Bowmoor Holdings Limited 13502360 false 2023-08-01 2024-07-31 2024-07-31 The principal activity of the company is furnished holiday letting. Digita Accounts Production Advanced 6.30.9574.0 true 13502360 2023-08-01 2024-07-31 13502360 2024-07-31 13502360 core:CurrentFinancialInstruments 2024-07-31 13502360 core:CurrentFinancialInstruments core:WithinOneYear 2024-07-31 13502360 core:FurnitureFittingsToolsEquipment 2024-07-31 13502360 bus:SmallEntities 2023-08-01 2024-07-31 13502360 bus:AuditExemptWithAccountantsReport 2023-08-01 2024-07-31 13502360 bus:FilletedAccounts 2023-08-01 2024-07-31 13502360 bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 13502360 bus:RegisteredOffice 2023-08-01 2024-07-31 13502360 bus:Director1 2023-08-01 2024-07-31 13502360 bus:Director2 2023-08-01 2024-07-31 13502360 bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 13502360 core:FurnitureFittingsToolsEquipment 2023-08-01 2024-07-31 13502360 countries:AllCountries 2023-08-01 2024-07-31 13502360 2023-07-31 13502360 core:FurnitureFittingsToolsEquipment 2023-07-31 13502360 2022-08-01 2023-07-31 13502360 2023-07-31 13502360 core:CurrentFinancialInstruments 2023-07-31 13502360 core:CurrentFinancialInstruments core:WithinOneYear 2023-07-31 13502360 core:FurnitureFittingsToolsEquipment 2023-07-31 iso4217:GBP xbrli:pure

Registration number: 13502360

Bowmoor Holdings Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 July 2024

 

Bowmoor Holdings Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Bowmoor Holdings Limited

Company Information

Directors

Mr R Diamond

Mrs C Diamond

Registered office

Fawley House
2 Regatta Place
Marlow Road
Bourne End
Buckinghamshire
SL8 5TD

Accountants

Sterling Grove Accountants Limited
Chartered Certified Accountants
Fawley House
2 Regatta Place
Marlow Road
Bourne End
Buckinghamshire
SL8 5TD

 

Bowmoor Holdings Limited

(Registration number: 13502360)
Balance Sheet as at 31 July 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

89,229

116,335

Investment property

5

4,387,845

4,376,261

 

4,477,074

4,492,596

Current assets

 

Debtors

6

13,631

22,794

Cash at bank and in hand

 

31,852

5,283

 

45,483

28,077

Creditors: Amounts falling due within one year

7

(4,505,071)

(4,503,959)

Net current liabilities

 

(4,459,588)

(4,475,882)

Net assets

 

17,486

16,714

Capital and reserves

 

Called up share capital

2

2

Retained earnings

17,484

16,712

Shareholders' funds

 

17,486

16,714

For the financial year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 28 October 2024 and signed on its behalf by:
 

.........................................
Mr R Diamond
Director

 

Bowmoor Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

1

General information

The company is a private company limited by share capital, incorporated in England & Wa;es.

The address of its registered office is:
Fawley House
2 Regatta Place
Marlow Road
Bourne End
Buckinghamshire
SL8 5TD
England

These financial statements were authorised for issue by the Board on 28 October 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Furniture, fittings and equipment

20% straight line

Investment property

Investment property is carried at fair value determined annually by the director. Changes in fair value are recognised in profit or loss.

 

Bowmoor Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business. Trade debtors are recognised initially at the transaction price less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original trms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities. Trade creditors are recognised at the transaction price.

Share capital

Ordinary shares are classified as equity.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

 

Bowmoor Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 August 2023

166,364

166,364

Additions

6,664

6,664

At 31 July 2024

173,028

173,028

Depreciation

At 1 August 2023

50,029

50,029

Charge for the year

33,770

33,770

At 31 July 2024

83,799

83,799

Carrying amount

At 31 July 2024

89,229

89,229

At 31 July 2023

116,335

116,335

5

Investment properties

2024
£

At 1 August

4,376,261

Additions

11,584

At 31 July

4,387,845

The investment property was valued on an open market basis on the 31 July 2024 by the director of the company. The open market value is considered to be equal to the purchase price plus improvements made to the property.

There has been no valuation of investment property by an independent valuer.

6

Debtors

2024
£

2023
£

Prepayments

6,756

6,794

Other debtors

6,875

16,000

13,631

22,794

 

Bowmoor Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Trade creditors

 

2,259

2,002

Amounts owed to related parties

29,101

9,321

Taxation and social security

 

8,292

9,421

Accruals and deferred income

 

23,267

29,706

Other creditors

 

4,442,152

4,453,509

 

4,505,071

4,503,959