BONNINGTON WALK DEVELOPMENT LTD


Director	ZHANG, Zhou Feng


Registered Address	Highfield Highfield
	Caerleon
	Caerleon
	NP18 3NW


Registered Number	12299679 (England and Wales)

Statement of Financial Position
31 March 2025

	Notes	31 Mar 2025		30 Nov 2023
		£	£	£	£
Fixed assets
Investment property	3		1,900,000		-
			1,900,000		-
Current assets
Debtors		-		1,689,594
Cash at bank and on hand		20,441		54,602
		20,441		1,744,196
Creditors amounts falling due within one year	4	(945,779)		(1,949,522)
Net current assets (liabilities)			(925,338)		(205,326)
Total assets less current liabilities			974,662		(205,326)
Creditors amounts falling due after one year	5		(994,455)		(35,474)
Net assets			(19,793)		(240,800)
Capital and reserves
Called up share capital			1		1
Revaluation reserve			148,905		-
Profit and loss account			(168,699)		(240,801)
Shareholders' funds			(19,793)		(240,800)

The company was entitled to exemption from audit for this reporting period 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 Director acknowledges 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 12 December 2025, and are signed on its behalf by:

ZHANG, Zhou Feng
Director
Registered Company No. 12299679

BONNINGTON WALK DEVELOPMENT LTD

Notes to the Financial Statements
for the period ended 31 March 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Going concern
	After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.

	Employee benefits
	Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

Employee benefits

Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

	Borrowing costs
	Borrowing costs directly attributable to the acquisition, construction or production of qualifying assets, which are assets that necessarily take a substantial period of time to get ready for their intended use or sale, are added to the cost of those assets, until such time as the assets are substantially ready for their intended use or sale. Investment income earned on the temporary investment of specific borrowings pending their expenditure on qualifying assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the period in which they are incurred.

Borrowing costs

Borrowing costs directly attributable to the acquisition, construction or production of qualifying assets, which are assets that necessarily take a substantial period of time to get ready for their intended use or sale, are added to the cost of those assets, until such time as the assets are substantially ready for their intended use or sale.

Investment income earned on the temporary investment of specific borrowings pending their expenditure on qualifying assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the period in which they are incurred.

	Finance costs
	Finance costs charged to the profit or loss include interest expense calculated using the effective interest method from FRS 102:11, finance charges on finance leases, and exchange differences on foreign currency borrowings where these are treated as an adjustment to interest costs.

	Investment property
	The investment property is accounted for under FRS 102, Section 16 Investment Property. Investment property is remeasured to fair value at each balance sheet date with fair value gains and losses being reported in profit or loss. Investment properties are valued using RICS open market valuation on a freehold basis.

	Cash and cash equivalents
	Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less. Bank overdrafts are disclosed separately. For the purpose of the cash flow statement, bank overdrafts form an integral part of the company's cash management and are included as a component of cash and cash equivalents.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less.

Bank overdrafts are disclosed separately. For the purpose of the cash flow statement, bank overdrafts form an integral part of the company's cash management and are included as a component of cash and cash equivalents.

	Financial instruments
	A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at transaction price and measured at amortised cost using the effective interest method. Where investments in non-derivative financial instruments are publicly traded, or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value through profit and loss. All other investments are subsequently measured at cost less impairment. Financial assets which are measured at cost or amortised cost are reviewed for objective evidence of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. All equity instruments, regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at transaction price and measured at amortised cost using the effective interest method. Where investments in non-derivative financial instruments are publicly traded, or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value through profit and loss. All other investments are subsequently measured at cost less impairment.

Financial assets which are measured at cost or amortised cost are reviewed for objective evidence of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. All equity instruments, regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment. 

	Related parties
	For the purposes of these financial statements, a related party could be a person or an entity. Careful consideration is given to the definition of a related party to ensure that all related party relationships, transactions and balances are identified. Included in other creditors are amounts totalling £151,987 (2023: £151,987), £54,176 (2023: £54,426) and £69,938 (2023: £69,938) owed to related companies NF Global Limited, Natural Therapy For All Ltd and North Fortune Limited, respectively. These amounts being included in creditors: amounts falling due within one year. Included in other creditors are amounts totalling £299,981 (2023: £299,981) owed to family and friends of the director and shareholder Mr Z F Zhang. These amounts being included in creditors: amounts falling due within one year.

Related parties

For the purposes of these financial statements, a related party could be a person or an entity. Careful consideration is given to the definition of a related party to ensure that all related party relationships, transactions and balances are identified.

Included in other creditors are amounts totalling £151,987 (2023: £151,987), £54,176 (2023: £54,426) and £69,938 (2023: £69,938) owed to related companies NF Global Limited, Natural Therapy For All Ltd and North Fortune Limited, respectively. These amounts being included in creditors: amounts falling due within one year.

Included in other creditors are amounts totalling £299,981 (2023: £299,981) owed to family and friends of the director and shareholder Mr Z F Zhang. These amounts being included in creditors: amounts falling due within one year.

2.	Average number of employees


		2025		2023
	Average number of employees during the year	0		1

3.	Investment property
	In September 2023 the development of property was professionally revalued by VAS Panel. Upon completion, the development was revalued at £1,900,000, therefore, the value of Freehold Property has been adjusted to reflect the revalued amount through the entities Revaluation Reserve.


		£
	Additions	1,900,000
	At 31 March 25	1,900,000

4.	Creditors: amounts due within one year

	2025	2023
	£	£
Bank borrowings and overdrafts	368,204	1,437,524
Other creditors	576,083	506,395
Accrued liabilities and deferred income	1,492	5,603
Total	945,779	1,949,522

5.	Creditors: amounts due after one year

	2025	2023
	£	£
Bank borrowings and overdrafts	994,455	35,474
Total	994,455	35,474

6.	Secured creditors
	Included in Bank Loans is £968,981 (2023: £834,921) secured against the land and property at 12-22 Mascot Road, Bristol, BS3 4PP.

7.	Directors advances, credits and guarantees
	The director operates a current loan account with the company, which is debited with payments made by the company on behalf of the directors and credited with funds introduced and undrawn directors' fees. The amount owed to the director as at 31 March 2025 was £358,204 (2023: £592,603), this being included within creditors: amounts falling due in one year.