Company Registration No. 13954496 (England and Wales)
BOKKIE PROPERTIES OS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023
PAGES FOR FILING WITH REGISTRAR
BOKKIE PROPERTIES OS LIMITED
COMPANY INFORMATION
Directors
Ms M Snyman-Harvey
(Appointed 4 March 2022)
Dr C L McIntyre
(Appointed 4 March 2022)
Company number
13954496
Registered office
27 St Neots Road
Harwick
Cambridge
Cambridgeshire
CB23 7QH
Accountants
Property Tax People Limited
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
Bankers
Metro Bank Plc
1 Southampton Row
London
WC1B 5HA
BOKKIE PROPERTIES OS LIMITED
CONTENTS
Page
Accountants' report
1
Balance sheet
2
Notes to the financial statements
3 - 5
BOKKIE PROPERTIES OS LIMITED
ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF BOKKIE PROPERTIES OS LIMITED FOR THE PERIOD ENDED 31 MARCH 2023
- 1 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Bokkie Properties OS Limited for the period ended 31 March 2023 which comprise, the balance sheet 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 at http://www.icaew.com/en/members/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Bokkie Properties OS 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 Bokkie Properties OS Limited and state those matters that we have agreed to state to the Board of Directors of Bokkie Properties OS Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Bokkie Properties OS Limited and its Board of Directors as a body, for our work or for this report.

It is your duty to ensure that Bokkie Properties OS 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 loss of Bokkie Properties OS Limited. You consider that Bokkie Properties OS Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Bokkie Properties OS 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.

Property Tax People Limited
28 November 2023
Chartered Accountants
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
BOKKIE PROPERTIES OS LIMITED
BALANCE SHEET
AS AT
31 MARCH 2023
31 March 2023
- 2 -
2023
Notes
£
£
Fixed assets
Investment properties
3
281,544
Current assets
Debtors
4
15,117
Cash at bank and in hand
430
15,547
Creditors: amounts falling due within one year
5
(321,463)
Net current liabilities
(305,916)
Total assets less current liabilities
(24,372)
Capital and reserves
Called up share capital
7
100
Profit and loss reserves
(24,472)
Total equity
(24,372)

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial period ended 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 28 November 2023 and are signed on its behalf by:
Ms M Snyman-Harvey
Dr C L McIntyre
Director
Director
Company Registration No. 13954496
BOKKIE PROPERTIES OS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023
- 3 -
1
Accounting policies
Company information

Bokkie Properties OS Limited is a private company limited by shares incorporated in England and Wales. The registered office is 27 St Neots Road, Harwick, Cambridge, Cambridgeshire, CB23 7QH.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2
Going concern

These financial statements have been drawn up on the going concern basis. If the going concern basis were not appropriate, adjustments would have been made to reduce assets to recoverable amounts, to provide for any further liabilities that might arise, and to re-classify fixed assets as current assets and long term liabilities as current liabilities.

1.3
Investment properties

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. The surplus or deficit on revaluation is recognised in other reserves.

1.4
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

BOKKIE PROPERTIES OS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2023
1
Accounting policies
(Continued)
- 4 -
1.5
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease asset are consumed.

2
Employees

The average monthly number of persons (including directors) employed by the company during the period was 2.

3
Investment property
2023
£
Fair value
At 4 March 2022
-
0
Additions
281,544
At 31 March 2023
281,544

The directors have assessed the market value of the property and consider that there has been no significant change in the market value at the year end.

4
Debtors
2023
Amounts falling due within one year:
£
Other debtors
9,377
Deferred tax asset
5,740
15,117
5
Creditors: amounts falling due within one year
2023
£
Bank loans and overdrafts
164,500
Other creditors
156,963
321,463
BOKKIE PROPERTIES OS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2023
- 5 -
6
Secured debts
The following secured debts are included within creditors:
2023
£
Bank loans
164,500
Bank loans are secured by way of a fixed and floating charge over all assets of the company.
7
Called up share capital
2023
£
Ordinary share capital
Issued and fully paid
50 Ordinary A of £1 each
50
50 Ordinary B of £1 each
50
100

The following shares were allotted and fully paid for cash at par during the period:

 

50 Ordinary A of £1 each

50 Ordinary B of £1 each

8
Ultimate controlling party

There is no ultimate controlling party.

9
Comparatives

This is the company's first period of trade, therefore there are no comparatives.

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