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Registration number: 02977686

Bondmanor Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 April 2024

 

Bondmanor Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Bondmanor Limited

Company Information

Director

E True

Registered office

590 Green Lanes
London
N13 5RY

Accountants

Thomas Alexander & Company Limited 590 Green Lanes
London
N13 5RY

 

Bondmanor Limited

(Registration number: 02977686)
Balance Sheet as at 30 April 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

10,567

12,511

Investment property

5

560,000

560,000

 

570,567

572,511

Current assets

 

Debtors

6

850,979

770,858

Cash at bank and in hand

 

15,653

62,046

 

866,632

832,904

Creditors: Amounts falling due within one year

7

(58,190)

(35,871)

Net current assets

 

808,442

797,033

Net assets

 

1,379,009

1,369,544

Capital and reserves

 

Called up share capital

8

1,000

1,000

Revaluation reserve

162,928

162,928

Retained earnings

1,215,081

1,205,616

Shareholders' funds

 

1,379,009

1,369,544

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.

Director's 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 director acknowledges 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 28 January 2025
 

.........................................
E True
Director

 

Bondmanor Limited

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 UK.

The address of its registered office is:
590 Green Lanes
London
N13 5RY

These financial statements were authorised for issue by the director on 28 January 2025.

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.

Revenue recognition

Turnover represents amounts derived from rents charged to tenants during the year, and is recognised at the date the rental period occured. This is stated after trade discounts and other sales taxes.

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

Fixtures & fittings

15% reducing balance method

Office equipment

20% straight lin method

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

 

Bondmanor Limited

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

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 represent amounts due from tenants in respect of rents for the occupation of land and property.

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.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

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 the director) during the year, was 1 (2023 - 1).

 

Bondmanor Limited

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

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 May 2023

35,213

35,213

At 30 April 2024

35,213

35,213

Depreciation

At 1 May 2023

22,702

22,702

Charge for the year

1,944

1,944

At 30 April 2024

24,646

24,646

Carrying amount

At 30 April 2024

10,567

10,567

At 30 April 2023

12,511

12,511

5

Investment properties

2024
£

At 1 May

560,000

At 30 April

560,000

The directors have revalued the investment properties based on the valuations of similar properties in the area as at the year end.

6

Debtors

Current

Note

2024
£

2023
£

Trade debtors

 

732

-

Amounts owed by related parties

9

849,125

749,509

Prepayments

 

-

19,991

Other debtors

 

1,122

1,358

   

850,979

770,858

 

Bondmanor Limited

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

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

-

17,264

Accruals and deferred income

55,490

15,907

Other creditors

2,700

2,700

58,190

35,871

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

1,000

1,000

1,000

1,000

       

9

Related party transactions

Summary of transactions with other related parties


Included in debtors is an amount of £814,125 (2023: £714,509) owed from Ezra Attia Ltd, the parent company. Also included in debtors is an amount of £35,000 (2023: £35,000) owed from EA Designers Ltd, a group company.

10

Parent and ultimate parent undertaking

The company is a wholly owned subsidiary of Ezra Attia Ltd, a company incorporated in the UK.