Babel Public Relations (EOT) Trustee Limited
Unaudited Financial Statements
For the period ended 31 December 2024
Pages for Filing with Registrar
Company Registration No. 15506804 (England and Wales)
Babel Public Relations (EOT) Trustee Limited
Contents
Page
Balance sheet
1
Notes to the financial statements
2 - 4
Babel Public Relations (EOT) Trustee Limited
Balance Sheet
As at 31 December 2024
Page 1
2024
Notes
£
£
Fixed assets
Investments
3
4,188,286
Current assets
Debtors
4
100
Creditors: amounts falling due within one year
5
(534,624)
Net current liabilities
(534,524)
Total assets less current liabilities
3,653,762
Creditors: amounts falling due after more than one year
6
(2,567,228)
Net assets
1,086,534
Reserves
Profit and loss reserves
1,086,534
Members' funds
1,086,534

The directors of the company have elected not to include a copy of the income and expenditure account within the financial statements.true

For the financial period ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 14 July 2025 and are signed on its behalf by:
P. Campbell
Director
Company Registration No. 15506804
Babel Public Relations (EOT) Trustee Limited
Notes to the Financial Statements
For the period ended 31 December 2024
Page 2
1
Accounting policies
Company information

Babel Public Relations (EOT) Trustee Limited is a private company limited by guarantee incorporated in England and Wales. The registered office is Bolsover House, 5-6 Clipstone Street, London, United Kingdom, W1W 6BB.

1.1
Reporting period

The financial statements cover the period from 2 Feburary 2024 to 31 December 2024, a period of 11 months. The reason for this shorter period is due to it being the company's year of incorporation.

1.2
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 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 £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.3
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in surplus or deficit.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

1.4
Financial instruments

Basic financial instruments are held at amortised cost. The company has no other financial instruments or basic financial instruments measured at fair value.

1.5

Profit and loss account

The company has not traded during the period. During this time, the company received no income and incurred no expenditure. The company only received a capital contribution in the current period.

2
Employees

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

2024
Number
Total
-
0
Babel Public Relations (EOT) Trustee Limited
Notes to the Financial Statements (Continued)
For the period ended 31 December 2024
Page 3
3
Fixed asset investments
2024
£
Shares in group undertakings and participating interests
4,188,286
Movements in fixed asset investments
Shares in subsidiaries
£
Cost or valuation
At 20 February 2024
-
Additions
4,188,286
At 31 December 2024
4,188,286
Carrying amount
At 31 December 2024
4,188,286
4
Debtors
2024
Amounts falling due within one year:
£
Other debtors
100
5
Creditors: amounts falling due within one year
2024
£
Other creditors
534,624
6
Creditors: amounts falling due after more than one year
2024
£
Other creditors
2,567,228
7
Members' liability

The company is limited by guarantee, not having a share capital and consequently the liability of members is limited, subject to an undertaking by each member to contribute to the net assets or liabilities of the company on winding up such amounts as may be required not exceeding £100.

Babel Public Relations (EOT) Trustee Limited
Notes to the Financial Statements (Continued)
For the period ended 31 December 2024
Page 4
8
Related party transactions

As at the period end date, the company owed an amount of £1,963,197 to the directors of the company. Of this amount, £338,370 is included in current creditors and £1,624,827 is included in non-current creditors.

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