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REGISTERED NUMBER: 12705569 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024

FOR

BAMBOO NINE GROUP LTD

BAMBOO NINE GROUP LTD (REGISTERED NUMBER: 12705569)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


BAMBOO NINE GROUP LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTORS: C J Rivera
I M Robins





REGISTERED OFFICE: 3rd Floor
19a Portland Street
Brighton
East Sussex
BN1 1RN





REGISTERED NUMBER: 12705569 (England and Wales)





ACCOUNTANTS: Galloways Accounting (Hove) Limited
The Old Casino
28 Fourth Avenue
Hove
East Sussex
BN3 2PJ

BAMBOO NINE GROUP LTD (REGISTERED NUMBER: 12705569)

BALANCE SHEET
31 JULY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investments 3 20,000 20,000
Investment property 4 1,394,664 1,394,664
1,414,664 1,414,664

CURRENT ASSETS
Debtors 5 4,053 8,700
Cash at bank 84,007 17,503
88,060 26,203
CREDITORS
Amounts falling due within one year 6 757,598 650,404
NET CURRENT LIABILITIES (669,538 ) (624,201 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

745,126

790,463

CREDITORS
Amounts falling due after more than one
year

7

744,942

768,464
NET ASSETS 184 21,999

CAPITAL AND RESERVES
Called up share capital 102 102
Retained earnings 82 21,897
184 21,999

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 January 2025 and were signed on its behalf by:





C J Rivera - Director


BAMBOO NINE GROUP LTD (REGISTERED NUMBER: 12705569)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents the following types of income
Rental income
Income from the sale of properties

All income is recognised on a receivable basis.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

3. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 August 2023
and 31 July 2024 20,000
NET BOOK VALUE
At 31 July 2024 20,000
At 31 July 2023 20,000

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2023
and 31 July 2024 1,394,664
NET BOOK VALUE
At 31 July 2024 1,394,664
At 31 July 2023 1,394,664

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 4,050 4,050
Tax 3 -
Prepayments and accrued income - 4,650
4,053 8,700

BAMBOO NINE GROUP LTD (REGISTERED NUMBER: 12705569)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 1,201 -
Amounts owed to group undertakings 735,608 633,885
Tax - 2,193
Other creditors 12,377 12,375
Deferred income 6,449 -
Accrued expenses 1,963 1,951
757,598 650,404

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Mortgage 744,942 768,464

Amounts falling due in more than five years:

Repayable by instalments
Mortgage 744,942 768,464

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Barclays Security Trustee 744,942 768,464

51A Upper North Street, Brighton, East Sussex. Contains fixed charge(s) as well as a negative pledge.
51 Upper North Street, Brighton, East Sussex. Contains fixed charge(s) as well as a negative pledge.
46 Upper North Street, Brighton, East Sussex. Contains fixed charge(s) as well as a negative pledge.

Flat 23 Astra House, Kings Road, Brighton. Contains fixed charge(s).

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is C J rivera & I M Robins.

This was by virtue of their 100% holding of the issued share capital.