Bondmanor Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 02977686 (England and Wales)

BONDMANOR LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2018

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

L M Gold

REGISTERED OFFICE:

3 Belsize Place

London

NW3 5AL

REGISTERED NUMBER:

02977686 (England and Wales)

FIXED ASSETS

Tangible assets

3

783

921

Investment property

4

560,000

560,000

560,783

560,921

CURRENT ASSETS

Debtors

5

571,995

521,995

Cash at bank

21,830

25,979

593,825

547,974

CREDITORS

Amounts falling due within one year

6

16,623

36,174

NET CURRENT ASSETS

577,202

511,800

TOTAL ASSETS LESS CURRENT LIABILITIES

1,137,985

1,072,721

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Revaluation reserve

7

162,928

162,928

Retained earnings

7

974,057

908,793

SHAREHOLDERS' FUNDS

1,137,985

1,072,721

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 8 January 2019 and were signed by:

L M Gold - Director

1.	STATUTORY INFORMATION

Bondmanor 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

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 rents receivable.

Tangible fixed assets

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

Fixtures and fittings

-

15% on reducing balance

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.

Taxation

Taxation for the year comprises current and deferred 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 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.

3.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 May 2017

and 30 April 2018

7,579

DEPRECIATION

At 1 May 2017

6,658

Charge for year

138

At 30 April 2018

6,796

NET BOOK VALUE

At 30 April 2018

783

At 30 April 2017

921

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 May 2017

and 30 April 2018

560,000

NET BOOK VALUE

At 30 April 2018

560,000

At 30 April 2017

560,000

Fair value at 30 April 2018 is represented by:

£

Valuation in 2012

162,928

Cost

397,072

560,000

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Amounts owed by group undertakings

571,995

521,995

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Taxation and social security

-

16,041

Other creditors

16,623

20,133

16,623

36,174

7.

RESERVES

Retained

Revaluation

earnings

reserve

Totals

£

£

£

At 1 May 2017

908,793

162,928

1,071,721

Profit for the year

65,264

65,264

At 30 April 2018

974,057

162,928

1,136,985

8.	CONTINGENT LIABILITIES

The company's investment property has been used to secure the bank borrowings of the holding company by way

of a fixed charge .

9.	ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of Ezra Attia Limited.

The ultimate controlling party is Mr E Attia.