REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 JANUARY 2024 |
FOR |
BUMBA ZONKIE LIMITED |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 JANUARY 2024 |
FOR |
BUMBA ZONKIE LIMITED |
BUMBA ZONKIE LIMITED (REGISTERED NUMBER: 03781083) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 JANUARY 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
BUMBA ZONKIE LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 31 JANUARY 2024 |
DIRECTOR: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
1 Langley Court |
Pyle Street |
Newport |
Isle of Wight |
PO30 1LA |
BUMBA ZONKIE LIMITED (REGISTERED NUMBER: 03781083) |
BALANCE SHEET |
31 JANUARY 2024 |
2024 | 2023 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
7 |
( |
) |
( |
) |
PROVISIONS FOR LIABILITIES | 10 | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 11 |
Retained earnings |
SHAREHOLDERS' FUNDS |
The director acknowledges his 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. |
BUMBA ZONKIE LIMITED (REGISTERED NUMBER: 03781083) |
BALANCE SHEET - continued |
31 JANUARY 2024 |
In accordance with Section 444 of the Companies Act 2006, the Profit and loss account has not been delivered. |
The financial statements were approved by the director and authorised for issue on |
BUMBA ZONKIE LIMITED (REGISTERED NUMBER: 03781083) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 JANUARY 2024 |
1. | STATUTORY INFORMATION |
Bumba Zonkie Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Turnover represents invoiced rental income. The underlying property is not opted for tax therefore VAT is not chargeable on the rental income. |
Tangible fixed assets |
Long leasehold | - |
Fixtures and fittings | - |
Motor vehicles | - |
Computer equipment | - |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
Current or deferred taxation assets and liabilities are not discounted. |
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. |
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. |
Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
BUMBA ZONKIE LIMITED (REGISTERED NUMBER: 03781083) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 JANUARY 2024 |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | TANGIBLE FIXED ASSETS |
Fixtures |
Long | Improvements | and |
leasehold | to property | fittings |
£ | £ | £ |
COST |
At 1 February 2023 |
Additions |
At 31 January 2024 |
DEPRECIATION |
At 1 February 2023 |
Charge for year |
At 31 January 2024 |
NET BOOK VALUE |
At 31 January 2024 |
At 31 January 2023 |
Motor | Computer |
vehicles | equipment | Totals |
£ | £ | £ |
COST |
At 1 February 2023 |
Additions |
At 31 January 2024 |
DEPRECIATION |
At 1 February 2023 |
Charge for year |
At 31 January 2024 |
NET BOOK VALUE |
At 31 January 2024 |
At 31 January 2023 |
Improvements to property represents site improvement work carried out on the Dunkirk property, and asbestos management and dilapidation work carried out on the Canterbury site. |
BUMBA ZONKIE LIMITED (REGISTERED NUMBER: 03781083) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 JANUARY 2024 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Trade debtors |
Amounts owed by associates |
Prepayments |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Bank loans and overdrafts |
Amounts owed to associates | - | 4,872 |
Tax |
Other creditors |
Directors' current accounts | 11,573 | 892 |
Accruals and deferred income |
Other creditors consists of an amount due of £1,000 (2023: £1,000) in relation to rent deposit received from Grindall Limited, also an amount due of £2,752 (2023: £18) in relation to credit card liability, an amount due of £536 (2023: £Nil) and a rent provision of £30,000 (2023: £Nil). |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2024 | 2023 |
£ | £ |
Bank loans - 1-2 years |
Bank loans - 2-5 years |
Bank loans more than 5 yrs |
Amounts falling due in more than five years: |
Repayable by instalments |
Bank loans more than 5 yrs | 5,632 | 9,870 |
8. | LEASING AGREEMENTS |
Minimum lease payments under non-cancellable operating leases fall due as follows: |
2024 | 2023 |
£ | £ |
Within one year |
Between one and five years |
In more than five years |
BUMBA ZONKIE LIMITED (REGISTERED NUMBER: 03781083) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 JANUARY 2024 |
8. | LEASING AGREEMENTS - continued |
The lease on the land in Dunkirk, Kent is for a period of fifty years. The lease includes a break clause (for both parties) after 25 years, with the option to purchase at market value after adjusting for tenant improvements. Market rate rent reviews take place on every 5th anniversary of the lease. The lease commenced on 1st July 2007. |
The lease on the The Old Coach Station, Preston Street, Faversham, Kent is for a period of twenty five years. Market rate rent reviews take place on every 5th anniversary of the lease. The lease commenced on 3rd December 2009. |
The lease on 9a and 9b Roper Road, Canterbury, Kent is for a period of ten years, which commenced in March 2019. |
9. | SECURED DEBTS |
The following secured debts are included within creditors: |
2024 | 2023 |
£ | £ |
Bank loan | 2,950 | 5,048 |
The First Business Securities loan is secured by way of a personal guarantee by the director. In addition to the above the company has an unsecured Covid Bounce Back loan of £26,750 (2023: £31,019). |
10. | PROVISIONS FOR LIABILITIES |
2024 | 2023 |
£ | £ |
Deferred tax | 4,384 | 2,071 |
Deferred tax |
£ |
Balance at 1 February 2023 |
Provided during year |
Balance at 31 January 2024 |
11. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2024 | 2023 |
value: | £ | £ |
Ordinary | £1 | 300 | 300 |
BUMBA ZONKIE LIMITED (REGISTERED NUMBER: 03781083) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 JANUARY 2024 |
12. | RELATED PARTY DISCLOSURES |
SME Sign Solutions Limited - during the year, the company received rent and service charges of £13,284 (2023: £15,193) from SME Sign Solutions Limited, a company under common control. At the year end an amount of £5,003 (2023: £13,103) was owed by SME Sign Solutions Limited to Bumba Zonkie Limited. |
Grindall Limited - during the year, the company received rent of £98,254 (2023: £35,759) from Grindall Limited, a company under common control. At the year end an amount of £34,478 (2023: £4,872) was owed by Grindall Limited to Bumba Zonkie Limited which is included with trade debtors. |
Mr Bichard is a director of all of the above companies. |
13. | ULTIMATE CONTROLLING PARTY |
The controlling party is Mr C K Bichard. |