Registered number
02647811
David Bottomley Properties Limited
Unaudited Filleted Accounts
30 April 2024
David Bottomley Properties Limited
Registered number: 02647811
Balance Sheet as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 503,633 507,516
Current assets
Debtors 4 106,207 168
Cash at bank and in hand 98,255 247,678
204,462 247,846
Creditors: amounts falling due within one year 5 (16,976) (25,949)
Net current assets 187,486 221,897
Total assets less current liabilities 691,119 729,413
Creditors: amounts falling due after more than one year 6 (5,050) (9,309)
Provisions for liabilities (35,781) -
Net assets 650,288 720,104
Capital and reserves
Called up share capital 100 100
Profit and loss account 650,188 720,004
Shareholder's funds 650,288 720,104
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
David Bottomley
Director
Approved by the board on 20 August 2024
David Bottomley Properties Limited
Notes to the Accounts for the year ended 30 April 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Masts and hoardings over 20 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 May 2023 573,544 65,501 639,045
At 30 April 2024 573,544 65,501 639,045
Depreciation
At 1 May 2023 66,028 65,501 131,529
Charge for the year 3,883 - 3,883
At 30 April 2024 69,911 65,501 135,412
Net book value
At 30 April 2024 503,633 - 503,633
At 30 April 2023 507,516 - 507,516
4 Debtors 2024 2023
£ £
Director's loan account 106,018 -
Prepayments 189 168
106,207 168
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 8,804 6,672
Taxation and social security costs 6,573 6,671
Other creditors 1,599 12,606
16,976 25,949
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 5,050 9,309
7 Loans to directors
B/fwd Paid Repaid C/fwd
£ £ £ £
David bottomley 9,835 174,353 58,500 106,018
9,835 174,353 58,500 106,018
8 Other information
David Bottomley Properties Limited is a private company limited by shares and incorporated in England. Its registered office is:
Longcroft
Ulveston
Cumbria
LA12 8AE
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