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Bono Properties Limited
Registered Number:02514659
For the year ended 31 December 2023
England and Wales
Report of the Directors and Unaudited Financial Statements
2
For the year ended 31 December 2023
Bono Properties Limited
Contents Page
1
Directors' Report
2
Income Statement
3
Statement of Financial Position
4 to 5
Notes to the Financial Statements
3
For the year ended 31 December 2023
Bono Properties Limited
Directors' Report
The directors present their report and accounts for the year ended 31 December 2023.
Principal activities
The principal activity of the company continued to be that of managing the properties of client companies. The Company proposes to continue and develop these activities.
Directors
The directors who served the company throughout the year were as follows:
Erika Ansar
Hanah Willmott
Ambareen Rushd
Hanah Willmott
Signed on behalf of the board of directors
This report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.
Date:
24 June 2024
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4
For the year ended 31 December 2023
Bono Properties Limited
Income Statement
2022
£
2023
£
Notes
Turnover
8,000
7,500
2
7,500
Gross profit
8,000
Administrative expenses
(5,237)
(5,037)
Operating profit
2,763
2,463
2,763
2,463
Profit before taxation
(525)
(468)
Taxation
2,238
Profit for the financial year
1,995
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5
Registered Number :
02514659
As at 31 December 2023
Bono Properties Limited
Statement of Financial Position
£
£
2022
2023
Notes
Current assets
Trade and other receivables
9,000
9,600
3
64,961
Cash and cash equivalents
62,156
71,756
73,961
Trade and other payables: amounts falling due within one
year
(15,980)
(11,537)
4
57,981
60,219
Net current assets
Total assets less current liabilities
60,219
57,981
60,219
Net assets
57,981
Capital and reserves
Called up share capital
1,000
1,000
Retained earnings
59,219
56,981
60,219
57,981
Shareholders' funds
For the year ended 31 December 2023 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
Hanah Willmott
These financial statements were approved and authorised for issue by the Board on 24 June 2024 and were signed by:
The notes form part of these financial statements
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For the year ended 31 December 2023
Bono Properties Limited
Notes to the Financial Statements
Statutory Information
Bono Properties Limited is a private limited company, limited by shares, domiciled in England and Wales, registration
number 02514659.
Registered address:
Interpark House, 4th Floor
7 Down Street, London
W1J 7AJ
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2. Turnover
All turnover and profit on ordinary activities has been generated from the property management services and amounts to £8,000 (£7,500 in 2022). There is no relevant geographical analysis of turnover. The profit on ordinary activities before taxation amounted to £2,763 (£2,463 in 2022).
3. Trade and other receivables
2022
2023
£
£
Trade debtors
9,600
9,000
4. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Trade creditors
1
1
Taxation and social security
2,125
1,968
Other creditors
9,411
14,011
11,537
15,980
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For the year ended 31 December 2023
Bono Properties Limited
Notes to the Financial Statements Continued
5. Reserves
Retained Earnings B/Fwd = £56,981
Profit for the Y/E 31.12.23 = £2,238
Retained Earnings C/Fwd = £59,219
Profit and loss, retained earnings comprise of the above.
6. Related party transactions
Aires Corp N.V a company incorporated in Curacao owns 100% shares of Bono Properties Limited. There were no
related party transactions.
Client Accounts (designated bank accounts):
Net balances from the rents received and expenses incured on client companies and/or individual clients are held in
separate designated client bank accounts, and are not shown in these financial statements as they are held in trust
for the clients and do not belong to Bono Properties Limited.
7. Average number of persons employed
During the year the average number of employees was 2 (2022 : 2)
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