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COMPANY REGISTRATION NUMBER: 12669037
Boultbee Brooks (Victoria St.2) Limited
Unaudited Financial Statements
31 December 2023
Boultbee Brooks (Victoria St.2) Limited
Financial Statements
Year ended 31 December 2023
Contents
Page
Directors' report
1
Statement of comprehensive income
2
Statement of financial position
3
Statement of changes in equity
4
Notes to the financial statements
5
Boultbee Brooks (Victoria St.2) Limited
Directors' Report
Year ended 31 December 2023
The directors present their report and the unaudited financial statements of the company for the year ended 31 December 2023 .
Principal activities
The principal activity of the company during the period was property development.
Directors
The directors who served the company during the year were as follows:
L. Roberts
C.E. 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 22 August 2024 and signed on behalf of the board by:
L. Roberts
Director
Registered office:
Formal House
60 St Georges Place
Cheltenham
GL50 3PN
Boultbee Brooks (Victoria St.2) Limited
Statement of Comprehensive Income
Year ended 31 December 2023
2023
2022
Note
£
£
Administrative expenses
1,027
21
Other operating income
39,079
40,438
--------
--------
Operating profit
38,052
40,417
--------
--------
Profit before taxation
38,052
40,417
Tax on profit
( 7,679)
33
--------
--------
Profit for the financial year and total comprehensive income
45,731
40,384
--------
--------
All the activities of the company are from continuing operations.
Boultbee Brooks (Victoria St.2) Limited
Statement of Financial Position
31 December 2023
2023
2022
Note
£
£
Current assets
Stocks
684,600
684,600
Debtors
4
5,454
5,647
Cash at bank and in hand
65,014
29,734
---------
---------
755,068
719,981
Creditors: amounts falling due within one year
5
632,843
643,487
---------
---------
Net current assets
122,225
76,494
---------
--------
Total assets less current liabilities
122,225
76,494
---------
--------
Net assets
122,225
76,494
---------
--------
Capital and reserves
Called up share capital
100
100
Profit and loss account
122,125
76,394
---------
--------
Shareholders funds
122,225
76,494
---------
--------
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 31 December 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 .
These financial statements were approved by the board of directors and authorised for issue on 22 August 2024 , and are signed on behalf of the board by:
L. Roberts
Director
Company registration number: 12669037
Boultbee Brooks (Victoria St.2) Limited
Statement of Changes in Equity
Year ended 31 December 2023
Called up share capital
Profit and loss account
Total
£
£
£
At 1 January 2022
100
36,010
36,110
Profit for the year
40,384
40,384
----
--------
--------
Total comprehensive income for the year
40,384
40,384
At 31 December 2022
100
76,394
76,494
Profit for the year
45,731
45,731
----
--------
--------
Total comprehensive income for the year
45,731
45,731
----
---------
---------
At 31 December 2023
100
122,125
122,225
----
---------
---------
Boultbee Brooks (Victoria St.2) Limited
Notes to the Financial Statements
Year ended 31 December 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.
Income tax
The taxation expense represents the amount of current tax recognised in the reporting period. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Operating leases
Lease income is recognised in profit or loss on a straight line basis over the lease term. The aggregate cost of lease incentives are recognised as a reduction to income over the lease term on a straight-line basis. Costs, including depreciation, incurred in earning the lease income are recognised as an expense. Any initial direct costs incurred in negotiating and arranging the operating lease are added to the carrying amount of the lease and recognised as an expense over the lease term on the same basis as the lease income.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Financial instruments
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. Debtors
2023
2022
£
£
Trade debtors
500
Other debtors
4,954
5,647
-------
-------
5,454
5,647
-------
-------
5. Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
6,837
Amounts owed to group undertakings and undertakings in which the company has a participating interest
627,302
627,301
Corporation tax
7,679
Other creditors
5,541
1,670
---------
---------
632,843
643,487
---------
---------
6. Controlling party
The intermediate parent company is Boultbee Developments Limited and the ultimate parent company is Boultbee Development Holdings Limited. Their registered office is; Formal House, 60 St Georges Place, Cheltenham, GL50 3PN.