Boutique Boltholes Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10875137 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

20 JULY 2017 TO 31 JULY 2018

FOR

BOUTIQUE BOLTHOLES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

M D S McElney

Mrs A L Jenkins

REGISTERED OFFICE:

Bay Cottage

Wellow

Bath

BA2 8QE

REGISTERED NUMBER:

10875137 (England and Wales)

ACCOUNTANTS:

Haines Watts

Chartered Accountants

Q Court

3 Quality Street

Edinburgh

EH4 5BP

FIXED ASSETS

Tangible assets

4

6,175

Investment property

5

228,076

234,251

CURRENT ASSETS

Debtors

6

2,207

Cash at bank

4,268

6,475

CREDITORS

Amounts falling due within one year

7

244,791

NET CURRENT LIABILITIES

(238,316

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(4,065

)

CAPITAL AND RESERVES

Called up share capital

8

460

Retained earnings

(4,525

)

SHAREHOLDERS' FUNDS

(4,065

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 July 2018.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 July 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 15 April 2019 and were signed on its behalf by:

M D S McElney - Director

1.	STATUTORY INFORMATION

Boutique Boltholes 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 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.

At the 31st of July 2018 the company had net current liabilities of £238,316. The company relies on the

support of its shareholders to fund the day to day working capital requirements and the directors consider it

appropriate to prepare accounts under the going concern basic as this support will continue for the foreseeable

future.

Turnover

Turnover is stated at the gross amount of consideration received or receivable from third party holiday letting

services.

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.

Plant and machinery etc

-

25% 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 period 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 period 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.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

Additions

8,233

At 31 July 2018

8,233

DEPRECIATION

Charge for period

2,058

At 31 July 2018

2,058

NET BOOK VALUE

At 31 July 2018

6,175

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

Additions

228,076

At 31 July 2018

228,076

NET BOOK VALUE

At 31 July 2018

228,076

The investment property is initially recognised at cost. The property is then held at fair value with gains or

losses passing through the income statement. At the year end the directors did not believe that the fair value of

the property was materially different to the cost.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Other debtors

2,207

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Other creditors

244,791

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

230

Ordinary A

1

230

230

Ordinary B

1

230

460

The following shares were allotted and fully paid for cash at par during the period:

229 Ordinary A shares of 1 each

230 Ordinary B shares of 1 each

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the period ended 31 July 2018:

£

M D S McElney

Balance outstanding at start of period

-

Amounts advanced

221,500

Amounts repaid

(204,115

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of period

17,385

Mrs A L Jenkins

Balance outstanding at start of period

-

Amounts advanced

200,000

Amounts repaid

(200,900

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of period

(900

)