Bowpark Developments Limited - Filleted accounts

Registered number

02267619

Bowpark Developments Limited

Filleted Accounts

31 March 2026

Bowpark Developments Limited
Registered number:		02267619
Balance Sheet
as at 31 March 2026

Notes			2026			2025
£				£
Fixed assets
Tangible assets	3		545,000			545,000

Current assets
Debtors	4	1,892			6,661
Cash at bank and in hand		72,417			101,743
		74,309			108,404

Creditors: amounts falling due within one year	5	(315,054)			(318,326)

Net current liabilities			(240,745)			(209,922)

Net assets			304,255			335,078

Capital and reserves
Called up share capital			35,100			35,100
Revaluation reserve	6		207,656			207,656
Profit and loss account			61,499			92,322

Shareholders' funds			304,255			335,078

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.


R D Bowerman
Director
Approved by the board on 1 July 2026

Bowpark Developments Limited
Notes to the Accounts
for the year ended 31 March 2026


1	Accounting policies

	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).

	Turnover
	Turnover is measured at the fair value of the rents receivable.

	Tangible fixed assets
	Tangible fixed assets consist solely of investment properties which are included in the accounts at fair value. Gains are recognised in the profit and loss account. Deferred taxation is provided on these gains at the rate expected to apply when the properties are sold.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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. Current and deferred tax assets and liabilities are not discounted.


2	Employees	2026		2025
Number			Number

	Average number of persons employed by the company	2		2


3	Tangible fixed assets
				Land and buildings
£
	Valuation
	At 1 April 2025			545,000
	At 31 March 2026			545,000

	Depreciation
	At 31 March 2026			-

	Net book value
	At 31 March 2026			545,000
	At 31 March 2025			545,000


	Freehold land and buildings:	2026		2025
£			£
	Historical cost	337,344		337,344
	Cumulative depreciation based on historical cost	-		-
		337,344		337,344
	The investment properties were last valued on 31 March 2008 on as exiting use basis.


4	Debtors	2026		2025
£			£

	Trade debtors	1,892		4,836
	Other debtors	-		1,825
		1,892		6,661


5	Creditors: amounts falling due within one year	2026		2025
£			£

	Trade creditors	-		32
	Amounts owed to Urbandrop Limited (a company under common control)	305,579		305,438
	Taxation and social security costs	4,531		4,844
	Other creditors	4,944		8,012
		315,054		318,326


6	Revaluation reserve	2026		2025
£			£

	At 1 April 2025	207,656		207,656

	At 31 March 2026	207,656		207,656


7	Related party transactions

	During the year the company paid dividends totalling £50,000 to a shareholder that was a director of the company (2025:£nil). It also paid dividends totalling £141 to Urbandrop Limited, a company under the same control (2025 £nil).


8	Controlling party

	The company is under the control of R D Bowerman.


9	Other information

	Bowpark Developments Limited is a private company limited by shares and incorporated in England. Its registered office is:

	Mulberry House,
	22 Oxford Street,
	Woodstock,
	Oxon, England,
	OX20 1TS