Company No:
Contents
| Note | 2025 | 2024 | ||
| £ | £ | |||
| Fixed assets | ||||
| Investment property | 3 |
|
|
|
| 850,000 | 850,000 | |||
| Current assets | ||||
| Debtors | 4 |
|
|
|
| Cash at bank and in hand |
|
|
||
| 30,389 | 55,467 | |||
| Creditors: amounts falling due within one year | 5 | (
|
(
|
|
| Net current (liabilities)/assets | (9,111) | 10,795 | ||
| Total assets less current liabilities | 840,889 | 860,795 | ||
| Net assets |
|
|
||
| Capital and reserves | ||||
| Called-up share capital | 6 |
|
|
|
| Profit and loss account | 7 |
|
|
|
| Total shareholders' funds |
|
|
Directors' responsibilities:
The financial statements of Bondbailey Limited (registered number:
|
Mr J P W Nicholls
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.
Bondbailey Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Blackbrook Gate 1, Blackbrook Business Park, Taunton, TA1 2PX, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.
The company recognises revenue when:
The amount of revenue can be easily measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current corporation tax charge is calculated on the basis of tax rates and laws have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.
Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.
Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.
Other basic financial liabilities are measured at amortised cost.
| 2025 | 2024 | ||
| Number | Number | ||
| Monthly average number of persons employed by the Company during the year, including directors |
|
|
| Investment property | |
| £ | |
| Valuation | |
| As at 01 April 2024 |
|
| As at 31 March 2025 |
|
Valuation
Investment property is carried at fair value, derived from the current market prices for comparable real estate. The directors have carried out a valuation as at 31 March 2024 and there has been no valuation by an independent valuer.
| 2025 | 2024 | ||
| £ | £ | ||
| Trade debtors |
|
|
| 2025 | 2024 | ||
| £ | £ | ||
| Accruals and deferred income |
|
|
|
| Taxation and social security |
|
|
|
|
|
|
| 2025 | 2024 | ||
| £ | £ | ||
| Allotted, called-up and fully-paid | |||
|
|
|
|
The profit and loss reserve includes £33,105 of unrealised profits on investment property. This is the difference between investment property’s fair value of £850,000, and its original cost of £816,895. Unrealised profits are not distributable.