REGISTERED NUMBER: 09403377 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Business Bay Ltd

Page

Balance Sheet

1

Notes to the Financial Statements

3

Fixed assets

Tangible assets

4

98,486

114,665

Current assets

Debtors

5

151,661

152,161

Cash at bank

1

1

151,662

152,162

Creditors

Amounts falling due within one year

6

(596,561

)

(511,177

)

Net current liabilities

(444,899

)

(359,015

)

Total assets less current liabilities

(346,413

)

(244,350

)

Creditors

Amounts falling due after more than one year

7

(8,500

)

(12,500

)

Net liabilities

(354,913

)

(256,850

)

Capital and reserves

Called up share capital

210,100

210,100

Retained earnings

9

(565,013

)

(466,950

)

Shareholders' funds

(354,913

)

(256,850

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 31 December 2025 and were signed on its behalf by:

Wasay Faruqui - Director

Mrs Zainab Faruqui - Director

1.	Statutory information

Business Bay Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

09403377

Registered office:

Marshall House, Suite 21/25

124 Middleton Road

Morden

SM4 6RW

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.

Tangible fixed assets

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

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.

3.	Employees and directors

The average number of employees during the year was 2 (2023 - 2 ) .

4.	Tangible fixed assets

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

Cost

At 1 January 2024

and 31 December 2024

135,588

236,273

371,861

Depreciation

At 1 January 2024

68,054

189,142

257,196

Charge for year

6,753

9,426

16,179

At 31 December 2024

74,807

198,568

273,375

Net book value

At 31 December 2024

60,781

37,705

98,486

At 31 December 2023

67,534

47,131

114,665

5.

Debtors: amounts falling due within one year

31.12.24

31.12.23

£

£

Other debtors

152,161

152,161

Accruals

(500

)

-

151,661

152,161

6.

Creditors: amounts falling due within one year

31.12.24

31.12.23

£

£

Trade creditors

596,561

511,177

7.

Creditors: amounts falling due after more than one year

31.12.24

31.12.23

£

£

Bank loans (see note 8)

8,500

12,500

8.

Loans

An analysis of the maturity of loans is given below:

31.12.24

31.12.23

£

£

Amounts falling due between one and two years:

Bank loans - 1-2 years

8,500

12,500

9.

Reserves

Retained

earnings

£

At 1 January 2024

(466,950

)

Deficit for the year

(98,063

)

At 31 December 2024

(565,013

)