ACCOUNTS - Final Accounts

Registered number: 08565320

THAT BOURNEMOUTH APARTMENTS LIMITED

ANNUAL REPORT

FOR THE YEAR ENDED 31 JULY 2025

THAT BOURNEMOUTH APARTMENTS LIMITED

REGISTERED NUMBER: 08565320

BALANCE SHEET

AS AT 31 JULY 2025

		2025		2024
Note		£		£

Fixed assets
Investments	5		100		100
Current assets
Debtors: amounts falling due within one year	6	248,561		181,517
Cash at bank and in hand		141		3,117
		248,702		184,634
Creditors: amounts falling due within one year	7	(249,618)		(185,680)
Net current liabilities			(916)		(1,046)

Net liabilities			(816)		(946)

Capital and reserves
Called up share capital	8	1	1
Profit and loss account		(817)	(947)
Shareholders' deficit		(816)	(946)

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

S A Brown

Director

Date: 29 July 2026

The notes on pages 2 to 6 form part of these financial statements.

Page 1

THAT BOURNEMOUTH APARTMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2025

1.	Statutory information

That Bournemouth Apartments 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.

2.Accounting policies

2.1

Accounting convention

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company.
Monetary amounts in these financial statements are rounded to the nearest pound.

The following principal accounting policies have been applied:

2.2

Going concern

The company made a profit of £130 in the year (2024: £131) and is in a net liability position of £816 at the year end (2024: £946).
The majority shareholder and director of the ultimate parent company has given confirmation of support to the ultimate parent company and all its subsidiaries, which includes That Bournemouth Apartments Limited, for a period of at least twelve months from the date of approval of these financial statements.
Based on the above, the directors have concluded that they can continue to adopt a going concern basis in preparing the company’s annual report and accounts.

2.3

Group accounts

The financial statements contain information about That Bournemouth Apartments Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 400 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertaking are included by full consolidation in the consolidated financial statements of its parent, That Bournemouth Company Limited, 18 Albert Road, Bournemouth, England, BH1 1BZ.

2.4

Turnover

Turnover is recognised on an accruals basis at the fair value of the consideration receivable for rental income, gross of management charges and other expenses, provided in the normal course of business.

2.5

Cash and cash equivalents

Cash at bank and in hand are basic financial assets which include cash in hand and deposits held at call with banks.

Page 2

THAT BOURNEMOUTH APARTMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2025

2.Accounting policies (continued)

2.6

Investments in subsidiaries

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in the profit and loss account.
A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

2.7

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.
Basic financial assets
Basic financial assets, which include debtors, balances due from connected companies and cash and bank balances, are initially measured at transaction price including transaction costs. Financial assets classified as receivable within one year are not amortised.
Basic financial liabilities
Basic financial liabilities, including creditors and loans from connected companies, are initially recognised at transaction price. Financial liabilities classified as payable within one year are not amortised.
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs.

2.8

Current and deferred taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the profit and loss account, 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.

Page 3

THAT BOURNEMOUTH APARTMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2025

3.	Critical accounting judgements and key sources of estimation uncertainty

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
Critical judgements
The following judgements (apart from those involving estimates) have had the most significant effect on amounts recognised in the financial statements:
Recoverability of intercompany balances
The company has balances due from related companies connected by common ownership. Management are of the opinion that these balances are fully recoverable by virtue of shareholder support which has been confirmed in writing and therefore no provision has been made against these balances.

4.	Employees and directors

The average monthly number of employees, including directors, during the year was 4 (2024: 4).

5.	Fixed asset investments

		Shares in group undertakings
		£
	Cost
	At 1 August 2024	100
	At 31 July 2025	100

The company's investments at the balance sheet date in the share capital of companies include the following:
That Bournemouth Apartments 2 Limited
Registered office: 18 Albert Road, Bournemouth, BH1 1BZ
Nature of business: Nominee of its immediate parent company
%
Class of shares: holding
Ordinary (direct holding) 100.00

Page 4

THAT BOURNEMOUTH APARTMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2025

6.	Debtors: amounts falling due within one year

					2025	2024
					£	£


Trade debtors	14,128	106
Amounts owed by group undertakings	185,913	131,611
Other debtors	48,520	49,800
	248,561	181,517

7.	Creditors: amounts falling due within one year
		2025	2024
		£	£

Trade creditors	31,490	23,652
Amounts owed to group undertakings	195,011	114,209
Other creditors	23,117	47,819
	249,618	185,680

8.	Called up share capital
		2025	2024
		£	£

Allotted, issued and fully paid

100 (2024: 100) Ordinary shares of £0.01 each	1	1

Related party transactions

The company has taken advantage of the exemption available in FRS 102 from the requirement to disclose transactions with the group companies.
There is a group lease arrangement in place with a fellow subsidiary, That Bournemouth Penthouses Limited, regarding rental of the properties. As the risks and rewards of ownership of the properties do not transfer to the company and there is a deed of surrender in place, with reversion to the head leaseholder, the asset is deemed to remain with That Bournemouth Penthouses Limited. An amount payable is recorded by the company, in accordance with the terms of the lease arrangement.

Page 5

THAT BOURNEMOUTH APARTMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2025

10.	Parent company

The company's ultimate parent company is That Bournemouth Company Limited, a company incorporated in England and Wales.
The registered address of That Bournemouth Company Limited is 18 Albert Road, Bournemouth, England, BH1 1BZ. Copies of the consolidated financial statements can be obtained from Companies House, Crown Way, Cardiff, CF14 3UZ.
The ultimate controlling party is R S Kelvin CBE, director and majority shareholder of the ultimate parent company.

11.	Auditors' information

The auditors' report on the financial statements for the year ended 31 July 2025 was unqualified.

The audit report was signed on 29 July 2026 by James Maxwell (Senior statutory auditor) on behalf of Cooper Parry Group Limited.

Page 6