Company No:
Contents
DIRECTORS | Ian Birtles |
Michele Birtles |
REGISTERED OFFICE | Tejeda |
Wych Hill Way | |
Woking | |
GU22 0AE | |
United Kingdom |
COMPANY NUMBER | 10605261 (England and Wales) |
Note | 2024 | 2023 | ||
£ | £ | |||
Fixed assets | ||||
Investment property | 3 |
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992,224 | 683,224 | |||
Current assets | ||||
Debtors | 4 |
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Cash at bank and in hand | 5 |
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6,632 | 1,659 | |||
Creditors: amounts falling due within one year | 6 | (
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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 | (
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Net liabilities | (
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Capital and reserves | ||||
Called-up share capital |
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Profit and loss account | (
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Total shareholders' deficit | (
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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:
Ian Birtles
Director |
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.
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.
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 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.
2024 | 2023 | ||
Number | Number | ||
Monthly average number of persons employed by the Company during the year, including directors |
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Investment property | |
£ | |
Valuation | |
As at 01 July 2023 |
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Additions | 309,000 |
As at 30 June 2024 |
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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.
2024 | 2023 | ||
£ | £ | ||
Other debtors |
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2024 | 2023 | ||
£ | £ | ||
Cash at bank and in hand |
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2024 | 2023 | ||
£ | £ | ||
Taxation and social security |
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Other creditors |
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2024 | 2023 | ||
£ | £ | ||
Bank loans (secured) |
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Other creditors |
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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.