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Company Registration No. 10005812 (England and Wales)
Bounty Assets Ltd Unaudited accounts for the year ended 31 March 2025
Bounty Assets Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Bounty Assets Ltd Company Information for the year ended 31 March 2025
Director
Dominique Mitchell-O'Neill
Company Number
10005812 (England and Wales)
Registered Office
Richmond House, Walkern Road Stevenage Hertfordshire SG1 3QP England
Accountants
Accounting Wise Ltd 3 The Carriages Station Road Ware Hertfordshire SG129PL
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Bounty Assets Ltd Statement of financial position as at 31 March 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
333,000
333,212
Current assets
Cash at bank and in hand
4,368
1,541
Creditors: amounts falling due within one year
5
(3,887)
(4,637)
Net current assets/(liabilities)
481
(3,096)
Total assets less current liabilities
333,481
330,116
Creditors: amounts falling due after more than one year
6
(202,502)
(204,002)
Provisions for liabilities
Deferred tax
(22,178)
(20,962)
Net assets
108,801
105,152
Capital and reserves
Called up share capital
30
30
Revaluation reserve
110,200
110,200
Profit and loss account
(1,429)
(5,078)
Shareholders' funds
108,801
105,152
For the year ending 31 March 2025 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 director acknowledges his 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 and authorised for issue on 27 January 2026 and were signed on its behalf by
Dominique Mitchell-O'Neill Director Company Registration No. 10005812
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Bounty Assets Ltd Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
Bounty Assets Ltd is a private company, limited by shares, registered in England and Wales, registration number 10005812. The registered office is Richmond House, Walkern Road, Stevenage, Hertfordshire, SG1 3QP, 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.
3
Accounting policies
These financial statements for the year ended 31 March 2025 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 April 2023. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
25%
4
Tangible fixed assets
Land & buildings
Computer equipment
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 April 2024
333,000
1,135
334,135
At 31 March 2025
333,000
1,135
334,135
Depreciation
At 1 April 2024
-
923
923
Charge for the year
-
212
212
At 31 March 2025
-
1,135
1,135
Net book value
At 31 March 2025
333,000
-
333,000
At 31 March 2024
333,000
212
333,212
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Bounty Assets Ltd Notes to the Accounts for the year ended 31 March 2025
5
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
1,500
1,500
Trade creditors
930
1,260
Loans from directors
617
617
Accruals
840
1,260
3,887
4,637
6
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
375
1,875
Other creditors
202,127
202,127
202,502
204,002
7
Average number of employees
During the year the average number of employees was 0 (2024: 0).
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