Bigfocus Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 03442042 (England and Wales)

Financial Statements for the Year Ended 31 March 2019

for

Bigfocus Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

F Cornelli

SECRETARY:

Mrs T Cornelli

REGISTERED OFFICE:

C/O CAAT Advisory Ltd

Wework Southbank Central

30 Stamford Street

London

SE1 9LQ

REGISTERED NUMBER:

03442042 (England and Wales)

ACCOUNTANTS:

CAAT Advisory Ltd

Wework Southbank Central

30 Stamford Street

London

SE1 9PY

FIXED ASSETS

Investments

4

-

Investment property

5

2,000,000

CURRENT ASSETS

Debtors

6

429,162

364,176

Cash at bank

169,578

104,368

598,740

468,544

CREDITORS

Amounts falling due within one year

7

23,024

55,576

NET CURRENT ASSETS

575,716

412,968

TOTAL ASSETS LESS CURRENT
LIABILITIES

2,575,716

2,412,968

CREDITORS

Amounts falling due after more than one
year

8

(403,218

)

(403,218

)

PROVISIONS FOR LIABILITIES

(182,860

)

(182,860

)

NET ASSETS

1,989,638

1,826,890

CAPITAL AND RESERVES

Called up share capital

2

Retained earnings

1,989,636

1,826,888

SHAREHOLDERS' FUNDS

1,989,638

1,826,890

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director on 31 December 2019 and were signed by:

F Cornelli - Director

1.	STATUTORY INFORMATION

Bigfocus 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.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in

fair value is recognised in profit or loss.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2018 - NIL).

4.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 April 2018

and 31 March 2019

300,000

PROVISIONS

At 1 April 2018

and 31 March 2019

300,000

NET BOOK VALUE

At 31 March 2019

-

At 31 March 2018

-

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2018

and 31 March 2019

2,000,000

NET BOOK VALUE

At 31 March 2019

2,000,000

At 31 March 2018

2,000,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

Other debtors

429,162

364,176

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

Taxation and social security

(10,615

)

20,238

Other creditors

33,639

35,338

23,024

55,576

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.3.19

31.3.18

£

Other creditors

403,218

Bigfocus Limited - Accounts to registrar (filleted) - small 18.2

Bigfocus Limited - Accounts to registrar (filleted) - small 18.2