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REGISTERED NUMBER: 06473080 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

BBM Global Support Ltd

BBM Global Support Ltd (Registered number: 06473080)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BBM Global Support Ltd

Company Information
for the Year Ended 30 June 2024







DIRECTOR: S O Fafowora





SECRETARY:





REGISTERED OFFICE: 358 - 362 Goswell Road
London
EC1V 7LQ





REGISTERED NUMBER: 06473080 (England and Wales)





ACCOUNTANTS: Soriahview
Suite 275
Holywell Hill
St Albans
Hertfordshire
AL1 1DT

BBM Global Support Ltd (Registered number: 06473080)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 1,804,625
Tangible assets 5 - 2,558
Investments 6 80 80
80 1,807,263

CURRENT ASSETS
Stocks - 43,904
Debtors 7 - 2,711,102
- 2,755,006
CREDITORS
Amounts falling due within one year 8 433,539 522,278
NET CURRENT (LIABILITIES)/ASSETS (433,539 ) 2,232,728
TOTAL ASSETS LESS CURRENT
LIABILITIES

(433,459

)

4,039,991

CREDITORS
Amounts falling due after more than
one year

9

220,447

143,565
NET (LIABILITIES)/ASSETS (653,906 ) 3,896,426

CAPITAL AND RESERVES
Called up share capital 4,459,218 4,459,218
Share premium 4,306,890 4,306,890
Retained earnings (9,420,014 ) (4,869,682 )
(653,906 ) 3,896,426

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

BBM Global Support Ltd (Registered number: 06473080)

Balance Sheet - continued
30 June 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 August 2025 and were signed by:





S O Fafowora - Director


BBM Global Support Ltd (Registered number: 06473080)

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

1. STATUTORY INFORMATION

BBM Global Support Ltd 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.

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.

Significant judgements and estimates
During the year, the company became involved in significant litigation with an erstwhile director. The matters under dispute are fundamental to the company's operations and have a direct bearing on the value of its key assets.

As of the balance sheet date (30 June 2024), the director has assessed the likely outcome of this litigation. Based on legal advice, the prospects of the case concluding in a favourable outcome for the company were estimated to be approximately 50/50. Given this inherent uncertainty and the materiality of the potential downside risk, the director has concluded that the future economic benefits embodied in the company's intangible and tangible fixed assets are no longer probable.

In accordance with the prudence concept and the requirements of FRS 102 (specifically Section 27 Impairment of Assets), the director has taken the decision to fully impair these assets. The impairment charge recognizes that the carrying value of the assets may not be recoverable should the litigation be unsuccessful.

The impairments recognized in the income statement are as follows:

Intangible Assets: £1,804,625 (Note 5)

Tangible Assets: £2,558 (Note 6)

Total Impairment Charge: £1,807,183

Furthermore, under the same premise of uncertainty regarding future profitability, the director has concluded that it is no longer probable that the company will generate sufficient future taxable profits to utilize accumulated deferred tax assets. In accordance with FRS 102 Section 29 Income Tax, a deferred tax asset of £1,282,940 has been fully written off in the current year.

The financial statements do not include any provision for the legal costs or potential damages associated with this case, as the obligation is not yet probable at the balance sheet date.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

BBM Global Support Ltd (Registered number: 06473080)

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

2. ACCOUNTING POLICIES - continued

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

An impairment loss has been recognised in the Income Statement, following an assessment at the Balance Sheet date indicating the recoverable amount was less than its carrying value.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Development costs are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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.

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.

BBM Global Support Ltd (Registered number: 06473080)

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

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 July 2023 1,804,625
Impairments (1,804,625 )
At 30 June 2024 -
NET BOOK VALUE
At 30 June 2024 -
At 30 June 2023 1,804,625

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023 20,589
Impairments (2,558 )
At 30 June 2024 18,031
DEPRECIATION
At 1 July 2023
and 30 June 2024 18,031
NET BOOK VALUE
At 30 June 2024 -
At 30 June 2023 2,558

BBM Global Support Ltd (Registered number: 06473080)

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

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakin
£   
COST
At 1 July 2023
and 30 June 2024 80
NET BOOK VALUE
At 30 June 2024 80
At 30 June 2023 80

7. DEBTORS
30.6.24 30.6.23
£    £   
Amounts falling due within one year:
Trade debtors - 144,381
Other debtors - 1,282,940
- 1,427,321

Amounts falling due after more than one year:
Amounts owed by group undertakings - 1,283,781

Aggregate amounts - 2,711,102

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts - 2,136
Trade creditors 346,517 366,231
Taxation and social security 87,022 153,911
433,539 522,278

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.6.24 30.6.23
£    £   
Other creditors 220,447 143,565