Registered number
14058060
Bolton Holdings Limited
Unaudited Filleted Accounts
31 January 2024
Bolton Holdings Limited
Company Information
Director
Mr C T J Bolton
Accountants
Keith Graham
Chartered Accountants
Suite 2 Wesley Chambers
Queens Road
Aldershot
Hampshire
GU11 3JD
Bankers
Lloyds Bank plc
25 Gresham Street
London
EC2V 7HN
Registered office
Unit 2-3 Blacknest Business Park
Blacknest Road
Near Bentley, Alton
Hampshire
GU34 4PX
Registered number
14058060
Bolton Holdings Limited
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Bolton Holdings Limited for the year ended 31 January 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Bolton Holdings Limited for the year ended 31 January 2024 which comprise of the Profit and Loss Account, the Balance Sheet, the Statement of Changes in Equity and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/ members/regulations-standards-and-guidance.
This report is made solely to the Board of Directors of Bolton Holdings Limited, as a body, in accordance with the terms of our engagement letter dated 21 March 2023. Our work has been undertaken solely to prepare for your approval the accounts of Bolton Holdings Limited and state those matters that we have agreed to state to the Board of Directors of Bolton Holdings Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Bolton Holdings Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Bolton Holdings Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Bolton Holdings Limited. You consider that Bolton Holdings Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Bolton Holdings Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Keith Graham
Chartered Accountants
Suite 2 Wesley Chambers
Queens Road
Aldershot
Hampshire
GU11 3JD
30 October 2024
Bolton Holdings Limited
Registered number: 14058060
Balance Sheet
as at 31 January 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 2,627 -
Investments 4 4,198 80
6,825 80
Current assets
Debtors 5 2,533,075 837,940
Cash at bank and in hand 900,666 699,568
3,433,741 1,537,508
Creditors: amounts falling due within one year 6 (1,800) (1,440)
Net current assets 3,431,941 1,536,068
Net assets 3,438,766 1,536,148
Capital and reserves
Called up share capital 78 78
Profit and loss account 3,438,688 1,536,070
Shareholders' funds 3,438,766 1,536,148
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr C T J Bolton
Director
Approved by the board on 29 October 2024
Bolton Holdings Limited
Notes to the Accounts
for the year ended 31 January 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Short leasehold costs
£
Cost
Additions 2,919
At 31 January 2024 2,919
Depreciation
Charge for the year 292
At 31 January 2024 292
Net book value
At 31 January 2024 2,627
4 Investments
At cost Investments in
subsidiary Other
undertakings investments Total
£ £ £
Cost
At 1 February 2023 80 - 80
Additions - 4,118 4,118
At 31 January 2024 80 4,118 4,198
5 Debtors 2024 2023
£ £
Amounts owed by group undertakings and undertakings in which the company has a participating interest 2,466,739 837,940
Other debtors 66,336 -
2,533,075 837,940
Included in Other debtors is an amount of £65,000, a loan to BigPaws4Thought Limited, a company limited by guarantee, of which Mr C T J Bolton is a director. The loan is interest-free and repayable on demand.
6 Creditors: amounts falling due within one year 2024 2023
£ £
Other creditors 1,800 1,440
7 Related party transactions
The company has taken advantage of the exemption in Financial Reporting Standards 102 not to disclose related party transactions with wholly owned group undertakings.
8 Other information
Bolton Holdings Limited is a private company limited by shares and incorporated in England. Its registered office is:
Unit 2-3 Blacknest Business Park
Blacknest Road
Near Bentley, Alton
Hampshire
GU34 4PX
The financial statements are presented in Sterling, which is the functional currency of the company.
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