Company No:
Contents
Note | 2024 | 2023 | ||
£ | £ | |||
Fixed assets | ||||
Tangible assets | 3 |
|
|
|
Investment property | 4 |
|
|
|
1,757,748 | 1,835,331 | |||
Current assets | ||||
Debtors | 5 |
|
|
|
Cash at bank and in hand |
|
|
||
69,277 | 187,981 | |||
Creditors: amounts falling due within one year | 6 | (
|
(
|
|
Net current liabilities | (1,722,100) | (1,746,052) | ||
Total assets less current liabilities | 35,648 | 89,279 | ||
Net assets |
|
|
||
Capital and reserves | ||||
Called-up share capital | 7 |
|
|
|
Profit and loss account |
|
|
||
Total shareholder's funds |
|
|
Director's responsibilities:
The financial statements of Bottco Developments Limited (registered number:
Mr R Simms-Davies
Director |
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.
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.
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 represents rental income which is recognised in the period to which it relates with accrued and deferred income adjusted as necessary.
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.
Fixtures and fittings |
|
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.
2024 | 2023 | ||
Number | Number | ||
Monthly average number of persons employed by the Company during the year, including the director |
|
|
Fixtures and fittings | Total | ||
£ | £ | ||
Cost | |||
At 01 April 2023 |
|
|
|
At 31 March 2024 |
|
|
|
Accumulated depreciation | |||
At 01 April 2023 |
|
|
|
Charge for the financial year |
|
|
|
At 31 March 2024 |
|
|
|
Net book value | |||
At 31 March 2024 |
|
|
|
At 31 March 2023 |
|
|
Investment property | |
£ | |
Valuation | |
As at 01 April 2023 |
|
Additions | 2,842 |
Fair value movement | (80,342) |
As at 31 March 2024 |
|
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.
2024 | 2023 | ||
£ | £ | ||
Trade debtors |
|
|
|
Other debtors |
|
|
|
|
|
2024 | 2023 | ||
£ | £ | ||
Trade creditors |
|
|
|
Accruals and deferred income |
|
|
|
Taxation and social security |
|
|
|
Other creditors |
|
|
|
|
|
2024 | 2023 | ||
£ | £ | ||
Allotted, called-up and fully-paid | |||
|
|
|
|
|
|
|
|
|
|
|
|
10,000 | 10,000 |
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.
Since the balance sheet date, the company acquired a consultancy business and the consultancy trade commenced on 10 June 2024.