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REGISTERED NUMBER: 05086231 (England and Wales)













FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

BOLINDA UK LTD

BOLINDA UK LTD (REGISTERED NUMBER: 05086231)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


BOLINDA UK LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: J Herrmann
R I Herrmann





REGISTERED OFFICE: 10 John Street
London
WC1N 2EB





REGISTERED NUMBER: 05086231 (England and Wales)





AUDITORS: Oury Clark Chartered Accountants
Statutory Auditors
Herschel House
58 Herschel Street
Slough
Berkshire
SL1 1PG

BOLINDA UK LTD (REGISTERED NUMBER: 05086231)

BALANCE SHEET
30 JUNE 2024

30.6.24 30.6.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 170,606 77,796

CURRENT ASSETS
Stocks 48,901 25,117
Debtors 5 3,659,263 2,858,752
Cash at bank 242,093 725,654
3,950,257 3,609,523
CREDITORS
Amounts falling due within one year 6 3,845,896 3,439,070
NET CURRENT ASSETS 104,361 170,453
TOTAL ASSETS LESS CURRENT
LIABILITIES

274,967

248,249

PROVISIONS FOR LIABILITIES 16,436 4,574
NET ASSETS 258,531 243,675

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 258,431 243,575
SHAREHOLDERS' FUNDS 258,531 243,675

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 June 2025 and were signed on its behalf by:





J Herrmann - Director


BOLINDA UK LTD (REGISTERED NUMBER: 05086231)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

Bolinda UK Ltd 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 trading address is at The Pavilion, Newbury Business Park, London Road, Newbury, Berkshire, RG14 2PZ.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. The financial statements have been prepared under the historical cost convention.

The directors of the parent company have confirmed the group will continue its trading relationship with the Company for at least 12 months and 1 day from the date of the signing of the audit report. As a result of this commitment, the directors have continued to adopt the going concern basis in preparing these financial statements.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover represents the sale to libraries of both digital and physical books and other reading materials. Additional turnover is earned through service fees, and intragroup turnover for transfer pricing purposes. Turnover is recognised net of discounts and Value-Added Tax upon delivery of the product or service.

Tangible fixed assets
Tangible fixed assets are recognised at net cost less accumulated depreciation and any impairments. Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc - straightline between 2 and 10 years

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 Income Statement, 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.


BOLINDA UK LTD (REGISTERED NUMBER: 05086231)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

2. 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Financial instruments
Basic Financial Instruments, as covered by Section 11 of FRS 102, are measured at amortised cost. The company does not have any Other Financial Instruments, as covered by Section 12 of FRS 102.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 26 (2023 - 26 ) .

BOLINDA UK LTD (REGISTERED NUMBER: 05086231)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023 161,833
Additions 130,058
Disposals (26,165 )
At 30 June 2024 265,726
DEPRECIATION
At 1 July 2023 84,037
Charge for year 33,862
Eliminated on disposal (22,779 )
At 30 June 2024 95,120
NET BOOK VALUE
At 30 June 2024 170,606
At 30 June 2023 77,796

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 1,880,637 1,375,689
Amounts owed by group undertakings 1,113,531 1,374,134
Other debtors 80,906 62,772
Prepayments and accrued income 584,189 46,157
3,659,263 2,858,752

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade creditors 21,091 44,643
Tax 95,685 80,321
Taxation and Social security 182,092 102,327
Other creditors & accruals 3,547,028 3,211,779
3,845,896 3,439,070

BOLINDA UK LTD (REGISTERED NUMBER: 05086231)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
30.6.24 30.6.23
£    £   
Within one year 39,000 39,000
Between one and five years 89,925 124,987
128,925 163,987

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
100 Ordinary £1 100 100

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Emma Crowley (Senior Statutory Auditor)
for and on behalf of Oury Clark Chartered Accountants

We would like to draw your attention to the following statement contained within our audit report as included within the full financial statements:-

"Use of our Report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed."

10. ULTIMATE PARENT COMPANY

The immediate parent company is Bolinda Group Pty Ltd, incorporated in Australia with a registered office at HWT Tower Level 17, 40 City Road, Southbank, Victoria, 3006. Bolinda Group Pty Ltd prepares consolidated financial statements. Copies of the consolidated financial statements will be available on ASIC once formally lodged.

Walshe Enterprises Pty Ltd, incorporated in Australia, is the ultimate parent company by virtue of its 100% shareholding.