REGISTERED NUMBER:
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Unaudited Financial Statements for the Year Ended 31 January 2022 |
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Bowling Hill Limited |
REGISTERED NUMBER:
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Unaudited Financial Statements for the Year Ended 31 January 2022 |
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Bowling Hill Limited |
Bowling Hill Limited (Registered number: 03375388) |
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Contents of the Financial Statements |
for the Year Ended 31 January 2022 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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Bowling Hill Limited |
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Company Information |
for the Year Ended 31 January 2022 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Woodlands Grange |
Woodlands Lane |
Bradley Stoke |
Bristol |
BS32 4JY |
Bowling Hill Limited (Registered number: 03375388) |
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Balance Sheet |
31 January 2022 |
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31.1.22 | 31.1.21 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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Investment property | 5 |
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CURRENT ASSETS |
Debtors | 6 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 7 |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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PROVISIONS FOR LIABILITIES |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 8 |
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Other reserves - non-distributable |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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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. |
Bowling Hill Limited (Registered number: 03375388) |
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Balance Sheet - continued |
31 January 2022 |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors and authorised for issue on
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Bowling Hill Limited (Registered number: 03375388) |
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Notes to the Financial Statements |
for the Year Ended 31 January 2022 |
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1. | STATUTORY INFORMATION |
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Bowling Hill Limited is a
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover represents rents receivable. |
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Tangible fixed assets |
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Fixtures and fittings | - |
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Computer equipment | - |
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Investment property |
Investment properties are revalued annually at their open market value in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).Where the surplus or deficit on revaluation is expected to be temporary, it is transferred to the revaluation reserve even where the deficit reduces the property below its historical cost. If the change in value is expected to be permanent, the movement in value is taken to the profit and loss account. |
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No depreciation is provided on investment properties, which is a departure from the requirements of the Companies Act 2006. In the opinion of the directors these properties are held primarily for their investment potential and so their current value is of more significance than any measure of consumption and to depreciate them would not give a true and fair view. The provisions of the Financial Reporting Standard for Smaller Entities (effective January 2015) in respect of investment properties have therefore been adopted in order to give a true and fair view. If this departure had not been made, the profit for the year would have been reduced by depreciation. |
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The amount of depreciation cannot reasonably be quantified and the amount which might otherwise have been shown cannot be separately identified or quantified. |
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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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
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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. |
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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. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was NIL (2021 - NIL). |
Bowling Hill Limited (Registered number: 03375388) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 January 2022 |
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4. | TANGIBLE FIXED ASSETS |
Fixtures |
and | Computer |
fittings | equipment | Totals |
£ | £ | £ |
COST |
At 1 February 2021 |
and 31 January 2022 |
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DEPRECIATION |
At 1 February 2021 |
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Charge for year |
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At 31 January 2022 |
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NET BOOK VALUE |
At 31 January 2022 |
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At 31 January 2021 |
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5. | INVESTMENT PROPERTY |
Total |
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FAIR VALUE |
At 1 February 2021 |
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Revaluations | 40,000 |
At 31 January 2022 |
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NET BOOK VALUE |
At 31 January 2022 |
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At 31 January 2021 |
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Included in fair value of investment property is freehold land of £ 53,813 (2021 - £ 53,813 ) which is not depreciated. |
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Fair value at 31 January 2022 is represented by: |
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Valuation in 2011 | 14,025 |
Valuation in 2012 | 34,190 |
Valuation in 2013 | 129,342 |
Valuation in 2014 | 150,047 |
Valuation in 2015 | 65,000 |
Valuation in 2016 | 70,000 |
Valuation in 2017 | 15,000 |
Valuation in 2018 | (10,000 | ) |
Valuation in 2020 | 80,000 |
Valuation in 2022 | 40,000 |
Cost | 382,396 |
970,000 |
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If investment property had not been revalued it would have been included at the following historical cost: |
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31.1.22 | 31.1.21 |
£ | £ |
Cost | 607,946 | 607,946 |
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Investment properties were valued on an open market basis on 31 January 2022 by the directors . |
Bowling Hill Limited (Registered number: 03375388) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 January 2022 |
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6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.1.22 | 31.1.21 |
£ | £ |
Other debtors |
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Prepayments |
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7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.1.22 | 31.1.21 |
£ | £ |
Tax |
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Other creditors |
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Directors' current accounts | 256,023 | 251,711 |
Accruals and deferred income |
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8. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.1.22 | 31.1.21 |
value: | £ | £ |
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Ordinary | £1 | 100,002 | 100,002 |
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B Ordinary | £1 | 998 | 998 |
101,000 | 101,000 |
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9. | ULTIMATE CONTROLLING PARTY |
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The ultimate controlling party is
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