Company No:
Contents
Note | 31.12.2024 | 31.03.2024 | ||
£ | £ | |||
Fixed assets | ||||
Investments | 3 |
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0 | 5,000,000 | |||
Current assets | ||||
Debtors | 4 |
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Cash at bank and in hand |
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200 | 4,106,506 | |||
Creditors: amounts falling due within one year | 5 |
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Net current assets | 200 | 138,962 | ||
Total assets less current liabilities | 200 | 5,138,962 | ||
Net assets |
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Capital and reserves | ||||
Called-up share capital | 6 |
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Profit and loss account |
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Total shareholder's funds |
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Directors' responsibilities:
These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Bonum Ltd (registered number:
P A Dickinson
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period and to the preceding financial year, unless otherwise stated.
Bonum Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Unit 2 Barton Manor, Bristol, BS2 0RL, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.
The financial statements have been prepared on a basis other than the going concern basis of preparation. The directors have included in the financial statements any provision for future costs of terminating the business, which were committed to at the balance sheet date.
Group accounts exemption s399
The Company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the Company as an individual entity and not about its group.
These accounts have been prepared for the short period of account from 1 April 2024 through to 12 December 2024. The comparative amounts are for the 12 month period to 31 March 2024 and therefore may not be entirely comparable.
Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.
Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.
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.
Period from 01.04.2024 to 31.12.2024 |
Year ended 31.03.2024 |
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Number | Number | ||
Monthly average number of persons employed by the Company during the period, including directors |
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Investments in subsidiaries
31.12.2024 | |
£ | |
Cost | |
At 01 April 2024 |
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Disposal of investment | (5,000,000) |
At 31 December 2024 |
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Carrying value at 31 December 2024 |
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Carrying value at 31 March 2024 |
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31.12.2024 | 31.03.2024 | ||
£ | £ | ||
Amounts owed by Parent undertakings |
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Amounts owed by directors |
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31.12.2024 | 31.03.2024 | ||
£ | £ | ||
Amounts owed to own subsidiaries |
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Amounts owed to directors |
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Accruals |
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31.12.2024 | 31.03.2024 | ||
£ | £ | ||
Allotted, called-up and fully-paid | |||
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0.10 | 1,000.00 | ||
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200.10 | 2,001,000.00 |
Transactions with the entity's directors
31.12.2024 | 31.03.2024 | ||
£ | £ | ||
Dividends received by a director during the year. | 0 | 50,000 |
The company has taken advantage of the exemption available under FRS 102 section 1A.C.35 to not disclose transactions within a wholly owned group.