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COMPANY REGISTRATION NUMBER: 09395550
Boultbee Finance (Shelf 1) Limited
Unaudited Financial Statements
31 December 2024
Boultbee Finance (Shelf 1) Limited
Financial Statements
Year ended 31st December 2024
Contents
Page
Directors' report
1
Statement of comprehensive income
2
Statement of financial position
3
Statement of changes in equity
4
Notes to the financial statements
5
Boultbee Finance (Shelf 1) Limited
Directors' Report
Year ended 31st December 2024
The directors present their report and the unaudited financial statements of the company for the year ended 31 December 2024 .
Principal activities
The principal activity of the company during the year was an intermediate parent company holding investments in entities engaged in real estate investment.
Directors
The directors who served the company during the year were as follows:
L. Roberts
C.E. Boultbee Brooks
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on 12 September 2025 and signed on behalf of the board by:
L. Roberts
Director
Registered office:
Formal House
60 St Georges Place
Cheltenham
GL50 3PN
Boultbee Finance (Shelf 1) Limited
Statement of Comprehensive Income
Year ended 31st December 2024
2024
2023
Note
£
£
Other operating expenses
34
45
----
----
Operating loss
( 34)
( 45)
Income from shares in group undertakings
–
33
----
----
Loss before taxation
( 34)
( 12)
Tax on loss
–
–
----
----
Loss for the financial year and total comprehensive income
( 34)
( 12)
----
----
All the activities of the company are from continuing operations.
Boultbee Finance (Shelf 1) Limited
Statement of Financial Position
31 December 2024
2024
2023
Note
£
£
Fixed assets
Investments
4
1
1
Current assets
Debtors
5
2,376,357
2,376,357
Cash at bank and in hand
38,584
38,770
------------
------------
2,414,941
2,415,127
Creditors: amounts falling due within one year
6
42,000
42,152
------------
------------
Net current assets
2,372,941
2,372,975
------------
------------
Total assets less current liabilities
2,372,942
2,372,976
------------
------------
Capital and reserves
Called up share capital
100
100
Profit and loss account
2,372,842
2,372,876
------------
------------
Shareholders funds
2,372,942
2,372,976
------------
------------
These financial statements have been prepared 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'.
For the year ending 31st December 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 .
These financial statements were approved by the board of directors and authorised for issue on 12 September 2025 , and are signed on behalf of the board by:
L. Roberts
Director
Company registration number: 09395550
Boultbee Finance (Shelf 1) Limited
Statement of Changes in Equity
Year ended 31st December 2024
Called up share capital
Profit and loss account
Total
£
£
£
At 1st January 2023
100
2,372,888
2,372,988
Loss for the year
( 12)
( 12)
----
------------
------------
Total comprehensive income for the year
–
( 12)
( 12)
At 31st December 2023
100
2,372,876
2,372,976
Loss for the year
( 34)
( 34)
----
------------
------------
Total comprehensive income for the year
–
( 34)
( 34)
----
------------
------------
At 31st December 2024
100
2,372,842
2,372,942
----
------------
------------
Boultbee Finance (Shelf 1) Limited
Notes to the Financial Statements
Year ended 31st December 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 Formal House, 60 St Georges Place, Cheltenham, GL50 3PN.
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.
Investments
Investments are measured at fair value with changes in fair value being recognised in profit or loss.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.
4. Investments
Shares in group undertakings
£
Cost
At 1st January 2024 and 31st December 2024
1
----
Impairment
At 1st January 2024 and 31st December 2024
–
----
Carrying amount
At 31st December 2024
1
----
At 31st December 2023
1
----
5. Debtors
2024
2023
£
£
Amounts owed by group undertakings and undertakings in which the company has a participating interest
2,376,357
2,376,357
------------
------------
6. Creditors: amounts falling due within one year
2024
2023
£
£
Other creditors
42,000
42,152
--------
--------
7. Financial instruments
Financial assets and liabilities are accounted for on an amortised cost basis. Amounts due from group undertakings are repayable on demand.
8. Controlling party
The intermediate parent company was Boultbee Finance Limited and the ultimate parent company was Boultbee Finance Holdings Limited. Their address is; Formal House, 60 St Georges House, Cheltenham, GL50 3PN.