ACCOUNTS - Final Accounts preparation

Company registration number: 12070418

	UNAUDITED FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 31 DECEMBER 2024

	B1B LIMITED


B1B LIMITED

COMPANY INFORMATION

Director	B Asadi


Registered number	12070418


Registered office	4th Floor
	95 Gresham Street
	London
	EC2V 7AB


Accountants	Menzies LLP
	Chartered Accountants
	Ashcombe House
	5 The Crescent
	Leatherhead
	Surrey
	KT22 8DY


B1B LIMITED

CONTENTS

	Page
Statement of financial position	1 - 2
Notes to the financial statements	3 - 5


B1B LIMITED REGISTERED NUMBER:12070418

STATEMENT OF FINANCIAL POSITION

AS AT 31 DECEMBER 2024

		2024		2023
Note		£		£

Fixed assets
Investment property	4		1,100,000		800,000
			1,100,000		800,000
Current assets
Debtors: amounts falling due within one year	5	631,918		669,737
Cash at bank and in hand		22,862		33,240
		654,780		702,977
Creditors: amounts falling due within one year	6	(728,799)		(781,122)
Net current liabilities			(74,019)		(78,145)
Total assets less current liabilities			1,025,981		721,855
Creditors: amounts falling due after more than one year	7		(629,391)		(651,875)
Provisions for liabilities
Deferred tax		(77,388)		-
			(77,388)		-
Net assets			319,202		69,980

Page 1


B1B LIMITED REGISTERED NUMBER:12070418

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 DECEMBER 2024

		2024		2023
		£		£

Capital and reserves
Allotted and called up share capital	1	1
Profit and loss account	319,201	69,979
	319,202	69,980

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

B Asadi

Director

Date: 17 December 2025

The notes on pages 3 to 5 form part of these financial statements.

Page 2


B1B LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1.	General information

B1B 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.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Revenue

Revenue is derived from rent receivable from investment properties and is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured.

2.3

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

2.4

Investment property

Investment property is carried at fair value determined annually by the director and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

Page 3


B1B LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.5

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Employees

The average monthly number of employees, including the director, during the year was 1 (2023 - 1).

4.	Investment property

		Freehold investment property
		£
	Valuation
	At 1 January 2024	800,000
	Surplus on revaluation	300,000
	At 31 December 2024	1,100,000

Investment property was valued on open market basis on 31 December 2024 by the director.

Debtors

					2024	2023
					£	£


Amounts owed by group undertakings	616,441	638,935
Other debtors	306	1
Prepayments and accrued income	15,171	-
Deferred taxation	-	30,801
	631,918	669,737

Page 4


B1B LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

6.	Creditors: Amounts falling due within one year
		2024	2023
		£	£

Bank loans	22,191	20,880
Trade creditors	-	1,942
Amounts owed to group undertakings	671,209	751,209
Corporation tax	19,573	3,201
Other taxation and social security	4,751	3,090
Accruals and deferred income	11,075	800
	728,799	781,122

HSBC UK Bank PLC holds a fixed and floating charge and negative pledges over B1B Limited, which is secured against the assets and undertakings of the company.

7.	Creditors: Amounts falling due after more than one year
		2024	2023
		£	£

Bank loans	629,391	651,875
	629,391	651,875

HSBC UK Bank PLC holds a fixed and floating charge and negative pledges over B1B Limited, which is secured against the assets and undertakings of the company.

Page 5