Boltdean Limited - Limited company - abbreviated - 11.6

Boltdean Limited - Limited company - abbreviated - 11.6

BOLTDEAN LIMITED - Company Information

Print Friendly Version

01435361 1.4.14 31.3.15 31.3.15 Company accounts Private Limited Company FY true false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure014353612014-03-31014353612015-03-31014353612014-04-012015-03-31014353612013-03-31014353612013-04-012014-03-31014353612014-03-3101435361ns12:England2014-04-012015-03-3101435361ns14:PoundSterling2014-04-012015-03-3101435361ns7:Director12014-04-012015-03-3101435361ns7:OrdinaryShareClass12014-04-012015-03-3101435361ns5:InvestmentProperties2015-03-3101435361ns5:InvestmentProperties2014-03-3101435361ns5:FixturesFittings2014-04-012015-03-3101435361ns5:InvestmentProperties2014-03-3101435361ns7:OrdinaryShareClass12015-03-3101435361ns7:OrdinaryShareClass12014-03-31
REGISTERED NUMBER: 01435361 (England and Wales)


















Abbreviated Unaudited Accounts for the Year Ended 31 March 2015

for

Boltdean Limited

Boltdean Limited (Registered number: 01435361)






Contents of the Abbreviated Accounts
for the Year Ended 31 March 2015




Page

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 3

Boltdean Limited (Registered number: 01435361)

Abbreviated Balance Sheet
31 March 2015

2015 2014
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 435 580
Investment property 3 1,600,000 1,600,000
1,600,435 1,600,580

CURRENT ASSETS
Cash at bank 25,957 46,921

CREDITORS
Amounts falling due within one year 4 344,215 335,115
NET CURRENT LIABILITIES (318,258 ) (288,194 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
1,282,177
1,312,386

CREDITORS
Amounts falling due after more than one
year
4
613,599
637,409
NET ASSETS 668,578 674,977

CAPITAL AND RESERVES
Called up share capital 5 100 100
Revaluation reserve 599,671 599,671
Profit and loss account 68,807 75,206
SHAREHOLDERS' FUNDS 668,578 674,977

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2015 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 notes form part of these abbreviated accounts

Page 1 continued...
Boltdean Limited (Registered number: 01435361)

Abbreviated Balance Sheet - continued
31 March 2015


The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the Board of Directors on 5 June 2015 and were signed on its behalf by:





S Giornazi - Director


The notes form part of these abbreviated accounts

Page 2
Boltdean Limited (Registered number: 01435361)

Notes to the Abbreviated Accounts
for the Year Ended 31 March 2015

1. ACCOUNTING POLICIES

Accounting convention
The financial statements have been prepared under the historical cost convention as modified by the revaluation
of certain assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective April
2008).

Exemption from preparing a cash flow statement
Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a
small company.

Turnover
Turnover represents rent receivable during the year.

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.

Fixtures and fittings - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in
market value is transferred to a revaluation reserve.

In accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008) no depreciation
is provided in respect of freehold properties held as investments. This is a departure from the requirements of the
Companies Act 2006 which requires all properties to be depreciated. Such properties are held for investment and
not for consumption and the directors consider that to depreciate them would not give a true and fair view.
Depreciation is only one of the many elements reflected in the annual valuation of properties and accordingly
the amount of depreciation which might otherwise have been charged can not be separately identified or
quantified. The directors consider that this policy results in the accounts giving a true and fair view.

Going concern
The balance sheet at the end of the year recorded net current liabilities. However, the director believes sufficient
financial resources are available to the company to enable it to continue trading into the foreseeable future.
Therefore, the financial statements have been prepared on a going concern basis.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2014
and 31 March 2015 2,955
DEPRECIATION
At 1 April 2014 2,375
Charge for year 145
At 31 March 2015 2,520
NET BOOK VALUE
At 31 March 2015 435
At 31 March 2014 580

Page 3 continued...
Boltdean Limited (Registered number: 01435361)

Notes to the Abbreviated Accounts - continued
for the Year Ended 31 March 2015

3. INVESTMENT PROPERTY
Total
£   
COST OR VALUATION
At 1 April 2014
and 31 March 2015 1,600,000
NET BOOK VALUE
At 31 March 2015 1,600,000
At 31 March 2014 1,600,000

4. CREDITORS

Creditors include an amount of £ 664,443 (2014 - £ 688,253 ) for which security has been given.

They also include the following debts falling due in more than five years:

2015 2014
£    £   
Repayable otherwise than by instalments 410,223 434,033

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2015 2014
value: £    £   
100 Ordinary £1 100 100

6. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

S Giornazi has given a personal guarantee of an unlimited amount to secure the bank overdraft facilities of the
company.

Page 4