Registration number:
Babble Beach Limited
for the Period from 23 June 2024 to 31 March 2025
Registration number:
Babble Beach Limited
for the Period from 23 June 2024 to 31 March 2025
Babble Beach Limited
Contents
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Company Information |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
Babble Beach Limited
Company Information
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Directors |
Mr Nicholas Matthew Vardy Mr Kim Joseph Francis Mr Benjamin Ellis Mr Jack Bryan Cregan |
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Registered office |
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Accountants |
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Babble Beach Limited
(Registration number: 15796260)
Balance Sheet as at 31 March 2025
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Note |
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Fixed Assets |
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Tangible Assets |
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Current assets |
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Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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Net current liabilities |
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Net liabilities |
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Capital and Reserves |
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Called up share capital |
1,000 |
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Retained Earnings |
(39,188) |
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Shareholders' deficit |
(38,188) |
For the financial period ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
Approved and authorised by the
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Babble Beach Limited
Notes to the Unaudited Financial Statements for the Period from 23 June 2024 to 31 March 2025
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General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
These financial statements were authorised for issue by the
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Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
The financial statements are presented in Sterling, which is the functional currency of the company.
Going concern
These accounts have been prepared on a going concern basis notwithstanding the company's net liability position at the balance sheet date. The directors are confident that with her continued support, the company can remain in operational existence for the foreseeable future.
Tangible Assets
Tangible Assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
Babble Beach Limited
Notes to the Unaudited Financial Statements for the Period from 23 June 2024 to 31 March 2025
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Trade Debtors
Trade Debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade Debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.
Trade Creditors
Trade Creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade Creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
Babble Beach Limited
Notes to the Unaudited Financial Statements for the Period from 23 June 2024 to 31 March 2025
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Babble Beach Limited
Notes to the Unaudited Financial Statements for the Period from 23 June 2024 to 31 March 2025
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Staff numbers |
The average number of persons employed by the company (including directors) during the period, was
Babble Beach Limited
Notes to the Unaudited Financial Statements for the Period from 23 June 2024 to 31 March 2025
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Tangible Assets |
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Cost or valuation |
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Additions |
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At 31 March 2025 |
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Depreciation |
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Charge for the period |
- |
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Impairment |
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At 31 March 2025 |
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Carrying amount |
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At 31 March 2025 |
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Debtors |
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Current |
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Other debtors |
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Creditors |
Creditors: amounts falling due within one year
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Note |
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Due within one year |
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Loans and borrowings |
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Trade Creditors |
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Accruals and deferred income |
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Other creditors |
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Babble Beach Limited
Notes to the Unaudited Financial Statements for the Period from 23 June 2024 to 31 March 2025
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Loans and borrowings |
Current loans and borrowings
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Other borrowings |
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