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Registration number: 01635187

B & B Advertising Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2024

 

B & B Advertising Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 10

 

B & B Advertising Limited

Company Information

Directors

R G Boyce (Chairman)

A R Boyce

JC Boyce

Registered office

Ruffles Barn Brookside
Dalham
Newmarket
CB8 8TG

Accountants

LJ Mills FCA
Chartered AccountantsLower Church Farmhouse
Church Lane
Cockfield
Bury St Edmunds
Suffolk
IP30 0LA

 

B & B Advertising Limited

(Registration number: 01635187)
Balance Sheet as at 31 December 2024

Note

2024
£

2023
£

Fixed Assets

 

Investment property

4

4,671,088

4,671,088

Investments

5

5,640

5,640

 

4,676,728

4,676,728

Current assets

 

Debtors

7

1,422,218

1,385,388

Other financial assets

6

230,539

175,546

Cash at bank and in hand

 

13,591

9,875

 

1,666,348

1,570,809

Creditors: Amounts falling due within one year

8

(616,600)

(537,182)

Net current assets

 

1,049,748

1,033,627

Total assets less current liabilities

 

5,726,476

5,710,355

Creditors: Amounts falling due after more than one year

8

(2,066,375)

(2,201,875)

Provisions for liabilities

(205,340)

(205,340)

Net assets

 

3,454,761

3,303,140

Capital and Reserves

 

Called up share capital

300

300

Other reserves

875,393

875,393

Retained Earnings

2,579,068

2,427,447

Shareholders' funds

 

3,454,761

3,303,140

 

B & B Advertising Limited

(Registration number: 01635187)
Balance Sheet as at 31 December 2024

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

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 7 July 2025 and signed on its behalf by:
 

.........................................
A R Boyce
Director

 

B & B Advertising Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Ruffles Barn Brookside
Dalham
Newmarket
CB8 8TG
England

These financial statements were authorised for issue by the Board on 7 July 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are presented in Sterling, which is the functional currency of the company.

 

B & B Advertising Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined by the directors. The directors use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade Creditors

Trade Creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade Creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

B & B Advertising Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2023 - 0).

4

Investment properties

2024
£

At 1 January 2024

4,671,088

At 31 December 2024

4,671,088

Investment property held at 31 December 2020 was revalued on 15 July 2016 to £2,425,000 by Savills (UK) Limited who have experience of valuing similar properties, on an open market existing use basis. The directors consider that the current fair value of this investment property is not materially different from the 2016 valuation of £2,425,000. The historic cost of this property is £1,344,267 (2020: £1,344,267), additional property purchased in 2021 and further costs capitalised in 2022 are shown at cost.

5

Investments

2024
£

2023
£

Other investments

5,640

5,640

 

B & B Advertising Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

6

Other financial assets (current and non-current)

Financial assets at fair value through profit and loss
£

Total
£

Current financial assets

Cost

At 1 January 2024

190,081

190,081

At 31 December 2024

190,081

190,081

Fair value adjustment

At 1 January 2024

(14,535)

(14,535)

Fair value adjustment in year

54,993

54,993

At 31 December 2024

40,458

40,458

Carrying amount

At 31 December 2024

230,539

230,539

At 31 December 2023

175,546

175,546

 

B & B Advertising Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

7

Debtors

Current

2024
£

2023
£

Trade debtors

543

1,481

Prepayments

491

1,364

Other debtors

1,421,184

1,382,543

 

1,422,218

1,385,388

8

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

9

135,500

135,500

Trade Creditors

 

1,006

-

Taxation and social security

 

52,300

73,188

Accruals and deferred income

 

18,649

18,456

Other creditors

 

409,145

310,038

 

616,600

537,182

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

9

2,066,375

2,201,875

 

B & B Advertising Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

9

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

2,066,375

2,201,875

Current loans and borrowings

2024
£

2023
£

Bank borrowings

135,500

135,500

Bank borrowings

New bank loan is denominated in sterling with an interest rate of 3.09% above base rate, with the final instalment due on 28 February 2026. The carrying amount at year end is £2,201,875 (2023 - £2,337,375).

The loan is secured against the properties.

 

B & B Advertising Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

10

Financial instruments

Categorisation of financial instruments

2024
 £

2023
 £

Financial assets measured at fair value through profit or loss

230,539

175,546

Financial assets measured at fair value

Interest rate swap agreement
The provider valued the agreement at the year end.

The fair value is £230,539 (2023 - £175,546) and the change in value included in profit or loss is £54,993 (2023 - £166,550).

Items of income, expense, gains or losses

2024

Income
£

Expense
£

Net gains
£

Net losses
£

Financial assets measured at fair value through profit or loss

54,993

-

-

-

2023

Income
£

Expense
£

Net gains
£

Net losses
£

Financial assets measured at fair value through profit or loss

166,550

-

-

-

11

Parent and ultimate parent undertaking

The RG Boyce Trustee Company Ltd, a company incorporated in Cyprus, in its capacity as trustee, had a controlling shareholding in the company throughout the year.