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REGISTERED NUMBER: 13390523 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

BOUNCES PROPERTIES LIMITED

BOUNCES PROPERTIES LIMITED (REGISTERED NUMBER: 13390523)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BOUNCES PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTOR: S O Posen





REGISTERED OFFICE: Building B ,Occ Estate ,105 Eade Road .
London
N4 1TJ





REGISTERED NUMBER: 13390523 (England and Wales)





ACCOUNTANTS: Venitt and Greaves
Chartered Accountants
115 Craven Park Road
South Tottenham
London
N15 6BL

BOUNCES PROPERTIES LIMITED (REGISTERED NUMBER: 13390523)

BALANCE SHEET
31 MAY 2024

31.5.24 31.5.23
Notes £    £   
FIXED ASSETS
Investment property 5 1,498,411 468,744

CURRENT ASSETS
Debtors 6 - 6,917
Cash at bank 979 -
979 6,917
CREDITORS
Amounts falling due within one year 7 (967,851 ) (472,737 )
NET CURRENT LIABILITIES (966,872 ) (465,820 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

531,539

2,924

CREDITORS
Amounts falling due after more than one
year

8

(535,615

)

-
NET (LIABILITIES)/ASSETS (4,076 ) 2,924

CAPITAL AND RESERVES
Called up share capital 9 1 1
Retained earnings 10 (4,077 ) 2,923
SHAREHOLDERS' (DEFICIT)/FUNDS (4,076 ) 2,924

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

BOUNCES PROPERTIES LIMITED (REGISTERED NUMBER: 13390523)

BALANCE SHEET - continued
31 MAY 2024


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 Income Statement has not been delivered.

The financial statements were approved and authorised for issue by the director and authorised for issue on 22 May 2025 and were signed by:





S O Posen - Director


BOUNCES PROPERTIES LIMITED (REGISTERED NUMBER: 13390523)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1. STATUTORY INFORMATION

Bounces Properties Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents net rent receivable, excluding value added tax.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2023 468,744
Additions 1,029,667
At 31 May 2024 1,498,411
NET BOOK VALUE
At 31 May 2024 1,498,411
At 31 May 2023 468,744

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors - 6,917

BOUNCES PROPERTIES LIMITED (REGISTERED NUMBER: 13390523)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade creditors 115,396 -
Tax 699 699
Other creditors 376,249 1,651
Loan creditors 473,947 468,947
Accrued expenses 1,560 1,440
967,851 472,737

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.24 31.5.23
£    £   
Bank loans more 5 yrs non-inst 535,615 -

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 535,615 -

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.24 31.5.23
value: £    £   
1 Ordinary £1 1 1

10. RESERVES
Retained
earnings
£   

At 1 June 2023 2,923
Deficit for the year (7,000 )
At 31 May 2024 (4,077 )

11. ULTIMATE CONTROLLING PARTY

The controlling party is S O Posen.