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COMPANY REGISTRATION NUMBER: 08505625
Bortell Holdings Limited
Filleted Unaudited Financial Statements
30 June 2024
Bortell Holdings Limited
Statement of Financial Position
30 June 2024
2024
2023
Note
£
£
£
Fixed assets
Investments
4
4
4
Current assets
Debtors
5
3,191,156
2,455,393
Cash at bank and in hand
915
139,683
------------
------------
3,192,071
2,595,076
Creditors: amounts falling due within one year
6
358,259
81,710
------------
------------
Net current assets
2,833,812
2,513,366
------------
------------
Total assets less current liabilities
2,833,816
2,513,370
------------
------------
Capital and reserves
Called up share capital
106
106
Profit and loss account
2,833,710
2,513,264
------------
------------
Shareholders funds
2,833,816
2,513,370
------------
------------
These financial statements have been prepared and delivered 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'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 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 .
Bortell Holdings Limited
Statement of Financial Position (continued)
30 June 2024
These financial statements were approved by the board of directors and authorised for issue on 7 March 2025 , and are signed on behalf of the board by:
Mr S Singh
Director
Company registration number: 08505625
Bortell Holdings Limited
Notes to the Financial Statements
Year ended 30 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 The Old Mill, 9 Soar Lane, Leicester, LE3 5DE.
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, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Investments in associates
Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses.
4. Investments
Other investments other than loans
£
Cost
At 1 July 2023 and 30 June 2024
4
----
Impairment
At 1 July 2023 and 30 June 2024
----
Carrying amount
At 30 June 2024
4
----
At 30 June 2023
4
----
5. Debtors
2024
2023
£
£
Amounts owed by group undertakings and undertakings in which the company has a participating interest
295,316
338,716
Other debtors
2,895,840
2,116,677
------------
------------
3,191,156
2,455,393
------------
------------
6. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
195
262
Amounts owed to group undertakings and undertakings in which the company has a participating interest
307,064
32,960
Corporation tax
48,488
Other creditors
51,000
---------
--------
358,259
81,710
---------
--------
7. 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
£
£
£
£
Mr & Mrs Singh
( 144,003)
173,000
( 331,080)
( 302,083)
---------
---------
---------
---------
2023
Balance brought forward
Advances/ (credits) to the directors
Amounts repaid
Balance outstanding
£
£
£
£
Mr & Mrs Singh
( 1,710)
131,903
( 274,196)
( 144,003)
-------
---------
---------
---------
8. Related party transactions
During the year the company provided an interest free loan to related parties, at the end of the year the balance outstanding was £2,596,316 (2023: £1,893,006).