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Registration number: 03452197

Boldarch Limited
Unaudited Filleted Financial Statements
for the Year Ended 30 April 2025

Boldarch Limited

Contents

Balance Sheet | 1
Notes to the Unaudited Financial Statements | 2 to 5

Boldarch Limited

(Registration number: 03452197)
Balance Sheet as at 30 April 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Investment property | 5 | 2,071,858 | 2,071,858
Current assets |  |  |
Debtors | 6 | 347,115 | 739,923
Cash at bank and in hand |  | 603,515 | 137,226
|  | 950,630 | 877,149
Creditors: Amounts falling due within one year | 7 | (153,442) | (179,357)
Net current assets |  | 797,188 | 697,792
Net assets |  | 2,869,046 | 2,769,650
Capital and reserves |  |  |
Called up share capital |  | 200 | 200
Retained earnings |  | 2,868,846 | 2,769,450
Shareholders' funds |  | 2,869,046 | 2,769,650

For the financial year ending 30 April 2025 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 accounts for the year in question in accordance with section 476; and
• | The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the Directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 28 August 2025 and signed on its behalf by:

......................................... C J A Macdonald Director
......................................... H G R Macdonald Director

Boldarch Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

1 | General information

The Company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
29-31 Hainton Avenue
Grimsby
N. E. Lincolnshire
DN32 9AS

These financial statements were authorised for issue by the Board on 28 August 2025.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
These financial statements cover the individual entity, Boldarch Limited.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are presented in sterling and are rounded to the nearest pound.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the Company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The Company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the Company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Boldarch Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Furniture and Fittings | 20% straight line basis

Investment property

Investment properties for which fair value can be measured reliably without undue cost or effort are measured at fair value at each reporting date with changes in fair value recognised in profit and loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the Company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the Company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the Company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Boldarch Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

Dividends

Dividend distribution to the Company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the Company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3 | Staff numbers

The average number of persons employed by the Company (including Directors) during the year, was 3 (2024 - 3).

4 | Tangible assets

| Furniture, fittings and equipment £ | Total £
Cost or valuation
At 1 May 2024 | 24,524 | 24,524
At 30 April 2025 | 24,524 | 24,524
Depreciation
At 1 May 2024 | 24,524 | 24,524
At 30 April 2025 | 24,524 | 24,524
Carrying amount
At 30 April 2025 | - | -

5 | Investment properties

| 2025 £
At 1 May | 2,071,858
At 30 April | 2,071,858

Investment properties were subject to valuation by C G Macdonald (a director who is not a profesional qualified valuer). The basis of this valuation was a fair value basis in the context of the location and class of investment properties being revalued.

There has been no valuation of investment property by an independent valuer.

Boldarch Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

6 | Debtors

Current | Note | 2025 £ | 2024 £
Trade debtors |  | 3,828 | 1,319
Amounts owed by related parties | 9 | 300,020 | 700,020
Other debtors |  | 43,267 | 38,584
|  | 347,115 | 739,923

7 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings | 8 | 82,468 | 115,586
Taxation and social security |  | 63,632 | 56,729
Accruals and deferred income |  | 7,342 | 7,042
|  | 153,442 | 179,357

8 | Loans and borrowings

Current loans and borrowings

| 2025 £ | 2024 £
Other borrowings | 82,468 | 115,586

9 | Related party transactions

Transactions with Directors

2024 | At 1 May 2023 £ | Advances to Director £ | Repayments by Director £ | At 30 April 2024 £
C G Macdonald
Directors current account | (28,840) | (123,680) | 152,520 | -