COMPANY REGISTRATION NUMBER:
03105309
|
Bourne Developments Limited |
|
|
Filleted Unaudited Financial Statements |
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|
Bourne Developments Limited |
|
Year ended 31 December 2024
|
Statement of financial position |
1 |
|
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Notes to the financial statements |
2 |
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Bourne Developments Limited |
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Statement of Financial Position |
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31 December 2024
Fixed assets
Current assets
|
Cash at bank and in hand |
207 |
|
217 |
|
|
|
|
|
Creditors: amounts falling due within one year |
6 |
745,065 |
|
744,317 |
|
--------- |
|
--------- |
|
Net current liabilities |
|
744,858 |
744,100 |
|
|
--------- |
--------- |
|
Total assets less current liabilities |
|
(
744,857) |
(
744,099) |
|
|
--------- |
--------- |
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Net liabilities |
|
(
744,857) |
(
744,099) |
|
|
--------- |
--------- |
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|
|
|
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Capital and reserves
|
Called up share capital |
|
1,200 |
1,200 |
|
Profit and loss account |
|
(
746,057) |
(
745,299) |
|
|
--------- |
--------- |
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Shareholders deficit |
|
(
744,857) |
(
744,099) |
|
|
--------- |
--------- |
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|
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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 statement of income and retained earnings has not been delivered.
For the year ending 31 December 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 were approved by the
board of directors
and authorised for issue on
9 September 2025
, and are signed on behalf of the board by:
|
D V M August |
M S August |
|
Director |
Director |
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Company registration number:
03105309
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Bourne Developments Limited |
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|
Notes to the Financial Statements |
|
Year ended 31 December 2024
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 27 New Dover Road, Canterbury, Kent, CT1 3DN.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities 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.
Going concern
The director believes that the company is still a going concern and the accounts have been prepared as such.
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. Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. 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.
Impairment of fixed assets
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. For the purposes of impairment testing, 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 largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Financial instruments
Financial liabilities and equity instruments are classified and accounted for according to the substance of the contractual arrangements entered into. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.
4.
Employee numbers
The average number of persons employed by the company during the year, including the directors, amounted to 2 (2023: 2)
5.
Investments
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Shares in group undertakings |
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£ |
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Cost |
|
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At 1 January 2024 and 31 December 2024 |
1 |
|
---- |
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Impairment |
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At 1 January 2024 and 31 December 2024 |
– |
|
---- |
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|
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Carrying amount |
|
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At 31 December 2024 |
1 |
|
---- |
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At 31 December 2023 |
1 |
|
---- |
|
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The company owns 100% of the issued share capital of Calderstone Investments Limited. Calderstone Investments Limited ceased trading on the 31st December 2014.
6.
Creditors:
amounts falling due within one year
|
2024 |
2023 |
|
£ |
£ |
|
Trade creditors |
687 |
687 |
|
Other creditors |
744,378 |
743,630 |
|
--------- |
--------- |
|
745,065 |
744,317 |
|
--------- |
--------- |
|
|
|
7.
Related party transactions
The directors have given a personal guarantee of £350,000 to the company's bankers. At the year end the company owed a director £674,460 (2023: £674,360)