Registration number:
Boldarch Limited
for the Period from 1 November 2021 to 30 April 2023
Boldarch Limited
(Registration number: 03452197)
Balance Sheet as at 30 April 2023
Note |
2023 |
2021 |
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Fixed assets |
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Tangible assets |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current assets |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
( |
( |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Retained earnings |
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Shareholders' funds |
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For the financial period ending 30 April 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the Directors have not delivered to the registrar a copy of the Profit and Loss Account.
Approved and authorised by the
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Boldarch Limited
Notes to the Unaudited Financial Statements for the Period from 1 November 2021 to 30 April 2023
General information |
The company is a private company limited by share capital incorporated in England and the company registration number is 03452197.
The address of its registered office is:
These financial statements were authorised for issue by the
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
These financial statements cover the individual entity, Boldarch Limited.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
The financial statements are presented in sterling and are rounded to the nearest pound.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the Company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The Company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the Company's activities.
Tax
The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Tangible assets
Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Boldarch Limited
Notes to the Unaudited Financial Statements for the Period from 1 November 2021 to 30 April 2023
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
Asset class |
Depreciation method and rate |
Furniture and Fittings |
20% straight line basis |
Investment property
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the Company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
Leases
Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.
Defined contribution pension obligation
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the Company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
Staff numbers |
The average number of persons employed by the Company (including Directors) during the period, was
Boldarch Limited
Notes to the Unaudited Financial Statements for the Period from 1 November 2021 to 30 April 2023
Tangible assets |
Land and buildings |
Furniture, fittings and equipment |
Total |
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Cost or valuation |
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At 1 November 2021 |
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At 30 April 2023 |
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Depreciation |
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At 1 November 2021 |
- |
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At 30 April 2023 |
- |
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Carrying amount |
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At 30 April 2023 |
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- |
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At 31 October 2021 |
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- |
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Included within the net book value of land and buildings above is £2,071,858 (2021 - £2,071,858) in respect of freehold land and buildings.
Investment properties |
2023 |
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At 1 November |
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At 30 April |
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Investment properties were subject to valuation by C G Macdonald (a director who is not a profesional qualified valuer). The basis of this valuation was a fair value basis in the context of the location and class of investment properties being revalued.
There has been no valuation of investment property by an independent valuer.
Debtors |
Current |
Note |
2023 |
2021 |
Trade debtors |
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Amounts owed by related parties |
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Other debtors |
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Boldarch Limited
Notes to the Unaudited Financial Statements for the Period from 1 November 2021 to 30 April 2023
Creditors |
Note |
2023 |
2021 |
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Due within one year |
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Trade creditors |
- |
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Other creditors |
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Accruals and deferred income |
7,042 |
6,042 |
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Due after one year |
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Loans and borrowings |
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Related party transactions |
Director's and key management compensation
2023 |
2021 |
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Salaries and other short term employee benefits |
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Transactions with Directors |
2023 |
At 1 November 2021 |
Advances to Director |
Repayments by Director |
At 30 April 2023 |
H G R Macdonald |
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Directors current account |
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- |
( |
- |
C G Macdonald |
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Directors current account |
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( |
- |
( |
2021 |
At 1 November 2020 |
Advances to Director |
Repayments by Director |
At 31 October 2021 |
C J A Macdonald |
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Directors current account |
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- |
( |
- |
H G R Macdonald |
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Directors current account |
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( |
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C G Macdonald |
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Directors current account |
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( |
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Other transactions with Directors |
During the year dividends of £102,167 (2021: £97,087) were paid to the directors.
Boldarch Limited
Notes to the Unaudited Financial Statements for the Period from 1 November 2021 to 30 April 2023
Loans and borrowings |
2023 |
2021 |
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Non-current loans and borrowings |
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Other borrowings |
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2023 |
2021 |
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Current loans and borrowings |
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Other borrowings |
- |
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