Bolt Hole Retreats Limited - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 10087754 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2022

FOR

BOLT HOLE RETREATS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M McWilliam

R England

M E Dent-Brocklehurst

H C Dent-Brocklehurst

REGISTERED OFFICE:

Battledown House

Ashley Road

Charlton Kings

Cheltenham

GL52 6PQ

REGISTERED NUMBER:

10087754 (England and Wales)

ACCOUNTANTS:

Kingscott Dix (Cheltenham) Limited

Chartered Accountants

Malvern View Business Park

Stella Way

Bishops Cleeve

Cheltenham

Gloucestershire

GL52 7DQ

FIXED ASSETS

Tangible assets

4

9,167

-

CURRENT ASSETS

Debtors

5

18,833

7,966

Cash at bank

1,788,507

1,500,992

1,807,340

1,508,958

CREDITORS

Amounts falling due within one year

6

(1,409,165

)

(1,229,926

)

NET CURRENT ASSETS

398,175

279,032

TOTAL ASSETS LESS CURRENT LIABILITIES

407,342

279,032

CREDITORS

Amounts falling due after more than one year

7

-

(35,833

)

PROVISIONS FOR LIABILITIES

9

(1,340

)

-

NET ASSETS

406,002

243,199

CAPITAL AND RESERVES

Called up share capital

10

104

103

Share premium

11

1,799

-

Capital redemption reserve

11

1

-

Retained earnings

11

404,098

243,096

SHAREHOLDERS' FUNDS

406,002

243,199

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 9 February 2023 and were signed on its behalf by:

M McWilliam - Director

1.	STATUTORY INFORMATION

Bolt Hole Retreats 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.

Significant judgements and estimates

No significant judgements or estimations have been used in preparing the financial statements.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

20% on cost

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Financial instruments

The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2021 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

Additions

10,364

At 31 October 2022

10,364

DEPRECIATION

Charge for year

1,197

At 31 October 2022

1,197

NET BOOK VALUE

At 31 October 2022

9,167

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade debtors

5,880

2,460

Other debtors

12,953

5,506

18,833

7,966

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Bank loans and overdrafts (see note 8)

-

10,000

Trade creditors

59,760

52,211

Tax

98,781

71,747

Social security and other taxes

49,548

23,929

Other creditors

1,152,576

1,040,895

Accrued expenses

48,500

31,144

1,409,165

1,229,926

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2022

2021

£

£

Bank loans (see note 8)

-

35,833

8.

LOANS

An analysis of the maturity of loans is given below:

2022

2021

£

£

Amounts falling due within one year or on demand:

Bank loans

-

10,000

Amounts falling due between one and two years:

Bank loans - 1-2 years

-

10,000

Amounts falling due between two and five years:

Bank loans - 2-5 years

-

25,833

9.	PROVISIONS FOR LIABILITIES

2022

2021

£

£

Deferred tax

1,340

-

Deferred

tax

£

Charge to Profit and Loss Account during year

1,340

Balance at 31 October 2022

1,340

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2022

2021

value:

£

£

700,000

Ordinary

£0.0001

70

100

35,000

A Ordinary

£0.0001

4

3

300,000

B Ordinary

£0.0001

30

-

104

103

During the year 300,000 Ordinary shares of £0.0001 each were redesignated as 300,000 B Ordinary shares of £0.0001 each.

During the year 10,000 A Ordinary shares of £0.0001 each were issued at a premium of £0.2399 per share. Subsequently, 2,500 A Ordinary shares of £0.0001 each were bought back for £0.2400 per share.

The Ordinary and B Ordinary shares have voting rights, rights to a dividend, and capital distribution rights. Both are non-redeemable.

The A Ordinary shares have no voting rights, but do have rights to a dividend, and capital distribution rights. They are redeemable.

11.

RESERVES

Capital

Retained

Share

redemption

earnings

premium

reserve

Totals

£

£

£

£

At 1 November 2021

243,096

-

-

243,096

Profit for the year

428,302

-

-

428,302

Dividends

(267,300

)

-

-

(267,300

)

Purchase of own shares

-

(600

)

1

(599

)

Cash share issue

-

2,399

-

2,399

At 31 October 2022

404,098

1,799

1

405,898