Caseware UK (AP4) 2023.0.135 2023.0.135 2023-10-312023-10-312022-05-01falsefalseNo description of principal activity33trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 04739041 2022-05-01 2023-10-31 04739041 2021-05-01 2022-04-30 04739041 2023-10-31 04739041 2022-04-30 04739041 c:Director2 2022-05-01 2023-10-31 04739041 d:Buildings 2022-05-01 2023-10-31 04739041 d:Buildings 2023-10-31 04739041 d:Buildings 2022-04-30 04739041 d:Buildings d:OwnedOrFreeholdAssets 2022-05-01 2023-10-31 04739041 d:LandBuildings 2023-10-31 04739041 d:LandBuildings 2022-04-30 04739041 d:PlantMachinery 2022-05-01 2023-10-31 04739041 d:PlantMachinery 2023-10-31 04739041 d:PlantMachinery 2022-04-30 04739041 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-05-01 2023-10-31 04739041 d:FurnitureFittings 2022-05-01 2023-10-31 04739041 d:FurnitureFittings 2023-10-31 04739041 d:FurnitureFittings 2022-04-30 04739041 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-05-01 2023-10-31 04739041 d:OwnedOrFreeholdAssets 2022-05-01 2023-10-31 04739041 d:FreeholdInvestmentProperty 2022-05-01 2023-10-31 04739041 d:FreeholdInvestmentProperty 2023-10-31 04739041 d:FreeholdInvestmentProperty 2022-04-30 04739041 d:CurrentFinancialInstruments 2023-10-31 04739041 d:CurrentFinancialInstruments 2022-04-30 04739041 d:Non-currentFinancialInstruments 2023-10-31 04739041 d:Non-currentFinancialInstruments 2022-04-30 04739041 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 04739041 d:CurrentFinancialInstruments d:WithinOneYear 2022-04-30 04739041 d:Non-currentFinancialInstruments d:AfterOneYear 2023-10-31 04739041 d:Non-currentFinancialInstruments d:AfterOneYear 2022-04-30 04739041 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-10-31 04739041 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-04-30 04739041 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-10-31 04739041 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-04-30 04739041 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-10-31 04739041 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2022-04-30 04739041 d:ShareCapital 2023-10-31 04739041 d:ShareCapital 2022-04-30 04739041 d:SharePremium 2023-10-31 04739041 d:SharePremium 2022-04-30 04739041 d:RevaluationReserve 2023-10-31 04739041 d:RevaluationReserve 2022-04-30 04739041 d:InvestmentPropertiesRevaluationReserve 2023-10-31 04739041 d:InvestmentPropertiesRevaluationReserve 2022-04-30 04739041 d:RetainedEarningsAccumulatedLosses 2023-10-31 04739041 d:RetainedEarningsAccumulatedLosses 2022-04-30 04739041 d:OtherDeferredTax 2023-10-31 04739041 d:OtherDeferredTax 2022-04-30 04739041 c:FRS102 2022-05-01 2023-10-31 04739041 c:AuditExempt-NoAccountantsReport 2022-05-01 2023-10-31 04739041 c:FullAccounts 2022-05-01 2023-10-31 04739041 c:PrivateLimitedCompanyLtd 2022-05-01 2023-10-31 04739041 2 2022-05-01 2023-10-31 04739041 5 2022-05-01 2023-10-31 04739041 e:PoundSterling 2022-05-01 2023-10-31 iso4217:GBP xbrli:pure

Registered number: 04739041









BOW VILLAGE LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 OCTOBER 2023

 
BOW VILLAGE LIMITED
REGISTERED NUMBER: 04739041

BALANCE SHEET
AS AT 31 OCTOBER 2023

31 October
As restated
30 April
2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
41,388
22,042,099

Investment property
 5 
23,207,238
23,190,737

  
23,248,626
45,232,836

Current assets
  

Debtors
 6 
691,387
466,528

Cash at bank and in hand
 7 
103,091
1,039,759

  
794,478
1,506,287

Creditors: amounts falling due within one year
 8 
(2,474,956)
(1,275,020)

Net current (liabilities)/assets
  
 
 
(1,680,478)
 
 
231,267

Total assets less current liabilities
  
21,568,148
45,464,103

Creditors: amounts falling due after more than one year
 9 
(7,355,430)
(9,649,268)

Provisions for liabilities
  

Deferred tax
 11 
(1,399,965)
(4,085,680)

  
 
 
(1,399,965)
 
 
(4,085,680)

Net assets
  
12,812,753
31,729,155


Capital and reserves
  

Called up share capital 
  
1,251,000
1,251,000

Share premium account
  
-
9,085,740

Revaluation reserve
  
4,199,893
4,483,865

Fair value movement
  
-
12,660,246

Profit and loss account
  
7,361,860
4,248,304

  
12,812,753
31,729,155


Page 1

 
BOW VILLAGE LIMITED
REGISTERED NUMBER: 04739041
    
BALANCE SHEET (CONTINUED)
AS AT 31 OCTOBER 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 15 January 2025.




S Chima
Director

The notes on pages 3 to 11 form part of these financial statements.

Page 2

 
BOW VILLAGE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2023

1.


General information

Bow Village Limited is a private company limited by shares, domiciled in England and Wales, Registration number 04739041. The registered office of business is Haslers Hawke House, Old Station Road, Loughton, Essex, United Kingdom, IG10 4PL. The principal activity of the company is the management of real estate. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 3

 
BOW VILLAGE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2023

2.Accounting policies (continued)

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the period in which they are incurred.

 
2.7

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.8

Current and deferred taxation

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Page 4

 
BOW VILLAGE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2023

2.Accounting policies (continued)

 
2.9

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
25%
Fixtures and fittings
-
25%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.10

Revaluation of tangible fixed assets

Individual freehold and leasehold properties are carried at current year value at fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the balance sheet date.
Fair values are determined from market based evidence normally undertaken by professionally qualified valuers.

Revaluation gains and losses are recognised in other comprehensive income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in profit or loss.

 
2.11

Investment property

Investment property is carried at fair value determined annually by external valuers 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. Changes in fair value are recognised in profit or loss.

 
2.12

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 5

 
BOW VILLAGE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2023

2.Accounting policies (continued)

 
2.13

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.14

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.15

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.16

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including the directors, during the period was as follows:


        2023
        2022
            No.
            No.







Employees
3
3

Page 6

 
BOW VILLAGE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2023

4.


Tangible fixed assets







Freehold property
Plant and machinery
Fixtures and fittings
Total

£
£
£
£



Cost or valuation


At 1 May 2022
22,000,000
1,146
78,124
22,079,270


Additions
29,592
8,934
10,751
49,277


Disposals
(22,029,592)
-
(4,167)
(22,033,759)



At 31 October 2023

-
10,080
84,708
94,788



Depreciation


At 1 May 2022
-
286
36,884
37,170


Charge for the period on owned assets
-
894
17,354
18,248


Disposals
-
-
(2,018)
(2,018)



At 31 October 2023

-
1,180
52,220
53,400



Net book value



At 31 October 2023
-
8,900
32,488
41,388



At 30 April 2022
22,000,000
859
41,240
22,042,099




The net book value of land and buildings may be further analysed as follows:


31 October
30 April
2023
2022
£
£

Freehold
-
22,000,000

-
22,000,000


Page 7

 
BOW VILLAGE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2023

5.


Investment property





Freehold investment property

£



Valuation


At 1 May 2022
23,190,737


Additions at cost
16,501



At 31 October 2023
23,207,238

The 2023 valuations were made by the director, on an open market value for existing use basis.

31 October
30 April
2023
2022
£
£

Revaluation reserves


At 1 May 2022
12,660,246
10,545,408

Net surplus/(deficit) in movement properties
-
1,805,354

At 31 October 2023
12,660,246
12,350,762





6.


Debtors

31 October
As restated
30 April
2023
2022
£
£



Trade debtors
15,979
14,315

Other debtors
646,011
447,914

Prepayments and accrued income
29,397
4,299

691,387
466,528


Page 8

 
BOW VILLAGE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2023

7.


Cash and cash equivalents

31 October
30 April
2023
2022
£
£

Cash at bank and in hand
103,091
1,039,759

103,091
1,039,759



8.


Creditors: Amounts falling due within one year

31 October
As restated
30 April
2023
2022
£
£

Bank loans
325,452
-

Payments received on account
-
59,958

Trade creditors
29,200
22,282

Corporation tax
140,905
81,526

Other taxation and social security
5,280
18,057

Other creditors
1,849,788
998,027

Accruals and deferred income
124,331
95,170

2,474,956
1,275,020



9.


Creditors: Amounts falling due after more than one year

31 October
30 April
2023
2022
£
£

Bank loans
7,355,430
9,649,268

7,355,430
9,649,268


Page 9

 
BOW VILLAGE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2023

10.


Loans


Analysis of the maturity of loans is given below:


31 October
30 April
2023
2022
£
£

Amounts falling due within one year

Bank loans
325,452
-


325,452
-

Amounts falling due 1-2 years

Bank loans
138,349
-


138,349
-

Amounts falling due 2-5 years

Bank loans
910,206
9,649,268


910,206
9,649,268

Amounts falling due after more than 5 years

Bank loans
6,306,875
-

6,306,875
-

7,680,882
9,649,268



11.


Deferred taxation






2023


£






At beginning of year
(4,085,680)


Charged to profit or loss
(283,972)


Utilised in year
2,969,687



At end of year
(1,399,965)

Page 10

 
BOW VILLAGE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2023
 
11.Deferred taxation (continued)

The provision for deferred taxation is made up as follows:

31 October
30 April
2023
2022
£
£


Deferred tax
(1,399,964)
(4,085,680)

(1,399,964)
(4,085,680)


12.


Pension commitments

The company operates a defined contribution pension scheme. The assets of the scheme are held
separately from those of the company in an independently administered fund. The pension cost charge
represents contribution payable by the company to the fund and amounted to £280,120 (2022: £80).


13.


Related party transactions

During the year transactions with the following related parties occurred: 
Creditors include a balance of £1,273,022 (2022: £735,609) due from an entity under common control.


14.


Controlling party

The ultimate controlling party is Bow Village Holdings Limited by virtue of shareholding.

 
Page 11