18 December 2023 false No description of principal activity Taxfiler 2024.6 15358817business:PrivateLimitedCompanyLtd2023-12-182024-12-31 153588172023-12-17 153588172023-12-182024-12-31 15358817business:AuditExemptWithAccountantsReport2023-12-182024-12-31 15358817business:FilletedAccounts2023-12-182024-12-31 153588172024-12-31 15358817business:Director12023-12-182024-12-31 15358817business:Director22023-12-182024-12-31 15358817business:RegisteredOffice2023-12-182024-12-31 15358817core:WithinOneYear2024-12-31 15358817core:AfterOneYear2024-12-31 15358817core:ShareCapitalcore:PreviouslyStatedAmount2024-12-31 15358817core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-12-31 15358817core:PreviouslyStatedAmount2024-12-31 15358817business:SmallEntities2023-12-182024-12-31 15358817countries:EnglandWales2023-12-182024-12-31 15358817core:WithinOneYear2023-12-182024-12-31 15358817core:MoreThanFiveYears2024-12-31 15358817core:AfterOneYear2023-12-182024-12-31 iso4217:GBP xbrli:pure
Company Registration No. 15358817 (England and Wales)
Properties By Bab Ltd Unaudited accounts for the period from 18 December 2023 to 31 December 2024
Properties By Bab Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
Properties By Bab Ltd Company Information for the period from 18 December 2023 to 31 December 2024
Directors
Joost Michiel Van Der Geest Rita Stepanoviene
Company Number
15358817 (England and Wales)
Registered Office
28 Tytton Lane East Wyberton Boston Lincolnshire PE21 7HW United Kingdom
Accountants
CDM Accountants Limited 28 Tytton Lane East Wyberton Boston Lincolnshire PE21 7HW
- 3 -
Properties By Bab Ltd Statement of financial position as at 31 December 2024
2024 
Notes
£ 
Fixed assets
Investment property
4
578,511 
Current assets
Debtors
5
1,530 
Cash at bank and in hand
8,163 
9,693 
Creditors: amounts falling due within one year
6
(396,417)
Net current liabilities
(386,724)
Total assets less current liabilities
191,787 
Creditors: amounts falling due after more than one year
7
(218,387)
Net liabilities
(26,600)
Capital and reserves
Called up share capital
103 
Profit and loss account
(26,703)
Shareholders' funds
(26,600)
For the period ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 17 September 2025 and were signed on its behalf by
Joost Michiel Van Der Geest Director Company Registration No. 15358817
- 4 -
Properties By Bab Ltd Notes to the Accounts for the period from 18 December 2023 to 31 December 2024
1
Statutory information
Properties By Bab Ltd is a private company, limited by shares, registered in England and Wales, registration number 15358817. The registered office is 28 Tytton Lane East, Wyberton, Boston, Lincolnshire, PE21 7HW, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
4
Investment property
2024 
£ 
Additions
578,511 
At 31 December 2024
578,511 
5
Debtors
2024 
£ 
Amounts falling due within one year
Trade debtors
1,530 
- 5 -
Properties By Bab Ltd Notes to the Accounts for the period from 18 December 2023 to 31 December 2024
6
Creditors: amounts falling due within one year
2024 
£ 
Bank loans and overdrafts
170,312 
Trade creditors
4,252 
Loans from directors
220,773 
Accruals
1,080 
396,417 
Bank loans totalling £170,312 are secured via a fixed charge and a negative pledge on the investment properties.
7
Creditors: amounts falling due after more than one year
2024 
£ 
Bank loans
218,387 
Aggregate of amounts that fall due for payment after five years
152,138 
Bank loans totalling £218,387 are secured via a fixed charge and a negative pledge on the investment properties. Bank loans include aggregate amounts of £152,138 which fall due after five years and are payable by instalments.
8
Average number of employees
During the period the average number of employees was 2.
- 6 -