Silverfin false false 31/03/2024 01/04/2023 31/03/2024 Mr G C Howell 21/02/2024 22/03/2019 Mr T T Mccarthy 12/07/2024 21/02/2024 Mr R Simms-Davies 10/06/2024 19 November 2024 The principal activity of the Company during the financial year was property investment. 09790147 2024-03-31 09790147 bus:Director1 2024-03-31 09790147 bus:Director2 2024-03-31 09790147 bus:Director3 2024-03-31 09790147 2023-03-31 09790147 core:CurrentFinancialInstruments 2024-03-31 09790147 core:CurrentFinancialInstruments 2023-03-31 09790147 core:ShareCapital 2024-03-31 09790147 core:ShareCapital 2023-03-31 09790147 core:RetainedEarningsAccumulatedLosses 2024-03-31 09790147 core:RetainedEarningsAccumulatedLosses 2023-03-31 09790147 core:FurnitureFittings 2023-03-31 09790147 core:FurnitureFittings 2024-03-31 09790147 bus:OrdinaryShareClass1 2024-03-31 09790147 bus:OrdinaryShareClass2 2024-03-31 09790147 bus:OrdinaryShareClass3 2024-03-31 09790147 2023-04-01 2024-03-31 09790147 bus:FilletedAccounts 2023-04-01 2024-03-31 09790147 bus:SmallEntities 2023-04-01 2024-03-31 09790147 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 09790147 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 09790147 bus:Director1 2023-04-01 2024-03-31 09790147 bus:Director2 2023-04-01 2024-03-31 09790147 bus:Director3 2023-04-01 2024-03-31 09790147 core:FurnitureFittings 2023-04-01 2024-03-31 09790147 2022-04-01 2023-03-31 09790147 bus:OrdinaryShareClass1 2023-04-01 2024-03-31 09790147 bus:OrdinaryShareClass1 2022-04-01 2023-03-31 09790147 bus:OrdinaryShareClass2 2023-04-01 2024-03-31 09790147 bus:OrdinaryShareClass2 2022-04-01 2023-03-31 09790147 bus:OrdinaryShareClass3 2023-04-01 2024-03-31 09790147 bus:OrdinaryShareClass3 2022-04-01 2023-03-31 09790147 1 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 09790147 (England and Wales)

BOTTCO DEVELOPMENTS LIMITED

Unaudited Financial Statements
For the financial year ended 31 March 2024
Pages for filing with the registrar

BOTTCO DEVELOPMENTS LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2024

Contents

BOTTCO DEVELOPMENTS LIMITED

BALANCE SHEET

As at 31 March 2024
BOTTCO DEVELOPMENTS LIMITED

BALANCE SHEET (continued)

As at 31 March 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 248 331
Investment property 4 1,757,500 1,835,000
1,757,748 1,835,331
Current assets
Debtors 5 5,957 17,372
Cash at bank and in hand 63,320 170,609
69,277 187,981
Creditors: amounts falling due within one year 6 ( 1,791,377) ( 1,934,033)
Net current liabilities (1,722,100) (1,746,052)
Total assets less current liabilities 35,648 89,279
Net assets 35,648 89,279
Capital and reserves
Called-up share capital 7 10,000 10,000
Profit and loss account 25,648 79,279
Total shareholder's funds 35,648 89,279

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

Director's responsibilities:

The financial statements of Bottco Developments Limited (registered number: 09790147) were approved and authorised for issue by the Director on 19 November 2024. They were signed on its behalf by:

Mr R Simms-Davies
Director
BOTTCO DEVELOPMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
BOTTCO DEVELOPMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Bottco Developments Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Centenary House Peninsula Park, Rydon Lane, Exeter, EX2 7XE, United Kingdom. The principal place of business is Westpoint House, 32-34 Albert Street, Fleet, GU51 3RW.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council.

The functional currency of Bottco Developments Limited is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.

Going concern

Included in note 6 under creditors due within one year is an amount owed to the majority shareholder totalling £1,700,319. The shareholder has confirmed that there is no intention to recall the loan in the next 12 months. The company is to carry on trading for the foreseeable future, therefore the accounts are prepared on a going concern basis.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of rebates and discounts and after eliminating sales within the company.

Turnover represents rental income which is recognised in the period to which it relates with accrued and deferred income adjusted as necessary.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a reducing balance over its expected useful life, as follows:

Fixtures and fittings 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. The surplus or deficit on revaluation is recognised in profit or loss.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 0 0

3. Tangible assets

Fixtures and fittings Total
£ £
Cost
At 01 April 2023 2,370 2,370
At 31 March 2024 2,370 2,370
Accumulated depreciation
At 01 April 2023 2,039 2,039
Charge for the financial year 83 83
At 31 March 2024 2,122 2,122
Net book value
At 31 March 2024 248 248
At 31 March 2023 331 331

4. Investment property

Investment property
£
Valuation
As at 01 April 2023 1,835,000
Additions 2,842
Fair value movement (80,342)
As at 31 March 2024 1,757,500

The fair value of the company's investment property was determined on 31 March 2024. An independent valuer was not involved. The valuations have been carried out by the director on an open market basis.

5. Debtors

2024 2023
£ £
Trade debtors 460 10,210
Other debtors 5,497 7,162
5,957 17,372

6. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 22,060 17,837
Accruals and deferred income 6,066 17,043
Taxation and social security 62,932 55,655
Other creditors 1,700,319 1,843,498
1,791,377 1,934,033

7. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
700 Ordinary A Shares shares of £ 1.00 each 700 700
300 Ordinary B Shares shares of £ 1.00 each 300 300
9,000 Ordinary C Shares shares of £ 1.00 each 9,000 9,000
10,000 10,000

The shares rank pari passu in all respects.

8. Related party transactions

Transactions with the entity's director

2024 2023
£ £
Shareholder Loan 1,700,319 1,843,498

This loan is interest free and repayable on demand.

9. Events after the Balance Sheet date

Since the balance sheet date, the company has disposed of two properties for proceeds totalling £587,500. This has been reflected in the carrying values of the properties as at 31 March 2024.

Since the balance sheet date, the company acquired a consultancy business and the consultancy trade commenced on 10 June 2024.