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REGISTERED NUMBER: 02427002 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

FOR

BOLTON COURT ESTATE MANAGEMENT COMPANY
LIMITED

BOLTON COURT ESTATE MANAGEMENT COMPANY
LIMITED (REGISTERED NUMBER: 02427002)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BOLTON COURT ESTATE MANAGEMENT COMPANY
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2021







DIRECTORS: Mrs C A Duerden
Ms S A Wildsmith



SECRETARY: Mr A D Earnshaw



REGISTERED OFFICE: Close House
Giggleswick
Settle
North Yorkshire
BD24 0EA



REGISTERED NUMBER: 02427002 (England and Wales)



ACCOUNTANTS: Brosnans
Chartered Accountants
Suite 1, Aireside House
Royd Ings Avenue
Keighley
West Yorkshire
BD21 4BZ



BANKERS: NatWest Bank Plc
Bradford Broadway Branch
1 Market Street
Bradford
West Yorkshire
BD1 1EG

BOLTON COURT ESTATE MANAGEMENT COMPANY
LIMITED (REGISTERED NUMBER: 02427002)

BALANCE SHEET
31 DECEMBER 2021

2021 2020
Notes £    £   
FIXED ASSETS
Investment property 4 13,000 13,000

CURRENT ASSETS
Debtors 5 8,236 3,653
Cash at bank and in hand 49,428 52,788
57,664 56,441
CREDITORS
Amounts falling due within one year 6 (9,665 ) (4,333 )
NET CURRENT ASSETS 47,999 52,108
TOTAL ASSETS LESS CURRENT
LIABILITIES

60,999

65,108

PROVISIONS FOR LIABILITIES (2,470 ) (2,470 )
NET ASSETS 58,529 62,638

CAPITAL AND RESERVES
Called up share capital 7 40 40
Revaluation reserve 8 10,530 10,530
Other reserves 47,959 52,068
SHAREHOLDERS' FUNDS 58,529 62,638

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 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.

BOLTON COURT ESTATE MANAGEMENT COMPANY
LIMITED (REGISTERED NUMBER: 02427002)

BALANCE SHEET - continued
31 DECEMBER 2021


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 2 August 2022 and were signed on its behalf by:





Ms S A Wildsmith - Director


BOLTON COURT ESTATE MANAGEMENT COMPANY
LIMITED (REGISTERED NUMBER: 02427002)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

1. STATUTORY INFORMATION

Bolton Court Estate Management Company 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 (£).


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

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.

TURNOVER
This represents service charges, ground rents and levies receivable equally from the members together with garage rents receivable for the year.

INVESTMENT PROPERTY
Investment property, which is property held to earn rentals and/or for capital appreciation, is measured using the fair value model and stated at its fair value at the reporting end date. The surplus or deficit on revaluation is recognised in the profit and loss account.

TAXATION
The company is carrying on a mutual business for the benefit of its members and therefore any surplus arising from members' contributions will not be assessable to Corporation Tax. Any investment income received may be assessable to Corporation Tax in the normal manner depending on the amount of income received.

DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

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.

GOING CONCERN
The financial statements have been prepared on a going concern basis.

The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future and for a period of at least 12 months from the date of approval of these financial statements.

BOLTON COURT ESTATE MANAGEMENT COMPANY
LIMITED (REGISTERED NUMBER: 02427002)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2021

2. ACCOUNTING POLICIES - continued

OTHER RESERVES - MAINTENANCE RESERVE
Repair costs are written off as expenditure is incurred.

Any surplus of income over expenditure is required to be carried forward as maintenance reserve for use towards future repair costs, however such reserve is not necessarily intended to be sufficient to cover actual major items of repair expenditure which may have to be incurred.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2020 - NIL).

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2021
and 31 December 2021 13,000
NET BOOK VALUE
At 31 December 2021 13,000
At 31 December 2020 13,000

Investment property comprises garages available for rent by the residents of Bolton Court. The value of the investment property has been arrived at on the basis of a previous valuation carried out by Mr J S Oddy, the former Company Secretary and a Chartered Surveyor at £13,000 (2020: £13,000). The valuation was made on an open market value basis and is still considered to represent fair value.

The cost to the company of its investment property is £Nil (2020: £Nil).

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade debtors 3,616 3,653
Other debtors 4,620 -
8,236 3,653

BOLTON COURT ESTATE MANAGEMENT COMPANY
LIMITED (REGISTERED NUMBER: 02427002)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2021

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade creditors 805 1,120
Other creditors 8,860 3,213
9,665 4,333

7. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2021 2020
value: £    £   
40 Ordinary 1 40 40

8. RESERVES
Revaluation
reserve
£   
At 1 January 2021
and 31 December 2021 10,530

The revaluation reserve represents the surplus arising on the revaluation of freehold land and buildings less a provision for deferred tax. The deferred tax provision on the surplus on revaluation of the company's investment property amounts to £2,470 (2020: £2,470).