Bond Holdings Limited

Contents

Statement of Financial Position	1
Notes to the Financial Statements	2 to 8

Bond Holdings Limited

(Registration number: 02953929)
Statement of Financial Position as at 30 April 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	2,613,014	2,281,556
Current assets
Stocks	5	140,845	15,180
Debtors	6	1,678,516	18,313,156
Cash at bank and in hand		16,449,802	5,261,078
		18,269,163	23,589,414
Creditors: Amounts falling due within one year	7	(951,626)	(5,197,801)
Net current assets		17,317,537	18,391,613
Total assets less current liabilities		19,930,551	20,673,169
Provisions for liabilities		(498,290)	(438,652)
Net assets		19,432,261	20,234,517
Capital and reserves
Called up share capital		12,000	12,000
Revaluation reserve		951,110	951,110
Profit and loss account		18,469,151	19,271,407
Shareholders' funds		19,432,261	20,234,517

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Statement of Comprehensive Income.

Approved and authorised by the Board on 29 October 2025 and signed on its behalf by:
 

......................................... J M Bond Director

Bond Holdings Limited

Notes to the Financial Statements for the Year Ended 30 April 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Trerule Farm
Trerulefoot
Saltash
Cornwall
PL12 5BL

Principal activity

The principal activity of the company is that of mixed farming.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling which is the functional currency of the entity.

Going concern

The financial statements have been prepared on a going concern basis.

Bond Holdings Limited

Notes to the Financial Statements for the Year Ended 30 April 2025 (continued)

2	Accounting policies (continued)

Audit report

The Independent Auditor's Report was unqualified.

The name of the Senior Statutory Auditor who signed the audit report on 29 October 2025 was Adam Croney ACA, who signed for and on behalf of Westcotts (SW) LLP.

.........................................

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Tax

The tax expense for the period comprises current and deferred tax. 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 income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the
asset is used.

Bond Holdings Limited

Notes to the Financial Statements for the Year Ended 30 April 2025 (continued)

2	Accounting policies (continued)

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Land and buildings	2% straight line
Plant and machinery	15% reducing balance
Motor vehicles	25% reducing balance

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. In the statement of financial position, bank overdrafts are shown within borrowing or current liabilities

Bond Holdings Limited

Notes to the Financial Statements for the Year Ended 30 April 2025 (continued)

2	Accounting policies (continued)

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Costs include all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Financial instruments

Recognition and measurement
A financial asset or a financial liability is recognised only when the company becomes party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment.

Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2024 - 4).

Bond Holdings Limited

Notes to the Financial Statements for the Year Ended 30 April 2025 (continued)

4	Tangible assets

	Land and buildings £	Plant and machinery £	Motor vehicles  £	Total £
Cost or valuation
At 1 May 2024	2,000,000	217,750	91,830	2,309,580
Additions	-	298,245	183,907	482,152
Disposals	-	(55,000)	(44,000)	(99,000)
At 30 April 2025	2,000,000	460,995	231,737	2,692,732
Depreciation
At 1 May 2024	-	28,024	-	28,024
Charge for the year	-	24,073	27,621	51,694
At 30 April 2025	-	52,097	27,621	79,718
Carrying amount
At 30 April 2025	2,000,000	408,898	204,116	2,613,014
At 30 April 2024	2,000,000	189,726	91,830	2,281,556

Included within the net book value of land and buildings above is £2,000,000 (2024 - £2,000,000) in respect of freehold land and buildings.
 

Revaluation

The fair value of the company's Freehold property was revalued on 30 April 2023. An independent valuer was not involved. .
Had this class of asset been measured on a historical cost basis, the carrying amount would have been £654,980 (2024 - £654,980).

5

Stocks

	2025 £	2024 £
Finished goods and goods for resale	140,845	15,180

Bond Holdings Limited

Notes to the Financial Statements for the Year Ended 30 April 2025 (continued)

6

Debtors

	2025 £	2024 £
Trade debtors	-	17,000,000
Amounts owed by related parties	1,588,450	1,291,660
Other debtors	90,066	21,496
	1,678,516	18,313,156

7

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Trade creditors	81,926	3,400,000
Taxation and social security	-	25,806
Accruals and deferred income	100,000	100,000
Other creditors	769,700	1,671,995
	951,626	5,197,801

8

Reserves

Profit and loss account:

This reserve records retained earnings and accumulated losses.

9	Related party transactions

Transactions with directors

2025	At 1 May 2024 £	Advances to director £	At 30 April 2025 £
Directors	(355,000)	355,000	-

2024	At 1 May 2023 £	At 30 April 2024 £
Directors	(355,000)	(355,000)

Bond Holdings Limited

Notes to the Financial Statements for the Year Ended 30 April 2025 (continued)

10	Parent and ultimate parent undertaking

On 1 May 2023, the shares became 50% by Lanhydrock Golf Club Limited and 50% by W H Bond & Sons Limited. Both companies are incorporated in England. The registered office of Lanhydrock Golf Club Limited is Lanhydrock Hotel & Golf Club, Lostwithiel Road, Bodmin, Cornwall, PL30 5AQ. The registered office of W H Bond & Sons Limited is Trerule Farm, Trerulefoot, Saltash, Cornwall, PL12 5BL.

 The most senior parent entity producing publicly available financial statements is W H Bond & Sons Limited.