Caseware UK (AP4) 2023.0.135 2023.0.135 2024-02-292024-02-292023-03-01falseNo description of principal activity11falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13190819 2023-03-01 2024-02-29 13190819 2022-03-01 2023-02-28 13190819 2024-02-29 13190819 2023-02-28 13190819 c:Director1 2023-03-01 2024-02-29 13190819 d:OfficeEquipment 2023-03-01 2024-02-29 13190819 d:OfficeEquipment 2024-02-29 13190819 d:OfficeEquipment 2023-02-28 13190819 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 13190819 d:CurrentFinancialInstruments 2024-02-29 13190819 d:CurrentFinancialInstruments 2023-02-28 13190819 d:CurrentFinancialInstruments d:WithinOneYear 2024-02-29 13190819 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 13190819 d:ShareCapital 2024-02-29 13190819 d:ShareCapital 2023-02-28 13190819 d:RetainedEarningsAccumulatedLosses 2024-02-29 13190819 d:RetainedEarningsAccumulatedLosses 2023-02-28 13190819 c:OrdinaryShareClass1 2023-03-01 2024-02-29 13190819 c:OrdinaryShareClass1 2024-02-29 13190819 c:OrdinaryShareClass1 2023-02-28 13190819 c:FRS102 2023-03-01 2024-02-29 13190819 c:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 13190819 c:FullAccounts 2023-03-01 2024-02-29 13190819 c:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 13190819









BONSAI PROPERTY GROUP LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 29 FEBRUARY 2024

 
BONSAI PROPERTY GROUP LIMITED
REGISTERED NUMBER: 13190819

BALANCE SHEET
AS AT 29 FEBRUARY 2024

29 February
28 February
2024
2023
Note
£
£

Fixed assets
  

Tangible assets
  
323
393

  
323
393

Current assets
  

Debtors: amounts falling due within one year
 5 
-
5,612

Cash at bank and in hand
 6 
2,634
1,601

  
2,634
7,213

Creditors: amounts falling due within one year
 7 
(22,244)
(36,832)

Net current liabilities
  
 
 
(19,610)
 
 
(29,619)

Total assets less current liabilities
  
(19,287)
(29,226)

  

Net liabilities
  
(19,287)
(29,226)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(19,387)
(29,326)

  
(19,287)
(29,226)


Page 1

 
BONSAI PROPERTY GROUP LIMITED
REGISTERED NUMBER: 13190819
    
BALANCE SHEET (CONTINUED)
AS AT 29 FEBRUARY 2024

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 year 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 income statement 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 on 12 June 2024.




Simon Ratcliffe
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
BONSAI PROPERTY GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1.


General information

Bonsai Property Group LImited is a private company limited by shares, registered in the United
Kingdom number 13190819. Its registered office is 69 Gig Lane, Woolston, WA1 4DT.
During the period, the principal activity of the company continued to be that of the provision of property management.

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

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
BONSAI PROPERTY GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

2.Accounting policies (continued)

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment
-
15%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

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.

 
2.6

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.

 
2.7

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.

Page 4

 
BONSAI PROPERTY GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).


4.


Tangible fixed assets







Office equipment

£



Cost or valuation


At 1 March 2023
457



At 29 February 2024

457



Depreciation


At 1 March 2023
65


Charge for the year on owned assets
69



At 29 February 2024

134



Net book value



At 29 February 2024
323



At 28 February 2023
393


5.


Debtors

29 February
28 February
2024
2023
£
£


Other debtors
-
5,612

-
5,612


Page 5

 
BONSAI PROPERTY GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

6.


Cash and cash equivalents

29 February
28 February
2024
2023
£
£

Cash at bank and in hand
2,634
1,601

2,634
1,601



7.


Creditors: Amounts falling due within one year

29 February
28 February
2024
2023
£
£

Other creditors
21,524
36,112

Accruals and deferred income
720
720

22,244
36,832



8.


Share capital

29 February
28 February
2024
2023
£
£
Authorised, allotted, called up and fully paid



100 (2023 - 100) Ordinary shares of £1.00 each
100
100


 
Page 6