Boltdean Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 01435361 (England and Wales)

Unaudited Financial Statements for the Year Ended 31st March 2022

for

Boltdean Limited

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

913

78

Investment property

5

1,500,000

1,500,913

1,500,078

CURRENT ASSETS

Debtors

6

1,035

987

Cash at bank

65,142

40,381

66,177

41,368

CREDITORS

Amounts falling due within one year

7

279,996

241,459

NET CURRENT LIABILITIES

(213,819

)

(200,091

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,287,094

1,299,987

PROVISIONS FOR LIABILITIES

94,093

NET ASSETS

1,193,001

1,205,894

CAPITAL AND RESERVES

Called up share capital

100

Fair value reserve

8

910,328

Retained earnings

282,573

295,466

SHAREHOLDERS' FUNDS

1,193,001

1,205,894

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2022 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25th May 2022 and were signed on its behalf by:

S Giornazi - Director

1.	STATUTORY INFORMATION

Boltdean Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

01435361

Registered office:

Treviot House

186-192 High Road

Ilford

Essex

IG1 1LR

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

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

Government grants

Grant income during the period has been accounted for using the accruals model. The grant is recognised as other income in the period the related costs are incurred by the entity for which the grant is intended to compensate.

Investment property

Investment property is included at fair value. Gains are recognised in the profit and loss account. Deferred

taxation is provided on these gains at the rate expected to apply when the property is sold.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 year 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.

Going concern

The balance sheet at the end of the year recorded net current liabilities. However, the directors believe that 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st April 2021

2,955

Additions

1,140

At 31st March 2022

4,095

DEPRECIATION

At 1st April 2021

2,877

Charge for year

305

At 31st March 2022

3,182

NET BOOK VALUE

At 31st March 2022

913

At 31st March 2021

78

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st April 2021

and 31st March 2022

1,500,000

NET BOOK VALUE

At 31st March 2022

1,500,000

At 31st March 2021

1,500,000

Fair value at 31st March 2022 is represented by:

£

Valuation in 2008

295,600

Valuation in 2014

304,070

Valuation in 2017

300,000

Valuation in 2018

(480,261

)

Valuation in 2019

585,012

Cost

495,579

1,500,000

If investment property had not been revalued it would have been included at the following historical cost:

2022

2021

£

Cost

495,579

Investment property was valued on a fair value basis on 31st March 2022 by the directors .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

Other debtors

1,035

987

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

Trade creditors

89

-

Amounts owed to group undertakings

336

-

Taxation and social security

9,430

194

Other creditors

270,141

241,265

279,996

241,459

8.

RESERVES

Fair

value

reserve

£

At 1st April 2021

and 31st March 2022

910,328

Boltdean Limited - Accounts to registrar (filleted) - small 18.2

Boltdean Limited - Accounts to registrar (filleted) - small 18.2