Registered number
13242647
Boddledale Holdings Limited
Report and Accounts
31 March 2022
Accountancy 4 Success Limited
Accountants and Business Advisors
33 Wolverhampton Road
Cannock
Staffordshire
WS11 1AP
Boddledale Holdings Limited
Registered number: 13368138
Balance Sheet
as at 31 March 2022
Notes 2022
£
Fixed assets
Tangible assets 3 1,713,169
Investments 4 4
1,713,173
Current assets
Debtors 5 132,790
Cash at bank and in hand 7,091
139,881
Creditors: amounts falling due within one year 6 (603,699)
Net current liabilities (463,818)
Total assets less current liabilities 1,249,355
Creditors: amounts falling due after more than one year 7 (1,086,300)
Provisions for liabilities (851)
Net assets 162,204
Capital and reserves
Called up share capital 200
Profit and loss account 162,004
Shareholders' funds 162,204
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Miles Wanstall Welch
Director
Approved by the board on 18 July 2022
Boddledale Holdings Limited
Notes to the Accounts
for the period from 3 March 2021 to 31 March 2022
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings Nil
Fixtures, fittings, tools and equipment 20% reducing balance
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2022
Number
Average number of persons employed by the company 2
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
Additions 1,692,060 21,249 1,713,309
At 31 March 2022 1,692,060 21,249 1,713,309
Depreciation
Charge for the period - 140 140
At 31 March 2022 - 140 140
Net book value
At 31 March 2022 1,692,060 21,109 1,713,169
4 Investments
Investments in
subsidiary
undertakings
£
Cost
Additions 4
At 31 March 2022 4
The company holds 100% of the share capital of Milestone Advisory Ltd, a company incorporated in the UK.
5 Debtors 2022
£
Amounts owed by group undertakings and undertakings in which the company has a participating interest 128,330
Other debtors 4,460
132,790
6 Creditors: amounts falling due within one year 2022
£
Corporation tax 5,434
Other creditors 598,265
603,699
7 Creditors: amounts falling due after one year 2022
£
Bank loans 1,086,300
8 Related party transactions
There are no related party transactions.
9 Controlling party
The company is controlled by its directors who are the shareholders.
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