REGISTERED NUMBER: 11138650 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

BENDA BILI LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mrs M J M Sezalory

SECRETARY:

Cripps Secretaries Limited

REGISTERED OFFICE:

22 Mount Ephraim

Tunbridge Wells

Kent

TN4 8AS

REGISTERED NUMBER:

11138650 (England and Wales)

AUDITORS:

Orcom Civvals Audit Limited

Chartered Accountants and

Statutory Auditors

50 Seymour Street

London

W1H 7JG

FIXED ASSETS

Tangible assets

4

534,494

1,095,860

CURRENT ASSETS

Stocks

5

756,961

508,144

Debtors

6

2,860,576

286,272

Cash at bank

7

2,623,110

996,048

6,240,647

1,790,464

CREDITORS

Amounts falling due within one year

8

(6,099,579

)

(2,561,321

)

NET CURRENT ASSETS/(LIABILITIES)

141,068

(770,857

)

TOTAL ASSETS LESS CURRENT LIABILITIES

675,562

325,003

PROVISIONS FOR LIABILITIES

(132,980

)

(52,320

)

NET ASSETS

542,582

272,683

CAPITAL AND RESERVES

Called up share capital

9

1,000

1,000

Retained earnings

541,582

271,683

SHAREHOLDERS' FUNDS

542,582

272,683

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 7 May 2025 and were signed by:

Mrs M J M Sezalory - Director

1.	STATUTORY INFORMATION

Benda Bili Ltd 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated

depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Stores Improvement - 50%

Fixtures and fittings - 50%

Office equipment - 50%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the profit or loss.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 52 (2023 - 26 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Store

and

Computer

Improvements

fittings

equipment

Totals

£

£

£

£

COST

At 1 January 2024

1,467,105

38,245

14,359

1,519,709

Additions

62,583

-

13,894

76,477

At 31 December 2024

1,529,688

38,245

28,253

1,596,186

DEPRECIATION

At 1 January 2024

394,499

25,100

4,250

423,849

Charge for year

617,222

10,225

10,396

637,843

At 31 December 2024

1,011,721

35,325

14,646

1,061,692

NET BOOK VALUE

At 31 December 2024

517,967

2,920

13,607

534,494

At 31 December 2023

1,072,606

13,145

10,109

1,095,860

5.

STOCKS

2024

2023

£

£

Stocks

756,961

508,144

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

208,591

-

Amounts owed by group undertakings

2,387,459

45,910

Other debtors

264,526

240,362

2,860,576

286,272

7.	CASH AT BANK

2024

2023

£

£

Bank/Cash accounts

2,623,110

996,048

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

4,762,455

1,925,122

Amounts owed to group undertakings

270,045

160,368

Taxation and social security

852,922

302,808

Other creditors

214,157

173,023

6,099,579

2,561,321

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

1,000

Ordinary

£1

1,000

1,000

10.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Philip Jones (FCA) (Senior Statutory Auditor)

for and on behalf of Orcom Civvals Audit Limited

11.	COMMITMENTS UNDER OPERATING LEASES

At 31 December 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024

2023

£

£

Not later than 1 year

472,000

472,000

Later than 1 year and not later than 5 years

1,127,750

1,563,000

Later than 5 years

36,750

Total

1,599,750

2,071,750

12.	RELATED PARTY TRANSACTIONS

The company has taken advantage of the exemption available under FRS 102 from the disclosures relating to transactions with other group companies.

13.	CONTROLLING PARTY

The company is a wholly owned subsidiary of Benda Bili SAS, a company incorporated in France.