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REGISTERED NUMBER: 05742171 (England and Wales)















BOLINGBROKE PROPERTIES (LONDON) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






BOLINGBROKE PROPERTIES (LONDON) LIMITED (REGISTERED NUMBER: 05742171)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3 to 5

Accountants' Report 6

BOLINGBROKE PROPERTIES (LONDON) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: Miss E A Marsh



SECRETARY: P A Linder



REGISTERED OFFICE: 36 Fircroft Road
Tooting Bec
London
SW17 7PS



REGISTERED NUMBER: 05742171 (England and Wales)



ACCOUNTANTS: Duncan & Toplis Limited
Oxley House
Lincoln Way
Louth
Lincolnshire
LN11 0LS



BANKERS: HSBC
26 Clumber Street
Nottingham
Nottinghamshire
NG1 3GA

BOLINGBROKE PROPERTIES (LONDON) LIMITED (REGISTERED NUMBER: 05742171)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 130,000 130,000

CURRENT ASSETS
Cash at bank 267 1,283

CREDITORS
Amounts falling due within one year 5 91,186 90,064
NET CURRENT LIABILITIES (90,919 ) (88,781 )
TOTAL ASSETS LESS CURRENT LIABILITIES 39,081 41,219

CREDITORS
Amounts falling due after more than one year 6 29,710 32,577
NET ASSETS 9,371 8,642

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9,271 8,542
SHAREHOLDERS' FUNDS 9,371 8,642

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved and authorised for issue by the director and authorised for issue on 12 July 2024 and were signed by:





Miss E A Marsh - Director


BOLINGBROKE PROPERTIES (LONDON) LIMITED (REGISTERED NUMBER: 05742171)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Bolingbroke Properties (London) Limited 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Revenue
Revenue represents amounts receivable in respect of rent.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

No depreciation is provided in respect of the investment property. This treatment is not in accordance with the Companies Act but the directors consider that this accounting policy results in the accounts showing a true and fair view. Depreciation is only one of many factors reflected in the annual valuation and the amount which might otherwise have been shown cannot be separately identified or quantified.

Financial instruments
The company has chosen to adopt the FRS 102A in respect of financial instruments.

Basic financial assets, including trade and other debtors and cash and bank balances are initially recognised at transaction price, unless the arrangement constitute a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

At the end of each reporting period, financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in the income statement.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.


BOLINGBROKE PROPERTIES (LONDON) LIMITED (REGISTERED NUMBER: 05742171)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Going concern
Despite net current liabilities of £90,919 (2023: £88,781) the accounts have been prepared on a going concern basis as included in liabilities payable within one year is a loan by the director of £85,730 (2023: £84,230) which the director will not request repayment of until the company is in a position to repay the loan without affecting it's ability to trade.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 130,000
NET BOOK VALUE
At 31 March 2024 130,000
At 31 March 2023 130,000

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2020 (39 )
Cost 130,039
130,000

If the investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 130,039 130,039

The investment property was valued on an open market basis on 31 March 2020 by the directors .

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 3,491 4,044
Taxation and social security 406 349
Other creditors 87,289 85,671
91,186 90,064

BOLINGBROKE PROPERTIES (LONDON) LIMITED (REGISTERED NUMBER: 05742171)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 29,710 32,577

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years payable by
instalments

15,748

16,399

7. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 33,201 36,621

The loan is secured on the investment property.

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary 1 100 100

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
Miss E A Marsh
Balance outstanding at start of year (84,230 ) (81,002 )
Amounts advanced 500 -
Amounts repaid (2,000 ) (3,228 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (85,730 ) (84,230 )

No interest has been charged by the director on the loan to the company. Although the loan is repayable on demand, the director will not request repayment until the company can financially afford to, without affecting it's ability to trade.

ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
BOLINGBROKE PROPERTIES (LONDON) LIMITED

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Bolingbroke Properties (London) Limited for the year ended 31 March 2024 which comprise the Statement of Income and Retained Earnings, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

This report is made solely to the director of Bolingbroke Properties (London) Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Bolingbroke Properties (London) Limited and state those matters that we have agreed to state to the director of Bolingbroke Properties (London) Limited in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Bolingbroke Properties (London) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Bolingbroke Properties (London) Limited. You consider that Bolingbroke Properties (London) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Bolingbroke Properties (London) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Duncan & Toplis Limited
Oxley House
Lincoln Way
Louth
Lincolnshire
LN11 0LS


Date: .............................................