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Registration number: 13903802

Bond & County Ltd

Annual Report and Unaudited Financial Statements

for the Period from 9 February 2022 to 30 April 2023

 

Bond & County Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Bond & County Ltd

Company Information

Directors

Miss Bregeta Bond Cunningham

Mr Myles Vigar Bond

Mr Josiah Nicholas Bond

Registered office

Fairholm
High Street
Littleton
BS39 6JD

Accountants

RiverView Portfolio Limited
1 Market Hill
Calne
Wiltshire
SN11 0BT

 

Bond & County Ltd

(Registration number: 13903802)
Balance Sheet as at 30 April 2023

Note

2023
£

Fixed assets

 

Tangible assets

5

5,250

Investment property

6

285,000

 

290,250

Current assets

 

Debtors

7

8,130

Cash at bank and in hand

 

14,709

 

22,839

Total assets less current liabilities

 

313,089

Creditors: Amounts falling due after more than one year

8

(317,865)

Net liabilities

 

(4,776)

Capital and reserves

 

Called up share capital

300

Retained earnings

(5,076)

Shareholders' deficit

 

(4,776)

For the financial period ending 30 April 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 20 October 2023 and signed on its behalf by:
 

.........................................
Miss Bregeta Bond Cunningham
Director

 

Bond & County Ltd

Notes to the Unaudited Financial Statements for the Period from 9 February 2022 to 30 April 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Fairholm
High Street
Littleton
BS39 6JD

These financial statements were authorised for issue by the Board on 20 October 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office Equipment

25% Straight Line

Plant & Machinery

25% Straight Line

 

Bond & County Ltd

Notes to the Unaudited Financial Statements for the Period from 9 February 2022 to 30 April 2023 (continued)

2

Accounting policies (continued)

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 0.

4

Loss/profit before tax

Arrived at after charging/(crediting)

2023
£

Depreciation expense

1,750

 

Bond & County Ltd

Notes to the Unaudited Financial Statements for the Period from 9 February 2022 to 30 April 2023 (continued)

5

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

Additions

7,000

7,000

At 30 April 2023

7,000

7,000

Depreciation

Charge for the period

1,750

1,750

At 30 April 2023

1,750

1,750

Carrying amount

At 30 April 2023

5,250

5,250

6

Investment properties

2023
£

Additions

292,636

Fair value adjustments

(7,636)

At 30 April

285,000

There has been no valuation of investment property by an independent valuer.

7

Debtors

Current

2023
£

Trade debtors

200

Prepayments

370

Other debtors

7,560

 

8,130

 

Bond & County Ltd

Notes to the Unaudited Financial Statements for the Period from 9 February 2022 to 30 April 2023 (continued)

8

Creditors

Creditors: amounts falling due after more than one year

Note

2023
£

Due after one year

 

Loans and borrowings

9

317,865

9

Loans and borrowings

2023
£

Non-current loans and borrowings

Other borrowings

317,865