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REGISTERED NUMBER: 11279133 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Bowthorpe House Limited

Bowthorpe House Limited (Registered number: 11279133)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Bowthorpe House Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: D R Nicholls
C Wild





REGISTERED OFFICE: 15 Newland
Lincoln
LN1 1XG





REGISTERED NUMBER: 11279133 (England and Wales)





ACCOUNTANTS: Wright Vigar Limited
Chartered Accountants & Business Advisers
15 Newland
Lincoln
Lincolnshire
LN1 1XG

Bowthorpe House Limited (Registered number: 11279133)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 175,826 3,014

CURRENT ASSETS
Debtors 5 1,472 60,896
Cash at bank 17,824 158,454
19,296 219,350
CREDITORS
Amounts falling due within one year 6 311,024 157,278
NET CURRENT (LIABILITIES)/ASSETS (291,728 ) 62,072
TOTAL ASSETS LESS CURRENT
LIABILITIES

(115,902

)

65,086

CREDITORS
Amounts falling due after more than one
year

7

22,715

32,787
NET (LIABILITIES)/ASSETS (138,617 ) 32,299

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings (138,619 ) 32,297
SHAREHOLDERS' FUNDS (138,617 ) 32,299

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 27 January 2025 and were signed on its behalf by:




C Wild - Director



D R Nicholls - Director


Bowthorpe House Limited (Registered number: 11279133)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Bowthorpe House Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost

Financial instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Bowthorpe House Limited (Registered number: 11279133)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Land and Computer
Buildings equipment Totals
£    £    £   
COST
At 1 April 2023 - 9,941 9,941
Additions 175,088 - 175,088
At 31 March 2024 175,088 9,941 185,029
DEPRECIATION
At 1 April 2023 - 6,927 6,927
Charge for year - 2,276 2,276
At 31 March 2024 - 9,203 9,203
NET BOOK VALUE
At 31 March 2024 175,088 738 175,826
At 31 March 2023 - 3,014 3,014

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings - 45,500
Other debtors 1,472 15,396
1,472 60,896

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,072 9,822
Trade creditors 458 1,398
Amounts owed to group undertakings 48,594 83,268
Taxation and social security 42,709 61,590
Other creditors 209,191 1,200
311,024 157,278

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 22,715 32,787

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 32,787 42,609

The Natwest Bounce Back Loan is secured against the debt itself, due to a government scheme.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary voting shares £1 2 2