IRIS Accounts Production v24.3.2.46 13461452 Board of Directors 1.7.23 30.6.24 30.6.24 0 0 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh134614522023-06-30134614522024-06-30134614522023-07-012024-06-30134614522022-06-30134614522022-07-012023-06-30134614522023-06-3013461452ns15:EnglandWales2023-07-012024-06-3013461452ns14:PoundSterling2023-07-012024-06-3013461452ns10:Director12023-07-012024-06-3013461452ns10:PrivateLimitedCompanyLtd2023-07-012024-06-3013461452ns10:SmallEntities2023-07-012024-06-3013461452ns10:AuditExempt-NoAccountantsReport2023-07-012024-06-3013461452ns10:SmallCompaniesRegimeForDirectorsReport2023-07-012024-06-3013461452ns10:SmallCompaniesRegimeForAccounts2023-07-012024-06-3013461452ns10:FullAccounts2023-07-012024-06-3013461452ns10:Director22023-07-012024-06-3013461452ns10:Director32023-07-012024-06-3013461452ns10:RegisteredOffice2023-07-012024-06-3013461452ns5:CurrentFinancialInstruments2024-06-3013461452ns5:CurrentFinancialInstruments2023-06-3013461452ns5:RetainedEarningsAccumulatedLosses2024-06-3013461452ns5:RetainedEarningsAccumulatedLosses2023-06-3013461452ns5:PlantMachinery2023-07-012024-06-3013461452ns5:PlantMachinery2023-06-3013461452ns5:PlantMachinery2024-06-3013461452ns5:PlantMachinery2023-06-3013461452ns5:WithinOneYearns5:CurrentFinancialInstruments2024-06-3013461452ns5:WithinOneYearns5:CurrentFinancialInstruments2023-06-30
REGISTERED NUMBER: 13461452 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

BISHOP ROCK LIMITED

BISHOP ROCK LIMITED (REGISTERED NUMBER: 13461452)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BISHOP ROCK LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: S G Pound
F Pound
M Pound





REGISTERED OFFICE: Pendennis House
Castle Drive
FALMOUTH
Cornwall
TR11 4NQ





REGISTERED NUMBER: 13461452 (England and Wales)





ACCOUNTANTS: TC Group
The Old Carriage Works
Moresk Road
Truro
Cornwall
TR1 1DG

BISHOP ROCK LIMITED (REGISTERED NUMBER: 13461452)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 40,110 50,040

CURRENT ASSETS
Debtors 5 320 -
Cash at bank 119 57
439 57
CREDITORS
Amounts falling due within one year 6 11,318 30,464
NET CURRENT LIABILITIES (10,879 ) (30,407 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

29,231

19,633

PROVISIONS FOR LIABILITIES 7,621 9,508
NET ASSETS 21,610 10,125

RESERVES
Retained earnings 21,610 10,125
21,610 10,125

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

BISHOP ROCK LIMITED (REGISTERED NUMBER: 13461452)

BALANCE SHEET - continued
30 JUNE 2024


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 21 March 2025 and were signed on its behalf by:





S G Pound - Director


BISHOP ROCK LIMITED (REGISTERED NUMBER: 13461452)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

Bishop Rock 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.

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.

Turnover
Turnover in relation to real estate management is based upon a fixed percentage of turnover of the managed properties.

Turnover from boat chartering services has also commenced during the reporting period. This revenue is recognised as the service is delivered and performance obligations have been satisfied.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on cost and 10% on cost

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.

Going concern
As at the Balance Sheet date the company had net current liabilities of £10,879 (2023: £30,407). However, the Directors consider that the company has adequate resources to meet the obligations as they fall due, therefore they consider the Going Concern basis of preparation to be appropriate.

3. EMPLOYEES AND DIRECTORS

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

BISHOP ROCK LIMITED (REGISTERED NUMBER: 13461452)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023
and 30 June 2024 67,900
DEPRECIATION
At 1 July 2023 17,860
Charge for year 9,930
At 30 June 2024 27,790
NET BOOK VALUE
At 30 June 2024 40,110
At 30 June 2023 50,040

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 320 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 3,227 1,140
Taxation and social security 7,977 1,722
Other creditors 114 27,602
11,318 30,464

7. RELATED PARTY DISCLOSURES

As at the balance sheet date, the company owed the directors £114 (2023 :£25,920). This amount is shown within creditors repayable within one year.

The loan to the company is free of interest and repayable on demand.