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COMPANY REGISTRATION NUMBER: 13497118
Boultbee Brooks (Castle Park) Limited
Unaudited Financial Statements
31 December 2023
Boultbee Brooks (Castle Park) 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 (Castle Park) 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 25 September 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 (Castle Park) Limited
Statement of Comprehensive Income
Year ended 31 December 2023
Period from
Year to
6 Jul 21 to
31 Dec 23
31 Dec 22
Note
£
£
Cost of sales
369,698
407,488
---------
---------
Gross loss
( 369,698)
( 407,488)
Administrative expenses
4,104
31,280
Other operating income
699,694
1,015,318
---------
------------
Operating profit
325,892
576,550
Other interest receivable and similar income
10,701
2,387
Interest payable and similar expenses
610,857
372,621
---------
------------
(Loss)/profit before taxation
( 274,264)
206,316
Tax on (loss)/profit
( 37,551)
39,200
---------
---------
(Loss)/profit for the financial year and total comprehensive income
( 236,713)
167,116
---------
---------
All the activities of the company are from continuing operations.
Boultbee Brooks (Castle Park) Limited
Statement of Financial Position
31 December 2023
2023
2022
Note
£
£
Current assets
Stocks
31,651,329
23,904,366
Debtors
4
815,325
742,603
Cash at bank and in hand
1,182,134
652,872
-------------
-------------
33,648,788
25,299,841
Creditors: amounts falling due within one year
5
33,718,285
17,251,613
-------------
-------------
Net current (liabilities)/assets
( 69,497)
8,048,228
--------
------------
Total assets less current liabilities
( 69,497)
8,048,228
Creditors: amounts falling due after more than one year
6
7,881,012
--------
------------
Net (liabilities)/assets
( 69,497)
167,216
--------
------------
Capital and reserves
Called up share capital
100
100
Profit and loss account
( 69,597)
167,116
--------
---------
Shareholders (deficit)/funds
( 69,497)
167,216
--------
---------
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 25 September 2024 , and are signed on behalf of the board by:
L. Roberts
Director
Company registration number: 13497118
Boultbee Brooks (Castle Park) Limited
Statement of Changes in Equity
Year ended 31 December 2023
Called up share capital
Profit and loss account
Total
£
£
£
At 6 July 2021
100
100
Profit for the year
167,116
167,116
----
---------
---------
Total comprehensive income for the year
167,116
167,116
At 31 December 2022
100
167,116
167,216
Loss for the year
( 236,713)
( 236,713)
----
---------
---------
Total comprehensive income for the year
( 236,713)
( 236,713)
----
---------
---------
At 31 December 2023
100
( 69,597)
( 69,497)
----
---------
---------
Boultbee Brooks (Castle Park) 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.
Going concern
The company has net liabilities of £69,497. It has support of its creditors for the foreseeable future and the directors consider it to be a going concern.
Income tax
The taxation expense represents the aggregate amount of current tax. 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.
Stock and work in progress
Stock and working in progress is 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 it 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
384,223
300,652
Other debtors
431,102
441,951
---------
---------
815,325
742,603
---------
---------
5. Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
7,945,915
Trade creditors
1,303,833
1,106,954
Amounts owed to group undertakings and undertakings in which the company has a participating interest
24,129,402
15,602,130
Corporation tax
1,649
39,200
Other creditors
337,486
503,329
-------------
-------------
33,718,285
17,251,613
-------------
-------------
6. Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
7,881,012
----
------------
7. Charges on assets
Stock and other assets a secured against the bank loan.
8. Controlling party
The parent company was Boultbee Developments Limited and the ultimate parent was Boultbee Developments Holdings Limited. Both are registered at Formal House, 60 St Georges Place, Cheltenham, GL50 3PN.