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REGISTERED NUMBER: 13797892 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

BOLTHOMES LTD

BOLTHOMES LTD (REGISTERED NUMBER: 13797892)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 December 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


BOLTHOMES LTD

COMPANY INFORMATION
for the year ended 31 December 2023







DIRECTORS: Mr B J T Bolton
Mrs J S Bolton





REGISTERED OFFICE: Raffingers LLP
19-20 Bourne Court
Southend Road
Woodford Green
Essex
IG8 8HD





REGISTERED NUMBER: 13797892 (England and Wales)





ACCOUNTANTS: Raffingers LLP
Chartered Certified Accountants
19-20 Bourne Court
Southend Road
Woodford Green
Essex
IG8 8HD

BOLTHOMES LTD (REGISTERED NUMBER: 13797892)

ABRIDGED BALANCE SHEET
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 802,086 802,086

CURRENT ASSETS
Debtors 52,500 22,500
Cash at bank and in hand 167 683
52,667 23,183
CREDITORS
Amounts falling due within one year 385,426 353,390
NET CURRENT LIABILITIES (332,759 ) (330,207 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

469,327

471,879

CREDITORS
Amounts falling due after more than one
year

5

487,525

487,525
NET LIABILITIES (18,198 ) (15,646 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (18,200 ) (15,648 )
(18,198 ) (15,646 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

BOLTHOMES LTD (REGISTERED NUMBER: 13797892)

ABRIDGED BALANCE SHEET - continued
31 December 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 December 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 7 February 2024 and were signed on its behalf by:





Mrs J S Bolton - Director


BOLTHOMES LTD (REGISTERED NUMBER: 13797892)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2023

1. STATUTORY INFORMATION

Bolthomes Ltd 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.

Investment property
Investment properties are properties held to earn rentals and for capital appreciation. Investment properties are initially measured at cost, including transaction costs. Subsequently investment properties are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.

Going concern
The directors continue to adopt the going concern basis in preparing the financial statements which assumes that the company will continue in operation for the foreseeable future. The directors are of the opinion that the company will be able to meet any liabilities as and when due with the continued support of the directors.

Turnover
Turnover represents rents receivables for the year and is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and sales taxes.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023
and 31 December 2023 802,086
NET BOOK VALUE
At 31 December 2023 802,086
At 31 December 2022 802,086

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
2023 2022
£    £   
Repayable by instalments
Bank loans more 5 yr by instal 487,525 487,525

BOLTHOMES LTD (REGISTERED NUMBER: 13797892)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023

6. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 487,525 487,525

The mortgage from Charter Court Financial Services t/a Precise Mortgages is secured by way of a fixed charge over the company's property at 2 The Heights, Bumbles Green, Nazeing, Essex.

7. RELATED PARTY DISCLOSURES

As at the year end, the company owed the director £383,986 (2022- £351,981).

At the balance sheet date the company was owed £52,500 (2022 - £22,500), from 4-armed Health Ltd a company of which Mr B Bolton and Mrs J Bolton are directors.

The company received £30,000 (2022 - £22,500) from 4-armed Health Ltd for rent and services provided.