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Company No: 01435361 (England and Wales)

BOLTDEAN LIMITED

Unaudited Financial Statements
For the financial year ended 31 March 2025
Pages for filing with the registrar

BOLTDEAN LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2025

Contents

BOLTDEAN LIMITED

COMPANY INFORMATION

For the financial year ended 31 March 2025
BOLTDEAN LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 March 2025
DIRECTORS F Giornazi
S Giornazi
A Giornazi (Appointed 01 September 2024)
L Giornazi (Appointed 01 April 2025)
M Giornazi (Appointed 01 April 2025)
SECRETARY F Giornazi
REGISTERED OFFICE Treviot House
186-192 High Road
Ilford
IG1 1LR
United Kingdom
COMPANY NUMBER 01435361 (England and Wales)
ACCOUNTANT Gravita Essex Limited
Treviot House
186-192 High Road
Ilford
Essex
IG1 1LR
United Kingdom
BOLTDEAN LIMITED

BALANCE SHEET

As at 31 March 2025
BOLTDEAN LIMITED

BALANCE SHEET (continued)

As at 31 March 2025
Note 2025 2024
£ £
Fixed assets
Tangible assets 3 386 514
Investment property 4 1,500,000 1,500,000
1,500,386 1,500,514
Current assets
Debtors 5 1,133 703
Cash at bank and in hand 55,107 58,605
56,240 59,308
Creditors: amounts falling due within one year 6 ( 268,234) ( 269,591)
Net current liabilities (211,994) (210,283)
Total assets less current liabilities 1,288,392 1,290,231
Provision for liabilities ( 123,807) ( 123,807)
Net assets 1,164,585 1,166,424
Capital and reserves
Called-up share capital 100 100
Fair value reserve 7 880,615 880,615
Profit and loss account 283,870 285,709
Total shareholders' funds 1,164,585 1,166,424

For the financial year ending 31 March 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Boltdean Limited (registered number: 01435361) were approved and authorised for issue by the Board of Directors on 23 May 2025. They were signed on its behalf by:

S Giornazi
Director
BOLTDEAN LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025
BOLTDEAN LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Boltdean Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Treviot House, 186-192 High Road, Ilford, IG1 1LR, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover represents rent receivable during the year.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Fixtures and fittings 25 % reducing balance
Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

The fair value is determined annually by the directors, on an open market value for existing use basis.

2. Employees

2025 2024
Number Number
Monthly average number of persons employed by the Company during the year, including directors 3 2

3. Tangible assets

Fixtures and fittings Total
£ £
Cost
At 01 April 2024 4,095 4,095
At 31 March 2025 4,095 4,095
Accumulated depreciation
At 01 April 2024 3,581 3,581
Charge for the financial year 128 128
At 31 March 2025 3,709 3,709
Net book value
At 31 March 2025 386 386
At 31 March 2024 514 514

4. Investment property

Investment property
£
Valuation
As at 01 April 2024 1,500,000
As at 31 March 2025 1,500,000

Historic cost

If the investment properties had been accounted for under the cost accounting rules, the properties would have been measured as follows:

2025 2024
£ £
Historic cost 495,579 495,579

The investment property was valued on a fair value basis on 31st March 2025 by the directors based on their knowledge of the comparable local properties.

5. Debtors

2025 2024
£ £
Other debtors 1,133 703

6. Creditors: amounts falling due within one year

2025 2024
£ £
Trade creditors 0 7,200
Taxation and social security 14,566 8,937
Other creditors 253,668 253,454
268,234 269,591

7. Reserves

Fair value reserve

2025
£
At 1st April 2024 and 31st March 2025 880,615