Company No: 06767830 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTOR

I Demidov

SECRETARY

N Bespomostsnova

REGISTERED OFFICE	45 Gresham Street
	London
	EC2V 7BG
	United Kingdom

COMPANY NUMBER

06767830 (England and Wales)

ACCOUNTANT	S&W Partners LLP
	45 Gresham Street
	London
	EC2V 7BG

	Note	2024		2023
		£		£
				Restated - note 2
Fixed assets
Tangible assets	4	117,696		140,192
		117,696		140,192
Current assets
Debtors
- due within one year	5	767,294		194,870
- due after more than one year	5	6,692		9,266
Cash at bank and in hand		74,100		321,902
		848,086		526,038
Creditors: amounts falling due within one year	6	( 488,224)		( 290,074)
Net current assets		359,862		235,964
Total assets less current liabilities		477,558		376,156
Net assets		477,558		376,156
Capital and reserves
Called-up share capital	7	3		1
Capital contribution reserve		1,352,334		1,352,334
Profit and loss account		( 874,779 )		( 976,179 )
Total shareholder's funds		477,558		376,156

For the financial year ending 31 December 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Bili Management (UK) Limited (registered number: 06767830) were approved and authorised for issue by the Director on 23 December 2025. They were signed on its behalf by:

I Demidov Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Bili Management (UK) Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 45 Gresham Street, London, EC2V 7BG, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’ issued by the Financial Reporting Council, including Section 1A of Financial Reporting Standard 102 (FRS102), and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The functional currency of Bili Management (UK) Limited is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.

These financial statements are separate financial statements.

Going concern

The financial statements have been prepared on a going concern basis.

The director has made an assessment in preparing these financial statements as to whether the Company is a going concern and have concluded that there are no material uncertainties that may cast significant doubt on the Company's ability to continue as a going concern for a period of at least 12 months from the date of approval of these financial statements.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Profit and Loss Account in the period in which they arise on monetary items.

Turnover

Turnover 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. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following
conditions are satisfied:

• the amount of revenue can be measured reliably;
•it is probable that the company will receive the consideration due under the contract;
•the stage of completion of the contract at the end of the reporting period can be measured reliably; and
•the costs incurred and the costs to complete the contract can be measured reliably.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
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 financial statements. 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 enacted or substantively enacted tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit. Deferred tax assets are recognised only to the extent that it is probable that future taxable profit will be available against which the temporary differences can be utilised.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc.

20 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Profit and Loss Account over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Holiday pay accrual

A liability is recognised to the extent of any unused holiday pay entitlement which is accrued at the balance sheet date and carried forward to future periods. This is measured at the undiscounted salary cost of the future holiday entitlement so accrued at the balance sheet date.

2. Prior year adjustment

The financial statements for the year ended 31 December 2023 have been restated to correctly present the recognition of equity in prior periods. During the preparation of these accounts, it was identified that within creditors, amounts owed to group undertakings and other creditors, an amount of £1,352,334 should have been recognised as a capital contribution.

The effects of the restatement on the financial statements are as follows:

Equity: Increase in Capital contribution Reserves by £1,352,334

This adjustment ensures consistency with the principles of FRS 102, providing a more accurate representation of the company's financial position and performance.

3. Employees

	2024		2023
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	35		34

4. Tangible assets

	Plant and machinery etc.		Total
	£		£
Cost
At 01 January 2024	247,734		247,734
Additions	6,928		6,928
At 31 December 2024	254,662		254,662
Accumulated depreciation
At 01 January 2024	107,542		107,542
Charge for the financial year	29,424		29,424
At 31 December 2024	136,966		136,966
Net book value
At 31 December 2024	117,696		117,696
At 31 December 2023	140,192		140,192

5. Debtors

	2024		2023
	£		£
Debtors: amounts falling due within one year
Trade debtors	605,839		329
Prepayments	86,123		107,375
VAT recoverable	16,174		37,379
Other debtors	59,158		49,787
	767,294		194,870
Debtors: amounts falling due after more than one year
Other debtors	6,692		9,266

6. Creditors: amounts falling due within one year

	2024		2023
	£		£
Bank overdrafts	1,869		375
Trade creditors	114,122		22,032
Accruals	114,164		230,036
Other taxation and social security	249,833		22,181
Other creditors	8,236		15,450
	488,224		290,074

7. Called-up share capital

	2024		2023
	£		£
Allotted, called-up and fully-paid
3 Ordinary shares of £ 1.00 each (2023: 1 share of £ 1.00 )	3		1

On 17 January 2024 the company issued 2 ordinary shares for a nominal value of £1 per share.

8. Financial commitments

Commitments

Total future minimum lease payments under non-cancellable operating leases are as follows:

	2024		2023
	£		£
within one year	128,096		135,030
between one and five years	81,018		216,048
Total future minimum lease payments under non-cancellable operating leases	209,114		351,078

On 7 August 2021, the Company entered into a rental lease commitment for a period of 5 years. The Company has the option of a break clause after a period of 3 years, for which notice of 9 months must be given.

Pensions

The Company operates a defined contribution pension scheme for the director and employees. The assets of the scheme are held separately from those of the Company in an independently administered fund.

	2024		2023
	£		£
Unpaid contributions due to the fund (inc. in other creditors)	8,236		8,101

The pension cost charge represents contributions payable by the company to the fund and amounted to £32,186 (2023 - £32,440).

9. Related party transactions

Transactions with the entity's director

Key management compensation

	2024		2023
	£		£
Key management compensation	165,391		300,385

Other related party transactions

	2024		2023
	£		£
Bili Management (Jersey) Limited	0		50,000

In the previous year an amount advanced to the company by Bili Management (Jersey) Limited, was shown in amount owed to group undertakings of £50,000. On 29 January 2024 Bili Management (Jersey) Limited ceased being the parent company of Bili Management (UK) Limited.

10. Ultimate controlling party

At the year end the company's ultimate controlling party is Mr Y Hunyak, by virtue of their shareholding.