Silverfin false 31/03/2023 01/04/2022 31/03/2023 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 2023-03-31 09790147 bus:Director1 2023-03-31 09790147 bus:Director2 2023-03-31 09790147 2022-03-31 09790147 core:CurrentFinancialInstruments 2023-03-31 09790147 core:CurrentFinancialInstruments 2022-03-31 09790147 core:ShareCapital 2023-03-31 09790147 core:ShareCapital 2022-03-31 09790147 core:RetainedEarningsAccumulatedLosses 2023-03-31 09790147 core:RetainedEarningsAccumulatedLosses 2022-03-31 09790147 core:FurnitureFittings 2022-03-31 09790147 core:FurnitureFittings 2023-03-31 09790147 bus:OrdinaryShareClass1 2023-03-31 09790147 bus:OrdinaryShareClass2 2023-03-31 09790147 bus:OrdinaryShareClass3 2023-03-31 09790147 2022-04-01 2023-03-31 09790147 bus:FullAccounts 2022-04-01 2023-03-31 09790147 bus:SmallEntities 2022-04-01 2023-03-31 09790147 bus:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 09790147 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 09790147 bus:Director1 2022-04-01 2023-03-31 09790147 bus:Director2 2022-04-01 2023-03-31 09790147 core:FurnitureFittings 2022-04-01 2023-03-31 09790147 2021-04-01 2022-03-31 09790147 bus:OrdinaryShareClass1 2022-04-01 2023-03-31 09790147 bus:OrdinaryShareClass1 2021-04-01 2022-03-31 09790147 bus:OrdinaryShareClass2 2022-04-01 2023-03-31 09790147 bus:OrdinaryShareClass2 2021-04-01 2022-03-31 09790147 bus:OrdinaryShareClass3 2022-04-01 2023-03-31 09790147 bus:OrdinaryShareClass3 2021-04-01 2022-03-31 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 2023
Pages for filing with the registrar

BOTTCO DEVELOPMENTS LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2023

Contents

BOTTCO DEVELOPMENTS LIMITED

COMPANY INFORMATION

For the financial year ended 31 March 2023
BOTTCO DEVELOPMENTS LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 March 2023
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 2023
BOTTCO DEVELOPMENTS LIMITED

BALANCE SHEET (continued)

As at 31 March 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 331 441
Investment property 4 1,835,000 1,855,000
1,835,331 1,855,441
Current assets
Debtors 5 17,372 14,951
Cash at bank and in hand 170,609 123,139
187,981 138,090
Creditors: amounts falling due within one year 6 ( 1,934,033) ( 1,919,773)
Net current liabilities (1,746,052) (1,781,683)
Total assets less current liabilities 89,279 73,758
Net assets 89,279 73,758
Capital and reserves
Called-up share capital 7 10,000 10,000
Profit and loss account 79,279 63,758
Total shareholders' funds 89,279 73,758

For the financial year ending 31 March 2023 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 2023
BOTTCO DEVELOPMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2023
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, unless otherwise stated.

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 tax rates and laws substantively enacted at the balance sheet date. 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.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including the director 0 0

3. Tangible assets

Fixtures and fittings Total
£ £
Cost
At 01 April 2022 2,370 2,370
At 31 March 2023 2,370 2,370
Accumulated depreciation
At 01 April 2022 1,929 1,929
Charge for the financial year 110 110
At 31 March 2023 2,039 2,039
Net book value
At 31 March 2023 331 331
At 31 March 2022 441 441

4. Investment property

Investment property
£
Valuation
As at 01 April 2022 1,855,000
Fair value movement (20,000)
As at 31 March 2023 1,835,000

The fair value of the company's investment property was determined on 31 March 2023. An independent valuer was not involved. The valuations have been carried out by the director on an open market basis.

5. Debtors

2023 2022
£ £
Trade debtors 10,210 8,948
Other debtors 7,162 6,003
17,372 14,951

6. Creditors: amounts falling due within one year

2023 2022
£ £
Trade creditors 17,837 5,538
Accruals and deferred income 17,043 15,964
Taxation and social security 55,655 34,773
Other creditors 1,843,498 1,863,498
1,934,033 1,919,773

7. Called-up share capital

2023 2022
£ £
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

2023 2022
£ £
Shareholder Loan 1,843,498 1,863,498

This loan is interest free and repayable on demand.