Boulder Holdings Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 11633774 (England and Wales)

BOULDER HOLDINGS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

22 OCTOBER 2018 TO 31 OCTOBER 2019

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

W Bown

C W Bown

Mrs A R Bown

REGISTERED OFFICE:

Blackhorse Farm

Main Street

Norwell

Newark

Nottinghamshire

NG23 6JN

REGISTERED NUMBER:

11633774 (England and Wales)

ACCOUNTANTS:

Duncan & Toplis Limited

4 Henley Way

Doddington Road

Lincoln

Lincolnshire

LN6 3QR

FIXED ASSETS

Investments

4

500,001

Investment property

5

1,571,119

2,071,120

CURRENT ASSETS

Debtors

6

7,000

Cash at bank

423

7,423

CREDITORS

Amounts falling due within one year

7

453,386

NET CURRENT LIABILITIES

(445,963

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,625,157

CREDITORS

Amounts falling due after more than one year

8

1,125,000

NET ASSETS

500,157

CAPITAL AND RESERVES

Called up share capital

10

500,001

Retained earnings

156

SHAREHOLDERS' FUNDS

500,157

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 October 2019.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 October 2019 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 26 August 2020 and were signed on its behalf by:

C W Bown - Director

1.	STATUTORY INFORMATION

Boulder Holdings 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Preparation of consolidated financial statements

The financial statements contain information about Boulder Holdings Limited as an individual company and do

not contain consolidated financial information as the parent of a group. The company is exempt under Section

399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover

Turnover represents rental income received excluding value added tax.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

statement of financial position 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 3 .

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

Additions

500,001

At 31 October 2019

500,001

NET BOOK VALUE

At 31 October 2019

500,001

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

Additions

1,571,119

At 31 October 2019

1,571,119

NET BOOK VALUE

At 31 October 2019

1,571,119

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Other debtors

7,000

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Amounts owed to group undertakings

450,307

Taxation and social security

2,279

Other creditors

800

453,386

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

£

Bank loans

1,125,000

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

928,125

9.	SECURED DEBTS

The following secured debts are included within creditors:

£

Bank loans

1,125,000

Bank borrowings are secured by a fixed and floating charge over the assets of the company.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

500,001

Ordinary

£1

500,001

500,001 Ordinary shares of £1 each were allotted and fully paid for cash at par during the period.

11.	GOING CONCERN

Following the impact of Covid-19, these accounts have been prepared on a going concern basis, on the

understanding that the directors and shareholders will continue to financially support the company during this

uncertain period.