ACCOUNTS - Final Accounts

Registered number: 05821488

BOWCROFT PROPERTIES LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 DECEMBER 2024

BOWCROFT PROPERTIES LIMITED

REGISTERED NUMBER: 05821488

BALANCE SHEET

AS AT 30 DECEMBER 2024

		2024		2023
Note		£		£

Fixed assets
Investments	4		-		100
Investment property	5		1,735,450		1,730,308
			1,735,450		1,730,408
Current assets
Debtors: amounts falling due within one year	6	-		1,448,146
Cash at bank and in hand	7	6,358		4,279
		6,358		1,452,425
Creditors: amounts falling due within one year	8	(499,921)		(2,608,160)
Net current liabilities			(493,563)		(1,155,735)

Net assets			1,241,887		574,673

Capital and reserves
Called up share capital	9	100,100	100,100
Profit and loss account		1,141,787	474,573
		1,241,887	574,673

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BOWCROFT PROPERTIES LIMITED

REGISTERED NUMBER: 05821488

BALANCE SHEET (CONTINUED)

AS AT 30 DECEMBER 2024

The director considers that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

P Lee-Kemp Esq

Director

Date: 18 September 2025

The notes on pages 3 to 6 form part of these financial statements.

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BOWCROFT PROPERTIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 DECEMBER 2024

1.	General information

Bowcroft Properties Limited is a company limited by shares and registered in England and Wales. The address of the registered office is 4f Eardley Road, Sevenoaks, Kent, TN13 1XT.
The principal activity of the company during the period was that of property development and property rental.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

∙the company has transferred the significant risks and rewards of ownership to the buyer;

∙the company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

∙the amount of revenue can be measured reliably;

∙it is probable that the company will receive the consideration due under the transaction; and

∙the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

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BOWCROFT PROPERTIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 DECEMBER 2024

2.Accounting policies (continued)

2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.

2.5

Investment property

Investment property is carried at fair value determined annually by the director and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Statement of comprehensive income.

2.6

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.10

Financial instruments

The company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

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BOWCROFT PROPERTIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 DECEMBER 2024

4.	Fixed asset investments

		Investments in subsidiary companies
		£

	At 31 December 2023	100
	Disposals	(100)
	At 30 December 2024	-

5.	Investment property

		Freehold investment property
		£
	Valuation
	At 31 December 2023	1,730,308
	Additions at cost	5,142
	At 30 December 2024	1,735,450

The 2024 valuations were made by the director, on an open market value for existing use basis.

Debtors

					2024	2023
					£	£


Trade debtors	-	1,448,146
	-	1,448,146

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BOWCROFT PROPERTIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 DECEMBER 2024

7.	Cash and cash equivalents
		2024	2023
		£	£

Cash at bank and in hand	6,358	4,279
	6,358	4,279

8.	Creditors: Amounts falling due within one year
		2024	2023
		£	£

Trade creditors	-	23,520
Corporation tax	157,758	26,619
Other taxation and social security	2,000	2,000
Other creditors	338,163	2,554,021
Accruals and deferred income	2,000	2,000
	499,921	2,608,160

9.	Share capital
		2024	2023
		£	£

Allotted, called up and fully paid

100,100 (2023 - 100,100) Ordinary Shares shares of £1.00 each	100,100	100,100

10.	Related party transactions
	At the balance sheet date, the company owed £338,163 (2023: £2,553,726) to the director. This amount is repayable on demand and included within other creditors payable within one year. No interest is being charged on this loan.

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