Caseware UK (AP4) 2022.0.179 2022.0.179 2023-07-312023-07-31No description of principal activityfalse2022-05-011falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 14055665 2022-04-30 14055665 2022-05-01 2023-07-31 14055665 2021-05-01 2022-04-30 14055665 2023-07-31 14055665 c:Director1 2022-05-01 2023-07-31 14055665 d:FreeholdInvestmentProperty 2022-05-01 2023-07-31 14055665 d:FreeholdInvestmentProperty 2023-07-31 14055665 d:CurrentFinancialInstruments 2023-07-31 14055665 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 14055665 d:ShareCapital 2023-07-31 14055665 d:RetainedEarningsAccumulatedLosses 2023-07-31 14055665 c:OrdinaryShareClass1 2022-05-01 2023-07-31 14055665 c:OrdinaryShareClass1 2023-07-31 14055665 c:FRS102 2022-05-01 2023-07-31 14055665 c:AuditExempt-NoAccountantsReport 2022-05-01 2023-07-31 14055665 c:FullAccounts 2022-05-01 2023-07-31 14055665 c:PrivateLimitedCompanyLtd 2022-05-01 2023-07-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 14055665









BIONIC BULL PROPERTIES LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 JULY 2023

 
BIONIC BULL PROPERTIES LIMITED
REGISTERED NUMBER: 14055665

BALANCE SHEET
AS AT 31 JULY 2023

2023
Note
£

Fixed assets
  

Investment property
 4 
350,497

  
350,497

Current assets
  

Debtors: amounts falling due within one year
  
527

Cash at bank and in hand
 6 
259

  
786

Creditors: amounts falling due within one year
 7 
(328,280)

Net current (liabilities)/assets
  
 
 
(327,494)

Total assets less current liabilities
  
23,003

  

Net assets
  
23,003


Capital and reserves
  

Called up share capital 
 8 
1

Profit and loss account
  
23,002

  
23,003


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




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BIONIC BULL PROPERTIES LIMITED
REGISTERED NUMBER: 14055665
    
BALANCE SHEET (CONTINUED)
AS AT 31 JULY 2023

Mehmet Ozdil
Director

Date: 18 January 2024

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
BIONIC BULL PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2023

1.


General information

Bionic Bull Properties Limited is a private company limited by share capital, Incorporated in England and Wales, registration number 14055665. The address of the registered office is 30 Church Road, Hertford, Hertfordshire, England, SG14 3DP. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Rental income from investment properties is recognised on a straight-line basis over the term of the lease. The revenue recognition commences when the tenant take possession or controls the physical use of the lease space.

 
2.3

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.4

Investment property

Investment property is carried at fair value determined annually by the director and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.5

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance Sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried
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BIONIC BULL PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2023

2.Accounting policies (continued)


2.5
Financial instruments (continued)

at their amortised cost using the effective interest method, less any provision for impairment, 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.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Impairment of financial assets

Financial assets are assessed for indicators of impairment at each reporting date. 

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

Financial liabilities

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

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

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

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Page 4

 
BIONIC BULL PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2023

2.Accounting policies (continued)


2.5
Financial instruments (continued)

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the period was 1.


4.


Investment property


Freehold investment property

£



Valuation


Additions at cost
350,497



At 31 July 2023
350,497

The 2023 valuations were made by the Director, on a fair value basis.





5.


Debtors

2023
Page 5

 
BIONIC BULL PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2023

5.Debtors (continued)

£


Other debtors
527

527



6.


Cash and cash equivalents

2023
£

Cash at bank and in hand
259

259



7.


Creditors: Amounts falling due within one year

2023
£

Trade creditors
60

Amounts owed to group undertakings
322,855

Corporation tax
4,565

Accruals and deferred income
800

328,280



8.


Share capital

2023
£
Allotted, called up and fully paid


100 Ordinary shares of £0.01 each
1


100 Ordinary shares of £0.01 each have been allotted, called up and fully paid in the period.


9.


Related party transactions

Included within Creditors due within less than 1 year is a loan amount of £322,855 due to a company under common control. The loan is unsecured, free of interest and repayable on demand. 

Page 6

 
BIONIC BULL PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2023

10.


Controlling party

The ultimate parent company Bionic Bull Holdings Limited, a company registered in England and Wales. The ultimate controlling party is Mr Mehmet Ozdil as the majority shareholder of Bionic Bull Holdings Ltd in the current period.
The registered office of Bionic Bull Holdings Limited is 30 Church Road, Hertford, England, SG14 3DP.

 
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