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Company No: 10605261 (England and Wales)

BONKERS PROPERTIES LIMITED

Unaudited Financial Statements
For the financial year ended 30 June 2024
Pages for filing with the registrar

BONKERS PROPERTIES LIMITED

Unaudited Financial Statements

For the financial year ended 30 June 2024

Contents

BONKERS PROPERTIES LIMITED

COMPANY INFORMATION

For the financial year ended 30 June 2024
BONKERS PROPERTIES LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 30 June 2024
DIRECTORS Ian Birtles
Michele Birtles
REGISTERED OFFICE Tejeda
Wych Hill Way
Woking
GU22 0AE
United Kingdom
COMPANY NUMBER 10605261 (England and Wales)
BONKERS PROPERTIES LIMITED

BALANCE SHEET

As at 30 June 2024
BONKERS PROPERTIES LIMITED

BALANCE SHEET (continued)

As at 30 June 2024
Note 2024 2023
£ £
Fixed assets
Investment property 3 992,224 683,224
992,224 683,224
Current assets
Debtors 4 1,711 100
Cash at bank and in hand 5 4,921 1,559
6,632 1,659
Creditors: amounts falling due within one year 6 ( 2,507) ( 2,678)
Net current assets/(liabilities) 4,125 (1,019)
Total assets less current liabilities 996,349 682,205
Creditors: amounts falling due after more than one year 7 ( 1,034,480) ( 705,383)
Net liabilities ( 38,131) ( 23,178)
Capital and reserves
Called-up share capital 100 100
Profit and loss account ( 38,231 ) ( 23,278 )
Total shareholders' deficit ( 38,131) ( 23,178)

For the financial year ending 30 June 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 Bonkers Properties Limited (registered number: 10605261) were approved and authorised for issue by the Board of Directors on 24 March 2025. They were signed on its behalf by:

Ian Birtles
Director
BONKERS PROPERTIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2024
BONKERS PROPERTIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 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

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.

The directors have indicated that they will support the company in the management of the day to day cashflow requirements in the following 12 month period but are of the opinion that the anticipated income receivable will be sufficient to settle any amounts due in that period.

Turnover

Turnover is measured at the fair value of rent received or receivable.

Investment property

Investment property is 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 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.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 0 0

3. Investment property

Investment property
£
Valuation
As at 01 July 2023 683,224
Additions 309,000
As at 30 June 2024 992,224

Valuation

A full market valuation of investment property was completed by the director at the statement of financial position date. The comparison approach was used for all residential properties which involved reviewing recent market evidence from the sales of similar properties during the period.

4. Debtors

2024 2023
£ £
Other debtors 1,711 100

5. Cash and cash equivalents

2024 2023
£ £
Cash at bank and in hand 4,921 1,559

6. Creditors: amounts falling due within one year

2024 2023
£ £
Taxation and social security 307 278
Other creditors 2,200 2,400
2,507 2,678

There are no amounts included above in respect of which any security has been given by the small entity.

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

2024 2023
£ £
Bank loans (secured) 299,073 168,870
Other creditors 735,407 536,513
1,034,480 705,383

The Company's bank loans are secured by way of fixed charges over four of the Company's investment properties.

8. Related party transactions

Transactions with the entity's directors

2024 2023
£ £
Loan from the directors to the Company 735,407 536,513

The loan has no fixed repayment date and attracts no interest. The directors have indicated that they will not seek repayment of the loan until the company has sufficient cashflow resources to do so.