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Registered number: NI609462
Bodrum Ege (NI) Limited
Unaudited Financial Statements
For The Year Ended 28 February 2024
RWCA LTD
158 Upper Newtownards Road
Belfast
Co Antrim
BT4 3EQ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: NI609462
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 3,262,918 3,262,918
Investments 5 303 303
3,263,221 3,263,221
CURRENT ASSETS
Debtors 6 5,426,887 5,594,448
Cash at bank and in hand 9,988 29,661
5,436,875 5,624,109
Creditors: Amounts Falling Due Within One Year 7 (20,884 ) (114,967 )
NET CURRENT ASSETS (LIABILITIES) 5,415,991 5,509,142
TOTAL ASSETS LESS CURRENT LIABILITIES 8,679,212 8,772,363
NET ASSETS 8,679,212 8,772,363
CAPITAL AND RESERVES
Called up share capital 8 2 2
Profit and Loss Account 8,679,210 8,772,361
SHAREHOLDERS' FUNDS 8,679,212 8,772,363
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For the year ending 28 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr James Patterson
Director
20/11/2024
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Bodrum Ege (NI) Limited is a private company, limited by shares, incorporated in Northern Ireland, registered number NI609462 . The registered office is 25b Seafront Road, Holywood , Down, BT18 0BB.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.4. Taxation
Income tax expense represents the sum of the tax currently payable.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Current tax for the year is recognised in profit or loss.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 2 2
2 2
4. Investment Property
2024
£
Fair Value
As at 1 March 2023 and 28 February 2024 3,262,918
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5. Investments
Unlisted
£
Cost
As at 1 March 2023 303
As at 28 February 2024 303
Provision
As at 1 March 2023 -
As at 28 February 2024 -
Net Book Value
As at 28 February 2024 303
As at 1 March 2023 303
The company owns 100% of the ordinary share capital of the following companies, all of which are incorporated in Nothern Ireland, with the exception of Chalfont Park Midco Limited, which is incorporated in England & Wales, and who have a principal activity of property development;
Newco 1111 Ltd
Cultra Developments Ltd
JTJ Strabane Limited
Norwich House Developments Limited
Chalfont Park Midco Limited
6. Debtors
2024 2023
£ £
Due within one year
Other debtors 3,085,249 3,244,604
Amounts owed by subsidiaries 2,341,638 2,349,844
5,426,887 5,594,448
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1 -
Corporation tax - 7,792
Other creditors 15,000 20,000
Accruals and deferred income - 79,863
Directors' loan accounts 5,883 7,312
20,884 114,967
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
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9. Related Party Transactions
At the year end the company was owed £2,341,638 (2023: £2,349,844) by a subsidiary, Chalfont Park Midco Limited.
It also had balances due from/to other related companies;
  • £3,085,249 owed to the company (2023:3,244,604)
  • £15,000 owed by the company (2022:£20,000)
10. Ultimate Controlling Party
The company's ultimate controlling party is James Patterson by virtue of his ownership of the issued share capital in the company.
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