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

REGISTERED NUMBER: 01303449 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH APRIL 2018

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 Todd

Ms C J Todd

SECRETARY:

Ms J M 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

3,450,000

3,450,000

CURRENT ASSETS

Debtors

5

604

-

Cash at bank

33,352

28,601

33,956

28,601

CREDITORS

Amounts falling due within one year

6

28,384

35,055

NET CURRENT ASSETS/(LIABILITIES)

5,572

(6,454

)

TOTAL ASSETS LESS CURRENT LIABILITIES

3,455,572

3,443,546

CREDITORS

Amounts falling due after more than one year

7

(794,132

)

(792,132

)

PROVISIONS FOR LIABILITIES

(496,467

)

(496,467

)

NET ASSETS

2,164,973

2,154,947

CAPITAL AND RESERVES

Called up share capital

80

80

Fair value reserve

8

2,116,517

2,116,517

Retained earnings

48,376

38,350

SHAREHOLDERS' FUNDS

2,164,973

2,154,947

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 2018 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 7th December 2018 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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 (2017 - 2 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st May 2017

and 30th April 2018

3,450,000

NET BOOK VALUE

At 30th April 2018

3,450,000

At 30th April 2017

3,450,000

Fair value at 30th April 2018 is represented by:

£

Valuation in 1991

565,870

Valuation in 2017

2,047,114

Cost

837,016

3,450,000

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

604

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade creditors

-

3,200

Taxation and social security

11,734

3,397

Other creditors

16,650

28,458

28,384

35,055

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2018

2017

£

£

Other creditors

794,132

792,132

8.

RESERVES

Fair

value

reserve

£

At 1st May 2017

and 30th April 2018

2,116,517

9.	RELATED PARTY DISCLOSURES

10.	ULTIMATE CONTROLLING PARTY

The controlling party is Mrs A M Todd.