13 false false false false false false false false false false true false false false false false false 2023-07-01 Sage Accounts Production Advanced 2024 - FRS102_2024 446,874 382,495 1,276,134 3,017 1,616 1,277,535 90,822 4,199 503 94,518 1,183,017 1,185,312 xbrli:pure xbrli:shares iso4217:GBP 04547592 2023-07-01 2024-06-30 04547592 2024-06-30 04547592 2023-06-30 04547592 2022-07-01 2023-06-30 04547592 2023-06-30 04547592 2022-06-30 04547592 core:FurnitureFittings 2023-07-01 2024-06-30 04547592 bus:RegisteredOffice 2023-07-01 2024-06-30 04547592 bus:Director1 2023-07-01 2024-06-30 04547592 bus:Director2 2023-07-01 2024-06-30 04547592 bus:Director3 2023-07-01 2024-06-30 04547592 core:FurnitureFittings 2023-06-30 04547592 core:FurnitureFittings 2024-06-30 04547592 core:RetainedEarningsAccumulatedLosses 2022-07-01 2023-06-30 04547592 core:RetainedEarningsAccumulatedLosses 2023-07-01 2024-06-30 04547592 core:WithinOneYear 2024-06-30 04547592 core:WithinOneYear 2023-06-30 04547592 core:ShareCapital 2024-06-30 04547592 core:ShareCapital 2023-06-30 04547592 core:RetainedEarningsAccumulatedLosses 2024-06-30 04547592 core:RetainedEarningsAccumulatedLosses 2023-06-30 04547592 core:ShareCapital 2022-06-30 04547592 core:RetainedEarningsAccumulatedLosses 2022-06-30 04547592 core:BetweenOneFiveYears 2024-06-30 04547592 core:BetweenOneFiveYears 2023-06-30 04547592 core:FurnitureFittings 2023-06-30 04547592 bus:Director3 2023-06-30 04547592 bus:Director3 2024-06-30 04547592 bus:Director3 2022-06-30 04547592 bus:Director3 2023-06-30 04547592 bus:Director3 2022-07-01 2023-06-30 04547592 bus:SmallEntities 2023-07-01 2024-06-30 04547592 bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 04547592 bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 04547592 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 04547592 bus:FullAccounts 2023-07-01 2024-06-30 04547592 core:OtherRelatedParties 2024-06-30 04547592 core:OtherRelatedParties 2023-06-30
COMPANY REGISTRATION NUMBER: 04547592
Boultbee Brooks Real Estate Limited
Unaudited Financial Statements
30 June 2024
Boultbee Brooks Real Estate Limited
Financial Statements
Year ended 30th June 2024
Contents
Page
Directors' report
1
Statement of comprehensive income
2
Statement of financial position
3
Statement of changes in equity
5
Notes to the financial statements
6
Boultbee Brooks Real Estate Limited
Directors' Report
Year ended 30th June 2024
The directors present their report and the unaudited financial statements of the company for the year ended 30 June 2024 .
Principal activities
The principal activity of the company during the year was asset managers within the property sector.
Directors
The directors who served the company during the year were as follows:
L. Roberts
J.M. Whitcher
C.E. Boultbee Brooks
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on 20 March 2025 and signed on behalf of the board by:
L. Roberts
Director
Registered office:
Formal House
60 St Georges House
Cheltenham
GL50 3PN
Boultbee Brooks Real Estate Limited
Statement of Comprehensive Income
Year ended 30th June 2024
2024
2023
Note
£
£
Turnover
1,050,870
1,008,338
------------
------------
Gross profit
1,050,870
1,008,338
Administrative expenses
1,490,435
1,382,483
------------
------------
Operating loss
( 439,565)
( 374,145)
Other interest receivable and similar income
161
900
Interest payable and similar expenses
7,470
9,250
------------
------------
Loss before taxation
( 446,874)
( 382,495)
Tax on loss
---------
---------
Loss for the financial year and total comprehensive income
( 446,874)
( 382,495)
---------
---------
All the activities of the company are from continuing operations.
Boultbee Brooks Real Estate Limited
Statement of Financial Position
30 June 2024
2024
2023
Note
£
£
Fixed assets
Tangible assets
5
1,183,017
1,185,312
Current assets
Debtors
6
1,356,030
1,148,542
Cash at bank and in hand
98,849
89,968
------------
------------
1,454,879
1,238,510
Creditors: amounts falling due within one year
7
4,843,432
4,182,484
------------
------------
Net current liabilities
3,388,553
2,943,974
------------
------------
Total assets less current liabilities
( 2,205,536)
( 1,758,662)
------------
------------
Net liabilities
( 2,205,536)
( 1,758,662)
------------
------------
Capital and reserves
Called up share capital
100
100
Profit and loss account
( 2,205,636)
( 1,758,762)
------------
------------
Shareholders deficit
( 2,205,536)
( 1,758,662)
------------
------------
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
For the year ending 30th June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Boultbee Brooks Real Estate Limited
Statement of Financial Position (continued)
30 June 2024
These financial statements were approved by the board of directors and authorised for issue on 20 March 2025 , and are signed on behalf of the board by:
L. Roberts
Director
Company registration number: 04547592
Boultbee Brooks Real Estate Limited
Statement of Changes in Equity
Year ended 30th June 2024
Called up share capital
Profit and loss account
Total
£
£
£
At 1st July 2022
100
( 1,376,267)
( 1,376,167)
Loss for the year
( 382,495)
( 382,495)
----
------------
------------
Total comprehensive income for the year
( 382,495)
( 382,495)
At 30th June 2023
100
( 1,758,762)
( 1,758,662)
Loss for the year
( 446,874)
( 446,874)
----
------------
------------
Total comprehensive income for the year
( 446,874)
( 446,874)
----
------------
------------
At 30th June 2024
100
( 2,205,636)
( 2,205,536)
----
------------
------------
Boultbee Brooks Real Estate Limited
Notes to the Financial Statements
Year ended 30th June 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Formal House, 60 St Georges House, Cheltenham, GL50 3PN.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.
Going concern
The company has net liabilities £1,758,662. It has sufficient support from its creditors to remain in operational existence for the foreseeable future.
Revenue recognition
Turnover represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and fittings
-
25% reducing balance
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 13 (2023: 13 ).
5. Tangible assets
Fixtures and fittings
£
Cost
At 1st July 2023
1,276,134
Additions
3,017
Disposals
( 1,616)
------------
At 30th June 2024
1,277,535
------------
Depreciation
At 1st July 2023
90,822
Charge for the year
4,199
Disposals
( 503)
------------
At 30th June 2024
94,518
------------
Carrying amount
At 30th June 2024
1,183,017
------------
At 30th June 2023
1,185,312
------------
6. Debtors
2024
2023
£
£
Trade debtors
1,074,418
921,837
Other debtors
281,612
226,705
------------
------------
1,356,030
1,148,542
------------
------------
7. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
676,971
430,029
Social security and other taxes
67,592
80,545
Other creditors
4,098,869
3,671,910
------------
------------
4,843,432
4,182,484
------------
------------
8. Operating leases
The total future minimum lease payments under non-cancellable operating leases are as follows:
2024
2023
£
£
Not later than 1 year
122,210
117,295
Later than 1 year and not later than 5 years
19,928
284,665
---------
---------
142,138
401,960
---------
---------
The charge for the period in respect of operating leases relating office premises was £120,660 (2022:£155,443).
9. Directors' advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2024
Balance brought forward
Advances/ (credits) to the directors
Amounts repaid
Balance outstanding
£
£
£
£
C.E. Boultbee Brooks
3,176
22,576
( 29,973)
( 4,221)
-------
--------
--------
-------
2023
Balance brought forward
Advances/ (credits) to the directors
Amounts repaid
Balance outstanding
£
£
£
£
C.E. Boultbee Brooks
2,559
21,102
( 20,485)
3,176
-------
--------
--------
-------
Interest is charged at the rate of 3%.
10. Related party transactions
During the year the company entered into the following transactions with related parties:
Transaction value
Balance owed by/(owed to)
2024
2023
2024
2023
£
£
£
£
Boultbee Estates Limited
( 481,723)
( 326,719)
( 4,049,656)
( 3,567,933)
---------
---------
------------
------------
The loan is interest free and repayable on demand.