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Company registration number: 04900421
Bond Street Investments Limited
Unaudited filleted financial statements
30 September 2024
Bond Street Investments Limited
Contents
Directors and other information
Accountants report
Balance sheet
Statement of changes in equity
Notes to the financial statements
Bond Street Investments Limited
Directors and other information
Directors M N L Morgan
Secretary Mrs M A Morgan
Company number 04900421
Registered office 2 Tolherst Court, Turkey Mill Business Park
Ashford Road
Maidstone
Kent
ME14 5SF
Business address 21 Hanover Square
London
W1S 1JW
Accountants Couch Bright King & Co
2 Tolherst Court, Turkey Mill Business Park
Ashford Road
Maidstone
Kent
ME14 5SF
Bankers Coutts & Co
440 Strand
London
WC2R 0QS
Bond Street Investments Limited
Chartered accountants report to the board of directors on the preparation of the
unaudited statutory financial statements of Bond Street Investments Limited
Year ended 30 September 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Bond Street Investments Limited for the year ended 30 September 2024 which comprise the Balance Sheet, statement of changes in equity and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com /en/members/regulations-standards-and-guidance/.
Our work has been undertaken in accordance with ICAEW Technical Release 07/16 AAF.
Couch Bright King & Co
Chartered Accountants
2 Tolherst Court, Turkey Mill Business Park
Ashford Road
Maidstone
Kent
ME14 5SF
25 June 2025
Bond Street Investments Limited
Balance sheet
30 September 2024
2024 2023
Note £ £ £ £
Fixed assets
Tangible assets 5 781,654 781,655
Investments 6 3,710,629 3,866,782
__________ __________
4,492,283 4,648,437
Current assets
Debtors 7 43,721 18,623
Cash at bank and in hand 2,678,670 2,103,550
__________ __________
2,722,391 2,122,173
Creditors: amounts falling due
within one year 8 ( 97,710) ( 27,050)
__________ __________
Net current assets 2,624,681 2,095,123
__________ __________
Total assets less current liabilities 7,116,964 6,743,560
__________ __________
Net assets 7,116,964 6,743,560
__________ __________
Capital and reserves
Called up share capital 33 33
Profit and loss account 7,116,931 6,743,527
__________ __________
Shareholders funds 7,116,964 6,743,560
__________ __________
For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the Profit & Loss Account has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 25 June 2025 , and are signed on behalf of the board by:
M N L Morgan
Director
Company registration number: 04900421
Bond Street Investments Limited
Statement of changes in equity
Year ended 30 September 2024
Called up share capital Profit and loss account Total
£ £ £
At 1 October 2022 33 6,816,606 6,816,639
Profit/(loss) for the year ( 73,079) ( 73,079)
__________ __________ __________
Total comprehensive income for the year - ( 73,079) ( 73,079)
__________ __________ __________
At 30 September 2023 and 1 October 2023 33 6,743,525 6,743,558
Profit/(loss) for the year 373,406 373,406
__________ __________ __________
Total comprehensive income for the year - 373,406 373,406
__________ __________ __________
At 30 September 2024 33 7,116,931 7,116,964
__________ __________ __________
Bond Street Investments Limited
Notes to the financial statements
Year ended 30 September 2024
1. General information
The company is a private company limited by shares, registered in England & Wales in the UK. The address of the registered office is 2 Tolherst Court, Turkey Mill Business Park, Ashford Road, Maidstone, Kent, ME14 5SF.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared in accordance with FRS 102 including 1A, the Financial Reporting Standard applicable in the UK and Republic of Ireland. The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and investment properties measured at fair value through profit or loss.The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Turnover
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Fixed asset investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
4. Employee numbers
The average number of persons employed by the company during the year amounted to Nil (2023: Nil).
During the year there were no employees (2023: Nil) other than Director. No salary was paid to the Director during the year.
5. Tangible assets
Long leasehold property Total
£ £
Cost
At 1 October 2023 and 30 September 2024 781,654 781,654
__________ __________
Depreciation
At 1 October 2023 and 30 September 2024 - -
__________ __________
Carrying amount
At 30 September 2024 781,654 781,654
__________ __________
At 30 September 2023 781,654 781,654
__________ __________
6. Investments
Other investments other than loans Other loans Total
£ £ £
Cost or valuation
At 1 October 2023 502,206 3,364,575 3,866,781
Additions 107,777 - 107,777
Disposals ( 304,720) - ( 304,720)
Revaluations 40,791 - 40,791
__________ __________ __________
At 30 September 2024 346,054 3,364,575 3,710,629
__________ __________ __________
Impairment
At 1 October 2023 and 30 September 2024 - - -
__________ __________ __________
Carrying amount
At 30 September 2024 346,054 3,364,575 3,710,629
__________ __________ __________
At 30 September 2023 502,206 3,364,575 3,866,781
__________ __________ __________
7. Debtors
2024 2023
£ £
Other debtors 43,721 18,623
__________ __________
8. Creditors: amounts falling due within one year
2024 2023
£ £
Corporation tax 77,193 6,533
Other creditors 20,517 20,517
__________ __________
97,710 27,050
__________ __________
9. Contingent assets and liabilities
At 30th September 2024 there were no contingent liabilities.