PTP Accounts Productionv23.3.0.41804256335Board of Directors1.4.2231.3.2331.3.23falsetruefalsefalsetruefalseFair value modelOrdinary1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh042563352022-03-31042563352023-03-31042563352022-04-012023-03-31042563352021-03-31042563352021-04-012022-03-31042563352022-03-3104256335ns10:Originalns15:EnglandWales2022-04-012023-03-3104256335ns14:PoundSterlingns10:Original2022-04-012023-03-3104256335ns10:Originalns10:Director12022-04-012023-03-3104256335ns10:Original2022-04-012023-03-3104256335ns10:Original2023-03-3104256335ns10:Originalns10:PrivateLimitedCompanyLtd2022-04-012023-03-3104256335ns10:Originalns10:SmallEntities2022-04-012023-03-3104256335ns10:Originalns10:AuditExempt-NoAccountantsReport2022-04-012023-03-3104256335ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3104256335ns10:SmallCompaniesRegimeForAccountsns10:Original2022-04-012023-03-3104256335ns10:Originalns10:FullAccounts2022-04-012023-03-3104256335ns10:Originalns10:OrdinaryShareClass12022-04-012023-03-3104256335ns10:Originalns10:Director22022-04-012023-03-3104256335ns10:CompanySecretary1ns10:Original2022-04-012023-03-3104256335ns10:Originalns10:RegisteredOffice2022-04-012023-03-3104256335ns10:Original2022-03-3104256335ns10:Originalns5:CurrentFinancialInstruments2023-03-3104256335ns10:Originalns5:CurrentFinancialInstruments2022-03-3104256335ns10:Originalns5:Non-currentFinancialInstruments2023-03-3104256335ns10:Originalns5:Non-currentFinancialInstruments2022-03-3104256335ns5:ShareCapitalns10:Original2023-03-3104256335ns5:ShareCapitalns10:Original2022-03-3104256335ns10:Originalns5:FurtherSpecificReserve3ComponentTotalEquity2023-03-3104256335ns10:Originalns5:FurtherSpecificReserve3ComponentTotalEquity2022-03-3104256335ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-03-3104256335ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-03-3104256335ns10:Original2021-04-012022-03-3104256335ns10:Originalns5:PlantMachinery2022-03-3104256335ns10:Originalns5:PlantMachinery2022-04-012023-03-3104256335ns10:Originalns5:PlantMachinery2023-03-3104256335ns10:Originalns5:PlantMachinery2022-03-3104256335ns10:Originalns5:CostValuation2023-03-3104256335ns10:Originalns5:AdditionsToInvestments2023-03-3104256335ns10:Originalns5:CostValuation2022-03-3104256335ns10:Original2022-03-3104256335ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3104256335ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-03-3104256335ns5:Securedns10:Original2023-03-3104256335ns5:Securedns10:Original2022-03-3104256335ns10:Originalns10:OrdinaryShareClass12023-03-3104256335ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-03-3104256335ns10:Originalns5:FurtherSpecificReserve3ComponentTotalEquity2022-03-3104256335ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-04-012023-03-31

REGISTERED NUMBER: 04256335 (England and Wales)
















Unaudited Financial Statements for the Year Ended 31 March 2023

for


Bowden Properties Limited


Bowden Properties Limited (Registered number: 04256335)







Contents of the Financial Statements

for the Year Ended 31 March 2023





Page



Company Information  

1



Balance Sheet  

2



Notes to the Financial Statements  

4




Bowden Properties Limited


Company Information

for the Year Ended 31 March 2023









DIRECTORS:

N A Marlow


Mrs T E Marlow







SECRETARY:

Mrs T E Marlow







REGISTERED OFFICE:

4 Haddonian Road


Market Harborough


Leicestershire


LE16 9GD







REGISTERED NUMBER:

04256335 (England and Wales)







ACCOUNTANTS:

Langham & Co


4 Haddonian Road


Market Harborough


Leicestershire


LE16 9GD


Bowden Properties Limited (Registered number: 04256335)


Balance Sheet

31 March 2023



31.3.23

31.3.22



Notes

£   

£   

£   

£   


FIXED ASSETS

Tangible assets

4

24,463


32,362



Investments

5

757,629


753,624



Investment property

6

1,330,000


1,330,000



2,112,092


2,115,986




CURRENT ASSETS

Debtors

7

93,370


105,050



Cash at bank

81,718


73,206



175,088


178,256



CREDITORS

Amounts falling due within one year

8

114,089


206,763



NET CURRENT ASSETS/(LIABILITIES)

60,999


(28,507

)


TOTAL ASSETS LESS CURRENT

LIABILITIES

2,173,091


2,087,479




CREDITORS

Amounts falling due after more than one

year

9

(515,532

)

(548,459

)



PROVISIONS FOR LIABILITIES

(94,916

)

(96,417

)


NET ASSETS

1,562,643


1,442,603




CAPITAL AND RESERVES

Called up share capital

11

1


1



Fair value reserve

12

628,681


628,681



Retained earnings

12

933,961


813,921



SHAREHOLDERS' FUNDS

1,562,643


1,442,603




The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.  


The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

Bowden Properties Limited (Registered number: 04256335)


Balance Sheet - continued

31 March 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 Board of Directors and authorised for issue on 24 October 2023 and were signed on its behalf by:






N A Marlow - Director



Bowden Properties Limited (Registered number: 04256335)


Notes to the Financial Statements

for the Year Ended 31 March 2023


1.

STATUTORY INFORMATION



Bowden Properties 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.


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 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.  


Fixtures & fittings - 10% on cost
Motor vehicles - 25% on written down value


Investments in associates


Investments in associate undertakings are recognised at cost.



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 4 (2022 - 4 ) .


Bowden Properties Limited (Registered number: 04256335)


Notes to the Financial Statements - continued

for the Year Ended 31 March 2023


4.

TANGIBLE FIXED ASSETS


Plant and


machinery


etc

£   



COST


At 1 April 2022


and 31 March 2023

86,708




DEPRECIATION


At 1 April 2022

54,346




Charge for year

7,899




At 31 March 2023

62,245




NET BOOK VALUE


At 31 March 2023

24,463




At 31 March 2022

32,362




5.

FIXED ASSET INVESTMENTS



31.3.23


31.3.22

£   

£   



Participating interests

708,016


704,486




Loans to undertakings in which the company

has a participating interest

49,613


49,138



757,629


753,624





Additional information is as follows:


Interest


in


associate

£   



COST


At 1 April 2022

704,486




Additions

3,530




At 31 March 2023

708,016




NET BOOK VALUE


At 31 March 2023

708,016




At 31 March 2022

704,486




Loans to


associates

£   



At 1 April 2022

49,138




New in year

475




At 31 March 2023

49,613




Bowden Properties Limited (Registered number: 04256335)


Notes to the Financial Statements - continued

for the Year Ended 31 March 2023


6.

INVESTMENT PROPERTY


Total

£   



FAIR VALUE


At 1 April 2022


and 31 March 2023

1,330,000




NET BOOK VALUE


At 31 March 2023

1,330,000




At 31 March 2022

1,330,000





Fair value at 31 March 2023 is represented by:

£   



Valuation in 2018

1,610,000




Valuation in 2021

(280,000

)


1,330,000





If the investment properties had not been revalued they would have been included at the following historical cost:



31.3.23


31.3.22

£   

£   



Cost

611,085


611,085





The investment properties were valued on an open market basis on 31 March 2018 by the directors .


7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR



31.3.23


31.3.22

£   

£   



Trade debtors

-


13,881




Other debtors

93,370


91,169



93,370


105,050




8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR



31.3.23


31.3.22

£   

£   



Bank loans and overdrafts

26,140


27,092




Hire purchase contracts

4,447


4,061




Trade creditors

3,521


1,123




Taxation and social security

37,506


30,757




Other creditors

42,475


143,730



114,089


206,763




Bowden Properties Limited (Registered number: 04256335)


Notes to the Financial Statements - continued

for the Year Ended 31 March 2023


9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE

YEAR



31.3.23


31.3.22

£   

£   



Bank loans

500,834


529,314




Hire purchase contracts

14,698


19,145



515,532


548,459




10.

SECURED DEBTS



The following secured debts are included within creditors:



31.3.23


31.3.22

£   

£   



Bank loans

526,974


556,406




11.

CALLED UP SHARE CAPITAL



Allotted, issued and fully paid:


Number:

Class:

Nominal

31.3.23


31.3.22


value:

£   

£   



100

Ordinary

1p

1


1




12.

RESERVES


Fair



Retained


value



earnings


reserve


Totals

£   

£   

£   




At 1 April 2022

813,921


628,681


1,442,602




Profit for the year

127,540


127,540




Dividends

(7,500

)

(7,500

)



At 31 March 2023

933,961


628,681


1,562,642




13.

RELATED PARTY DISCLOSURES



During the year, total dividends of £15,000  were paid to the directors .



During the year the company received management fees of £45,000 (2022: £65,000) from Sub Developments Limited, a company of which Mr N A Marlow is a director. The company also received management fees of £12,400 (2021: £15,580) from Fernie Developments Limited, a company of which Mr N A Marlow and Mrs T E Marlow are directors.


Included in other debtors is an interest free loan of £70,000 to Sub Developments Limited, a company of which Mr N A Marlow is a director.