BB House UK Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 08523698 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

BB HOUSE UK LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

F Kabalan

R Abul Nasr Bassatne

REGISTERED OFFICE:

107 Bell Street

London

NW1 6TL

REGISTERED NUMBER:

08523698 (England and Wales)

ACCOUNTANTS:

Butters Gates & Company

Chartered Accountants

107 Bell Street

London

NW1 6TL

FIXED ASSETS

Tangible assets

4

22,367,879

22,369,232

CURRENT ASSETS

Debtors

5

38,183

36,149

Investments

6

314,556

314,556

Cash at bank

195,063

1,245,868

547,802

1,596,573

CREDITORS

Amounts falling due within one year

7

14,993,182

14,933,070

NET CURRENT LIABILITIES

(14,445,380

)

(13,336,497

)

TOTAL ASSETS LESS CURRENT LIABILITIES

7,922,499

9,032,735

CREDITORS

Amounts falling due after more than one year

8

7,500,000

8,610,000

NET ASSETS

422,499

422,735

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

421,499

421,735

422,499

422,735

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 May 2024 and were signed on its behalf by:

R Abul Nasr Bassatne - Director

F Kabalan - Director

1.	STATUTORY INFORMATION

BB House UK Limited 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.

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.

Fixtures and fittings

-

10% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

Freehold

to

and

property

property

fittings

Totals

£

£

£

£

COST

At 1 January 2023

and 31 December 2023

13,363,742

9,002,802

13,512

22,380,056

DEPRECIATION

At 1 January 2023

-

-

10,824

10,824

Charge for year

-

-

1,353

1,353

At 31 December 2023

-

-

12,177

12,177

NET BOOK VALUE

At 31 December 2023

13,363,742

9,002,802

1,335

22,367,879

At 31 December 2022

13,363,742

9,002,802

2,688

22,369,232

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.23

31.12.22

£

£

Other debtors

1,000

1,000

Prepayments

37,183

35,149

38,183

36,149

6.	CURRENT ASSET INVESTMENTS

31.12.23

31.12.22

£

£

Other

314,556

314,556

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.23

31.12.22

£

£

Trade creditors

1,690

-

VAT

21,607

22,867

Other creditors

14,942,742

14,877,742

Accrued expenses

27,143

32,461

14,993,182

14,933,070

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.23

31.12.22

£

£

Bank loans - 1-2 years

-

8,610,000

Bank loans - 2-5 years

7,500,000

-

7,500,000

8,610,000