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Registration number: 13425611

Bosworth Property Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 May 2024

 

Bosworth Property Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Bosworth Property Ltd

Company Information

Director

Kim Thelma Burrage

Registered office

5 Moorland Close
Market Bosworth
Nuneaton
CV13 0NE

 

Bosworth Property Ltd

(Registration number: 13425611)
Balance Sheet as at 31 May 2024

Note

2024
£

2023
£

Fixed assets

 

Investment property

4

148,670

148,670

Current assets

 

Cash at bank and in hand

 

7,816

2,079

Creditors: Amounts falling due within one year

5

(101,065)

(97,891)

Net current liabilities

 

(93,249)

(95,812)

Total assets less current liabilities

 

55,421

52,858

Creditors: Amounts falling due after more than one year

5

(60,499)

(63,562)

Net liabilities

 

(5,078)

(10,704)

Capital and reserves

 

Called up share capital

6

100

100

Retained earnings

(5,178)

(10,804)

Shareholders' deficit

 

(5,078)

(10,704)

For the financial year ending 31 May 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 her 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 in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 22 February 2025
 

.........................................
Kim Thelma Burrage
Director

 

Bosworth Property Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
5 Moorland Close
Market Bosworth
Nuneaton
CV13 0NE

These financial statements were authorised for issue by the director on 22 February 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.

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.

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.

 

Bosworth Property Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024 (continued)

2

Accounting policies (continued)

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.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

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).

4

Investment properties

2024
£

At 1 June

148,670

At 31 May

148,670

 

Bosworth Property Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024 (continued)

5

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

7

3,061

-

Accruals and deferred income

 

3,000

1,800

Other creditors

 

95,004

96,091

 

101,065

97,891

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

7

60,499

63,562

6

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary A of £1 each

60

60

60

60

Ordinary B of £1 each

20

20

20

20

Ordinary C of £1 each

20

20

20

20

 

100

100

100

100

7

Loans and borrowings

2024
£

2023
£

Non-current loans and borrowings

Bank borrowings

60,499

63,562

 

Bosworth Property Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024 (continued)

7

Loans and borrowings (continued)

2024
£

2023
£

Current loans and borrowings

Bank borrowings

3,061

-