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REGISTERED NUMBER: 09965111 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

Boylin Holdings Limited

Boylin Holdings Limited (Registered number: 09965111)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


Boylin Holdings Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: Mr J W Boylin
Mrs N J Boylin
Miss A B Howarth





SECRETARY: Miss A B Howarth





REGISTERED OFFICE: 16 Regent Street
Barnsley
South Yorkshire
S70 2HG





REGISTERED NUMBER: 09965111 (England and Wales)





ACCOUNTANTS: Harris & Co Limited
Chartered Accountants
Marland House
13 Huddersfield Road
Barnsley
South Yorkshire
S70 2LW

Boylin Holdings Limited (Registered number: 09965111)

Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 2,145,643 2,146,637
Investment property 6 873,793 2,092,554
3,019,436 4,239,191

CURRENT ASSETS
Stocks 602,291 471,291
Debtors 7 14,531 47,444
Cash at bank 1,026,143 52,877
1,642,965 571,612
CREDITORS
Amounts falling due within one year 8 1,776,399 1,827,769
NET CURRENT LIABILITIES (133,434 ) (1,256,157 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,886,002

2,983,034

CREDITORS
Amounts falling due after more than one
year

9

(1,718,406

)

(1,892,915

)

PROVISIONS FOR LIABILITIES (180,000 ) (180,000 )
NET ASSETS 987,596 910,119

CAPITAL AND RESERVES
Called up share capital 10 1 1
Revaluation reserve 11 570,640 570,640
Retained earnings 416,955 339,478
SHAREHOLDERS' FUNDS 987,596 910,119

Boylin Holdings Limited (Registered number: 09965111)

Balance Sheet - continued
30 April 2024


The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the Company to obtain an audit of its financial statements for the year ended 30 April 2024 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 January 2025 and were signed on its behalf by:





Mr J W Boylin - Director


Boylin Holdings Limited (Registered number: 09965111)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Boylin Holdings 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.

The presentation and functional currency of the financial statements is the Pound Sterling (£).

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared on a going concern basis under the historical cost convention.

Significant judgements and estimates
The principal accounting policies and significant judgements and estimates applied in the preparation of these financial statements are set out below. These policies, judgements and estimates have been consistently applied to all years presented unless otherwise stated.

Turnover
Turnover represents the amounts earned on goods and services provided during the year and derives from the provision of goods and services falling within the company's ordinary activities.

Tangible fixed assets
Tangible fixed assets are initially recorded at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is not provided on freehold land and buildings. This accounting policy is a departure from the Companies Act 2006 requirement for all tangible assets to be depreciated and is not in accordance with FRS102. In the opinion of the directors any element of depreciation would be immaterial. It is also the opinion of the directors that the policy gives a fairer presentation of the results of the financial position of the company.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Boylin Holdings Limited (Registered number: 09965111)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

3. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

4. EMPLOYEES AND DIRECTORS

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

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 May 2023
and 30 April 2024 2,141,000 6,631 2,147,631
DEPRECIATION
At 1 May 2023 - 994 994
Charge for year - 994 994
At 30 April 2024 - 1,988 1,988
NET BOOK VALUE
At 30 April 2024 2,141,000 4,643 2,145,643
At 30 April 2023 2,141,000 5,637 2,146,637

At 30th April 2024 the directors consider that the value of the land and buildings included within the freehold land and buildings to be reasonable and free from material misstatement. The properties were last revalued by the directors during the 2021 financial year.

Cost or valuation at 30 April 2024 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2017 214,662 - 214,662
Valuation in 2018 312,500 - 312,500
Valuation in 2020 (15,522 ) - (15,522 )
Valuation in 2021 221,000 - 221,000
Cost 1,408,360 6,631 1,414,991
2,141,000 6,631 2,147,631

Boylin Holdings Limited (Registered number: 09965111)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

6. INVESTMENT PROPERTY
Total
£   
COST
At 1 May 2023 2,092,554
Additions 25,600
Disposals (1,244,361 )
At 30 April 2024 873,793
NET BOOK VALUE
At 30 April 2024 873,793
At 30 April 2023 2,092,554

At 30th April 2024 the directors consider that the value of the land and buildings included within investment property to be reasonable and free from material misstatement.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 8,059 841
Other debtors 6,472 46,603
14,531 47,444

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 174,510 167,873
Trade creditors 13,738 90,939
Amounts owed to group undertakings 1,531,940 1,517,711
Taxation and social security 42,752 22,439
Other creditors 13,459 28,807
1,776,399 1,827,769

The bank loans are secured by fixed charges over the tangible fixed assets of the business.

Included within creditors are amount due to the following connected company's:
J W Boylin Group Limited - £487,296 (2023: £742,915)
Boylin's Selfstore Limited - £954,655 (2023: £684,807)
Boylin's Selfstore (Wakefield Road) Limited - £89,989 (2023: £89,989)

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 1,718,406 1,892,915

Boylin Holdings Limited (Registered number: 09965111)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2024 2023
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years
by instalments 1,020,366 1,221,423
1,020,366 1,221,423

The bank loans are secured by fixed charges over the tangible fixed assets of the business.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary £1 1 1

11. RESERVES
Revaluation
reserve
£   
At 1 May 2023
and 30 April 2024 570,640