Boultbee Brooks (67-75 Mosley Street) Limited Company accounts

COMPANY REGISTRATION NUMBER: 09627815

Boultbee Brooks (67-75 Mosley Street) Limited

Unaudited Financial Statements

31 December 2024

Boultbee Brooks (67-75 Mosley Street) Limited

Financial Statements

Year ended 31st December 2024

Contents	Page

Directors' report	1

Income statement	2

Statement of financial position	3

Statement of changes in equity	4

Notes to the financial statements	5

Boultbee Brooks (67-75 Mosley Street) 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 property development.

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 Brooks (67-75 Mosley Street) Limited

Income Statement

Year ended 31st December 2024

	2024	2023
Note	£	£
Turnover	–	22,240,196

Cost of sales	( 8)	22,440,906
	----	-------------
Gross profit/(loss)	8	( 200,710)

Administrative expenses	118	253
Other operating income	–	347,133
	----	---------
Operating (loss)/profit	( 110)	146,170

Other interest receivable and similar income		13,439	16,462
Interest payable and similar expenses	4	( 12,624,190)	86,480
		-------------	---------
Profit before taxation		12,637,519	76,152

Tax on profit	–	–
	-------------	--------
Profit for the financial year	12,637,519	76,152
	-------------	--------

All the activities of the company are from continuing operations.

The company has no other recognised items of income and expenses other than the results for the year as set out above.

Boultbee Brooks (67-75 Mosley Street) Limited

Statement of Financial Position

31 December 2024

	2024	2023
Note	£	£

Current assets

Debtors	6	–	28,263
Cash at bank and in hand		442,049	1,030,322
		---------	------------
		442,049	1,058,585

Creditors: amounts falling due within one year	7	442,278	13,696,333
		---------	-------------
Net current liabilities		229	12,637,748
		----	-------------
Total assets less current liabilities		( 229)	( 12,637,748)
		----	-------------
Net liabilities		( 229)	( 12,637,748)
		----	-------------

Capital and reserves

Called up share capital	100	100
Profit and loss account	( 329)	( 12,637,848)
	----	-------------
Shareholders deficit	( 229)	( 12,637,748)
	----	-------------

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: 09627815

Boultbee Brooks (67-75 Mosley Street) 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	( 12,714,000)	( 12,713,900)

Profit for the year		76,152	76,152
	----	-------------	-------------
Total comprehensive income for the year	–	76,152	76,152

At 31st December 2023	100	( 12,637,848)	( 12,637,748)

Profit for the year		12,637,519	12,637,519
	----	-------------	-------------
Total comprehensive income for the year	–	12,637,519	12,637,519

	----	-------------	-------------
At 31st December 2024	100	( 329)	( 229)
	----	-------------	-------------

Boultbee Brooks (67-75 Mosley Street) 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.

Going concern

The company has disposed of its development property and the directors are evaluating new development opportunities. While this process is ongoing it has the continuing support of its creditors.

Revenue recognition

Turnover represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

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. Interest payable and similar expenses

	2024	2023
	£	£
Interest on banks loans and overdrafts	–	86,480
Other interest payable and similar charges	( 12,624,190)	–
	-------------	--------
	( 12,624,190)	86,480
	-------------	--------

5. Loans released

Other interest payable and similar charges represents loans released during the period.

6. Debtors

	2024	2023
	£	£
Trade debtors	–	13
Other debtors	–	28,250
	----	--------
	–	28,263
	----	--------

7. Creditors: amounts falling due within one year

	2024	2023
	£	£
Other loans	–	13,272,830
Trade creditors	–	169,500
Social security and other taxes	1	–
Other creditors	442,277	254,003
	---------	-------------
	442,278	13,696,333
	---------	-------------

Other loans are secured by a charge over assets. Included within other loans is £442,049 (2023:£13,272,830) the repayment of which is contingent upon the results of the company's property development. In the event of a disposal at a loss; under the terms of a contractual agreement; the creditors may release the company from its obligations to repay the balance outstanding in respect of such loans to the extent of the loss. The company has accounted for 100% of the development and has a 25% economic interest. 75% is in connection with a loan creditor that is not related to the company or the group of which it is a member.

8. Contingencies

The company has received a claim from a tenant of the development property that it previously owned for breach of a lease. The claim is for £261,473. The directors are of the opinion that the claim is not valid and will take all necessary action the defend the company against it. No provision has been made in the accounts.

9. Controlling party

The intermediate parent undertaking is Boultbee Developments Limited and the ultimate parent undertaking is Boultbee Developments Holdings Limited. Their address is; Formal House, 60 St Georges Place, Cheltenham, GL50 3PN.