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REGISTERED NUMBER: 03500358 (England and Wales)















Financial Statements for the Year Ended 30 June 2024

for

Bahia Blanca Leisure Limited

Bahia Blanca Leisure Limited (Registered number: 03500358)

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










Page

Balance Sheet 1

Notes to the Financial Statements 2


Bahia Blanca Leisure Limited (Registered number: 03500358)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £ £
Current assets
Cash at bank 50,693 42,458

Creditors
Amounts falling due within one year 5 (44,677 ) (45,037 )
Net current assets/(liabilities) 6,016 (2,579 )
Total assets less current liabilities 6,016 (2,579 )

Capital and reserves
Called up share capital 200 200
Retained earnings 6 5,816 (2,779 )
6,016 (2,579 )

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 Leisure Limited (Registered number: 03500358)

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


1. Statutory information

Bahia Blanca Leisure 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: 03500358

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 Leisure 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.

Bahia Blanca Leisure Limited (Registered number: 03500358)

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 Leisure Limited (Registered number: 03500358)

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
Notwithstanding the cessation of the company's principal trading activity in 2021, at the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of preparation in preparing the financial statements.

4. Employees and directors

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

5. Creditors: amounts falling due within one year
30.6.24 30.6.23
£ £
Amounts owed to group undertakings 29,342 6,737
Other creditors 15,335 38,300
44,677 45,037

6. Reserves
Retained
earnings
£

At 1 July 2023 (2,779 )
Profit for the year 8,595
At 30 June 2024 5,816

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

Bahia Blanca Leisure Limited (Registered number: 03500358)

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


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

The Report of the Auditors was qualified on the following basis:

Basis for qualified opinion
As described in Note 7 of the financial statements, an on-going dispute with the company's UK bank has resulted in access to the UK bank account being blocked. Statements and balance certifications for this account were accordingly not available for the purposes of our audit. We were unable to satisfy ourselves by alternative means concerning the account balance at 30 June 2024, which is included in the balance sheet at £41,846, by using other audit procedures. Similarly, we were unable to satisfy ourselves concerning the completeness of account transactions in the year ended 30 June 2024. Consequently, we were unable to determine whether any adjustment to these figures was necessary.

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our qualified opinion.

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

8. Contingent liabilities

As a consequence of a dispute with the company's UK bank, access to the company's UK bank accounts has been blocked. These accounts amounted to £41,847 at 30 June 2024. It is anticipated that this matter will be resolved without loss to the company. The operations of the company have been unaffected.

9. Ultimate controlling party

The immediate parent companies of Bahia Blanca Leisure Limited are Bahia Blanca Management Limited, a company incorporated in England and Wales and Clubotel La Dorada SL., a company incorporated in Spain. These companies each own 50% of equity and both are members of a group controlled by Nakar Inversiones Hoteleras SL, which is the ultimate parent company of Bahia Blanca Leisure Limited. Nakar Inversiones Hoteleras SL is incorporated in Spain (c/Calabria, 129, entresuelo, 08015, Barcelona).