REGISTERED NUMBER: 05888214 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

BONNINGTON BLOOMSBURY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

J J McGettigan

B D McGettigan

SECRETARIES:

P A McGettigan

B D McGettigan

REGISTERED OFFICE:

Railview Lofts

19c Commercial Road

Eastbourne

East Sussex

BN21 3XE

REGISTERED NUMBER:

05888214 (England and Wales)

AUDITORS:

LMDB Limited

t/a LMDB Accountants

Statutory Auditors

Railview Lofts

19c Commercial Road

Eastbourne

East Sussex

BN21 3XE

CURRENT ASSETS

Tangible assets

-

67,180

Debtors

4

7,526

827,538

Cash at bank

249,328

6,711

256,854

901,429

CREDITORS

Amounts falling due within one year

5

2,570,654

3,026,383

NET CURRENT LIABILITIES

(2,313,800

)

(2,124,954

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(2,313,800

)

(2,124,954

)

PROVISIONS FOR LIABILITIES

-

178,026

NET LIABILITIES

(2,313,800

)

(2,302,980

)

CAPITAL AND RESERVES

Called up share capital

6

1

1

Retained earnings

(2,313,801

)

(2,302,981

)

SHAREHOLDERS' FUNDS

(2,313,800

)

(2,302,980

)

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 by the Board of Directors and authorised for issue on 29 September 2025 and were signed on its behalf by:

J J McGettigan - Director

1.	STATUTORY INFORMATION

Bonnington Bloomsbury 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.	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.

Preparation of financial statements on a basis other than that of a going concern

The company disposed of the leasehold property in September 2024. The directors have therefore prepared the financial statements on a basis other than that of a going concern.

The company is dependent on the continued support in the short term of its parent company, Bonnington Group Ltd, which is providing funding to the company. The company has been given assurance by the directors of Bonnington Group Ltd that it will not seek repayment of the existing inter group borrowing and will provide sufficient funds to meet future working capital requirements in the period to the dissolution of the company.

Tangible fixed assets

Leasehold land and buildings which had been fully depreciated have been reclassified as current tangible assets and restated at their recoverable amount.

Taxation

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

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

Functional currency

The company's functional currency as defined by section 30 Financial Reporting Standard 102 is sterling.

Financial instruments

The company's principal financial instruments comprise bank balances, trade debtors, trade creditors, and loans to/ from other group companies. The main purpose of these instruments is to finance the company's operations.

Due to the nature of the financial instruments used by the group there is no exposure to price risk. The group's approach to managing other risks applicable to the financial instruments concerned is shown below.

Trade debtors are managed in respect of credit and cash flow risk by policies determining the credit offered to customers and the regular monitoring of amounts outstanding for both time and credit limits.

In respect of loans between group companies, these are interest free and have no fixed repayment terms. The directors are aware of each group company's required finance and have determined that these will only be repaid, in whole or in part, when funding is available.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Other debtors

7,526

827,538

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

6,349

17,693

Amounts owed to group undertakings

2,546,927

2,935,225

Taxation and social security

496

-

Other creditors

16,882

73,465

2,570,654

3,026,383

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

1

Ordinary shares

£1

1

1

7.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Mr Stuart Andrew Murray FCCA (Senior Statutory Auditor)

for and on behalf of LMDB Limited

We draw attention to Note 2 to the financial statements which explains that the company disposed of it's leasehold property in September 2024 and therefore the directors do not consider it appropriate to adopt the going concern basis of accounting in preparing the financial statements. Accordingly the financial statements have been prepared on a basis other than that of a going concern as described in Note 2.

8.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under paragraph 1AC.35 of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions between two or more members of a group as any subsidiary party to related party transactions are wholly owned by such member.

9.	ULTIMATE CONTROLLING PARTY

The company's ultimate controlling party is the company's director J J McGettigan by virtue of his majority shareholding in the company's ultimate parent company.

10.	CONSOLIDATED FINANCIAL STATEMENTS

The company is a wholly owned subsidiary of Bonnington Group Limited (incorporated in England and Wales) and of its ultimate parent, Regan Development Holdings Ltd (incorporated in Ireland). Bonnington Group Ltd is exempt from the requirement to prepare consolidated financial statements by virtue of section 399 of the Companies Act 2006. Copies of the financial statements for Regan Development Holdings Ltd are available from 103 Lower Baggot Street, Dublin 2, Dublin, D02F650, Ireland and also from Companies Registration Office Ireland.