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REGISTERED NUMBER: 06798674 (England and Wales)



















Financial Statements

for the Year Ended 31 January 2024

for

Boat Harbour Properties Limited

Boat Harbour Properties Limited (Registered number: 06798674)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Boat Harbour Properties Limited

Company Information
for the Year Ended 31 January 2024







DIRECTOR: Ms W L Thompson





REGISTERED OFFICE: The Mills
Canal Street
Derby
DE1 2RJ





REGISTERED NUMBER: 06798674 (England and Wales)





ACCOUNTANTS: Bates Weston LLP
Chartered Accountants
The Mills
Canal Street
Derby
DE1 2RJ

Boat Harbour Properties Limited (Registered number: 06798674)

Balance Sheet
31 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 25
Investment property 5 230,000 200,000
230,000 200,025

CURRENT ASSETS
Debtors 6 1,000 -
Cash at bank 4,275 4,531
5,275 4,531
CREDITORS
Amounts falling due within one year 7 92,343 89,765
NET CURRENT LIABILITIES (87,068 ) (85,234 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

142,932

114,791

CREDITORS
Amounts falling due after more than one
year

8

(72,380

)

(73,880

)

PROVISIONS FOR LIABILITIES (13,200 ) (7,500 )
NET ASSETS 57,352 33,411

CAPITAL AND RESERVES
Called up share capital 1 1
Fair value reserve 9 56,049 31,749
Retained earnings 9 1,302 1,661
SHAREHOLDERS' FUNDS 57,352 33,411

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

Boat Harbour Properties Limited (Registered number: 06798674)

Balance Sheet - continued
31 January 2024


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 October 2024 and were signed by:





Ms W L Thompson - Director


Boat Harbour Properties Limited (Registered number: 06798674)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Boat Harbour 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.

Tangible fixed assets
Tangible fixed assets are stated at historical cost less accumulated depreciation. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:

Computer Equipment- 33% on cost

Investment property
Investment property is not depreciated but is revalued annually at its fair value with any surplus or deficit reflected in the profit and loss account. Any aggregate surplus or deficit arising from changes in fair value is transferred to a fair value reserve.

Deferred tax
Provision is made at current rates for taxation deferred in respect of all material timing differences, including provisions made for potential tax arising on assets which have been revalued.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 February 2023
and 31 January 2024 399
DEPRECIATION
At 1 February 2023 374
Charge for year 25
At 31 January 2024 399
NET BOOK VALUE
At 31 January 2024 -
At 31 January 2023 25

Boat Harbour Properties Limited (Registered number: 06798674)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2023 200,000
Revaluations 30,000
At 31 January 2024 230,000
NET BOOK VALUE
At 31 January 2024 230,000
At 31 January 2023 200,000

Fair value at 31 January 2024 is represented by:
£   
Valuation in 2024 230,000

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

2024 2023
£    £   
Cost 160,751 160,751
Aggregate depreciation (8,038 ) (4,823 )

Investment property was valued on a fair value basis on 31 January 2024 by the director .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 1,000 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 1,500 1,500
Trade creditors - 13
Social security and other taxes 64 25
Other creditors 1,567 1,567
Director's current account 76,557 79,634
Accrued expenses 12,655 7,026
92,343 89,765

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1- 5 years 3,250 4,750
Other creditors 69,130 69,130
72,380 73,880

Boat Harbour Properties Limited (Registered number: 06798674)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

9. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 February 2023 1,661 31,749 33,410
Profit for the year 23,941 23,941
Revaluations (30,000 ) 30,000 -
Deferred taxation 5,700 (5,700 ) -
At 31 January 2024 1,302 56,049 57,351