REGISTERED NUMBER: 02046724 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

FOR

BONNYPREP LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J C Butler

Mrs K S Walton

Mrs S Butler

SECRETARY:

Mrs S Butler

REGISTERED OFFICE:

Windy Ridge

Warkton Lane

Kettering

Northamptonshire

NN16 9XG

REGISTERED NUMBER:

02046724 (England and Wales)

ACCOUNTANTS:

TC Group

31 High View Close

Hamilton Office Park

Leicester

Leicestershire

LE4 9LJ

FIXED ASSETS

Tangible assets

4

293,477

257,632

Investment property

5

700,000

700,000

993,477

957,632

CURRENT ASSETS

Stocks

28,000

83,500

Debtors

6

55,305

33,267

Cash at bank and in hand

8,572,153

8,306,634

8,655,458

8,423,401

CREDITORS

Amounts falling due within one year

7

362,189

426,861

NET CURRENT ASSETS

8,293,269

7,996,540

TOTAL ASSETS LESS CURRENT LIABILITIES

9,286,746

8,954,172

PROVISIONS FOR LIABILITIES

114,776

105,680

NET ASSETS

9,171,970

8,848,492

CAPITAL AND RESERVES

Called up share capital

200

200

Capital redemption reserve

39,320

39,320

Retained earnings

9,132,450

8,808,972

9,171,970

8,848,492

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 11 September 2025 and were signed on its behalf by:

Mrs K S Walton - Director

Mrs S Butler - Director

1.	STATUTORY INFORMATION

Bonnyprep 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.

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 as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

Straight line over 2 to 10 years

Plant and machinery

-

33% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 February 2024

243,912

7,750

2,236

Additions

-

-

-

Disposals

-

-

(328

)

At 31 January 2025

243,912

7,750

1,908

DEPRECIATION

At 1 February 2024

-

4,609

839

Charge for year

-

472

175

Eliminated on disposal

-

-

(102

)

At 31 January 2025

-

5,081

912

NET BOOK VALUE

At 31 January 2025

243,912

2,669

996

At 31 January 2024

243,912

3,141

1,397

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 February 2024

41,088

-

294,986

Additions

39,326

1,732

41,058

Disposals

-

-

(328

)

At 31 January 2025

80,414

1,732

335,716

DEPRECIATION

At 1 February 2024

31,906

-

37,354

Charge for year

3,934

406

4,987

Eliminated on disposal

-

-

(102

)

At 31 January 2025

35,840

406

42,239

NET BOOK VALUE

At 31 January 2025

44,574

1,326

293,477

At 31 January 2024

9,182

-

257,632

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 February 2024

and 31 January 2025

700,000

NET BOOK VALUE

At 31 January 2025

700,000

At 31 January 2024

700,000

The investment properties were valued by the directors based upon their knowledge of local market conditions and the condition of the properties involved. In their opinion the value included within the financial statements is a fair value.

Fair value at 31 January 2025 is represented by:

£

Valuation in 2005

712,000

Valuation in 2009

(300,000

)

Cost

288,000

700,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

2,015

1,470

Other debtors

53,290

31,797

55,305

33,267

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

126

1,545

Taxation and social security

114,963

41,492

Other creditors

247,100

383,824

362,189

426,861

8.	RELATED PARTY DISCLOSURES

Included in other creditors are directors loans of £56,000 (2024 £30,000). The loans do not attract interest and are repayable on demand.