Silverfin false 31/03/2021 01/04/2020 31/03/2021 Mr G C Howell 12/02/2024 22/03/2019 Mr T T Mccarthy 21/02/2024 17 April 2024 The principal activity of the Company during the financial year was property investment. 09790147 2021-03-31 09790147 bus:Director1 2021-03-31 09790147 bus:Director2 2021-03-31 09790147 2020-03-31 09790147 core:CurrentFinancialInstruments 2021-03-31 09790147 core:CurrentFinancialInstruments 2020-03-31 09790147 core:ShareCapital 2021-03-31 09790147 core:ShareCapital 2020-03-31 09790147 core:RetainedEarningsAccumulatedLosses 2021-03-31 09790147 core:RetainedEarningsAccumulatedLosses 2020-03-31 09790147 core:OtherPropertyPlantEquipment 2020-03-31 09790147 core:OtherPropertyPlantEquipment 2021-03-31 09790147 bus:OrdinaryShareClass1 2021-03-31 09790147 bus:OrdinaryShareClass2 2021-03-31 09790147 bus:OrdinaryShareClass3 2021-03-31 09790147 2020-04-01 2021-03-31 09790147 bus:FullAccounts 2020-04-01 2021-03-31 09790147 bus:SmallEntities 2020-04-01 2021-03-31 09790147 bus:AuditExempt-NoAccountantsReport 2020-04-01 2021-03-31 09790147 bus:PrivateLimitedCompanyLtd 2020-04-01 2021-03-31 09790147 bus:Director1 2020-04-01 2021-03-31 09790147 bus:Director2 2020-04-01 2021-03-31 09790147 2019-04-01 2020-03-31 09790147 core:OtherPropertyPlantEquipment 2020-04-01 2021-03-31 09790147 bus:OrdinaryShareClass1 2020-04-01 2021-03-31 09790147 bus:OrdinaryShareClass1 2019-04-01 2020-03-31 09790147 bus:OrdinaryShareClass2 2020-04-01 2021-03-31 09790147 bus:OrdinaryShareClass2 2019-04-01 2020-03-31 09790147 bus:OrdinaryShareClass3 2020-04-01 2021-03-31 09790147 bus:OrdinaryShareClass3 2019-04-01 2020-03-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 09790147 (England and Wales)

BOTTCO DEVELOPMENTS LIMITED

Unaudited Financial Statements
For the financial year ended 31 March 2021
Pages for filing with the registrar

BOTTCO DEVELOPMENTS LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2021

Contents

BOTTCO DEVELOPMENTS LIMITED

COMPANY INFORMATION

For the financial year ended 31 March 2021
BOTTCO DEVELOPMENTS LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 March 2021
DIRECTOR Mr T T Mccarthy
REGISTERED OFFICE Centenary House Peninsula Park
Rydon Lane
Exeter
EX2 7XE
United Kingdom
COMPANY NUMBER 09790147 (England and Wales)
CHARTERED ACCOUNTANTS Francis Clark LLP
Centenary House
Peninsula Park
Rydon Lane
Exeter
Devon EX2 7XE
BOTTCO DEVELOPMENTS LIMITED

BALANCE SHEET

As at 31 March 2021
BOTTCO DEVELOPMENTS LIMITED

BALANCE SHEET (continued)

As at 31 March 2021
Note 2021 2020
£ £
Fixed assets
Tangible assets 3 588 784
Investment property 4 1,855,000 1,940,000
1,855,588 1,940,784
Current assets
Debtors 5 45,668 41,718
Cash at bank and in hand 143,608 98,503
189,276 140,221
Creditors
Amounts falling due within one year 6 ( 2,005,569) ( 1,979,934)
Net current liabilities (1,816,293) (1,839,713)
Total assets less current liabilities 39,295 101,071
Net assets 39,295 101,071
Capital and reserves
Called-up share capital 7 10,000 10,000
Profit and loss account 29,295 91,071
Total shareholders' funds 39,295 101,071

For the financial year ending 31 March 2021 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Bottco Developments Limited (registered number: 09790147) were approved and authorised for issue by the Director on 17 April 2024. They were signed on its behalf by:

Mr T T Mccarthy
Director
BOTTCO DEVELOPMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2021
BOTTCO DEVELOPMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2021
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year.

General information and basis of accounting

Bottco Developments Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Centenary House Peninsula Park, Rydon Lane, Exeter, EX2 7XE, United Kingdom. The principal place of business is Westpoint House, 32-34 Albert Street, Fleet, GU51 3RW.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council.

The functional currency of Bottco Developments Limited is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of rebates and discounts and after eliminating sales within the company.

Turnover represents rental income which is recognised in the period to which it relates with accrued and deferred income adjusted as necessary.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.

Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a reducing balance over its expected useful life, as follows:

Fixtures and fittings - 25% reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Investment property

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 profit or loss.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

2. Employees

2021 2020
Number Number
Monthly average number of persons employed by the Company during the year, including the director 0 0

3. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 April 2020 2,370 2,370
At 31 March 2021 2,370 2,370
Accumulated depreciation
At 01 April 2020 1,586 1,586
Charge for the financial year 196 196
At 31 March 2021 1,782 1,782
Net book value
At 31 March 2021 588 588
At 31 March 2020 784 784

4. Investment property

Investment property
£
Valuation
As at 01 April 2020 1,940,000
Fair value movement (85,000)
As at 31 March 2021 1,855,000

The fair value of the company's investment property was determined on 31 March 2021. An independent valuer was not involved. The valuations have been carried out by the director on an open market basis.

5. Debtors

2021 2020
£ £
Trade debtors 39,599 35,999
Other debtors 6,069 5,719
45,668 41,718

6. Creditors: amounts falling due within one year

2021 2020
£ £
Trade creditors 6,317 8,723
Accruals and deferred income 28,381 7,059
Taxation and social security 25,373 18,573
Other creditors 1,945,498 1,945,579
2,005,569 1,979,934

7. Called-up share capital

2021 2020
£ £
Allotted, called-up and fully-paid
700 Ordinary A Shares shares of £ 1.00 each 700 700
300 Ordinary B Shares shares of £ 1.00 each 300 300
9,000 Ordinary C Shares shares of £ 1.00 each 9,000 9,000
10,000 10,000

The shares rank pari passu in all respects.

8. Related party transactions

Transactions with the entity's director

2021 2020
£ £
Shareholder Loan 1,945,498 1,945,579

This loan is interest free and repayable on demand.