REGISTERED NUMBER: 01229040 (England and Wales)

BUNGEBAY LIMITED

Unaudited Financial Statements for the Year Ended 31 March 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

7

DIRECTOR:

A Mian

REGISTERED OFFICE:

First Floor, Gazette Buildings

160-178 Corporation Street

Birmingham

B4 6TF

REGISTERED NUMBER:

01229040 (England and Wales)

ACCOUNTANTS:

Lancaster Haskins Limited

Granville House

2 Tettenhall Road

Wolverhampton

West Midlands

WV1 4SB

FIXED ASSETS

Tangible assets

4

6,639

7,811

Investment property

5

1,070,000

1,070,000

1,076,639

1,077,811

CURRENT ASSETS

Debtors

6

48,308

36,596

Cash at bank

2,881

3,550

51,189

40,146

CREDITORS

Amounts falling due within one year

7

69,599

92,622

NET CURRENT LIABILITIES

(18,410

)

(52,476

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,058,229

1,025,335

PROVISIONS FOR LIABILITIES

142,898

142,744

NET ASSETS

915,331

882,591

CAPITAL AND RESERVES

Called up share capital

2,002

2,002

Fair value reserve

8

611,699

611,699

Retained earnings

301,630

268,890

SHAREHOLDERS' FUNDS

915,331

882,591

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

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 15 December 2025 and were signed by:

A Mian - Director

1.	STATUTORY INFORMATION

Bungebay 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 as modified by the revaluation of certain assets.

Turnover

Turnover is recognised upon completion of services rendered.

Tangible fixed assets

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

Plant and machinery etc

-

Straight line over 3 years

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

Financial instruments

Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference shares or non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 April 2024

and 31 March 2025

26,110

DEPRECIATION

At 1 April 2024

18,299

Charge for year

1,172

At 31 March 2025

19,471

NET BOOK VALUE

At 31 March 2025

6,639

At 31 March 2024

7,811

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

1,070,000

NET BOOK VALUE

At 31 March 2025

1,070,000

At 31 March 2024

1,070,000

Fair value at 31 March 2025 is represented by:

£

Valuation in 2002

219,942

Valuation in 2015

283,180

Valuation in 2016

23,570

Valuation in 2017

97,080

Valuation in 2018

45,000

Valuation in 2019

20,000

Valuation in 2020

30,000

Valuation in 2022

48,513

Valuation in 2023

(56,200

)

Cost

358,915

1,070,000

Investment properties are valued by the director at their fair value basis as at 31st March 2025.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

47,733

36,120

Prepayments

575

476

48,308

36,596

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

37,154

44,195

Social security and other taxes

11,168

7,716

Other creditors

795

795

Directors' current accounts

19,052

34,211

Accruals and deferred income

1,430

5,705

69,599

92,622

8.

RESERVES

Fair

value

reserve

£

At 1 April 2024

and 31 March 2025

611,699

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is A Mian.

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Bungebay Limited for the year ended 31 March 2025 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Bungebay Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Bungebay Limited and state those matters that we have agreed to state to the director of Bungebay Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Bungebay Limited and its director for our work or for this report.

It is your duty to ensure that Bungebay Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Bungebay Limited. You consider that Bungebay Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Bungebay Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Lancaster Haskins Limited

Granville House

2 Tettenhall Road

Wolverhampton

West Midlands

WV1 4SB

15 December 2025