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Company Registration No. 06323935 (England and Wales)
Bondswell Properties Limited Unaudited accounts for the year ended 31 July 2024
Bondswell Properties Limited Unaudited accounts Contents
Page
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Bondswell Properties Limited Company Information for the year ended 31 July 2024
Directors
Doreen Bondswell Michael Alexander Bondswell
Secretary
Doreen Bondswell
Company Number
06323935 (England and Wales)
Registered Office
6 Edison Village Nottingham Science & Technology Park Nottingham NG7 2RF England
Accountants
Archimedia Accounts 6 Edison Village Nottingham Science & Technology Park Nottingham Nottinghamshire NG72RF
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Bondswell Properties Limited Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
135 
180 
Investment property
1,597,045 
1,189,207 
1,597,180 
1,189,387 
Current assets
Cash at bank and in hand
107,584 
115,596 
Creditors: amounts falling due within one year
(383,729)
(386,521)
Net current liabilities
(276,145)
(270,925)
Total assets less current liabilities
1,321,035 
918,462 
Creditors: amounts falling due after more than one year
(916,547)
(916,011)
Provisions for liabilities
Deferred tax
(77,084)
- 
Net assets
327,404 
2,451 
Capital and reserves
Called up share capital
2 
2 
Fair value reserve
328,534 
- 
Profit and loss account
(1,132)
2,449 
Shareholders' funds
327,404 
2,451 
For the year ending 31 July 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 17 January 2025 and were signed on its behalf by
Michael Alexander Bondswell Director Company Registration No. 06323935
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Bondswell Properties Limited Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
Bondswell Properties Limited is a private company, limited by shares, registered in England and Wales, registration number 06323935. The registered office is 6 Edison Village, Nottingham Science & Technology Park, Nottingham, NG7 2RF, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
25% reducing balance
Deferred taxation
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 accounts. 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 current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
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Bondswell Properties Limited Notes to the Accounts for the year ended 31 July 2024
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 August 2023
240 
At 31 July 2024
240 
Depreciation
At 1 August 2023
60 
Charge for the year
45 
At 31 July 2024
105 
Net book value
At 31 July 2024
135 
At 31 July 2023
180 
5
Investment property
2024 
£ 
Fair value at 1 August 2023
1,189,207 
Additions
2,240 
Net gain from fair value adjustments
405,598 
At 31 July 2024
1,597,045 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
- 
771 
Loans from directors
383,729 
384,750 
Accruals
- 
1,000 
383,729 
386,521 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
916,547 
916,011 
Charges are held by the following banks, over the following properties: Paragon Bank PLC - 5 chestnut grove, west bridgford, nottingham, NG2 7JG Charter Court Financial Services Limited - 236 queens road. Beeston. Nottingham. NG9 2BG Landbay Partners Limited - 59 albert avenue, nottingham, NG8 5BE Paragon Bank PLC - 248 wollaton road, beeston, nottingham, NG9 2PP Paragon Bank PLC - 62 meadow road, beeston, nottingham, NG9 1JT Charter Court Financial Services Limited - 6 ralf close, west bridgford, nottingham, NG2 7AZ
8
Transactions with related parties
During the year interest free loans were made available to the business by directors of £383729 (2023: £384750)
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Bondswell Properties Limited Notes to the Accounts for the year ended 31 July 2024
9
Average number of employees
During the year the average number of employees was 1 (2023: 2).
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