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REGISTERED NUMBER: 01262847 (England and Wales)















Bollingmore (Properties) Limited

Unaudited Financial Statements

for the Year Ended 31 December 2023






Bollingmore (Properties) Limited (Registered number: 01262847)

Contents of the Financial Statements
for the year ended 31 December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Bollingmore (Properties) Limited

Company Information
for the year ended 31 December 2023







Directors: T E Bollingmore
J K Bollingmore





Secretary: T E Bollingmore





Registered office: New Derwent House
69-73 Theobalds Road
London
WC1X 8TA





Registered number: 01262847 (England and Wales)





Accountants: Cooper Parry Advisory Limited
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA

Bollingmore (Properties) Limited (Registered number: 01262847)

Balance Sheet
31 December 2023

2023 2022
Notes £ £ £ £
Fixed assets
Investment property 4 3,250,000 3,250,000

Current assets
Debtors 5 12,599 12,599
Cash at bank 93,798 96,281
106,397 108,880
Creditors
Amounts falling due within one year 6 170,504 238,448
Net current liabilities (64,107 ) (129,568 )
Total assets less current liabilities 3,185,893 3,120,432

Provisions for liabilities 7 475,810 475,810
Net assets 2,710,083 2,644,622

Capital and reserves
Called up share capital 8 100 100
Retained earnings 9 2,709,983 2,644,522
Shareholders' funds 2,710,083 2,644,622

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 September 2024 and were signed on its behalf by:





T E Bollingmore - Director


Bollingmore (Properties) Limited (Registered number: 01262847)

Notes to the Financial Statements
for the year ended 31 December 2023


1. Statutory information

Bollingmore (Properties) 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.

2. Accounting policies

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover comprises revenue recognised by the company in respect of rental income receivable during the year, exclusive of Value Added Tax.

Investment property
Investment property is shown at fair value based on most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the income statement.

Financial instruments
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts which are an integral part of the company's cash management.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

3. Employees and directors

The average number of employees during the year was NIL (2022 - NIL).

4. Investment property
Total
£
Fair value
At 1 January 2023
and 31 December 2023 3,250,000
Net book value
At 31 December 2023 3,250,000
At 31 December 2022 3,250,000

Bollingmore (Properties) Limited (Registered number: 01262847)

Notes to the Financial Statements - continued
for the year ended 31 December 2023


4. Investment property - continued

Fair value at 31 December 2023 is represented by:
£
Valuation in 2008 1,001,073
Valuation in 2013 152,000
Valuation in 2020 395,000
Valuation in 2021 855,000
Cost 846,927
3,250,000

The directors assessed the valuation of the investment property portfolio at the year-end and consider the current value represents an open market value on an existing use basis.

5. Debtors: amounts falling due within one year
2023 2022
£ £
Trade debtors 12,599 12,599

6. Creditors: amounts falling due within one year
2023 2022
£ £
Trade creditors - 3,960
Amounts owed to group undertakings 100,618 134,849
Taxation and social security 26,240 23,654
Other creditors 43,646 75,985
170,504 238,448

7. Provisions for liabilities
2023 2022
£ £
Deferred tax
Other timing differences 475,810 475,810

Deferred tax
£
Balance at 1 January 2023 475,810
Balance at 31 December 2023 475,810

The potential liability is based on a corporation tax rate of 19% (2020: 19%).

8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
100 Ordinary £1 100 100

Bollingmore (Properties) Limited (Registered number: 01262847)

Notes to the Financial Statements - continued
for the year ended 31 December 2023


9. Reserves
Retained
earnings
£

At 1 January 2023 2,644,522
Profit for the year 121,461
Dividends (56,000 )
At 31 December 2023 2,709,983

Included in the retained earnings, the amount of £1,927,263 (2022: £1,927,263) relates to the revaluation of investment property after making provision for deferred tax. This balance is not distributable until the properties are sold.

10. Related party disclosures

Included in creditors at the balance sheet date is £44 (2022: £40) due to the directors.