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REGISTERED NUMBER: 02401216 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

FOR

BONE BROS LIMITED

BONE BROS LIMITED (REGISTERED NUMBER: 02401216)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BONE BROS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2025







DIRECTORS: J C Bone-Ridley
G H Ridley
H J Ridley





SECRETARY: D R Bone





REGISTERED OFFICE: Victoria House
26 Queen Victoria Street
Reading
Berkshire
RG1 1TG





REGISTERED NUMBER: 02401216 (England and Wales)

BONE BROS LIMITED (REGISTERED NUMBER: 02401216)

BALANCE SHEET
31 JANUARY 2025

31.1.25 31.1.24
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,409 7,795
Investment property 5 2,100,000 2,100,000
2,106,409 2,107,795

CURRENT ASSETS
Cash at bank 861 2,930

CREDITORS
Amounts falling due within one year 6 136,170 117,958
NET CURRENT LIABILITIES (135,309 ) (115,028 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,971,100

1,992,767

PROVISIONS FOR LIABILITIES 324,200 324,200
NET ASSETS 1,646,900 1,668,567

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Revaluation reserve 1,536,528 1,536,528
Retained earnings 100,372 122,039
SHAREHOLDERS' FUNDS 1,646,900 1,668,567

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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.

BONE BROS LIMITED (REGISTERED NUMBER: 02401216)

BALANCE SHEET - continued
31 JANUARY 2025


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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 April 2025 and were signed on its behalf by:





J C Bone-Ridley - Director


BONE BROS LIMITED (REGISTERED NUMBER: 02401216)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025

1. STATUTORY INFORMATION

Bone Bros Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 02401216 and the registered office is Victoria House, 26 Queen Victoria Street, Reading, RG1 1TG.

The principal activity of the company is the year under review was that of commercial property lettings and management.

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 as modified by the revaluation of certain assets.

The financial statements are presented in Pound Sterling (£), which is also the functional currency of the company.

Significant judgements and estimates
In the application of the company's accounting policies management is required to make judgements, estimates and assumptions about the carrying value of assets and liabilities that are not readily apparent from other sources. The accounting estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The accounting estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of revision and future periods if the revision affects both current and future periods.

The key sources of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements are considered to be the valuation of investment property. As described in the notes to the accounts, investment property is stated at fair value based on the valuation performed by independent professional valuers with experience in the location and category of property valued. The valuers have used observable market prices adjusted as necessary for any difference in the future and condition of the property.

Turnover
Revenue (described as Turnover) is measured at the fair value of consideration receivable. Revenue from property rental and related service charges is recognised as it becomes receivable under leasehold agreements.

BONE BROS LIMITED (REGISTERED NUMBER: 02401216)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2025

2. ACCOUNTING POLICIES - continued

Tangible fixed assets
Tangible assets are stated at cost less accumulated depreciation and any accumulated impairment losses.Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery- 25% reducing balance basis
Motor vehicles- 25% reducing balance basis

At each reporting date, the company reviews the carrying amounts of its tangible fixed assets to determine whether there is any indication of impairment. Any impairment is charged to profit or loss.

Investment property
The investment property has been included in the accounts at market value. This is considered on an annual basis by the directors. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, and loans to related parties.

Short term debtors are measured at transaction price, less any impairment. Short term creditors are measured at transaction price.

Taxation
Tax on profit represents the sum of the tax currently payable and deferred tax.

Current tax is the amount of income tax payable in respect of the taxable profit for the year or prior
years. Tax is calculated on the basis of tax rates and laws that have been enacted or substantively
enacted by the period end.

Deferred tax arises from timing differences that are differences between taxable profits and total
comprehensive income as stated in the financial statements. These 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 recognised on all timing differences at the reporting date. Unrelieved tax losses and
other deferred tax assets are only recognised when it is probable that they will be recovered against
the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by
the period end and that are expected to apply to the reversal of the timing difference.

BONE BROS LIMITED (REGISTERED NUMBER: 02401216)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2025

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The obligation for contributions to defined contribution schemes are recognised as an expense as incurred. Pension scheme assets of are held separately from the company in independent administered funds.

Going concern
The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 February 2024 6,022 18,069 24,091
Additions 1,386 - 1,386
At 31 January 2025 7,408 18,069 25,477
DEPRECIATION
At 1 February 2024 3,944 12,352 16,296
Charge for year 866 1,906 2,772
At 31 January 2025 4,810 14,258 19,068
NET BOOK VALUE
At 31 January 2025 2,598 3,811 6,409
At 31 January 2024 2,078 5,717 7,795

BONE BROS LIMITED (REGISTERED NUMBER: 02401216)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2025

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2024
and 31 January 2025 2,100,000
NET BOOK VALUE
At 31 January 2025 2,100,000
At 31 January 2024 2,100,000

Investment property was valued at £2,100,000 on an open market basis on 3 August 2022 by Quinton Edwards, Chartered Surveyors. The directors consider the fair value of investment property is an appropriate estimation of the open market value as at 31 January 2025.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.25 31.1.24
£    £   
Bank loans and overdrafts 4,182 -
Taxation and social security 128,296 115,380
Other creditors 3,692 2,578
136,170 117,958