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COMPANY REGISTRATION NUMBER: 10701769
Boultbee Brooks (Richmond) Limited
Unaudited Financial Statements
31 December 2023
Boultbee Brooks (Richmond) 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 (Richmond) 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 year 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 16 September 2024 and signed on behalf of the board by:
L. Roberts
Director
Registered office:
Formal House
60 St Georges Place
Cheltenam
GL50 3PN
Boultbee Brooks (Richmond) Limited
Statement of Comprehensive Income
Year ended 31 December 2023
2023
2022
Note
£
£
Turnover
18,366,425
Cost of sales
17,574,796
156,924
-------------
---------
Gross profit/(loss)
791,629
( 156,924)
Administrative expenses
2,706
3,700
Other operating income
( 162,142)
( 132,695)
---------
---------
Operating profit/(loss)
626,781
( 293,319)
Other interest receivable and similar income
11,033
189
Interest payable and similar expenses
358,145
---------
---------
Profit/(loss) before taxation
637,814
( 651,275)
Tax on profit/(loss)
---------
---------
Profit/(loss) for the financial year and total comprehensive income
637,814
( 651,275)
---------
---------
All the activities of the company are from continuing operations.
Boultbee Brooks (Richmond) Limited
Statement of Financial Position
31 December 2023
2023
2022
Note
£
£
Current assets
Stocks
17,453,219
Debtors
4
154,411
116,131
Cash at bank and in hand
7,948
79,982
---------
-------------
162,359
17,649,332
Creditors: amounts falling due within one year
5
252,323
18,377,110
---------
-------------
Net current liabilities
89,964
727,778
--------
---------
Total assets less current liabilities
( 89,964)
( 727,778)
--------
---------
Net liabilities
( 89,964)
( 727,778)
--------
---------
Capital and reserves
Called up share capital
1,000
1,000
Profit and loss account
( 90,964)
( 728,778)
--------
---------
Shareholders deficit
( 89,964)
( 727,778)
--------
---------
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 16 September 2024 , and are signed on behalf of the board by:
L. Roberts
Director
Company registration number: 10701769
Boultbee Brooks (Richmond) Limited
Statement of Changes in Equity
Year ended 31 December 2023
Called up share capital
Profit and loss account
Total
£
£
£
At 1 January 2022
1,000
( 77,503)
( 76,503)
Loss for the year
( 651,275)
( 651,275)
-------
---------
---------
Total comprehensive income for the year
( 651,275)
( 651,275)
At 31 December 2022
1,000
( 728,778)
( 727,778)
Profit for the year
637,814
637,814
-------
---------
---------
Total comprehensive income for the year
637,814
637,814
-------
---------
---------
At 31 December 2023
1,000
( 90,964)
( 89,964)
-------
---------
---------
Boultbee Brooks (Richmond) 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, Cheltenam, 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.
Going concern
The company sold its development property and are the directors are deciding the future for the company.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
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
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. Debtors
2023
2022
£
£
Trade debtors
120,600
10,359
Other debtors
33,811
105,772
---------
---------
154,411
116,131
---------
---------
5. Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
198,323
263,585
Amounts owed to group undertakings and undertakings in which the company has a participating interest
54,000
18,055,689
Other creditors
57,836
---------
-------------
252,323
18,377,110
---------
-------------
6. Controlling party
The intermediate parent company is Boultbee Developments Limited and the ultimate parent company is Boultbee Developments Holdings Limited. Their registered office is Formal House, 60 St Georges Place, Cheltenham, GL503PN. The ultimate controlling party is C.E.Boultbee Brooks.