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REGISTERED NUMBER: 02170264 (England and Wales)




UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

FOR

BOOTHROYD PROPERTY SERVICES LIMITED

BOOTHROYD PROPERTY SERVICES LIMITED (REGISTERED NUMBER: 02170264)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 March 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BOOTHROYD PROPERTY SERVICES LIMITED

COMPANY INFORMATION
for the year ended 31 March 2022







DIRECTORS: J P Boothroyd
Mrs R A Boothroyd





SECRETARY: Mrs R A Boothroyd





REGISTERED OFFICE: 19 The Square
Kenilworth
Warwickshire
CV8 1EF





REGISTERED NUMBER: 02170264 (England and Wales)





ACCOUNTANTS: LDP Luckmans
Chartered Accountants
1110 Elliott Court
Herald Avenue
Coventry Business Park
Coventry
West Midlands
CV5 6UB

BOOTHROYD PROPERTY SERVICES LIMITED (REGISTERED NUMBER: 02170264)

BALANCE SHEET
31 March 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 258,173 260,288
Investment property 6 883,785 880,000
1,141,958 1,140,288

CURRENT ASSETS
Debtors 7 63,049 84,777
Cash at bank and in hand 1,661,256 1,338,299
1,724,305 1,423,076
CREDITORS
Amounts falling due within one year 8 181,466 195,577
NET CURRENT ASSETS 1,542,839 1,227,499
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,684,797

2,367,787

PROVISIONS FOR LIABILITIES 24,429 24,831
NET ASSETS 2,660,368 2,342,956

CAPITAL AND RESERVES
Called up share capital 2 2
Revaluation reserve 9 169,032 169,032
Retained earnings 2,491,334 2,173,922
SHAREHOLDERS' FUNDS 2,660,368 2,342,956

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

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

BOOTHROYD PROPERTY SERVICES LIMITED (REGISTERED NUMBER: 02170264)

BALANCE SHEET - continued
31 March 2022


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 25 July 2022 and were signed on its behalf by:





Mrs R A Boothroyd - Director


BOOTHROYD PROPERTY SERVICES LIMITED (REGISTERED NUMBER: 02170264)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2022

1. STATUTORY INFORMATION

Boothroyd Property Services 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.

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 as modified by the revaluation of certain assets.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 1995, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 25% on reducing balance

No depreciation is charged on freehold property as, in the opinion of the directors, the realisable value of the property is in excess of the net book value.


Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

BOOTHROYD PROPERTY SERVICES LIMITED (REGISTERED NUMBER: 02170264)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2022

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2021 - 12 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2021
and 31 March 2022 10,999
AMORTISATION
At 1 April 2021
and 31 March 2022 10,999
NET BOOK VALUE
At 31 March 2022 -
At 31 March 2021 -

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold and
property fittings Totals
£    £    £   
COST OR VALUATION
At 1 April 2021
and 31 March 2022 253,025 155,114 408,139
DEPRECIATION
At 1 April 2021 - 147,851 147,851
Charge for year - 2,115 2,115
At 31 March 2022 - 149,966 149,966
NET BOOK VALUE
At 31 March 2022 253,025 5,148 258,173
At 31 March 2021 253,025 7,263 260,288

No depreciation is charged during the year on freehold property as, in the opinion of the directors, the realisable value of the property is in excess of the net book value.

BOOTHROYD PROPERTY SERVICES LIMITED (REGISTERED NUMBER: 02170264)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2022

5. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 31 March 2022 is represented by:

Fixtures
Freehold and
property fittings Totals
£    £    £   
Valuation in 2006 75,335 - 75,335
Valuation in 2015 50,000 - 50,000
Cost 127,690 155,114 282,804
253,025 155,114 408,139

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

2022 2021
£    £   
Cost 127,690 127,690

Freehold land and buildings were valued on an open market basis on 31 March 2021 by the directors .

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2021 880,000
Additions 3,785
At 31 March 2022 883,785
NET BOOK VALUE
At 31 March 2022 883,785
At 31 March 2021 880,000

Fair value at 31 March 2022 is represented by:
£   
Valuation in 2015 43,697
Valuation in 2017 19,917
Valuation in 2018 35,573
Valuation in 2021 46,604
Cost 737,994
883,785

If the investment properties had not been revalued they would have been included at the following historical cost:

2022 2021
£    £   
Cost 724,516 724,516

Investment property was valued on an open market basis on 31 March 2022 by the directors. .

BOOTHROYD PROPERTY SERVICES LIMITED (REGISTERED NUMBER: 02170264)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2022

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 58,894 81,560
Prepayments 4,155 3,217
63,049 84,777

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade creditors 14,503 13,436
Tax 94,618 83,769
Social security and other taxes - 8,317
VAT 29,378 48,884
Other creditors - 761
Directors' current accounts 105 105
Accrued expenses 42,862 40,305
181,466 195,577

9. RESERVES
Revaluation
reserve
£   
At 1 April 2021
and 31 March 2022 169,032