REGISTERED NUMBER: 02838967 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

FOR

BONDCHASE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P A Simmonds

B Whetstone

SECRETARY:

P A Simmonds

REGISTERED OFFICE:

Argent House

5 Goldington Road

Bedford

Bedfordshire

MK40 3JY

REGISTERED NUMBER:

02838967 (England and Wales)

ACCOUNTANTS:

Rawlinson Pryde Limited

Chartered Accountants

Argent House

5 Goldington Road

Bedford

Bedfordshire

MK40 3JY

BANKERS:

National Westminster Bank Plc

81 High Street

Bedford

MK40 1YN

FIXED ASSETS

Investments

4

38,585

31,422

Investment property

5

500,000

500,000

538,585

531,422

CURRENT ASSETS

Debtors

6

498,986

507,697

Cash at bank

1,908

1,600

500,894

509,297

CREDITORS

Amounts falling due within one year

7

10,719

9,708

NET CURRENT ASSETS

490,175

499,589

TOTAL ASSETS LESS CURRENT LIABILITIES

1,028,760

1,031,011

CREDITORS

Amounts falling due after more than one year

8

(356,000

)

(363,003

)

PROVISIONS FOR LIABILITIES

(30,188

)

(29,709

)

NET ASSETS

642,572

638,299

CAPITAL AND RESERVES

Called up share capital

560

560

Fair value reserve

10

222,047

220,003

Retained earnings

419,965

417,736

SHAREHOLDERS' FUNDS

642,572

638,299

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 20 May 2026 and were signed on its behalf by:

P A Simmonds - Director

B Whetstone - Director

1.	STATUTORY INFORMATION

Bondchase 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Turnover

Turnover represents rents receivable:

Rents under operating leases are credited to the profit and loss account over the lives of the leases. Rentals received in advance by the company that are attributable to later periods are deferred and included in creditors, (deferred income), and are credited to the profit and loss account in those later periods.

Investment property

Financial instruments

Financial instruments are classified and accounted for according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all liabilities.

Debtors and creditors with no stated interest rate and receivable and payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit or loss in other administrative expenses.

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.

Investments

Investments are recognised initially at cost which is normally the transaction price (but excludes any transaction costs, where the investment is subsequently measured at fair value through profit and loss). Subsequently, they are measured at fair value through profit or loss except for those investments that are not publicly traded and whose fair value cannot otherwise be measured reliably which are recognised at cost less impairment until a reliable measure of fair value becomes available.

If a reliable measure of fair value is no longer available, the equity instrument’s fair value on the last date the instrument was reliably measurable is treated as the cost of the instrument.

Impairment

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

3.	EMPLOYEES AND DIRECTORS

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

4.	FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:

30.9.25

30.9.24

£

£

General investment account

38,585

31,422

The investments are stated at the fair value of the portfolios at the balance sheet date, as stated by the respective fund manager.

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 October 2024

and 30 September 2025

500,000

NET BOOK VALUE

At 30 September 2025

500,000

At 30 September 2024

500,000

Fair value at 1st October 2015 represents deemed cost on transition to Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" as defined in the standard.

The investment property was valued by the directors on 30 September 2012 on a fair value basis using the open market value approach: based on market transactions involving identical or similar assets. In the directors' opinion, the fair value at 30 September 2025 was not significantly different to the fair value at 1 October 2024 nor to external valuations previously carried out.

If the investment property had not been valued at fair value, it would have been included at the year end at the historical cost of £252,796 (2024: £252,796).

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.25

30.9.24

£

£

Amounts owed by group undertakings

498,986

507,697

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.25

30.9.24

£

£

Bank loans and overdrafts

6,955

6,504

Tax

2,492

1,968

Accruals and deferred income

1,272

1,236

10,719

9,708

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.9.25

30.9.24

£

£

Mortgage due within 1-2 years

7,475

6,827

Mortgage due 2-5 years

16,261

23,113

Mortgage due over 5 years

19,764

20,563

Mortgage due over 5 years

312,500

312,500

356,000

363,003

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Mortgage due over 5 years

312,500

312,500

Repayable by instalments

Mortgage due over 5 years

19,764

20,563

9.	SECURED DEBTS

The following secured debts are included within creditors:

30.9.25

30.9.24

£

£

Bank loans

362,955

369,507

The mortgage is secured on the freehold property.

10.

RESERVES

Fair

value

reserve

£

At 1 October 2024

220,003

Transfer between reserves

2,523

Revaluations: Deferred tax

(479

)

At 30 September 2025

222,047

Transfers between reserves

A transfer has been made from distributable reserves - Profit and loss account reserve - to the Non-distributable reserve, to recognise that the fair value gains/losses made on the General Investment fund account are, as yet, unrealised.

Transfers have been made in respect of the General Investment fund, as follows:

- Year ended 30 September 2025:

Revaluation gain, to increase to fair value: £2,523,

Provision for deferred tax on revaluation gain, at 19%: £(479)

- Total, unrealised gains and losses transferred, net of deferred tax, to 30 September 2025: £4,075.

11.	RELATED PARTY DISCLOSURES

Goldington Properties Limited:

Parent company.

Amounts owed by group undertaking:

Debtors includes amounts owed by Goldington Properties Limited of £498,986 (2024: £507,697).

This loan is interest free and repayable on demand.