Registered number
12781600
Boulton Property Limited
Filleted Accounts
31 July 2023
Boulton Property Limited
Registered number: 12781600
Balance Sheet
as at 31 July 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 187,243 187,243
Current assets
Cash at bank and in hand 4,673 3,911
Creditors: amounts falling due within one year 4 (614) (1,164)
Net current assets 4,059 2,747
Total assets less current liabilities 191,302 189,990
Creditors: amounts falling due after more than one year 5 (192,990) (190,000)
Net liabilities (1,688) (10)
Capital and reserves
Called up share capital 1 1
Profit and loss account (1,689) (11)
Shareholder's funds (1,688) (10)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her 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.
Claire Boulton
Director
Approved by the board on 9 April 2024
Boulton Property Limited
Notes to the Accounts
for the year ended 31 July 2023
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 (as applied to small entities by section 1A of the standard).
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 over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company - -
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 August 2022 187,243
At 31 July 2023 187,243
Depreciation
At 31 July 2023 -
Net book value
At 31 July 2023 187,243
At 31 July 2022 187,243
4 Creditors: amounts falling due within one year 2023 2022
£ £
Other creditors 614 1,164
5 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 135,000 135,000
Other creditors 57,990 55,000
192,990 190,000
6 Loans 2023 2022
£ £
Creditors include:
Amounts payable otherwise than by instalment falling due for payment after more than five years 135,000 135,000
Secured bank loans 135,000 135,000
The loan is secured against the property assets of the business.
7 Controlling party
The company is controlled by the director by reason of her shareholding.
8 Other information
Boulton Property Limited is a private company limited by shares and incorporated in England. Its registered office is:
13 Village Road
Higher Bebingon
Wirral
CH63 8PP
Boulton Property Limited 12781600 false 2022-08-01 2023-07-31 2023-07-31 VT Final Accounts October 2023 release 2 Claire Boulton No description of principal activity 12781600 2021-08-01 2022-07-31 12781600 core:WithinOneYear 2022-07-31 12781600 core:AfterOneYear 2022-07-31 12781600 core:ShareCapital 2022-07-31 12781600 core:RetainedEarningsAccumulatedLosses 2022-07-31 12781600 2022-08-01 2023-07-31 12781600 bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 12781600 bus:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 12781600 bus:Director40 2022-08-01 2023-07-31 12781600 2 2022-08-01 2023-07-31 12781600 countries:England 2022-08-01 2023-07-31 12781600 bus:FRS102 2022-08-01 2023-07-31 12781600 bus:FullAccounts 2022-08-01 2023-07-31 12781600 2023-07-31 12781600 core:WithinOneYear 2023-07-31 12781600 core:AfterOneYear 2023-07-31 12781600 core:ShareCapital 2023-07-31 12781600 core:RetainedEarningsAccumulatedLosses 2023-07-31 12781600 core:LandBuildings 2023-07-31 12781600 2022-07-31 12781600 core:LandBuildings 2022-07-31 iso4217:GBP xbrli:pure