Registered number
00663205
G.E.Bowra Group Limited
Accounts for the year ended
30 June 2024
G.E.Bowra Group Limited
Registered number: 00663205
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 39,625 55,903
Investments 4 12,530,088 12,024,247
12,569,713 12,080,150
Current assets
Stocks 1,036,495 989,660
Debtors 5 174,918 186,709
Cash at bank and in hand 92,936 58,037
1,304,349 1,234,406
Creditors: amounts falling due within one year 6 (411,062) (314,377)
Net current assets 893,287 920,029
Total assets less current liabilities 13,463,000 13,000,179
Creditors: amounts falling due after more than one year 7 (5,783,099) (5,356,245)
Provisions for liabilities (1,652,516) (1,652,516)
Net assets 6,027,385 5,991,418
Capital and reserves
Called up share capital 100,000 100,000
Share premium 256,000 256,000
Profit and loss account 7,021,345 7,021,345
Profit and loss account (1,349,960) (1,385,927)
Shareholders' funds 6,027,385 5,991,418
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
G E A Bowra
Director
Approved by the board on 24 March 2025
G.E.Bowra Group Limited
Notes to the Accounts
for the year ended 30 June 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Depreciation is provided by the company to write off the cost or valuation less estimated residual value of its tangible fixed assets over their expected useful lives as follows:
Plant and machinery 10% reducing balance
Motor vehicles 25% reducing balance
No depreciation is provided on Freehold land and investment properties
Freehold Investment property
Investment properties are revalued annually and any surplus or deficit is dealt with through the
profit and loss account. No depreciation is provided in respect of investment properties
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Deferred Taxation
Full provision is made for deferred tax assets and liabilities arising from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 8 8
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 July 2023 75,282 80,480 155,762
Disposals - - (19,034) (19,034)
At 30 June 2024 75,282 61,446 136,728
Depreciation
At 1 July 2023 59,410 40,449 99,859
Charge for the year 1,754 8,502 10,256
On disposals - - (13,012) (13,012)
At 30 June 2024 61,164 35,939 97,103
Net book value
At 30 June 2024 14,118 25,507 39,625
At 30 June 2023 15,872 40,031 55,903
4 Investments
Freehold
Investment
property Total
£ £
Valuation
At 1 July 2023 12,024,247 12,024,247
Additions during the year 505,841 505,841
At 30 June 2024 12,530,088 12,530,088
Historical cost
At 1 July 2023 1,799,970
At 30 June 2024 2,071,766
The freehold investment property was revalued by the directors as at 30 June 2024.
Tax of approximately £1,652,516 would be payable if the properties were to be sold at these values
5 Debtors 2024 2023
£ £
Trade debtors 141,248 126,693
Other debtors 33,670 60,016
174,918 186,709
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 179,057 121,550
Trade creditors 40,078 40,648
Taxation and social security costs 22,371 14,164
Other creditors 169,556 138,015
411,062 314,377
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 5,783,099 5,356,245
5,783,099 5,356,245
8 Loans 2024 2023
£ £
Creditors include:
Instalments falling due for payment after more than five years 66,500 67,500
66,500 67,500
Secured loans 5,783,422 5,436,245
The loans are secured by charges over the company`s properties
9 Controlling party
The ultimate controlling party is G E Bowra
10 Other information
G.E.Bowra Group Limited is a private company limited by shares and incorporated in England. Its registered office is:
Cliff House
Cliff Street
Ramsgate
Kent
CT11 9HY
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