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Registration number: 13903802

Bond & County Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 30 April 2024

 

Bond & County Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Bond & County Ltd

Company Information

Directors

Miss Bregeta Bond Cunningham

Mr Myles Vigar Bond

Mr Josiah Nicholas Bond

Registered office

Fairholm
High Street
Littleton
BS39 6JD

Accountants

RiverView Portfolio Limited
1 Market Hill
Calne
Wiltshire
SN11 0BT

 

Bond & County Ltd

(Registration number: 13903802)
Balance Sheet as at 30 April 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

5

3,890

5,250

Investment property

6

615,000

285,000

 

618,890

290,250

Current assets

 

Debtors

7

1,398

8,130

Cash at bank and in hand

 

3,368

14,709

 

4,766

22,839

Total assets less current liabilities

 

623,656

313,089

Creditors: Amounts falling due after more than one year

8

(528,169)

(317,865)

Provisions for liabilities

(18,295)

-

Net assets/(liabilities)

 

77,192

(4,776)

Capital and reserves

 

Called up share capital

300

300

Revaluation reserve

77,995

-

Retained earnings

(1,103)

(5,076)

Shareholders' funds/(deficit)

 

77,192

(4,776)

For the financial year ending 30 April 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.

Approved and authorised by the Board on 19 September 2024 and signed on its behalf by:
 

.........................................
Miss Bregeta Bond Cunningham
Director

 

Bond & County Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Fairholm
High Street
Littleton
BS39 6JD

These financial statements were authorised for issue by the Board on 19 September 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.

Going concern

The financial statements have been prepared on a going concern basis.

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

Office Equipment

25% Straight Line

Plant & Machinery

25% Straight Line

 

Bond & County Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024 (continued)

2

Accounting policies (continued)

Investment property

The fair value of the properties at the year end have been arrived at on the basis of a valuation carried out at that
date by the director of the company, who is not a professionally qualified valuer. The valuation was arrived at
by reference to the market evidence of transaction prices for similar properties in the location the properties are
situated.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

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. They are subsequently measured at amortised cost using the effective interest method, 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 terms of the receivables.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2023 - 0).

4

Profit/loss before tax

Arrived at after charging/(crediting)

2024
£

2023
£

Depreciation expense

1,880

1,750

 

Bond & County Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024 (continued)

5

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 May 2023

7,000

7,000

Additions

520

520

At 30 April 2024

7,520

7,520

Depreciation

At 1 May 2023

1,750

1,750

Charge for the year

1,880

1,880

At 30 April 2024

3,630

3,630

Carrying amount

At 30 April 2024

3,890

3,890

At 30 April 2023

5,250

5,250

6

Investment properties

2024
£

At 1 May

285,000

Additions

226,074

Fair value adjustments

103,926

At 30 April

615,000

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

7

Debtors

Current

2024
£

2023
£

Trade debtors

350

200

Prepayments

1,048

370

Other debtors

-

7,560

 

1,398

8,130

 

Bond & County Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024 (continued)

8

Creditors

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

10

528,169

317,865

9

Reserves

The changes to each component of equity resulting from items of other comprehensive income for the current year were as follows:

Revaluation reserve
£

Total
£

Surplus/deficit on property, plant and equipment revaluation

77,995

77,995

10

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Other borrowings

528,169

317,865