Bowman Rebecchi Residential Letting Limi - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: SC679327 (Scotland)

BOWMAN REBECCHI RESIDENTIAL LETTING

LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2022

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A R Bowman

R Giovanacci

M G Rebecchi

REGISTERED OFFICE:

Suite 2, 32-36 Kempock Street

Gourock

Inverclyde

PA19 1NA

REGISTERED NUMBER:

SC679327 (Scotland)

ACCOUNTANTS:

Benham Conway & Co

16 Royal Crescent

Glasgow

G3 7SL

FIXED ASSETS

Intangible assets

4

165,521

174,271

Tangible assets

5

10,382

10,223

175,903

184,494

CURRENT ASSETS

Debtors

6

6,066

3,570

Cash at bank and in hand

93,984

111,327

100,050

114,897

CREDITORS

Amounts falling due within one year

7

273,560

307,288

NET CURRENT LIABILITIES

(173,510

)

(192,391

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,393

(7,897

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

2,293

(7,997

)

SHAREHOLDERS' FUNDS

2,393

(7,897

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 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 25 January 2023 and were signed on its behalf by:

R Giovanacci - Director

1.	STATUTORY INFORMATION

Bowman Rebecchi Residential Letting Limited is a private company, limited by shares , registered in Scotland. 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.

Turnover

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2021, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Leasehold improvements

-

20% on cost

Plant and machinery etc

-

25% on cost

Government grants

Government grants in respect of revenue expenditure are credited to the profit and loss account in the period to which they relate. Government grants in respect of capital expenditure are treated as deferred income and credited to the profit and loss account over the estimated useful life of the assets to which they relate.

Taxation

Taxation for the year comprises current 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 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Operating leases

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2021 - 3 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 May 2021

and 30 April 2022

175,000

AMORTISATION

At 1 May 2021

729

Charge for year

8,750

At 30 April 2022

9,479

NET BOOK VALUE

At 30 April 2022

165,521

At 30 April 2021

174,271

5.	TANGIBLE FIXED ASSETS

Plant and

Leasehold

machinery

improvements

etc

Totals

£

£

£

COST

At 1 May 2021

-

10,440

10,440

Additions

826

4,269

5,095

Disposals

-

(1,500

)

(1,500

)

At 30 April 2022

826

13,209

14,035

DEPRECIATION

At 1 May 2021

-

217

217

Charge for year

166

3,333

3,499

Eliminated on disposal

-

(63

)

(63

)

At 30 April 2022

166

3,487

3,653

NET BOOK VALUE

At 30 April 2022

660

9,722

10,382

At 30 April 2021

-

10,223

10,223

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.22

30.4.21

£

£

Trade debtors

1,594

-

Tax recoverable

-

2,004

Other debtors

4,472

1,566

6,066

3,570

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.22

30.4.21

£

£

Trade creditors

-

7,928

Amounts owed to group undertakings

163,265

124,935

Taxation and social security

11,942

-

Other creditors

98,353

174,425

273,560

307,288

8.	OTHER FINANCIAL COMMITMENTS

At 30 April 2022 the company was committed to making total payments under non-cancellable operating leases of £35,561 (2021, £44,451).

9.	RELATED PARTY DISCLOSURES