Caseware UK (AP4) 2023.0.135 2023.0.135 2023-11-302023-11-302022-12-01false2Lettings Company2falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 10484849 2022-12-01 2023-11-30 10484849 2021-12-01 2022-11-30 10484849 2023-11-30 10484849 2022-11-30 10484849 c:Director2 2022-12-01 2023-11-30 10484849 d:CurrentFinancialInstruments 2023-11-30 10484849 d:CurrentFinancialInstruments 2022-11-30 10484849 d:Non-currentFinancialInstruments 2023-11-30 10484849 d:Non-currentFinancialInstruments 2022-11-30 10484849 d:CurrentFinancialInstruments d:WithinOneYear 2023-11-30 10484849 d:CurrentFinancialInstruments d:WithinOneYear 2022-11-30 10484849 d:Non-currentFinancialInstruments d:AfterOneYear 2023-11-30 10484849 d:Non-currentFinancialInstruments d:AfterOneYear 2022-11-30 10484849 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-11-30 10484849 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2022-11-30 10484849 d:ShareCapital 2023-11-30 10484849 d:ShareCapital 2022-11-30 10484849 d:RetainedEarningsAccumulatedLosses 2023-11-30 10484849 d:RetainedEarningsAccumulatedLosses 2022-11-30 10484849 c:FRS102 2022-12-01 2023-11-30 10484849 c:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 10484849 c:FullAccounts 2022-12-01 2023-11-30 10484849 c:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 10484849 e:PoundSterling 2022-12-01 2023-11-30 iso4217:GBP xbrli:pure

Registered number: 10484849









THE BOLT & BROWN GROUP LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023

 
THE BOLT & BROWN GROUP LIMITED
REGISTERED NUMBER: 10484849

BALANCE SHEET
AS AT 30 NOVEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
 4 
250,000
250,000

Current assets
  

Debtors: amounts falling due within one year
 5 
404
319

Cash at bank and in hand
 6 
2,886
3,198

  
3,290
3,517

Creditors: amounts falling due within one year
 7 
(25,424)
(24,534)

Net current liabilities
  
 
 
(22,134)
 
 
(21,017)

Total assets less current liabilities
  
227,866
228,983

Creditors: amounts falling due after more than one year
 8 
(152,296)
(152,151)

  

Net assets
  
75,570
76,832


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
75,470
76,732

  
75,570
76,832


Page 1

 
THE BOLT & BROWN GROUP LIMITED
REGISTERED NUMBER: 10484849
    
BALANCE SHEET (CONTINUED)
AS AT 30 NOVEMBER 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 25 March 2024.




Richard Newbold
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
THE BOLT & BROWN GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1.


General information

The Bolt & Brown Group Limited ("the Company") provides the services of a lettings company. The company is a private company limited by shares and incorporated in England and Wales. The address of its registered office is Leytonstone House, 3 Hanbury Drive, Leytonstone, E11 1GA.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured.
Revenue principally comprises income recognised by the Company in respect of rent charged and other ancillary services supplied during the period, exclusive of Value Added Tax and trade discounts.
Rental income is recognised on a straight line basis over the term of the lease. Amounts invoiced in advance of the tenancy period are deferred accordingly and recognised as income in the period to which they relate.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Page 3

 
THE BOLT & BROWN GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

2.Accounting policies (continued)

 
2.6

Investment property

nvestment property is carried at fair value determined annually by the directors and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.7

Debtors

Short term debtors are measured at transaction price, less any impairment.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

 
2.9

Creditors

Short term creditors are measured at the transaction price.

 
2.10

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).


4.


Investment property





Long term leasehold investment property

£



Cost or valuation


At 1 December 2022
250,000



At 30 November 2023
250,000




Page 4

 
THE BOLT & BROWN GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

5.


Debtors

2023
2022
£
£


Other debtors
296
-

Prepayments and accrued income
108
319

404
319



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
2,886
3,198



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Amounts owed to group undertakings
4,183
4,183

Corporation tax
-
395

Other creditors
18,900
18,900

Accruals and deferred income
2,341
1,056

25,424
24,534



8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
152,296
152,151


Secured Loans
The loan is secured on the asset to which it relates and is guaranteed by the directors.

Page 5

 
THE BOLT & BROWN GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

9.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£




Amounts falling due after more than 5 years

Bank loans
152,296
152,151



10.


Related party transactions

At the year end, the Company owed £18,900 (2022 - £18,900) to the directors.

 
Page 6