Bonnevale Limited - Period Ending 2014-07-31

Registration number: 01164144

Bonnevale Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 July 2014
 

Paul Winston Limited
Chartered Accountants
23 Alleyn Place
Westcliff-on-Sea
Essex
SS0 8AT

Bonnevale Limited
Contents

Company Information 1

Directors' Report 2

Accountants' Report 3

Profit and Loss Account 4

Balance Sheet 5

Notes to the Financial Statements 6 to 7

Bonnevale Limited
Company Information

Directors

Mr AT Malyon Mrs SA Malyon-Davies Mr SB Malyon-Davies Mrs Carol Ann Malyon

Company secretary

Mrs Carol Ann Malyon

Registered office

23 Alleyn Place Westcliff-on-Sea Essex SS0 8AT

Accountants

Paul Winston Limited Chartered Accountants 23 Alleyn Place Westcliff-on-Sea Essex SS0 8AT

Page 1

Bonnevale Limited
Directors' Report for the Year Ended 31 July 2014

The directors present their report and the unaudited financial statements for the year ended 31 July 2014.

Directors of the company

The directors who held office during the year were as follows:

Mr AT Malyon

Mrs SA Malyon-Davies

Mr SB Malyon-Davies

Mrs Carol Ann Malyon

Small company provisions

This report has been prepared in accordance with the small companies regime under the Companies Act 2006.

Approved by the Board on 3 December 2014 and signed on its behalf by:

.........................................
Mr AT Malyon
Director

Page 2

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Bonnevale Limited
for the Year Ended 31 July 2014

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Bonnevale Limited for the year ended 31 July 2014 set out on pages 4 to 7 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Bonnevale Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Bonnevale Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Bonnevale Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Bonnevale Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and results of Bonnevale Limited. You consider that Bonnevale Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Bonnevale Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Paul Winston Limited
Chartered Accountants
23 Alleyn Place
Westcliff-on-Sea
Essex
SS0 8AT

3 December 2014

Page 3

Bonnevale Limited
Profit and Loss Account for the Year Ended 31 July 2014

		Note			2014 £			2013 £
Turnover					-			-
Operating profit/(loss)					-			-
Profit/(loss) on ordinary activities before taxation					-			-
Profit/(loss) for the financial year		5			-			-

The notes on pages 6 to 7 form an integral part of these financial statements.
Page 4

Bonnevale Limited
(Registration number: 01164144)
Balance Sheet at 31 July 2014

		Note			2014 £			2013 £
Fixed assets
Investments		2			403,708			403,708
Current assets
Debtors		3			8,656			8,656
Net assets					412,364			412,364
Capital and reserves
Called up share capital		4			212			212
Capital redemption reserve		5			95,904			95,904
Other reserves		5			249,984			249,984
Profit and loss account		5			66,264			66,264
Shareholders' funds					412,364			412,364

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2008).

For the year ending 31 July 2014 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Approved and authorised for issue by the Board on 3 December 2014 and signed on its behalf by:

.........................................
Mr AT Malyon
Director

The notes on pages 6 to 7 form an integral part of these financial statements.
Page 5

Bonnevale Limited
Notes to the Financial Statements for the Year Ended 31 July 2014
......... continued

1	Accounting policies

Basis of preparation

The financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Exemption from preparing group accounts

The company has taken exemption from preparing group accounts as it is included in consolidated accounts for a larger group which are drawn up as full consolidated audited accounts which are filed at Companies House.

Fixed asset investments

Fixed asset investments are stated at historical cost less provision for any diminution in value.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2	Investments held as fixed assets

		2014 £			2013 £
Shares in group undertakings and participating interests		403,708			403,708

Shares in group undertakings and participating interests

		Subsidiary undertakings £			Total £
Cost
At 1 August 2013		403,708			403,708
At 31 July 2014		403,708			403,708
Net book value
At 31 July 2014		403,708			403,708
At 31 July 2013		403,708			403,708

Page 6

Bonnevale Limited
Notes to the Financial Statements for the Year Ended 31 July 2014
......... continued

Details of undertakings

Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Holding

Proportion of voting rights and shares held

Principal activity

Subsidiary undertakings
Rascal Confectionery Limited	Wholly owned	100%	confectionery manufacturers and dealers

3

Debtors

		2014 £			2013 £
Amounts owed by group undertakings and undertakings in which the company has a participating interest		8,656			8,656

4	Share capital

Allotted, called up and fully paid shares

	2014						2013
		No.			£			No.			£
Ordinary of £1 each		212			212			212			212

5

Reserves

		Capital redemption reserve £			Other reserves £			Profit and loss account £			Total £
At 1 August 2013		95,904			249,984			66,264			412,152
At 31 July 2014		95,904			249,984			66,264			412,152

6

Control

The company is controlled by the directors who own 100% of the called up share capital.

Page 7