Registered number
04516948
Boddys Ltd
Filleted Accounts
31 August 2024
Boddys Ltd
Registered number: 04516948
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 600,000 600,000
Current assets
Cash at bank and in hand 161 1,257
Creditors: amounts falling due within one year 4 (32,705) (41,496)
Net current liabilities (32,544) (40,239)
Total assets less current liabilities 567,456 559,761
Creditors: amounts falling due after more than one year 5 (363,642) (356,202)
Provisions for liabilities (30,296) (30,296)
Net assets 173,518 173,263
Capital and reserves
Called up share capital 100 100
Revaluation reserve 6 159,450 159,450
Profit and loss account 13,968 13,713
Shareholder's funds 173,518 173,263
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 member has 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.
Lucinda Bilboe
Director
Approved by the board on 1 February 2025
Boddys Ltd
Notes to the Accounts
for the year ended 31 August 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.
Investment Property
Investment property is initially recognised at cost, which includes purchase cost and any directly attributable expenditure.
Investment property whose fair value can be measured reliably without undue cost or effort is measured at fair value at each reporting date. Any fair value gains arising are not realised profits and therefore are transferred to a separately designated non-distributable fair value reserve. Any loss arising from revaluation is also recognised in the fair value reserve unless it represents a loss below original cost, or its reversal. on an individual investment property is expected to be permanent, in which case it is recognised in profit or loss for the year.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), 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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Investment property
Total
£
Fair Value
At 1 September 2023 600,000
At 31 August 2024 600,000
Net book value
At 31 August 2024 600,000
At 31 August 2023 600,000
4 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loan 32,705 41,496
Taxation and social security costs - -
32,705 41,496
5 Creditors: amounts falling due after one year 2024 2023
£ £
Property loan 64,500 74,784
Shareholders' loan 299,142 281,418
363,642 356,202
6 Revaluation reserve 2024 2023
£ £
At 1 September 2023 159,450 159,450
At 31 August 2024 159,450 159,450
7 Other information
Boddys Ltd is a private company limited by shares and incorporated in England. Its registered office is:
29-33 Fisherton Street
Salisbury
Wiltshire
SP2 7SU
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