Registered number
06347245
Paul Bohane Limited
Filleted Accounts
31 August 2024
Paul Bohane Limited
Registered number: 06347245
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 357,015 357,271
Current assets
Debtors 4 - 657
Cash at bank and in hand 20,061 20,776
20,061 21,433
Creditors: amounts falling due within one year 5 (282,568) (284,222)
Net current liabilities (262,507) (262,789)
Net assets 94,508 94,482
Capital and reserves
Called up share capital 200 200
Revaluation reserve 6 8,243 8,243
Profit and loss account 86,065 86,039
Shareholders' funds 94,508 94,482
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.
Mr P Bohane
Director
Approved by the board on 11 September 2024
Paul Bohane Limited
Notes to the Accounts
for the year ended 31 August 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).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Plant and machinery 25% reducing balance
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
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 - -
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 September 2023 356,250 9,177 365,427
At 31 August 2024 356,250 9,177 365,427
Depreciation
At 1 September 2023 - 8,156 8,156
Charge for the year - 256 256
At 31 August 2024 - 8,412 8,412
Net book value
At 31 August 2024 356,250 765 357,015
At 31 August 2023 356,250 1,021 357,271
4 Debtors 2024 2023
£ £
Other debtors - 657
5 Creditors: amounts falling due within one year 2024 2023
£ £
Other creditors 282,568 284,222
6 Revaluation reserve 2024 2023
£ £
At 1 September 2023 8,243 8,243
At 31 August 2024 8,243 8,243
7 Controlling party
The company is controlled by the directors.
8 Other information
Paul Bohane Limited is a private company limited by shares and incorporated in England. Its registered office is:
3 St. Andrews Meadow
Lyme Regis
Dorset
DT7 3NS
Paul Bohane Limited 06347245 false 2023-09-01 2024-08-31 2024-08-31 VT Final Accounts April 2024 Mr P Bohane No description of principal activity 06347245 2022-09-01 2023-08-31 06347245 core:WithinOneYear 2023-08-31 06347245 core:ShareCapital 2023-08-31 06347245 core:OtherReservesSubtotal 2023-08-31 06347245 core:RetainedEarningsAccumulatedLosses 2023-08-31 06347245 core:RevaluationReserve 2022-08-31 06347245 2023-09-01 2024-08-31 06347245 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 06347245 bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 06347245 bus:Director40 2023-09-01 2024-08-31 06347245 core:LandBuildings 2023-09-01 2024-08-31 06347245 core:PlantMachinery 2023-09-01 2024-08-31 06347245 countries:England 2023-09-01 2024-08-31 06347245 bus:FRS102 2023-09-01 2024-08-31 06347245 bus:FilletedAccounts 2023-09-01 2024-08-31 06347245 2024-08-31 06347245 core:WithinOneYear 2024-08-31 06347245 core:ShareCapital 2024-08-31 06347245 core:OtherReservesSubtotal 2024-08-31 06347245 core:RetainedEarningsAccumulatedLosses 2024-08-31 06347245 core:LandBuildings 2024-08-31 06347245 core:PlantMachinery 2024-08-31 06347245 core:RevaluationReserve 2024-08-31 06347245 2023-08-31 06347245 core:LandBuildings 2023-08-31 06347245 core:PlantMachinery 2023-08-31 06347245 core:RevaluationReserve 2023-08-31 iso4217:GBP xbrli:pure