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Unaudited Financial Statements

for the Year Ended 30 June 2024

for

Bocking Homes Limited

Bocking Homes Limited (Registered number: 10818893)

Contents of the Financial Statements
for the Year Ended 30 June 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Bocking Homes Limited

Company Information
for the Year Ended 30 June 2024







DIRECTOR: N Marquez Arnedo





REGISTERED OFFICE: 8-10 South Street
Epsom
Surrey
KT18 7PF





REGISTERED NUMBER: 10818893 (England and Wales)





ACCOUNTANTS: Williams & Co Epsom LLP
Chartered Accountants
8-10 South Street
Epsom
Surrey
KT18 7PF

Bocking Homes Limited (Registered number: 10818893)

Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 53,592 70,678
Investments 5 500 400
Investment property 6 832,942 1,052,942
887,034 1,124,020

CURRENT ASSETS
Stocks 7 394,777 468,607
Debtors 8 1,100,417 624,329
Cash at bank 63,601 4,409
1,558,795 1,097,345
CREDITORS
Amounts falling due within one year 9 877,772 990,232
NET CURRENT ASSETS 681,023 107,113
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,568,057

1,231,133

CREDITORS
Amounts falling due after more than one
year

10

(1,407,114

)

(1,256,947

)

PROVISIONS FOR LIABILITIES 12 (13,417 ) (15,624 )
NET ASSETS/(LIABILITIES) 147,526 (41,438 )

CAPITAL AND RESERVES
Called up share capital 13 100 100
Fair value reserve 14 135,654 135,654
Retained earnings 11,772 (177,192 )
SHAREHOLDERS' FUNDS 147,526 (41,438 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

Bocking Homes Limited (Registered number: 10818893)

Balance Sheet - continued
30 June 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 13 June 2025 and were signed by:





N Marquez Arnedo - Director


Bocking Homes Limited (Registered number: 10818893)

Notes to the Financial Statements
for the Year Ended 30 June 2024


1. STATUTORY INFORMATION

Bocking Homes 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.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Investment property
The properties were revalued by the director at the year end. The director believes that the valuation represents an appropriate fair value as at 30 June 2024.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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
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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

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

Bocking Homes Limited (Registered number: 10818893)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024


4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 July 2023 380 5,355 85,166 4,675 95,576
Disposals - - (22,626 ) - (22,626 )
At 30 June 2024 380 5,355 62,540 4,675 72,950
DEPRECIATION
At 1 July 2023 315 1,338 19,831 3,414 24,898
Charge for year 65 1,067 6,254 651 8,037
Eliminated on disposal - - (13,577 ) - (13,577 )
At 30 June 2024 380 2,405 12,508 4,065 19,358
NET BOOK VALUE
At 30 June 2024 - 2,950 50,032 610 53,592
At 30 June 2023 65 4,017 65,335 1,261 70,678

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 July 2023
and 30 June 2024 85,166
DEPRECIATION
At 1 July 2023 19,831
Charge for year 8,517
At 30 June 2024 28,348
NET BOOK VALUE
At 30 June 2024 56,818
At 30 June 2023 65,335

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 July 2023 400
Additions 100
At 30 June 2024 500
NET BOOK VALUE
At 30 June 2024 500
At 30 June 2023 400

Fixed asset investments relate to 100% of the share capital in Bocking Moon Ltd & Valley Road SPV Ltd & 50% of of the share capital in Kirby SPV Ltd, Quarry Hill SPV Ltd, Chinese Hunter SPV Ltd, Bocking Thorpe High St SPV Ltd, Widdington SPV Ltd & Thorpe Road SPV Ltd, companies registered in England & Wales.

Bocking Homes Limited (Registered number: 10818893)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024


6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023 1,052,942
Disposals (220,000 )
At 30 June 2024 832,942
NET BOOK VALUE
At 30 June 2024 832,942
At 30 June 2023 1,052,942

Fair value at 30 June 2024 is represented by:
£   
Valuation in 2019 167,474
Cost 665,468
832,942

7. STOCKS
2024 2023
£    £   
Stocks 394,777 468,607

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 10 -
Amounts owed by group undertakings 1,039,582 587,879
Other debtors 60,000 5,188
VAT 825 7,069
Prepayments - 24,193
1,100,417 624,329

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,098 9,776
Other loans - 150,000
Hire purchase contracts 10,292 9,451
Trade creditors 200 9,411
Amounts owed to group undertakings 14,195 14,195
Other creditors 400 12
Directors' loan accounts 840,787 795,587
Accruals and deferred income 1,800 1,800
877,772 990,232

Bocking Homes Limited (Registered number: 10818893)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024


10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 10,429 10,098
Bank loans - 2-5 years 1,069 11,498
Bank loans more 5 yrs non-inst 1,372,202 1,201,645
Hire purchase contracts 23,414 33,706
1,407,114 1,256,947

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 1,372,202 1,201,645

11. SECURED DEBTS

There are two mortgages of 25 years and charges over land invested in by the company amounting to £997,281. These charges are secured on the properties held by the company and are registered at Companies House.

12. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 13,417 15,624

Deferred
tax
£   
Balance at 1 July 2023 15,624
Credit to Statement of Income and Retained Earnings during year (2,207 )
Balance at 30 June 2024 13,417

13. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

14. RESERVES

The fair value reserve represents the cumulative effect of revaluations of buildings which are revalued to fair value at the reporting date.

15. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is N Marquez Arnedo.