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Company Registration No. 04359127 (England and Wales)
Bootland Property Investments Limited Unaudited accounts for the year ended 31 January 2024
Bootland Property Investments Limited Unaudited accounts Contents
Page
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Bootland Property Investments Limited Company Information for the year ended 31 January 2024
Director
J R Bootland
Company Number
04359127 (England and Wales)
Registered Office
The Hollies 52 Teall Street Ossett Yorkshire WF5 0NY United Kingdom
Accountants
RAE Business Services (Yorkshire) Limited First Floor 85 Great Portland Street London W1W 7LT
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Bootland Property Investments Limited Accountants' report
Accountants' report to the director of Bootland Property Investments Limited on the preparation of the unaudited statutory accounts 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 Bootland Property Investments Limited for the year ended 31 January 2024 as set out on pages 5 - 8 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Bootland Property Investments Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Bootland Property Investments Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Bootland Property Investments Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Bootland Property Investments 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 loss of Bootland Property Investments Limited. You consider that Bootland Property Investments 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 Bootland Property Investments 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.
RAE Business Services (Yorkshire) Limited First Floor 85 Great Portland Street London W1W 7LT 31 October 2024
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Bootland Property Investments Limited Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
1,572,000 
1,910,000 
Investments
12 
12 
1,572,012 
1,910,012 
Current assets
Inventories
47,609 
43,290 
Debtors
143,046 
149,563 
Cash at bank and in hand
2,514 
42,803 
193,169 
235,656 
Creditors: amounts falling due within one year
(76,343)
(84,992)
Net current assets
116,826 
150,664 
Total assets less current liabilities
1,688,838 
2,060,676 
Creditors: amounts falling due after more than one year
(1,642,756)
(1,680,028)
Provisions for liabilities
Deferred tax
(48,473)
(132,973)
Net (liabilities)/assets
(2,391)
247,675 
Capital and reserves
Called up share capital
150 
150 
Revaluation reserve
(21,332)
232,168 
Profit and loss account
18,791 
15,357 
Shareholders' funds
(2,391)
247,675 
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 31 October 2024 and were signed on its behalf by
J R Bootland Director Company Registration No. 04359127
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Bootland Property Investments Limited Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
Bootland Property Investments Limited is a private company, limited by shares, registered in England and Wales, registration number 04359127. The registered office is The Hollies, 52 Teall Street, Ossett, Yorkshire, WF5 0NY, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% on cost
Fixtures & fittings
25% on cost
Computer equipment
33% on cost
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Presentation currency
The accounts are presented in £ sterling.
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Bootland Property Investments Limited Notes to the Accounts for the year ended 31 January 2024
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 February 2023
2,781 
5,068 
2,244 
10,093 
At 31 January 2024
2,781 
5,068 
2,244 
10,093 
Depreciation
At 1 February 2023
2,781 
5,068 
2,244 
10,093 
At 31 January 2024
2,781 
5,068 
2,244 
10,093 
Net book value
At 31 January 2024
- 
- 
- 
- 
5
Investment property
2024 
£ 
Fair value at 1 February 2023
1,910,000 
Net loss from fair value adjustments
(338,000)
At 31 January 2024
1,572,000 
Investment properties are valued on an 'open market' basis at the year end, by the director.
6
Investments
Subsidiary undertakings 
£ 
Valuation at 1 February 2023
12 
Valuation at 31 January 2024
12 
7
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Amounts due from group undertakings etc.
116,222 
118,345 
Other debtors
26,824 
31,218 
143,046 
149,563 
8
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
- 
359 
Other creditors
10,216 
8,393 
Loans from directors
66,127 
76,240 
76,343 
84,992 
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Bootland Property Investments Limited Notes to the Accounts for the year ended 31 January 2024
9
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
1,444,691 
1,365,482 
Other creditors
198,065 
314,546 
1,642,756 
1,680,028 
Aggregate of amounts that fall due for payment after five years
1,407,505 
1,323,335 
In June 2020, the company received a Bounce Back Loan of £50,000, which is a 100% UK Government backed loan. Under the terms of the loan, the fees and interest incurred in the first 12 months are settled on behalf of the company by the UK Government. After the first 12 months, an interest rate of 2.5% is applicable. The initial length of the loan is for six years, with an option to extend to ten years under the Bounce Back Loan Scheme.
10
Deferred taxation
2024 
2023 
£ 
£ 
Revaluation of land and buildings
48,473 
132,973 
2024 
2023 
£ 
£ 
Provision at start of year
132,973 
- 
(Credited)/charged to the profit and loss account
(84,500)
132,973 
Provision at end of year
48,473 
132,973 
Comparatives have been restated for deferred tax on revaluation of investment properties.
11
Transactions with related parties
Related parties transactions are as follows: Related company debtors £132,830 (2023 - £134,953) with the loans being interest-free and repayable on demand. Related company creditors £117,396 (2023 - £134,953) with the loans being interest-free and repayable on demand.
12
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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