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REGISTERED NUMBER: 11189922 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

Bamboo Living Ltd

Bamboo Living Ltd (Registered number: 11189922)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Statement of Financial Position 1

Notes to the Financial Statements 3


Bamboo Living Ltd (Registered number: 11189922)

Statement of Financial Position
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Investments 4 50 50
Investment property 5 390,000 290,778
390,050 290,828

CURRENT ASSETS
Debtors 6 54,961 33,548
Cash at bank and in hand 525 3,159
55,486 36,707
CREDITORS
Amounts falling due within one year 7 413,756 251,722
NET CURRENT LIABILITIES (358,270 ) (215,015 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

31,780

75,813

CREDITORS
Amounts falling due after more than
one year

8

19,824

22,560
NET ASSETS 11,956 53,253

Bamboo Living Ltd (Registered number: 11189922)

Statement of Financial Position - continued
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 10 65,100 80,100
Fair value reserve 11 13,105 -
Retained earnings (66,249 ) (26,847 )
SHAREHOLDERS' FUNDS 11,956 53,253

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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 25 February 2025 and were signed on its behalf by:




Mr Mark Charles Wilkinson - Director



Mrs Emma Louise Knights - Director


Bamboo Living Ltd (Registered number: 11189922)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Bamboo Living Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 11189922

Registered office: 17 Hillmont Road
Esher
Surrey
KT10 9BA

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 as modified by the revaluation of certain assets.

Turnover
Turnover represents the fair value of rent received or receivable from the investment properties, excluding discounts, rebates, value added tax and other sales taxes.

Investment property
Investment properties are shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 statement of financial position date.


Bamboo Living Ltd (Registered number: 11189922)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 1 ) .

4. FIXED ASSET INVESTMENTS
Unlisted
investment
£   
COST
At 1 March 2023
and 29 February 2024 50
NET BOOK VALUE
At 29 February 2024 50
At 28 February 2023 50

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2023 290,778
Additions 86,117
Revaluations 13,105
At 29 February 2024 390,000
NET BOOK VALUE
At 29 February 2024 390,000
At 28 February 2023 290,778

Bamboo Living Ltd (Registered number: 11189922)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

5. INVESTMENT PROPERTY - continued

Investment property situated at 102 Penygraig Road, Penygraig, Tonypandy, CF40 1HB is under a charge from Ascot Bridging Finance 2 Limited. The charge was created on 20th March 2022.

Investment property situated at 103 Penygraig Road, Penygraig, Tonypandy, CF40 1HB is under a charge from Ascot Bridging Finance 2 Limited. The charge was created on 20th December 2022.

Investment property situated at 171 Court Street, Tonypandy, CF40 2RJ is under a charge from Onesavings Bank PLC. The charge was created on 24th November 2023.

Fair value at 29 February 2024 is represented by:
£   
Valuation in 2024 13,105
Cost 376,895
390,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Other debtors 54,961 33,548

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans and overdrafts 248,975 150,972
Other creditors 164,781 100,750
413,756 251,722

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans 19,824 22,560

Bamboo Living Ltd (Registered number: 11189922)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

9. SECURED DEBTS

The following secured debts are included within creditors:

29.2.24 28.2.23
£    £   
Bank loans 268,799 173,532

The loan amounting to £96,067 is secured by the way of charge on the property situated at 102 Penygraig Road, Penygraig, Tonypandy, CF40 1HB (disclosed as investment property). The charge was created in the name of Ascot Bridging Finance 2 Limited on 20th December 2022.

The loan amounting to £39,058 is secured by the way of charge on the property situated at 103 Penygraig Road, Penygraig, Tonypandy, CF40 1HB (disclosed as investment property). The charge was created in the name of Ascot Bridging Finance 2 Limited on 20th December 2022.

The loan amounting to £113,850 is secured by the way of charge on the property situated at 171 Court Street, Tonypandy, CF40 2RJ (disclosed as investment property). The charge was created in the name of Onesavings Bank PLC on 24th November 2023.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29.2.24 28.2.23
value: £    £   
100 Ordinary £1 100 100
13 Class A Redeemable £5,00 0 65,000 80,000
65,100 80,100

11. RESERVES
Fair
value
reserve
£   
Transfer to/from reserves 13,105

At 29 February 2024 13,105

Bamboo Living Ltd (Registered number: 11189922)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

12. RELATED PARTY DISCLOSURES

The company owes £2,086 (2023: was owed £4,984) from its director, Mr Mark Charles Wilkinson who is also a 50% shareholder of the company as at accounting year end date.

The company was owed £360 (2023: £360) as at accounting year end date from Court Street Limited, a company registered in United Kingdom (Company registered number: 13805854). Mr Mark Charles Wilkinson is also a director and 50% shareholder of this company.

The company owes £37,500 (2023: £37,500) as at accounting year end date to Momentum Developments Ltd, a company registered in United Kingdom (Company registered number: 11564187). Mr Mark Charles Wilkinson and Miss Emma-Louise Knights are also directors and shareholders of this company holding 25% each in this company.

The company owes £28,876 (2023: £48,000) as at accounting year end date to Hillmont Associates Limited, a company registered in United Kingdom (Company registered number: 11895646). Mr Mark Charles Wilkinson is also a director and sole shareholder of this company.

The company owes £9,200 (2023: £14,000) as at accounting year end date to Life Remixed Ltd, a company registered in United Kingdom (Company registered number: 11607510). Mr Mark Charles Wilkinson is also a director and sole shareholder of this company.

The company was owed £52,976 from Westbank Ltd, a company registered in United Kingdom (Company registered number: 10769302) as at accounting year end date. Mr Mark Charles Wilkinson and Miss Emma-Louise Knights are also directors and shareholders of this company holding 50% each in this company.