Bolland Family Investments Limited - Period Ending 2020-01-31

Bolland Family Investments Limited

Contents

Balance Sheet	1
Notes to the Unaudited Financial Statements	2 to 3

Bolland Family Investments Limited

(Registration number: 10558879)
Balance Sheet as at 31 January 2020

	Note	2020 £	2019 £
Fixed assets
Investment property	4	240,459	240,459
Current assets
Cash at bank and in hand		3,547	-
Creditors: Amounts falling due within one year	5	(244,795)	(240,457)
Net current liabilities		(241,248)	(240,457)
Net (liabilities)/assets		(789)	2
Capital and reserves
Called up share capital		2	2
Profit and loss account		(791)	-
Shareholders' (deficit)/funds		(789)	2

For the financial year ending 31 January 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 30 October 2020
 

.........................................

Mr S P Bolland
Director

Bolland Family Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2020

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
9 Thorne Road
Doncaster
South Yorkshire
DN1 2HJ
United Kingdom

These financial statements were authorised for issue by the director on 30 October 2020.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Bolland Family Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2020

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2019 - 1).

4	Investment properties

	2020 £
At 1 February 2019	240,459
At 31 January 2020	240,459

The director believes the Investment Property is included at fair value.

5

Creditors

Creditors: amounts falling due within one year

	Note	2020 £	2019 £
Due within one year
Amounts owed to related parties		240,890	240,457
Other creditors		3,551	-
Accrued expenses		354	-
		244,795	240,457