai - Director


Baobao Ltd (Registered number: 05965968)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Baobao Ltd 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.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Consolidation
In the opinion of the directors, the company and its subsidiary undertakings comprise a small group. The company has therefore taken advantage of the exemption provided by Section 398 of the Companies Act 2006 not to prepare group accounts.

Investments in subsidiaries
Investments in subsidiary company by the parent company are stated at the net asset values of the subsidiary companies, which is considered to be their fair values, unless the net asset value is negative, in which case the investment's carrying value is considered to be nil. Differences between the net asset value and historical cost are recognised in other comprehensive income (OCI), with net revaluation gains recognised in OCI and net revaluation losses in profit and loss to the extent that these are not reversals of previous revaluation gain.

Financial instruments
Borrowings classified as basic financial instruments
Borrowings are recognised initially at the present value of future payments discounted at a market rate of interest. Subsequent to initial recognition, borrowings are stated at amortised cost using the effective interest method, less any impairment losses.

Going concern
The directors have no reason to believe that a material uncertainty exists that may cast their significant doubt about the ability of the company to continue as a going concern. On the basis of assessment of the company's financial position, the directors have a reasonable expectation that the company will be able to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the annual financial statements.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Baobao Ltd (Registered number: 05965968)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£
COST OR VALUATION
At 1 September 2023 2,312,052
Revaluations 1,092,453
At 31 August 2024 3,404,505
NET BOOK VALUE
At 31 August 2024 3,404,505
At 31 August 2023 2,312,052

Cost or valuation at 31 August 2024 is represented by:

Shares in
group
undertakings
£
Valuation in 2024 1,092,453
Cost 2,312,052
3,404,505

The company owns 100% of the issued share capital of Cool Inn Ltd, a company incorporated in England.

6. DEBTORS
2024 2023
£ £
Amounts falling due within one year:
Other debtors 9,677 10,618

Amounts falling due after more than one year:
Amounts owed by group undertakings 2,959,469 2,720,236

Aggregate amounts 2,969,146 2,730,854

Amounts owed by group undertakings bear interest at 8.79% per annum (2023: 7.36% per annum).

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Bank loans and overdrafts 2,203,077 2,913,853
Amounts owed to group undertakings 2,948,855 152,484
Amounts owed to related undertakings 777,512 2,225,783
Other creditors 41,847 51,975
5,971,291 5,344,095

Baobao Ltd (Registered number: 05965968)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR - continued

The bank loan is secured by first legal charges over freehold properties owned by certain group undertakings and unlimited cross guarantees from certain group undertakings.The company has renewed the loan with the same lender until December 2025..

8. RESERVES
Revaluation
reserve
£
No description 1,047,177

At 31 August 2024 1,047,177

9. RELATED PARTY DISCLOSURES

As the company is a wholly owned subsidiary of Sycamore Limited, a company registered in Isle of Man, the company has taken advantage of the exemption contained in FRS 102.33 and has therefore not disclosed transactions on balances with entities which form part of the group headed by Sycamore Ltd.

10. ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of Sycamore Ltd, a company incorporated in Isle of Man.