1 June 2024 false No description of principal activity Taxfiler 2024.6 12582791 business:PrivateLimitedCompanyLtd 2024-06-01 2025-05-31 12582791 2024-05-31 12582791 2024-06-01 2025-05-31 12582791 business:AuditExemptWithAccountantsReport 2024-06-01 2025-05-31 12582791 business:FilletedAccounts 2024-06-01 2025-05-31 12582791 2025-05-31 12582791 business:Director1 2024-06-01 2025-05-31 12582791 business:RegisteredOffice 2024-06-01 2025-05-31 12582791 2024-05-31 12582791 core:WithinOneYear 2025-05-31 12582791 core:WithinOneYear 2024-05-31 12582791 core:AfterOneYear 2025-05-31 12582791 core:AfterOneYear 2024-05-31 12582791 core:ShareCapital core:PreviouslyStatedAmount 2025-05-31 12582791 core:ShareCapital core:PreviouslyStatedAmount 2024-05-31 12582791 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2025-05-31 12582791 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2024-05-31 12582791 core:PreviouslyStatedAmount 2025-05-31 12582791 core:PreviouslyStatedAmount 2024-05-31 12582791 business:SmallEntities 2024-06-01 2025-05-31 12582791 countries:EnglandWales 2024-06-01 2025-05-31 12582791 core:WithinOneYear 2024-06-01 2025-05-31 12582791 core:MoreThanFiveYears 2025-05-31 12582791 core:MoreThanFiveYears 2024-05-31 12582791 core:AfterOneYear 2024-06-01 2025-05-31 12582791 2023-06-01 2024-05-31 iso4217:GBP xbrli:pure
Company Registration No. 12582791 (England and Wales)
Marc Bolton Property Ltd Unaudited accounts for the year ended 31 May 2025
Marc Bolton Property Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
Marc Bolton Property Ltd Company Information for the year ended 31 May 2025
Director
M Bolton
Company Number
12582791 (England and Wales)
Registered Office
Unit 14 Poplar Road Business Park Poplar Road Cleethorpes N E Lincolnshire DN35 8BL England
Accountants
LRCA Limited McCue House 70 Wilton Road Grimsby N E Lincs DN36 4AW
- 3 -
Marc Bolton Property Ltd Statement of financial position as at 31 May 2025
2025
2024
Notes
£
£
Fixed assets
Investment property
4
200,000
200,000
Current assets
Debtors
5
11,775
11,770
Cash at bank and in hand
1,691
3,967
13,466
15,737
Creditors: amounts falling due within one year
6
(69,684)
(68,405)
Net current liabilities
(56,218)
(52,668)
Total assets less current liabilities
143,782
147,332
Creditors: amounts falling due after more than one year
7
(126,977)
(131,257)
Provisions for liabilities
Deferred tax
(3,021)
(3,021)
Net assets
13,784
13,054
Capital and reserves
Called up share capital
100
100
Profit and loss account
13,684
12,954
Shareholders' funds
13,784
13,054
For the year ending 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 28 July 2025 and were signed on its behalf by
M Bolton Director Company Registration No. 12582791
- 4 -
Marc Bolton Property Ltd Notes to the Accounts for the year ended 31 May 2025
1
Statutory information
Marc Bolton Property Ltd is a private company, limited by shares, registered in England and Wales, registration number 12582791. The registered office is Unit 14 Poplar Road Business Park, Poplar Road, Cleethorpes, N E Lincolnshire, DN35 8BL, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred taxation
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 accounts. 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.
4
Investment property
2025
£
Fair value at 1 June 2024
200,000
At 31 May 2025
200,000
Investment property was valued on an open market basis on 31st May 2025 by the director. Valuation was based on the sale of similar properties, in a similar location and condition.
- 5 -
Marc Bolton Property Ltd Notes to the Accounts for the year ended 31 May 2025
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Accrued income and prepayments
175
170
Other debtors
11,600
11,600
11,775
11,770
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
4,289
4,163
Taxes and social security
171
17
Other creditors
64,036
63,235
Accruals
1,188
990
69,684
68,405
Loans are secured on the assets to which they relate.
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
126,977
131,257
Aggregate of amounts that fall due for payment after five years
108,480
113,303
Loans are secured against the assets to which they relate.
8
Average number of employees
During the year the average number of employees was 1 (2024: 1).
- 6 -