Company Registration No. 12628102 (England and Wales)
Bonne Dette Limited
Unaudited accounts
for the period from 1 June 2024 to 31 December 2024
Bonne Dette Limited
Unaudited accounts
Contents
Bonne Dette Limited
Company Information
for the period from 1 June 2024 to 31 December 2024
Directors
Jeffrey Mallchok
Mandana Egbali
Company Number
12628102 (England and Wales)
Registered Office
Ground Floor
Victor House
Barnet Road, London Colney
St. Albans
Hertfordshire
AL2 1BJ
England
Accountants
Trimantic Accountants
1 Victor House
Barnet Road
London Colney
AL2 1BJ
Bonne Dette Limited
Statement of financial position
as at 31 December 2024
Investment property
480,000
505,000
Cash at bank and in hand
19,564
5,641
Creditors: amounts falling due within one year
(252,695)
(260,770)
Net current liabilities
(232,562)
(253,938)
Total assets less current liabilities
247,438
251,062
Creditors: amounts falling due after more than one year
(357,612)
(304,366)
Net liabilities
(110,174)
(53,304)
Called up share capital
100
100
Profit and loss account
(110,274)
(53,404)
Shareholders' funds
(110,174)
(53,304)
For the period ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 30 September 2025 and were signed on its behalf by
Jeffrey Mallchok
Director
Company Registration No. 12628102
Bonne Dette Limited
Notes to the Accounts
for the period from 1 June 2024 to 31 December 2024
Bonne Dette Limited is a private company, limited by shares, registered in England and Wales, registration number 12628102. The registered office is Ground Floor, Victor House, Barnet Road, London Colney, St. Albans, Hertfordshire, AL2 1BJ, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
At the year-end, the company had net liabilities of £105,174 (2024: £53,304). The company's day to day working capital requirements are supported through a loan from a director. The director has confirmed that he is able and willing to continue to fund the company's operations for the 12 months following the date of signing these financial statements, and will not demand repayment of the loan until the company is in a position to do so. Therefore, at the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.
The company's turnover comes from two main sources:
1. Furnished Holiday Lettings Income from holiday lets which is recognised in the period when the rental is provided.
2. Income from the sollections of rents, which forms part of the company’s ordinary activities, is recognized in the period in which rents are receivable. Rental income is credited to the Profit and Loss account on a straight-line basis over the lease term. Payments received in advance are recorded as deferred income under creditors due within one year.
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Bonne Dette Limited
Notes to the Accounts
for the period from 1 June 2024 to 31 December 2024
2 Judgements and key sources of estimation uncertainty
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
4
Investment property
31/12/2024
Fair value at 1 June 2024
505,000
Net loss from fair value adjustments
(31,936)
At 31 December 2024
480,000
Investment properties are stated at fair value at the balance sheet date. The fair value is determined annually based on available market data, including recent sales of comparable properties. Where appropriate, the company also considers valuations provided by local estate agents or mortgage providers to support the fair value assessment.
Changes in fair value are recognised in the profit and loss account in the period in which they arise.
5
Debtors
31/12/2024
31/05/2024
Amounts falling due within one year
Accrued income and prepayments
276
-
6
Creditors: amounts falling due within one year
31/12/2024
31/05/2024
Other creditors
3,430
12,697
Loans from directors
249,265
245,711
7
Creditors: amounts falling due after more than one year
31/12/2024
31/05/2024
Bank loans
353,357
297,763
Other creditors
4,255
6,603
Bonne Dette Limited
Notes to the Accounts
for the period from 1 June 2024 to 31 December 2024
8
Transactions with related parties
Included within other payables is a loan from a director to the company of £244,265 (2024: £245,711). This loan is unsecured, interest-free and repayable on demand.
9
Average number of employees
During the period the average number of employees was 0 (31/05/2024: 0).