Bono Properties Number Two Limited |
Registered Number:03405275 |
For the year ended 31 December 2023
England and Wales
Report of the Directors and Unaudited Financial Statements
For the year ended 31 December 2023
Bono Properties Number Two Limited
Contents Page
1
Directors' Report
2
Income Statement
3
Statement of Financial Position
4 to 5
Notes to the Financial Statements
For the year ended 31 December 2023
Bono Properties Number Two Limited
Directors' Report
The director presents his report and accounts for the year ended 31 December 2023.
The principal activity of the company continued to be that of real estate property management.
Directors
The director who served the company throughout the year was as follows:
Erika Ansar
Hanah Willmott
Ambareen Rushd
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. |
24 June 2024
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For the year ended 31 December 2023
Bono Properties Number Two Limited
Income Statement
2022
2023
335,516
285,551
2
285,551
Gross profit
335,516
(279,182)
(280,488)
Operating profit
56,334
5,063
56,334
5,063
Profit before taxation
(11,069)
(962)
45,265
Profit for the financial year
4,101
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Bono Properties Number Two Limited
Statement of Financial Position
2022
2023
217,138
217,138
3
217,138
217,138
Trade and other receivables |
81,089
74,472
4
126,231
Cash and cash equivalents |
191,901
266,373
207,320
Trade and other payables: amounts falling due within one |
year |
(111,648)
(125,436)
5
95,672
140,937
Net current assets
Total assets less current liabilities |
358,075
312,810
Trade and other payables: amounts falling due after more |
than one year |
(100,000)
(100,000)
6
258,075
Net assets
212,810
2
2
258,073
212,808
258,075
212,810
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 director acknowledges his 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. |
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 Number Two Limited
Notes to the Financial Statements
Statutory Information
Bono Properties Number Two Limited is a private limited company, limited by shares, domiciled in England and Wales, |
registration number 03405275. |
Interpark House, 4th Floor
7 Down Street, London
W1J 7AJ
The presentation currency is £ sterling. |
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. |
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
All turnover and profit on ordinary activities has been generated from the property management services and amounts to £335,516 (£285,552 in 2022). There is no relevant geographical analysis of turnover. The profit on ordinary activities before taxation amounted to £56,334 (£5,063 in 2022). |
3. Investments held as fixed assets |
217,138
217,138
217,138
217,138
217,138
217,138
217,138
217,138
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For the year ended 31 December 2023
Bono Properties Number Two Limited
Notes to the Financial Statements Continued
4. Trade and other receivables |
2022
2023
74,472
81,089
5. Trade and other payables: amounts falling due within one year |
2022
2023
Amounts owed to group undertaking and undertaking in which the |
company has a participating interest |
102,515
102,515
Taxation and social security |
15,555
3,933
7,366
5,200
125,436
111,648
6. Trade and other payables: amounts falling due after more than one year |
2022
2023
100,000
100,000
Retained Earnings B/Fwd = £212,808 |
Profit for the Y/E 31.12.23 = £45,265 |
Retained Earnings C/Fwd = £258,073 |
Profit and loss, retained earnings comprise of the above. |
8. Average number of persons employed |
During the year the average number of employees was 8 (2022 : 8)
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