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REGISTERED NUMBER: 10560001 (England and Wales)















Financial Statements for the Year Ended 30 June 2024

for

Bahia Blanca Management Limited

Bahia Blanca Management Limited (Registered number: 10560001)

Contents of the Financial Statements
for the Year Ended 30 June 2024










Page

Balance Sheet 1

Notes to the Financial Statements 2


Bahia Blanca Management Limited (Registered number: 10560001)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £ £
Current assets
Debtors 6 211,113 321,650
Cash at bank 85,945 88,727
297,058 410,377
Creditors
Amounts falling due within one year 7 (2,266,567 ) (2,282,129 )
Net current liabilities (1,969,509 ) (1,871,752 )
Total assets less current liabilities (1,969,509 ) (1,871,752 )

Capital and reserves
Called up share capital 1,000 1,000
Retained earnings 8 (1,970,509 ) (1,872,752 )
(1,969,509 ) (1,871,752 )

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 June 2025 and were signed by:





Mr I Barrau Puy - Director


Bahia Blanca Management Limited (Registered number: 10560001)

Notes to the Financial Statements
for the Year Ended 30 June 2024


1. Statutory information

Bahia Blanca Management Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 10560001

Registered office: 22 - 26 King Street
King's Lynn
Norfolk
PE30 1HJ

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


2. Statement of compliance

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.

3. Accounting policies

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Preparation of consolidated financial statements
The financial statements contain information about Bahia Blanca Management Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Critical accounting judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost less any provision for impairment.

Bahia Blanca Management Limited (Registered number: 10560001)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024


3. Accounting policies - continued

Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised. Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

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


Bahia Blanca Management Limited (Registered number: 10560001)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024


3. Accounting policies - continued
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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Going concern
As at 30 June 2024, the company's liabilities exceeded its assets and the balance sheet at that date showed net liabilities of £1,969,509 (2023: £1,871,752). Following the transfer of the company's trade to another group company in the year ended 30 June 2022, Bahia Blanca Management Limited is dependent upon the continuing financial support of the group and the financial statements have accordingly been prepared on the going concern basis.

4. Employees and directors

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

5. Fixed asset investments
Shares in
group
undertakings
£
Cost
At 1 July 2023
and 30 June 2024 30,000
Provisions
At 1 July 2023
and 30 June 2024 30,000
Net book value
At 30 June 2024 -
At 30 June 2023 -

Bahia Blanca Management Limited (Registered number: 10560001)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024


6. Debtors: amounts falling due within one year
30.6.24 30.6.23
£ £
Amounts owed by group undertakings 185,284 188,939
Other debtors 25,829 132,711
211,113 321,650

7. Creditors: amounts falling due within one year
30.6.24 30.6.23
£ £
Amounts owed to group undertakings 1,376,017 1,371,324
Other creditors 890,550 910,805
2,266,567 2,282,129

8. Reserves
Retained
earnings
£

At 1 July 2023 (1,872,752 )
Deficit for the year (97,757 )
At 30 June 2024 (1,970,509 )

Profit and loss account - This reserve records distributable retained earnings and accumulated losses.

9. Disclosure under Section 444(5B) of the Companies Act 2006

The Report of the Auditors was unqualified.

Martyn Benstead FCCA (Senior Statutory Auditor)
for and on behalf of Stephenson Smart (East Anglia) Limited

10. Ultimate controlling party

The immediate parent company of Bahia Blanca Management is Perblau 2000 SL., a company incorporated in Spain. This company is part of a group controlled by Nakar Inversiones Hoteleras SL, which is the ultimate parent company of Bahia Blanca Management Limited. Nakar Inversiones Hoteleras SL is also incorporated in Spain (c/Calabria, 129, entresuelo, 08015, Barcelona).