Silverfin false false 31/12/2024 01/01/2024 31/12/2024 Mr J C Bowell 06/07/2004 Mrs M Bowell 06/07/2004 21 February 2025 The principal activity of the company during the year is the operation of a caravan site. 05172280 2024-12-31 05172280 bus:Director1 2024-12-31 05172280 bus:Director2 2024-12-31 05172280 2023-12-31 05172280 core:CurrentFinancialInstruments 2024-12-31 05172280 core:CurrentFinancialInstruments 2023-12-31 05172280 core:Non-currentFinancialInstruments 2024-12-31 05172280 core:Non-currentFinancialInstruments 2023-12-31 05172280 core:ShareCapital 2024-12-31 05172280 core:ShareCapital 2023-12-31 05172280 core:RetainedEarningsAccumulatedLosses 2024-12-31 05172280 core:RetainedEarningsAccumulatedLosses 2023-12-31 05172280 core:Goodwill 2023-12-31 05172280 core:Goodwill 2024-12-31 05172280 core:LandBuildings 2023-12-31 05172280 core:OtherPropertyPlantEquipment 2023-12-31 05172280 core:LandBuildings 2024-12-31 05172280 core:OtherPropertyPlantEquipment 2024-12-31 05172280 2024-01-01 2024-12-31 05172280 bus:FilletedAccounts 2024-01-01 2024-12-31 05172280 bus:SmallEntities 2024-01-01 2024-12-31 05172280 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 05172280 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 05172280 bus:Director1 2024-01-01 2024-12-31 05172280 bus:Director2 2024-01-01 2024-12-31 05172280 core:OtherPropertyPlantEquipment 2024-01-01 2024-12-31 05172280 2023-01-01 2023-12-31 05172280 core:LandBuildings 2024-01-01 2024-12-31 05172280 core:Non-currentFinancialInstruments 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure

Company No: 05172280 (England and Wales)

JC BOWELL DEVELOPMENTS LIMITED

Unaudited Financial Statements
For the financial year ended 31 December 2024
Pages for filing with the registrar

JC BOWELL DEVELOPMENTS LIMITED

Unaudited Financial Statements

For the financial year ended 31 December 2024

Contents

JC BOWELL DEVELOPMENTS LIMITED

BALANCE SHEET

As at 31 December 2024
JC BOWELL DEVELOPMENTS LIMITED

BALANCE SHEET (continued)

As at 31 December 2024
Note 2024 2023
£ £
Fixed assets
Intangible assets 4 962,500 962,500
Tangible assets 5 2,336,804 2,198,769
3,299,304 3,161,269
Current assets
Stocks 89,882 0
Debtors 6 448,753 471,320
Cash at bank and in hand 90,452 120,383
629,087 591,703
Creditors: amounts falling due within one year 7 ( 526,813) ( 514,699)
Net current assets 102,274 77,004
Total assets less current liabilities 3,401,578 3,238,273
Creditors: amounts falling due after more than one year 8 ( 2,154,554) ( 2,036,429)
Net assets 1,247,024 1,201,844
Capital and reserves
Called-up share capital 1,000 1,000
Profit and loss account 1,246,024 1,200,844
Total shareholders' funds 1,247,024 1,201,844

For the financial year ending 31 December 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of JC Bowell Developments Limited (registered number: 05172280) were approved and authorised for issue by the Board of Directors on 21 February 2025. They were signed on its behalf by:

Mr J C Bowell
Director
JC BOWELL DEVELOPMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
JC BOWELL DEVELOPMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

JC Bowell Developments Limited (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 Bryn Cethin Bach, Abersoch, Pwllheli, LL53 7UL, Wales, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and 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 £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Intangible assets

Goodwill represents the apportioned cost of inherent goodwill in relation to the purchase of a caravan site. Goodwill is considered to be inherent in nature and linked to the purchase of land and has not been amortised.

Goodwill not amortised
Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings not depreciated
Plant and machinery etc. 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Financial instruments

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.

2. Critical accounting judgements and key sources of estimation uncertainty

In the application of the Company’s accounting policies, the directors are required to make judgements that have a significant impact on the amounts recognised. The following are the critical judgements that the directors have made in the process of applying the Company’s accounting policies and that have the most significant effect on the amounts recognised in the financial statements.

3. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

4. Intangible assets

Goodwill Total
£ £
Cost
At 01 January 2024 962,500 962,500
At 31 December 2024 962,500 962,500
Accumulated amortisation
At 01 January 2024 0 0
At 31 December 2024 0 0
Net book value
At 31 December 2024 962,500 962,500
At 31 December 2023 962,500 962,500

5. Tangible assets

Land and buildings Plant and machinery etc. Total
£ £ £
Cost
At 01 January 2024 2,157,548 89,017 2,246,565
Additions 148,340 0 148,340
At 31 December 2024 2,305,888 89,017 2,394,905
Accumulated depreciation
At 01 January 2024 0 47,796 47,796
Charge for the financial year 0 10,305 10,305
At 31 December 2024 0 58,101 58,101
Net book value
At 31 December 2024 2,305,888 30,916 2,336,804
At 31 December 2023 2,157,548 41,221 2,198,769

6. Debtors

2024 2023
£ £
Trade debtors 323,204 354,444
Other debtors 125,549 116,876
448,753 471,320

7. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 48,000 19,208
Taxation and social security 86,201 115,989
Other creditors 392,612 379,502
526,813 514,699

8. Creditors: amounts falling due after more than one year

2024 2023
£ £
Bank loans 1,600,000 1,600,000
Other creditors 554,554 436,429
2,154,554 2,036,429

The bank loan of £1,600,000 is secured by a fixed and floating charge over the assets of the company.