Babylonstoren (UK) Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 09733055 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 June 2017

for

Babylonstoren (UK) Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

C H Coetzee

Mrs S C Seager

REGISTERED OFFICE:

The Estate Office

Hadspen House

Castle Cary

Somerset

BA7 7NG

REGISTERED NUMBER:

09733055 (England and Wales)

ACCOUNTANTS:

Silbury Sherborne Limited

York House

Coldharbour Business Park

Sherborne

DT9 4JW

FIXED ASSETS

Intangible assets

4

1,514

1,946

Property, plant and equipment

5

14,604

18,215

16,118

20,161

CURRENT ASSETS

Inventories

61,045

46,555

Debtors

6

21,896

26,511

Cash at bank and in hand

76,358

3,027

159,299

76,093

CREDITORS

Amounts falling due within one year

7

386,023

209,095

NET CURRENT LIABILITIES

(226,724

)

(133,002

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(210,606

)

(112,841

)

CAPITAL AND RESERVES

Called up share capital

8

1

1

Retained earnings

(210,607

)

(112,842

)

SHAREHOLDERS' FUNDS

(210,606

)

(112,841

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 21 September 2017 and were signed on its behalf by:

Mrs S C Seager - Director

1.	STATUTORY INFORMATION

Babylonstoren (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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts,

rebates, value added tax and other sales taxes.

Trade marks

Trade marks are being amortised over 5 years on a straight line basis.

Tangible fixed assets

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

Plant and machinery etc

-

33% on cost, 25% on cost and 10% on cost

Stocks

Inventories 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the statement of financial position 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.

Going concern

The directors are of the opinion that the company is a going concern due to the continued support of its

holding company. Therefore the accounts have been prepared on a going concern basis.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2016 - 4 ) .

4.	INTANGIBLE FIXED ASSETS

Trade

marks

£

COST

At 1 July 2016

and 30 June 2017

2,162

AMORTISATION

At 1 July 2016

216

Amortisation for year

432

At 30 June 2017

648

NET BOOK VALUE

At 30 June 2017

1,514

At 30 June 2016

1,946

5.	PROPERTY, PLANT AND EQUIPMENT

Plant and

machinery

etc

£

COST

At 1 July 2016

20,057

Additions

148

At 30 June 2017

20,205

DEPRECIATION

At 1 July 2016

1,842

Charge for year

3,759

At 30 June 2017

5,601

NET BOOK VALUE

At 30 June 2017

14,604

At 30 June 2016

18,215

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.17

30.6.16

£

£

Trade debtors

19,365

13,065

Other debtors

2,531

13,446

21,896

26,511

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.17

30.6.16

£

£

Trade creditors

8,502

25,087

Amounts owed to group undertakings

269,856

81,212

Taxation and social security

3,666

1,294

Other creditors

103,999

101,502

386,023

209,095

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.17

30.6.16

value:

£

£

1

Ordinary

£1

1

1

9.	ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of Babylonstoren (Pty) Ltd a company registered in South

Africa. Registered office Babylonstoren Farm, Klapmuts-Simondium Road, Paarl, South Africa 7670.