Boultbee Brooks (Castle Park) Limited Company accounts

COMPANY REGISTRATION NUMBER: 13497118

Boultbee Brooks (Castle Park) Limited

Unaudited Financial Statements

31 December 2024

Boultbee Brooks (Castle Park) Limited

Financial Statements

Year ended 31 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 Brooks (Castle Park) Limited

Directors' Report

Year ended 31 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 period 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 2 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 (Castle Park) Limited

Statement of Comprehensive Income

Year ended 31 December 2024

	2024	2023
Note	£	£
Cost of sales	599,405	369,698
	---------	---------
Gross loss	( 599,405)	( 369,698)

Administrative expenses	21,684	4,104
Other operating income	913,781	699,694
	---------	---------
Operating profit	292,692	325,892

Other interest receivable and similar income	14,030	10,701
Interest payable and similar expenses	643,175	610,857
	---------	---------
Loss before taxation	( 336,453)	( 274,264)

Tax on loss	–	( 37,551)
	---------	---------
Loss for the financial year and total comprehensive income	( 336,453)	( 236,713)
	---------	---------

All the activities of the company are from continuing operations.

Boultbee Brooks (Castle Park) Limited

Statement of Financial Position

31 December 2024

	2024	2023
Note	£	£

Current assets

Stocks		34,642,225	31,651,329
Debtors	4	946,527	815,325
Cash at bank and in hand		521,533	1,182,134
		-------------	-------------
		36,110,285	33,648,788

Creditors: amounts falling due within one year	5	36,516,235	33,718,285
		-------------	-------------
Net current liabilities		405,950	69,497
		---------	--------
Total assets less current liabilities		( 405,950)	( 69,497)
		---------	--------
Net liabilities		( 405,950)	( 69,497)
		---------	--------

Capital and reserves

Called up share capital	100	100
Profit and loss account	( 406,050)	( 69,597)
	---------	--------
Shareholders deficit	( 405,950)	( 69,497)
	---------	--------

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 31 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 2 September 2025 , and are signed on behalf of the board by:

L. Roberts

Director

Company registration number: 13497118

Boultbee Brooks (Castle Park) Limited

Statement of Changes in Equity

Year ended 31 December 2024

	Called up share capital	Profit and loss account	Total
	£	£	£
At 1 January 2023	100	167,116	167,216

Loss for the year		( 236,713)	( 236,713)
	----	---------	---------
Total comprehensive income for the year	–	( 236,713)	( 236,713)

At 31 December 2023	100	( 69,597)	( 69,497)

Loss for the year		( 336,453)	( 336,453)
	----	---------	---------
Total comprehensive income for the year	–	( 336,453)	( 336,453)

	----	---------	---------
At 31 December 2024	100	( 406,050)	( 405,950)
	----	---------	---------

Boultbee Brooks (Castle Park) Limited

Notes to the Financial Statements

Year ended 31 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 net liabilities of £405,950. It has support of its creditors for the foreseeable future and the directors consider it to be a going concern.

Income tax

The taxation expense represents the aggregate amount of current tax. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Operating leases

Lease income is recognised in profit or loss on a straight line basis over the lease term. The aggregate cost of lease incentives are recognised as a reduction to income over the lease term on a straight-line basis. Costs, including depreciation, incurred in earning the lease income are recognised as an expense. Any initial direct costs incurred in negotiating and arranging the operating lease are added to the carrying amount of the lease and recognised as an expense over the lease term on the same basis as the lease income.

Stock and work in progress

Stock and working in progress is measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing it to its present location and condition.

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. Debtors

	2024	2023
	£	£
Trade debtors	243,982	384,223
Other debtors	702,545	431,102
	---------	---------
	946,527	815,325
	---------	---------

5. Creditors: amounts falling due within one year

	2024	2023
	£	£
Bank loans and overdrafts	7,952,000	7,945,915
Trade creditors	533,705	1,303,833
Amounts owed to group undertakings and undertakings in which the company has a participating interest	27,292,402	24,129,402
Corporation tax	–	1,649
Social security and other taxes	430	–
Other creditors	737,698	337,486
	-------------	-------------
	36,516,235	33,718,285
	-------------	-------------

6. Charges on assets

Stock and other assets are secured against the bank loan.

7. Controlling party

The parent company was Boultbee Developments Limited and the ultimate parent was Boultbee Developments Holdings Limited. Both are registered at Formal House, 60 St Georges Place, Cheltenham, GL50 3PN.