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COMPANY REGISTRATION NUMBER: 09347541
83B Limited
Unaudited financial statements
30 November 2024
83B Limited
Statement of financial position
30 November 2024
2024
2023
Note
£
£
£
£
Fixed assets
Tangible assets
5
600,000
600,000
Current assets
Cash at bank and in hand
7,858
3,799
Creditors: Amounts falling due within one year
6
( 36,009)
( 30,308)
-------
-------
Net current liabilities
( 28,151)
( 26,509)
---------
---------
Total assets less current liabilities
571,849
573,491
Creditors: Amounts falling due after more than one year
7
( 601,169)
( 621,060)
---------
---------
Net liabilities
( 29,320)
( 47,569)
---------
---------
Capital and reserves
Called up share capital
8
100
100
Profit and loss account
( 29,420)
( 47,669)
-------
-------
Shareholders deficit
( 29,320)
( 47,569)
-------
-------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 November 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 financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 28 August 2025 , and are signed on behalf of the board by:
Mr J Sjogren
Director
Company registration number: 09347541
83B Limited
Notes to the financial statements
Year ended 30 November 2024
1. General information
The company is a private company limited by shares, registered in England and Wales . The company's registration number is 09347541 . The address of the registered office is Bankside 300, Peachman Way, Broadland Business Park, Norwich, NR7 0LB. The trading address of the company is 124 Barrack Street, Norwich, NR3 1TL.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly.
4. Employee numbers
The average number of employees during the year was 2 (2023: 2 ).
5. Tangible assets
Investment property
£
Cost
At 1 December 2023 and 30 November 2024
600,000
---------
Depreciation
At 1 December 2023 and 30 November 2024
---------
Carrying amount
At 30 November 2024
600,000
---------
At 30 November 2023
600,000
---------
Investment property was revalued at £600,000 by the directors on 30 November 2024.
6. Creditors: Amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
18,900
17,600
Social security and other taxes
10,299
6,018
Other creditors
6,810
6,690
-------
-------
36,009
30,308
-------
-------
The bank loan due under one year of £18,900 is secured by the company on its investment property by way of fixed and floating charges in favour of Lloyds Bank Plc.
7. Creditors: Amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
117,552
137,443
Other creditors
483,617
483,617
---------
---------
601,169
621,060
---------
---------
Included within creditors: amounts falling due after more than one year is an amount of £40,052 (2023: £67,043) in respect of liabilities payable or repayable by instalments which fall due for payment after more than five years from the reporting date.
The bank loan due after more than one year of £117,552 is secured by the company on its investment property by way of fixed and floating charges in favour of Lloyds Bank Plc.
8. Called up share capital
Issued, called up and fully paid
2024
2023
No.
£
No.
£
Ordinary shares of £ 1 each
100
100
100
100
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