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REGISTERED NUMBER: 02177734 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 MAY 2023

FOR

BONMARK PROPERTIES LIMITED

BONMARK PROPERTIES LIMITED (REGISTERED NUMBER: 02177734)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023




Page

Company Information 1

Chartered Certified Accountants' Report 2

Statement of Financial Position 3

Notes to the Financial Statements 5


BONMARK PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2023







DIRECTOR: A M Hitchcock





REGISTERED OFFICE: Abbey House
51 High Street
Saffron Walden
Essex
CB10 1AF





REGISTERED NUMBER: 02177734 (England and Wales)





ACCOUNTANTS: Bentens
Chartered Certified Accountants
Abbey House
51 High Street
Saffron Walden
Essex
CB10 1AF

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
BONMARK PROPERTIES LIMITED

The following reproduces the text of the report prepared for the director 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 Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director 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 Bonmark Properties Limited for the year ended 31 May 2023 which comprise the Income Statement, Statement of Financial Position 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Bonmark Properties Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Bonmark Properties Limited and state those matters that we have agreed to state to the director of Bonmark Properties Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Bonmark Properties 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 Bonmark Properties Limited. You consider that Bonmark Properties 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 Bonmark Properties 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.






Bentens
Chartered Certified Accountants
Abbey House
51 High Street
Saffron Walden
Essex
CB10 1AF


25 October 2023

BONMARK PROPERTIES LIMITED (REGISTERED NUMBER: 02177734)

STATEMENT OF FINANCIAL POSITION
31 MAY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,191 4,175
Investment property 5 1,023,210 1,023,210
1,029,401 1,027,385

CURRENT ASSETS
Cash at bank 23,952 50,272

CREDITORS
Amounts falling due within one year 6 182,030 247,914
NET CURRENT LIABILITIES (158,078 ) (197,642 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

871,323

829,743

PROVISIONS FOR LIABILITIES 7 47,209 47,209
NET ASSETS 824,114 782,534

CAPITAL AND RESERVES
Called up share capital 8 100 100
Fair value reserve 9 372,201 372,201
Retained earnings 9 451,813 410,233
SHAREHOLDERS' FUNDS 824,114 782,534

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

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

BONMARK PROPERTIES LIMITED (REGISTERED NUMBER: 02177734)

STATEMENT OF FINANCIAL POSITION - continued
31 MAY 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 24 October 2023 and were signed by:





A M Hitchcock - Director


BONMARK PROPERTIES LIMITED (REGISTERED NUMBER: 02177734)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

1. STATUTORY INFORMATION

Bonmark 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.

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 comprises the ground rents, assignment fees and commissions receivable by the company.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 ) .

BONMARK PROPERTIES LIMITED (REGISTERED NUMBER: 02177734)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 June 2022 6,657 1,024 7,681
Additions 4,080 - 4,080
At 31 May 2023 10,737 1,024 11,761
DEPRECIATION
At 1 June 2022 2,482 1,024 3,506
Charge for year 2,064 - 2,064
At 31 May 2023 4,546 1,024 5,570
NET BOOK VALUE
At 31 May 2023 6,191 - 6,191
At 31 May 2022 4,175 - 4,175

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2022
and 31 May 2023 1,023,210
NET BOOK VALUE
At 31 May 2023 1,023,210
At 31 May 2022 1,023,210

The Investment Property has been valued on an open market basis by Mr A M Hitchcock the director of the company.

Fair value at 31 May 2023 is represented by:
£   
Valuation in 2015 262,201
Valuation in 2016 28,000
Valuation in 2017 120,000
Valuation in 2020 (38,000 )
Cost 651,009
1,023,210

BONMARK PROPERTIES LIMITED (REGISTERED NUMBER: 02177734)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Corporation tax 9,773 13,193
Directors' current accounts 170,853 221,341
Accrued expenses 1,404 13,380
182,030 247,914

7. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 47,209 47,209

Deferred
tax
£   
Balance at 1 June 2022 47,209
Balance at 31 May 2023 47,209

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

9. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 June 2022 410,233 372,201 782,434
Profit for the year 43,580 - 43,580
Dividends (2,000 ) - (2,000 )
At 31 May 2023 451,813 372,201 824,014

The fair value reserve represents the excess of the valuation of the freehold property over original cost.

10. ULTIMATE CONTROLLING PARTY

The controlling party is A M Hitchcock by virtue of his ownership of 100% of the issued share capital of the company.