Company Registration No. 10686928 (England and Wales)
Bower & Jones Housing and Development Ltd
Unaudited accounts
for the year ended 31 August 2024
Bower & Jones Housing and Development Ltd
Unaudited accounts
Contents
Bower & Jones Housing and Development Ltd
Company Information
for the year ended 31 August 2024
Company Number
10686928 (England and Wales)
Registered Office
BARTON HOUSE HARTWELL ROAD
WROXHAM
NORWICH
NORFOLK
NR12 8TL
ENGLAND
Accountants
Accounting Associates Norwich Ltd
19 Hartwell Road
Wroxham
Norwich
Norfolk
NR12 8TL
Bower & Jones Housing and Development Ltd
Statement of financial position
as at 31 August 2024
Tangible assets
2,099
1,743
Investment property
305,500
305,500
Cash at bank and in hand
993
600
Creditors: amounts falling due within one year
(1,857)
(1,512)
Net current liabilities
(562)
(624)
Total assets less current liabilities
307,037
306,619
Creditors: amounts falling due after more than one year
(291,353)
(296,597)
Provisions for liabilities
Deferred tax
(10,910)
(9,249)
Called up share capital
202
202
Profit and loss account
4,572
571
Shareholders' funds
4,774
773
For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 28 April 2025 and were signed on its behalf by
Richard Jones
Director
Company Registration No. 10686928
Bower & Jones Housing and Development Ltd
Notes to the Accounts
for the year ended 31 August 2024
Bower & Jones Housing and Development Ltd is a private company, limited by shares, registered in England and Wales, registration number 10686928. The registered office is BARTON HOUSE HARTWELL ROAD, WROXHAM, NORWICH, NORFOLK, NR12 8TL, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Fixtures & fittings
20% reducing balance
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Bower & Jones Housing and Development Ltd
Notes to the Accounts
for the year ended 31 August 2024
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 September 2023
2,286
317
2,603
At 31 August 2024
3,336
317
3,653
At 1 September 2023
631
229
860
Charge for the year
677
17
694
At 31 August 2024
1,308
246
1,554
At 31 August 2024
2,028
71
2,099
At 31 August 2023
1,655
88
1,743
Fair value at 1 September 2023
305,500
Investment property was valued on an open market basis on 31 August 2024 by the directors.
Amounts falling due within one year
Accrued income and prepayments
302
288
7
Creditors: amounts falling due within one year
2024
2023
8
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
121,219
176,228
Loans from directors
170,134
120,369
Aggregate of amounts that fall due for payment after five years
291,353
295,495
Investment property is held as security against the above bank loans.
Bower & Jones Housing and Development Ltd
Notes to the Accounts
for the year ended 31 August 2024
9
Average number of employees
During the year the average number of employees was 2 (2023: 2).