IRIS Accounts Production v25.1.4.42 07788142 Board of Directors Board of Directors 1.11.23 31.10.24 31.10.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh077881422023-10-31077881422024-10-31077881422023-11-012024-10-31077881422022-10-31077881422022-11-012023-10-31077881422023-10-3107788142ns15:EnglandWales2023-11-012024-10-3107788142ns14:PoundSterling2023-11-012024-10-3107788142ns10:Director12023-11-012024-10-3107788142ns10:Director22023-11-012024-10-3107788142ns10:PrivateLimitedCompanyLtd2023-11-012024-10-3107788142ns10:SmallEntities2023-11-012024-10-3107788142ns10:AuditExempt-NoAccountantsReport2023-11-012024-10-3107788142ns10:SmallCompaniesRegimeForDirectorsReport2023-11-012024-10-3107788142ns10:SmallCompaniesRegimeForAccounts2023-11-012024-10-3107788142ns10:FullAccounts2023-11-012024-10-3107788142ns10:RegisteredOffice2023-11-012024-10-3107788142ns5:CurrentFinancialInstruments2024-10-3107788142ns5:CurrentFinancialInstruments2023-10-3107788142ns5:ShareCapital2024-10-3107788142ns5:ShareCapital2023-10-3107788142ns5:SharePremium2024-10-3107788142ns5:SharePremium2023-10-3107788142ns5:RetainedEarningsAccumulatedLosses2024-10-3107788142ns5:RetainedEarningsAccumulatedLosses2023-10-3107788142ns5:CostValuation2023-10-31
REGISTERED NUMBER: 07788142 (England and Wales)


















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

BABYLON ENTERPRISES LIMITED

BABYLON ENTERPRISES LIMITED (REGISTERED NUMBER: 07788142)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BABYLON ENTERPRISES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTORS: T A Pearson
V E Pearson





REGISTERED OFFICE: 22 Fields Court
Warwick
CV34 5HP





REGISTERED NUMBER: 07788142 (England and Wales)





ACCOUNTANTS: TGFP
Chartered Accountants
Fulford House
Newbold Terrace
Leamington Spa
Warwickshire
CV32 4EA

BABYLON ENTERPRISES LIMITED (REGISTERED NUMBER: 07788142)

BALANCE SHEET
31 OCTOBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investments 4 955,239 955,239

CURRENT ASSETS
Debtors 5 500,027 500,027
Cash at bank 7,830 5,779
507,857 505,806
CREDITORS
Amounts falling due within one year 6 252,590 271,952
NET CURRENT ASSETS 255,267 233,854
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,210,506

1,189,093

CAPITAL AND RESERVES
Called up and paid share capital 100 100
Share premium 249,902 249,902
Retained earnings 960,504 939,091
1,210,506 1,189,093

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

BABYLON ENTERPRISES LIMITED (REGISTERED NUMBER: 07788142)

BALANCE SHEET - continued
31 OCTOBER 2024


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 Board of Directors and authorised for issue on 22 July 2025 and were signed on its behalf by:




T A Pearson - Director



V E Pearson - Director


BABYLON ENTERPRISES LIMITED (REGISTERED NUMBER: 07788142)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024


1. STATUTORY INFORMATION

Babylon Enterprises Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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


2. ACCOUNTING POLICIES

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

Preparation of consolidated financial statements
The financial statements contain information about Babylon Enterprises 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts and rebates.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Financial instruments
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

BABYLON ENTERPRISES LIMITED (REGISTERED NUMBER: 07788142)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakin
£   
COST
At 1 November 2023
and 31 October 2024 955,239
NET BOOK VALUE
At 31 October 2024 955,239
At 31 October 2023 955,239

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 500,027 500,027

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 441 -
Taxation and social security 5,460 3,203
Other creditors 246,689 268,749
252,590 271,952

7. RELATED PARTY DISCLOSURES

The company is owed £500,027 (2023 - £500,027) to companies which are controlled by the directors. The loan is interest free with no fixed terms of repayments.