Company registration number 11790447 (England and Wales)
BUDDI SERIES 1 LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
PAGES FOR FILING WITH REGISTRAR
BUDDI SERIES 1 LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2
BUDDI SERIES 1 LIMITED
BALANCE SHEET
AS AT
30 APRIL 2024
30 April 2024
- 1 -
2024
2023
Notes
£
£
£
£
Current assets
Debtors
3,925
-
0
Cash at bank and in hand
1,097
725
5,022
725
Creditors: amounts falling due within one year
(199)
(44,479)
Net current assets/(liabilities)
4,823
(43,754)
Capital and reserves
Called up share capital
10
10
Profit and loss reserves
4,813
(43,764)
Total equity
4,823
(43,754)

For the financial year ended 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These 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, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 6 June 2025
Mr P Laikin
Director
Company registration number 11790447 (England and Wales)
BUDDI SERIES 1 LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
- 2 -
1
Accounting policies
Company information

Buddi Series 1 Limited is a private company limited by shares incorporated in England and Wales. The registered office is C/O Hilton Consulting, Canalot Studios, Studio 133, 222 Kensal Road, London, United Kingdom, W10 5BN.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

1.2
Turnover

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

 

When cash inflows are deferred and represent a financing arrangement, the promised consideration is adjusted for the effects of the time value of money, which is recognised as interest income.

1.3
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
1
1
2024-04-302023-05-01falsefalsefalseCCH SoftwareCCH Accounts Production 2025.100No description of principal activityMr Paul Laikin117904472023-05-012024-04-30117904472024-04-30117904472023-04-3011790447core:ShareCapital2024-04-3011790447core:ShareCapital2023-04-3011790447core:RetainedEarningsAccumulatedLosses2024-04-3011790447core:RetainedEarningsAccumulatedLosses2023-04-3011790447bus:Director12023-05-012024-04-30117904472022-05-012023-04-3011790447bus:PrivateLimitedCompanyLtd2023-05-012024-04-3011790447bus:SmallCompaniesRegimeForAccounts2023-05-012024-04-3011790447bus:FRS1022023-05-012024-04-3011790447bus:AuditExempt-NoAccountantsReport2023-05-012024-04-3011790447bus:FullAccounts2023-05-012024-04-30xbrli:purexbrli:sharesiso4217:GBP