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REGISTERED NUMBER: 01204898 (England and Wales)








UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2023

FOR

BOND HOMES LIMITED

BOND HOMES LIMITED (REGISTERED NUMBER: 01204898)






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




Page

Company information 1

Balance sheet 2

Notes to the financial statements 3

Chartered accountants' report 6

BOND HOMES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 February 2023







DIRECTORS: P A Matthews
Mrs S Prosser





SECRETARY: Mrs P Sobocinski





REGISTERED OFFICE: Bartonsham Farm
Green Street
Hereford
Herefordshire
HR1 2QW





REGISTERED NUMBER: 01204898 (England and Wales)





ACCOUNTANTS: Mitchell Glanville Limited
41 Rodney Road
Cheltenham
Gloucestershire
GL50 1HX

BOND HOMES LIMITED (REGISTERED NUMBER: 01204898)

BALANCE SHEET
28 February 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 17,746 18,218
Investment property 5 1,410,000 1,225,000
1,427,746 1,243,218

CURRENT ASSETS
Debtors 6 517 912
Cash at bank 205,425 196,586
205,942 197,498
CREDITORS
Amounts falling due within one year 7 97,084 113,112
NET CURRENT ASSETS 108,858 84,386
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,536,604

1,327,604

PROVISIONS FOR LIABILITIES 47,302 1,265
NET ASSETS 1,489,302 1,326,339

CAPITAL AND RESERVES
Called up share capital 20,000 20,000
Fair value reserve 8 623,556 484,806
Retained earnings 845,746 821,533
SHAREHOLDERS' FUNDS 1,489,302 1,326,339

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 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 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 Board of Directors and authorised for issue on 20 September 2023 and were signed on its behalf by:





P A Matthews - Director


BOND HOMES LIMITED (REGISTERED NUMBER: 01204898)

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

1. STATUTORY INFORMATION

Bond 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.

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 - 10% on reducing balance

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 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2022
and 28 February 2023 24,829
DEPRECIATION
At 1 March 2022 6,611
Charge for year 472
At 28 February 2023 7,083
NET BOOK VALUE
At 28 February 2023 17,746
At 28 February 2022 18,218

BOND HOMES LIMITED (REGISTERED NUMBER: 01204898)

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

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2022 1,225,000
Revaluations 185,000
At 28 February 2023 1,410,000
NET BOOK VALUE
At 28 February 2023 1,410,000
At 28 February 2022 1,225,000

Fair value at 28 February 2023 is represented by:
£   
Valuation in 2009 264,806
Valuation in 2010 220,000
Valuation in 2017 139,331
Valuation in 2022 185,000
Cost 600,863
1,410,000

If investment property had not been revalued it would have been included at the following historical cost:

2023 2022
£    £   
Cost 600,863 600,863

Investment property was valued on an open market basis on 17 September 2022 by Sunderlands .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 517 912

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 575 -
Taxation and social security 5,738 5,508
Other creditors 90,771 107,604
97,084 113,112

8. RESERVES
Fair
value
reserve
£   
At 1 March 2022 484,806
Investment Property 138,750

At 28 February 2023 623,556

BOND HOMES LIMITED (REGISTERED NUMBER: 01204898)

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

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included within "Other creditors - Amounts falling due within one year" is the director's current account balance of £88,700 (2022 - £105,791).

There are no specific terms of repayment of the loan and no interest is payable thereon.

10. ULTIMATE CONTROLLING PARTY

The Estate of Mr J E Matthews is the ultimate controlling party of the company by virtue of it's 100% holding of the issued share capital.

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
BOND HOMES LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance sheet. Readers are cautioned that the Income statement and certain other primary statements and the Report of the directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Bond Homes Limited for the year ended 28 February 2023 which comprise the Income statement, Balance sheet, Statement of changes in equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Bond Homes Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Bond Homes Limited and state those matters that we have agreed to state to the Board of Directors of Bond Homes Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Bond Homes Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Bond Homes Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Bond Homes Limited. You consider that Bond Homes Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Bond Homes Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Mitchell Glanville Limited
41 Rodney Road
Cheltenham
Gloucestershire
GL50 1HX


20 September 2023