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REGISTERED NUMBER: 01303449 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH APRIL 2024

FOR

BOWNESS PROPERTIES LTD

BOWNESS PROPERTIES LTD (REGISTERED NUMBER: 01303449)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BOWNESS PROPERTIES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH APRIL 2024







DIRECTORS: Mrs A M Todd
Mr P R Blackett
Ms J M Todd
Ms C J Todd



SECRETARY: Ms J M Todd



REGISTERED OFFICE: c/o Blackett Hart & Pratt
Westgate House
Faverdale
Darlington
Co. Durham
DL3 0PZ



REGISTERED NUMBER: 01303449 (England and Wales)



ACCOUNTANTS: Sanders Swinbank Limited
Chartered Accountants and Business Advisers
North Point
Faverdale North
Darlington
Co. Durham
DL3 0PH



BANKERS: Barclays Bank Plc
49 High Street
Stockton on Tees
Cleveland
TS18 1AH



SOLICITORS: Blackett Hart & Pratt
Westgate House
Faverdale Road
Darlington
Co Durham
DL3 0PZ

BOWNESS PROPERTIES LTD (REGISTERED NUMBER: 01303449)

BALANCE SHEET
30TH APRIL 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Investment property 4 1,840,220 1,255,038

CURRENT ASSETS
Cash at bank 615,505 1,206,336

CREDITORS
Amounts falling due within one year 5 18,212 26,234
NET CURRENT ASSETS 597,293 1,180,102
TOTAL ASSETS LESS CURRENT LIABILITIES 2,437,513 2,435,140

CREDITORS
Amounts falling due after more than one year 6 (707,669 ) (708,384 )

PROVISIONS FOR LIABILITIES (134,222 ) (134,222 )
NET ASSETS 1,595,622 1,592,534

CAPITAL AND RESERVES
Called up share capital 7 80 80
Fair value reserve 8 572,211 572,211
Retained earnings 1,023,331 1,020,243
SHAREHOLDERS' FUNDS 1,595,622 1,592,534

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps 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 Sections 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.

BOWNESS PROPERTIES LTD (REGISTERED NUMBER: 01303449)

BALANCE SHEET - continued
30TH APRIL 2024


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21st August 2024 and were signed on its behalf by:





Ms J M Todd - Director


BOWNESS PROPERTIES LTD (REGISTERED NUMBER: 01303449)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH APRIL 2024

1. STATUTORY INFORMATION

Bowness Properties Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover represents rental income receivable excluding value added tax.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INVESTMENT PROPERTY
Total
£
FAIR VALUE
At 1st May 2023 1,255,038
Additions 585,182
At 30th April 2024 1,840,220
NET BOOK VALUE
At 30th April 2024 1,840,220
At 30th April 2023 1,255,038

Fair value at 30th April 2024 is represented by:
£
Valuation in 1991 565,870
Valuation in 2017 140,564
Cost 1,133,786
1,840,220

BOWNESS PROPERTIES LTD (REGISTERED NUMBER: 01303449)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2024

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Taxation and social security 5,390 6,264
Other creditors 12,822 19,970
18,212 26,234

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£ £
Other creditors 707,669 708,384

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
80 Ordinary 1 80 80

8. RESERVES
Fair value
reserve
£
At 1st May 2023
and 30th April 2024 572,211

9. RELATED PARTY DISCLOSURES

Loan from a director and shareholder in the company £0 (2023:-£2,332)


Loan from a shareholder in the company £707,669 (2023:-£706,052)