Unaudited Financial Statements

for the Year Ended 30 June 2023

for

Bocking Homes Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

N Marquez Arnedo

REGISTERED OFFICE:

8-10 South Street

Epsom

Surrey

KT18 7PF

REGISTERED NUMBER:

10818893 (England and Wales)

ACCOUNTANTS:

Williams & Co Epsom LLP

Chartered Accountants

8-10 South Street

Epsom

Surrey

KT18 7PF

FIXED ASSETS

Tangible assets

4

70,678

79,629

Investments

5

400

200

Investment property

6

1,052,942

790,000

1,124,020

869,829

CURRENT ASSETS

Stocks

7

468,607

390,874

Debtors

8

624,329

555,276

Cash at bank

4,409

22,029

1,097,345

968,179

CREDITORS

Amounts falling due within one year

9

990,232

832,155

NET CURRENT ASSETS

107,113

136,024

TOTAL ASSETS LESS CURRENT LIABILITIES

1,231,133

1,005,853

CREDITORS

Amounts falling due after more than one year

10

(1,256,947

)

(1,061,441

)

PROVISIONS FOR LIABILITIES

12

(15,624

)

(13,234

)

NET LIABILITIES

(41,438

)

(68,822

)

CAPITAL AND RESERVES

Called up share capital

13

100

100

Fair value reserve

14

135,654

135,654

Retained earnings

(177,192

)

(204,576

)

SHAREHOLDERS' FUNDS

(41,438

)

(68,822

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 September 2023 and were signed by:

N Marquez Arnedo - Director

1.	STATUTORY INFORMATION

Bocking Homes 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 as modified by the revaluation of certain assets.

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

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Investment property

The properties were revalued by the director at the year end. The director believes that the valuation represents an appropriate fair value as at 30 June 2022.

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 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 NIL (2022 - 3 ).

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 July 2022

380

4,772

85,166

3,708

94,026

Additions

-

583

-

967

1,550

At 30 June 2023

380

5,355

85,166

4,675

95,576

DEPRECIATION

At 1 July 2022

240

277

11,315

2,565

14,397

Charge for year

75

1,061

8,516

849

10,501

At 30 June 2023

315

1,338

19,831

3,414

24,898

NET BOOK VALUE

At 30 June 2023

65

4,017

65,335

1,261

70,678

At 30 June 2022

140

4,495

73,851

1,143

79,629

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 July 2022

and 30 June 2023

85,166

DEPRECIATION

At 1 July 2022

11,315

Charge for year

8,516

At 30 June 2023

19,831

NET BOOK VALUE

At 30 June 2023

65,335

At 30 June 2022

73,851

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 July 2022

200

Additions

200

At 30 June 2023

400

NET BOOK VALUE

At 30 June 2023

400

At 30 June 2022

200

Fixed asset investments relate to 100% of the share capital in Bocking Moon Ltd & Valley Road SPV Ltd & 50% of of the share capital in Kirby SPV Ltd, Quarry Hill SPV Ltd, Chinese Hunter SPV Ltd & Bocking Thorpe High St SPV Ltd, companies registered in England & Wales.

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 July 2022

790,000

Additions

262,942

At 30 June 2023

1,052,942

NET BOOK VALUE

At 30 June 2023

1,052,942

At 30 June 2022

790,000

Fair value at 30 June 2023 is represented by:

£

Valuation in 2019

167,474

Cost

885,468

1,052,942

7.

STOCKS

2023

2022

£

£

Stocks

468,607

390,874

8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Trade debtors

-

1,000

Amounts owed by group undertakings

587,879

548,040

Other debtors

5,188

-

VAT

7,069

3,245

Prepayments

24,193

2,991

624,329

555,276

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Bank loans and overdrafts

9,776

9,465

Other loans

150,000

-

Hire purchase contracts

9,451

10,717

Trade creditors

9,411

6,670

Amounts owed to group undertakings

14,195

24,907

Social security and other taxes

-

(299

)

Other creditors

12

5,100

Directors' loan accounts

795,587

753,789

Accruals and deferred income

1,800

21,806

990,232

832,155

10.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2023

2022

£

£

Bank loans - 1-2 years

10,098

84,776

Bank loans - 2-5 years

11,498

342,300

Bank loans more 5 yrs non-inst

1,201,645

592,898

Hire purchase contracts

33,706

41,467

1,256,947

1,061,441

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

1,201,645

592,898

11.	SECURED DEBTS

There are three mortgages of 25 years amounting to £592,898. These are interest only and secured on the properties held by the company with charges registered at Companies House.

12.	PROVISIONS FOR LIABILITIES

2023

2022

£

£

Deferred tax

15,624

13,234

Deferred

tax

£

Balance at 1 July 2022

13,234

Charge to Statement of Income and Retained Earnings during year

2,390

Balance at 30 June 2023

15,624

13.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2023

2022

value:

£

£

100

Ordinary

£1

100

100

14.

RESERVES

The fair value reserve represents the cumulative effect of revaluations of buildings which are revalued to fair value at the reporting date.

15.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is N Marquez Arnedo.