Bowness Properties Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 01303449 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH APRIL 2022

FOR

BOWNESS PROPERTIES LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs A M Todd

Mr P R Blackett

Ms J M Nichols (Todd)

Ms C J Todd

SECRETARY:

Ms J M Nichols (Todd)

REGISTERED OFFICE:

c/o Blackett Hart & Pratt

Westgate House

Faverdale

Darlington

Co. Durham

DL3 0PZ

REGISTERED NUMBER:

01303449 (England and Wales)

ACCOUNTANTS:

Sanders Swinbank Limited

Chartered Accountants and Business Advisers

7 Victoria Road

Darlington

Co. Durham

DL1 5SN

BANKERS:

Barclays Bank Plc

49 High Street

Stockton on Tees

Cleveland

TS18 1AH

SOLICITORS:

Blackett Hart & Pratt

Westgate House

Faverdale Road

Darlington

Co Durham

DL3 0PZ

FIXED ASSETS

Investment property

4

1,255,038

802,500

CURRENT ASSETS

Cash at bank

1,195,114

1,731,840

CREDITORS

Amounts falling due within one year

5

25,719

115,413

NET CURRENT ASSETS

1,169,395

1,616,427

TOTAL ASSETS LESS CURRENT LIABILITIES

2,424,433

2,418,927

CREDITORS

Amounts falling due after more than one year

6

(703,051

)

(711,384

)

PROVISIONS FOR LIABILITIES

(134,222

)

(134,222

)

NET ASSETS

1,587,160

1,573,321

CAPITAL AND RESERVES

Called up share capital

7

80

80

Fair value reserve

8

572,211

572,211

Retained earnings

1,014,869

1,001,030

SHAREHOLDERS' FUNDS

1,587,160

1,573,321

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 2022 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 23rd June 2022 and were signed on its behalf by:

Mrs A M Todd - Director

1.	STATUTORY INFORMATION

Bowness Properties Ltd 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

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 as modified by the revaluation of certain assets.

Turnover

Turnover represents rental income receivable excluding value added tax.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 2 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st May 2021

802,500

Additions

452,538

At 30th April 2022

1,255,038

NET BOOK VALUE

At 30th April 2022

1,255,038

At 30th April 2021

802,500

Fair value at 30th April 2022 is represented by:

£

Valuation in 1991

565,870

Valuation in 2017

140,564

Cost

548,604

1,255,038

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Taxation and social security

5,811

102,760

Other creditors

19,908

12,653

25,719

115,413

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2022

2021

£

£

Other creditors

703,051

711,384

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2022

2021

value:

£

£

80

Ordinary

1

80

80

8.

RESERVES

Fair

value

reserve

£

At 1st May 2021

and 30th April 2022

572,211

9.	RELATED PARTY DISCLOSURES

10.	ULTIMATE CONTROLLING PARTY

The controlling party is Mrs A M Todd.