Silverfin false false 31/10/2023 01/11/2022 31/10/2023 Mr A R Procter Mr S A Procter 30/10/2020 31 July 2024 The Principal activity of the company in the year under review was the letting of its freehold property and building. 00823006 2023-10-31 00823006 bus:Director2 2023-10-31 00823006 2022-10-31 00823006 core:CurrentFinancialInstruments 2023-10-31 00823006 core:CurrentFinancialInstruments 2022-10-31 00823006 core:ShareCapital 2023-10-31 00823006 core:ShareCapital 2022-10-31 00823006 core:RetainedEarningsAccumulatedLosses 2023-10-31 00823006 core:RetainedEarningsAccumulatedLosses 2022-10-31 00823006 core:FurtherRelatedPartyRelationshipType2ComponentAllOtherRelatedParties core:CurrentFinancialInstruments 2023-10-31 00823006 core:FurtherRelatedPartyRelationshipType2ComponentAllOtherRelatedParties core:CurrentFinancialInstruments 2022-10-31 00823006 core:CurrentFinancialInstruments 1 2023-10-31 00823006 core:CurrentFinancialInstruments 1 2022-10-31 00823006 bus:OrdinaryShareClass1 2023-10-31 00823006 2022-11-01 2023-10-31 00823006 bus:FilletedAccounts 2022-11-01 2023-10-31 00823006 bus:SmallEntities 2022-11-01 2023-10-31 00823006 bus:AuditExemptWithAccountantsReport 2022-11-01 2023-10-31 00823006 bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 00823006 bus:Director1 2022-11-01 2023-10-31 00823006 bus:Director2 2022-11-01 2023-10-31 00823006 2021-11-01 2022-10-31 00823006 bus:OrdinaryShareClass1 2022-11-01 2023-10-31 00823006 bus:OrdinaryShareClass1 2021-11-01 2022-10-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 00823006 (England and Wales)

BOW-RAIN CONSTRUCTION LIMITED

Unaudited Financial Statements
For the financial year ended 31 October 2023
Pages for filing with the registrar

BOW-RAIN CONSTRUCTION LIMITED

Unaudited Financial Statements

For the financial year ended 31 October 2023

Contents

BOW-RAIN CONSTRUCTION LIMITED

COMPANY INFORMATION

For the financial year ended 31 October 2023
BOW-RAIN CONSTRUCTION LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 October 2023
DIRECTORS Mr A R Procter
Mr S A Procter
SECRETARY Mr S A Procter
REGISTERED OFFICE 318 Torquay Road
Paignton
TQ3 2DZ
England
United Kingdom
COMPANY NUMBER 00823006 (England and Wales)
CHARTERED ACCOUNTANTS Francis Clark LLP
Sigma House
Oak View Close
Edginswell Park
Torquay
TQ2 7FF
BOW-RAIN CONSTRUCTION LIMITED

BALANCE SHEET

As at 31 October 2023
BOW-RAIN CONSTRUCTION LIMITED

BALANCE SHEET (continued)

As at 31 October 2023
Note 2023 2022
£ £
Fixed assets
Investment property 3 400,000 400,000
400,000 400,000
Current assets
Stocks 5,165 36,086
Debtors 4 240,743 246,813
Cash at bank and in hand 173,690 61,683
419,598 344,582
Creditors: amounts falling due within one year 5 ( 247,210) ( 240,395)
Net current assets 172,388 104,187
Total assets less current liabilities 572,388 504,187
Net assets 572,388 504,187
Capital and reserves
Called-up share capital 6 100 100
Profit and loss account 7 572,288 504,087
Total shareholder's funds 572,388 504,187

For the financial year ending 31 October 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Bow-Rain Construction Limited (registered number: 00823006) were approved and authorised for issue by the Board of Directors on 31 July 2024. They were signed on its behalf by:

Mr S A Procter
Director
BOW-RAIN CONSTRUCTION LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 October 2023
BOW-RAIN CONSTRUCTION LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 October 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

Bow-Rain Construction 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 318 Torquay Road, Paignton, TQ3 2DZ, England, United Kingdom.

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 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 and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is stated net of trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Revenue from services is recognised as they are delivered.

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 basis over its expected useful life.

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 is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

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.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 0 2

3. Investment property

Investment property
£
Valuation
As at 01 November 2022 400,000
As at 31 October 2023 400,000

Valuation

The comparison approach was used for all residential properties which involved reviewing recent market evidence from the sales of similar properties during the period.

Historic cost

If the investment properties had been accounted for under the cost accounting rules, the properties would have been measured as follows:

2023 2022
£ £
Historic cost 144,464 144,464

4. Debtors

2023 2022
£ £
Amounts owed by connected companies 240,743 240,743
Corporation tax 0 6,070
240,743 246,813

5. Creditors: amounts falling due within one year

2023 2022
£ £
Amounts owed to connected companies 4,906 3,028
Taxation and social security 19,142 10,766
Other creditors 223,162 226,601
247,210 240,395

6. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100

7. Reserves

Included in the profit and loss account carried forward are non-distributable reserves of £191,652 (2022: £179,536). These reserves represent the cumulative revaluation gains, after provision for deferred tax, on the company's investment property.