Boultbee Brooks (Trimbridge House) Limited Company accounts

COMPANY REGISTRATION NUMBER: 11768692

Boultbee Brooks (Trimbridge House) Limited

Unaudited Financial Statements

31 December 2024

Boultbee Brooks (Trimbridge House) 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	5

Notes to the financial statements	6

Boultbee Brooks (Trimbridge House) 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 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 17 September 2025 and signed on behalf of the board by:

L. Roberts

Director

Registered office:

Formal House

60 St Georges House

Cheltenham

GL50 3PN

Boultbee Brooks (Trimbridge House) Limited

Statement of Comprehensive Income

Year ended 31 December 2024

	2024	2023
Note	£	£
Turnover	735,542	488,054

Fair value adjustment investment property	827,032	215,263
Other operating expenses	284,564	387,600
	---------	---------
Operating loss	( 376,054)	( 114,809)

Other interest receivable and similar income		14,157	11,595
Interest payable and similar expenses		336,946	316,275
		---------	---------
Loss before taxation	4	( 698,843)	( 419,489)

Tax on loss	–	–
	---------	---------
Loss for the financial year and total comprehensive income	( 698,843)	( 419,489)
	---------	---------

All the activities of the company are from continuing operations.

Boultbee Brooks (Trimbridge House) Limited

Statement of Financial Position

31 December 2024

	2024	2023
Note	£	£

Fixed assets

Tangible assets	5	8,006,022	8,758,030

Current assets

Debtors	6	294,916	301,190
Cash at bank and in hand		824,951	603,359
		------------	---------
		1,119,867	904,549

Creditors: amounts falling due within one year	7	11,700,073	7,257,784
		-------------	------------
Net current liabilities		10,580,206	6,353,235
		-------------	------------
Total assets less current liabilities		( 2,574,184)	2,404,795

Creditors: amounts falling due after more than one year	8	–	4,280,136
		------------	------------
Net liabilities		( 2,574,184)	( 1,875,341)
		------------	------------

Capital and reserves

Called up share capital	1	1
Profit and loss account	( 2,574,185)	( 1,875,342)
	------------	------------
Shareholders deficit	( 2,574,184)	( 1,875,341)
	------------	------------

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 .

Boultbee Brooks (Trimbridge House) Limited

Statement of Financial Position (continued)

31 December 2024

These financial statements were approved by the board of directors and authorised for issue on 17 September 2025 , and are signed on behalf of the board by:

L. Roberts

Director

Company registration number: 11768692

Boultbee Brooks (Trimbridge House) Limited

Statement of Changes in Equity

Year ended 31 December 2024

	Called up share capital	Profit and loss account	Total
	£	£	£
At 1 January 2023	1	( 1,455,853)	( 1,455,852)

Loss for the year		( 419,489)	( 419,489)
	----	------------	------------
Total comprehensive income for the year	–	( 419,489)	( 419,489)

At 31 December 2023	1	( 1,875,342)	( 1,875,341)

Loss for the year		( 698,843)	( 698,843)
	----	------------	------------
Total comprehensive income for the year	–	( 698,843)	( 698,843)

	----	------------	------------
At 31 December 2024	1	( 2,574,185)	( 2,574,184)
	----	------------	------------

Boultbee Brooks (Trimbridge House) 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 House, 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.

Going concern

The company has net liabilities of £2,574,184. It has the the continuing support of its creditors for the foreseeable future.

Revenue recognition

Turnover represents rental income and service charge income receivable stated net of Value Added Tax.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Fixtures and fittings	-	25% reducing balance

Investment property

Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are 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. Profit before taxation

Profit before taxation is stated after charging:

	2024	2023
	£	£
Depreciation of tangible assets	2,008	770
Fair value adjustments to investment property	825,024	214,493
	---------	---------

5. Tangible assets

	Freehold property	Fixtures and fittings	Total
	£	£	£
Cost or valuation
At 1 January 2024	8,750,000	8,800	8,758,800
Additions	75,024	–	75,024
Revaluations	( 825,024)	–	( 825,024)
	------------	-------	------------
At 31 December 2024	8,000,000	8,800	8,008,800
	------------	-------	------------
Depreciation
At 1 January 2024	–	770	770
Charge for the year	–	2,008	2,008
	------------	-------	------------
At 31 December 2024	–	2,778	2,778
	------------	-------	------------
Carrying amount
At 31 December 2024	8,000,000	6,022	8,006,022
	------------	-------	------------
At 31 December 2023	8,750,000	8,030	8,758,030
	------------	-------	------------

The valuation of the investment property at the period end was considered by the director C.E.Boultbee Brooks who is a member of The Royal Institute of Chartered Surveyors. It was considered that cost is a reflection of fair value.

Tangible assets held at valuation

In respect of tangible assets held at valuation, the aggregate cost, depreciation and comparable carrying amount that would have been recognised if the assets had been carried under the historical cost model are as follows:

	Freehold property
	£
At 31 December 2024
Aggregate cost	10,977,838
Aggregate depreciation	–
	-------------
Carrying value	10,977,838
	-------------

At 31 December 2023
Aggregate cost	10,902,814
Aggregate depreciation	–
	-------------
Carrying value	10,902,814
	-------------

6. Debtors

	2024	2023
	£	£
Trade debtors	99,830	158,468
Other debtors	195,086	142,722
	---------	---------
	294,916	301,190
	---------	---------

7. Creditors: amounts falling due within one year

	2024	2023
	£	£
Bank loans and overdrafts	4,280,136	25,763
Trade creditors	56,084	135,106
Amounts owed to group undertakings and undertakings in which the company has a participating interest	7,106,369	6,904,369
Social security and other taxes	59,443	17,234
Other creditors	198,041	175,312
	-------------	------------
	11,700,073	7,257,784
	-------------	------------

8. Creditors: amounts falling due after more than one year

	2024	2023
	£	£
Bank loans and overdrafts	–	4,280,136
	----	------------

9. Charges on assets

The bank loan is secured by a charge over Freehold investment property and other assets.

10. Controlling party

The parent company is Boultbee Estates (NO.1) Limited whose registered address is; Formal House,60 St Georges Hose,Cheltenham, GL50 3PN.