Caseware UK (AP4) 2023.0.135 2023.0.135 2023-10-312023-10-31Buying, selling and rental of own property2true2022-11-01false2trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 07616326 2022-11-01 2023-10-31 07616326 2021-11-01 2022-10-31 07616326 2023-10-31 07616326 2022-10-31 07616326 c:Director1 2022-11-01 2023-10-31 07616326 c:Director2 2022-11-01 2023-10-31 07616326 d:Buildings 2023-10-31 07616326 d:Buildings 2022-10-31 07616326 d:CurrentFinancialInstruments 2023-10-31 07616326 d:CurrentFinancialInstruments 2022-10-31 07616326 d:Non-currentFinancialInstruments 2023-10-31 07616326 d:Non-currentFinancialInstruments 2022-10-31 07616326 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 07616326 d:CurrentFinancialInstruments d:WithinOneYear 2022-10-31 07616326 d:ShareCapital 2023-10-31 07616326 d:ShareCapital 2022-10-31 07616326 d:RevaluationReserve 2022-11-01 2023-10-31 07616326 d:RevaluationReserve 2023-10-31 07616326 d:RevaluationReserve 2022-10-31 07616326 d:RetainedEarningsAccumulatedLosses 2022-11-01 2023-10-31 07616326 d:RetainedEarningsAccumulatedLosses 2023-10-31 07616326 d:RetainedEarningsAccumulatedLosses 2022-10-31 07616326 c:FRS102 2022-11-01 2023-10-31 07616326 c:AuditExemptWithAccountantsReport 2022-11-01 2023-10-31 07616326 c:FullAccounts 2022-11-01 2023-10-31 07616326 c:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 07616326 5 2022-11-01 2023-10-31 07616326 6 2022-11-01 2023-10-31 07616326 e:PoundSterling 2022-11-01 2023-10-31 iso4217:GBP xbrli:pure

Registered number: 07616326










BOD HOMES LTD








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

 
BOD HOMES LTD
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF BOD HOMES LTD
FOR THE YEAR ENDED 31 OCTOBER 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Bod Homes Ltd for the year ended 31 October 2023 which comprise the Balance sheet and the related notes from the Company accounting records and from information and explanations you have given to us.
 

This report is made solely to the Board of Directors of Bod Homes Ltd, as a body, in accordance with the terms of our agreement. Our work has been undertaken solely to prepare for your approval the financial statements of Bod Homes Ltd and state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Bod Homes Ltd and its  Board of Directors, as a body, for our work or for this report.
 
 
It is your duty to ensure that Bod Homes Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the Company's assets, liabilities, financial position and profit. You consider that Bod Homes Ltd is exempt from the statutory audit requirement for the year.
 
 
We have not been instructed to carry out an audit or review of the financial statements of Bod Homes Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.







Shipleys Tax Planning
 

30 October 2024
Page 1

 
BOD HOMES LTD
REGISTERED NUMBER: 07616326

BALANCE SHEET
AS AT 31 OCTOBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
391,991
391,991

Investments
 5 
100
100

  
392,091
392,091

Current assets
  

Debtors: amounts falling due after more than one year
 6 
73,508
307,050

Debtors: amounts falling due within one year
 6 
10,724
6,336

Cash at bank and in hand
 7 
300
300

  
84,532
313,686

Creditors: amounts falling due within one year
 8 
(22,263)
(265,079)

Net current assets
  
 
 
62,269
 
 
48,607

Total assets less current liabilities
  
454,360
440,698

  

Net assets
  
454,360
440,698


Capital and reserves
  

Called up share capital 
  
100
100

Revaluation reserve
 9 
244,427
244,427

Profit and loss account
 9 
209,833
196,171

  
454,360
440,698


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 30 October 2024.



Page 2

 
BOD HOMES LTD
REGISTERED NUMBER: 07616326

BALANCE SHEET (CONTINUED)
AS AT 31 OCTOBER 2023




James Alan Sullivan
Peter Colin Sullivan
Director
Director

The notes on pages 4 to 8 form part of these financial statements.

Page 3

 
BOD HOMES LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1.


General information

Bod Homes Limited is a company domiciled in England and Wales, registration number 07616326.  The registered office is Plas Ifan, Village Road, Northop Hall, Mold, Flintshire, CH7 6HS..

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4

 
BOD HOMES LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

2.Accounting policies (continued)


2.5
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:


The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Revaluation of tangible fixed assets

Individual freehold and leasehold properties are carried at current year value at fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the balance sheet date.
Fair values are determined from market based evidence normally undertaken by professionally qualified valuers.

Revaluation gains and losses are recognised in other comprehensive income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in profit or loss.

 
2.7

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of comprehensive income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 5

 
BOD HOMES LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

2.Accounting policies (continued)

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees




The average monthly number of employees, including directors, during the year was 2 (2022 - 2).


4.


Tangible fixed assets





Freehold property

£



Cost or valuation


At 1 November 2022
391,991



At 31 October 2023

391,991






Net book value



At 31 October 2023
391,991



At 31 October 2022
391,991


5.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 November 2022
100



At 31 October 2023
100




Page 6

 
BOD HOMES LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

6.


Debtors

2023
2022
£
£

Due after more than one year

Other debtors
73,508
307,050

73,508
307,050


2023
2022
£
£

Due within one year

Trade debtors
1,002
1,002

Other debtors
9,722
4,740

Prepayments and accrued income
-
594

10,724
6,336



7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
300
300

Less: bank overdrafts
-
(9,431)

300
(9,131)



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank overdrafts
-
9,431

Bank loans
-
235,132

Trade creditors
757
810

Corporation tax
5,306
5,306

Accruals and deferred income
16,200
14,400

22,263
265,079


Page 7

 
BOD HOMES LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

9.


Reserves

Revaluation reserve

This reserve includes all current and prior recognised valuations.

Profit and loss account

This reserve includes all current and prior period retained profits and losses.


10.


Related party transactions

Included in amounts owed by group undertakings the company was owed £7,799 (2022: £4,740) by Bod Hotels Limited and £73,508 (2022: £307,050 ) by Bod Hyfryd Developments Ltd.


11.


Controlling party

Bod Property Management Limited is the controlling party.


Page 8