Registration number: 13395984

Babila Limited

Contents

Balance Sheet	1 to 2
Notes to the Unaudited Financial Statements	3 to 7

Babila Limited

(Registration number: 13395984)
Balance Sheet as at 31 May 2026

	Note	2026 £	2025 £
Fixed assets
Intangible assets	4	12,989	10,495
Tangible assets	5	74,013	19,746
Other financial assets	6	24,325	-
		111,327	30,241
Current assets
Debtors	7	2,898	13,119
Cash at bank and in hand		613,375	560,078
		616,273	573,197
Creditors: Amounts falling due within one year	8	(46,358)	(80,034)
Net current assets		569,915	493,163
Total assets less current liabilities		681,242	523,404
Provisions for liabilities		(18,504)	(4,937)
Net assets		662,738	518,467
Capital and reserves
Called up share capital		100	100
Retained earnings		662,638	518,367
Shareholders' funds		662,738	518,467

For the financial year ending 31 May 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Babila Limited

(Registration number: 13395984)
Balance Sheet as at 31 May 2026

Approved and authorised by the director on 18 September 2026
 

......................................... Mr M Casarini Director

Babila Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2026

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
3RD Floor
207 Regent Street
London
W1B 3HH
England

2	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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current tax payable and deferred tax.

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 taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Babila Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2026

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:

Asset class	Depreciation method and rate
Motor Vehicles	25% Straight line
Fixtures & Fittings	25% Straight line
Computer Equipment	33% Straight line

Intangible assets

Separately acquired trademarks, patents and licences are shown at historical cost.

Trademarks, patents and licences (including software) and customer-related intangible assets acquired in a business combination are recognised at fair value at the acquisition date.

Trademarks, patents and licences and customer-related intangible assets have a finite useful life and are carried at cost less accumulated amortisation and any accumulated impairment losses.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Website	20% Straight line
Trade Mark	20% Straight line

Investments

Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

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.

Debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade creditors

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

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.

Babila Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2026

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2025 - 2).

4	Intangible assets

	Trademarks, patents and licences  £	Internally generated software development costs  £	Total £
Cost or valuation
At 1 June 2025	6,284	11,950	18,234
Additions acquired separately	-	7,225	7,225
At 31 May 2026	6,284	19,175	25,459
Amortisation
At 1 June 2025	2,514	5,225	7,739
Amortisation charge	1,257	3,474	4,731
At 31 May 2026	3,771	8,699	12,470
Carrying amount
At 31 May 2026	2,513	10,476	12,989
At 31 May 2025	3,770	6,725	10,495

Babila Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2026

5	Tangible assets

	Fixtures and fittings £	Office equipment £	Motor vehicles  £	Total £
Cost or valuation
At 1 June 2025	9,099	3,926	28,995	42,020
Additions	6,677	-	80,895	87,572
Disposals	-	-	(28,995)	(28,995)
At 31 May 2026	15,776	3,926	80,895	100,597
Depreciation
At 1 June 2025	4,798	2,978	14,498	22,274
Charge for the year	3,173	467	15,168	18,808
Eliminated on disposal	-	-	(14,498)	(14,498)
At 31 May 2026	7,971	3,445	15,168	26,584
Carrying amount
At 31 May 2026	7,805	481	65,727	74,013
At 31 May 2025	4,301	948	14,497	19,746

6	Other financial assets (current and non-current)

	Financial assets at cost less impairment £	Total £
Non-current financial assets
Cost or valuation
Additions	24,325	24,325
At 31 May 2026	24,325	24,325
Impairment
Carrying amount
At 31 May 2026	24,325	24,325

Babila Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2026

7

Debtors

Current	2026 £	2025 £
Prepayments	348	6,569
Other debtors	2,550	6,550
	2,898	13,119

8

Creditors

Creditors: amounts falling due within one year

	2026 £	2025 £
Due within one year
Trade creditors	140	262
Taxation and social security	45,458	78,796
Other creditors	760	976
	46,358	80,034