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COMPANY REGISTRATION NUMBER: 05140145
Boultbee Brooks (Sharpnage) Limited
Unaudited Financial Statements
31 March 2023
Boultbee Brooks (Sharpnage) Limited
Financial Statements
Year ended 31st March 2023
Contents
Page
Directors' report
1
Statement of comprehensive income
2
Statement of financial position
3
Statement of changes in equity
5
Notes to the financial statements
6
Boultbee Brooks (Sharpnage) Limited
Directors' Report
Year ended 31st March 2023
The directors present their report and the unaudited financial statements of the company for the year ended 31 March 2023 .
Principal activities
The principal activity of the company during the year was the provision of holiday accomodation and related services.
Directors
The directors who served the company during the year were as follows:
C.E. Boultbee Brooks
L.F. Boultbee Brooks
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on 29 February 2024 and signed on behalf of the board by:
C.E. Boultbee Brooks
Director
Registered office:
Formal House
60 St Georges Place
Cheltenham
GL50 3PN
Boultbee Brooks (Sharpnage) Limited
Statement of Comprehensive Income
Year ended 31st March 2023
2023
2022
Note
£
£
Turnover
63,973
102,880
Staff costs
4
8,476
Depreciation and other amounts written off tangible and intangible fixed assets
2,014
2,469
Other operating expenses
8,485
36,461
--------
---------
Operating profit
53,474
55,474
Other interest receivable and similar income
112
9
--------
---------
Profit before taxation
53,586
55,483
Tax on profit
--------
--------
Profit for the financial year and total comprehensive income
53,586
55,483
--------
--------
All the activities of the company are from continuing operations.
Boultbee Brooks (Sharpnage) Limited
Statement of Financial Position
31 March 2023
2023
2022
Note
£
£
Fixed assets
Tangible assets
5
937,472
918,220
Current assets
Debtors
6
3,996
40,528
Cash at bank and in hand
12,301
17,524
--------
--------
16,297
58,052
Creditors: amounts falling due within one year
7
939,902
934,991
---------
---------
Net current liabilities
923,605
876,939
---------
---------
Total assets less current liabilities
13,867
41,281
--------
--------
Net assets
13,867
41,281
--------
--------
Capital and reserves
Called up share capital
1
1
Profit and loss account
13,866
41,280
--------
--------
Shareholders funds
13,867
41,281
--------
--------
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
For the year ending 31st March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Boultbee Brooks (Sharpnage) Limited
Statement of Financial Position (continued)
31 March 2023
These financial statements were approved by the board of directors and authorised for issue on 29 February 2024 , and are signed on behalf of the board by:
C.E. Boultbee Brooks
Director
Company registration number: 05140145
Boultbee Brooks (Sharpnage) Limited
Statement of Changes in Equity
Year ended 31st March 2023
Called up share capital
Profit and loss account
Total
£
£
£
At 1st April 2021
1
110,797
110,798
Profit for the year
55,483
55,483
----
---------
---------
Total comprehensive income for the year
55,483
55,483
Dividends paid and payable
( 125,000)
( 125,000)
----
---------
---------
Total investments by and distributions to owners
( 125,000)
( 125,000)
At 31st March 2022
1
41,280
41,281
Profit for the year
53,586
53,586
----
---------
---------
Total comprehensive income for the year
53,586
53,586
Dividends paid and payable
( 81,000)
( 81,000)
----
--------
--------
Total investments by and distributions to owners
( 81,000)
( 81,000)
----
--------
--------
At 31st March 2023
1
13,866
13,867
----
--------
--------
Boultbee Brooks (Sharpnage) Limited
Notes to the Financial Statements
Year ended 31st March 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Formal House, 60 St Georges Place, Cheltenham, GL50 3PN.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and fittings
-
20% reducing balance
Land and buildings are not depreciated.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.
4. Staff costs
The average number of persons employed by the company during the year amounted to 2 (2022: 3 ).
The aggregate employment costs incurred during the year were:
2023
2022
£
£
Wages and salaries
8,476
----
-------
5. Tangible assets
Freehold property
Fixtures and fittings
Total
£
£
£
Cost
At 1st April 2022
908,142
33,796
941,938
Additions
21,266
21,266
---------
--------
---------
At 31st March 2023
929,408
33,796
963,204
---------
--------
---------
Depreciation
At 1st April 2022
23,718
23,718
Charge for the year
2,014
2,014
---------
--------
---------
At 31st March 2023
25,732
25,732
---------
--------
---------
Carrying amount
At 31st March 2023
929,408
8,064
937,472
---------
--------
---------
At 31st March 2022
908,142
10,078
918,220
---------
--------
---------
6. Debtors
2023
2022
£
£
Trade debtors
33,519
Amounts owed by group undertakings and undertakings in which the company has a participating interest
2,845
1,439
Other debtors
1,151
5,570
-------
--------
3,996
40,528
-------
--------
7. Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
1,231
6,991
Amounts owed to group undertakings and undertakings in which the company has a participating interest
929,999
862,999
Other creditors
8,672
65,001
---------
---------
939,902
934,991
---------
---------
8. Controlling party
The parent undertaking was Boultbee Brooks Limited whose registered office is: Formal House, 60 St Georges Place, Cheltenham, GL50 3PN.