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REGISTERED NUMBER: 13213089 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2023

FOR

BOWOOD ESTATES LTD

BOWOOD ESTATES LTD (REGISTERED NUMBER: 13213089)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


BOWOOD ESTATES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2023







DIRECTOR: Y Reichman





REGISTERED OFFICE: 10 Glaserton Road
London
N16 5QX





REGISTERED NUMBER: 13213089 (England and Wales)





ACCOUNTANTS: Venitt and Greaves
Chartered Accountants
115 Craven Park Road
South Tottenham
London
N15 6BL

BOWOOD ESTATES LTD (REGISTERED NUMBER: 13213089)

STATEMENT OF FINANCIAL POSITION
28 FEBRUARY 2023

28.2.23 28.2.22
Notes £    £   
FIXED ASSETS
Investment property 4 1,311,607 1,652,050

CURRENT ASSETS
Debtors 5 131,201 30,000
Cash at bank 2,930 8,627
134,131 38,627
CREDITORS
Amounts falling due within one year 6 (554,943 ) (467,829 )
NET CURRENT LIABILITIES (420,812 ) (429,202 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

890,795

1,222,848

CREDITORS
Amounts falling due after more than one
year

7

(925,614

)

(1,270,613

)
NET LIABILITIES (34,819 ) (47,765 )

CAPITAL AND RESERVES
Called up share capital 9 3 3
Retained earnings 10 (34,822 ) (47,768 )
SHAREHOLDERS' FUNDS (34,819 ) (47,765 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

BOWOOD ESTATES LTD (REGISTERED NUMBER: 13213089)

STATEMENT OF FINANCIAL POSITION - continued
28 FEBRUARY 2023


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 and authorised for issue on 16 October 2023 and were signed by:





Y Reichman - Director


BOWOOD ESTATES LTD (REGISTERED NUMBER: 13213089)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

1. STATUTORY INFORMATION

Bowood Estates Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover
Turnover represents net rent receivable, excluding value added tax.

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.

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2022 1,652,050
Additions 671,505
Disposals (1,011,948 )
At 28 February 2023 1,311,607
NET BOOK VALUE
At 28 February 2023 1,311,607
At 28 February 2022 1,652,050

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Other debtors 131,201 30,000

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Other creditors 553,263 467,109
Accrued expenses 1,680 720
554,943 467,829

BOWOOD ESTATES LTD (REGISTERED NUMBER: 13213089)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.2.23 28.2.22
£    £   
Bank loans more 5 yrs non-inst 925,614 1,270,613

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 925,614 1,270,613

8. SECURED DEBTS

The following secured debts are included within creditors:

28.2.23 28.2.22
£    £   
Bank loans 925,614 1,270,613

Long term bank loan is secured by first charge over the company's investment property and bear interest at variable rates.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 28.2.23 28.2.22
value: £    £   
3 Ordinary £1 3 3

10. RESERVES
Retained
earnings
£   

At 1 March 2022 (47,768 )
Profit for the year 12,946
At 28 February 2023 (34,822 )

11. ULTIMATE CONTROLLING PARTY

The controlling party is Y Reichman.