Boultbee Finance Limited Company accounts

COMPANY REGISTRATION NUMBER: 13055354

Boultbee Finance Limited

Unaudited Financial Statements

31 December 2024

Boultbee Finance 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 Finance 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 lending.

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 24 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 Limited

Statement of Comprehensive Income

Year ended 31 December 2024

	2024	2023
Note	£	£
Turnover	27,321	5,721

	--------	-------
Gross profit	27,321	5,721

Administrative expenses	5,444,386	5,006,000
	------------	------------
Operating loss	( 5,417,065)	( 5,000,279)

Other interest receivable and similar income	1,208	–
Interest payable and similar expenses	–	4,962
	------------	------------
Loss before taxation	( 5,415,857)	( 5,005,241)

Tax on loss	632	–
	------------	------------
Loss for the financial year and total comprehensive income	( 5,416,489)	( 5,005,241)
	------------	------------

All the activities of the company are from continuing operations.

Boultbee Finance Limited

Statement of Financial Position

31 December 2024

	2024	2023
Note	£	£

Fixed assets

Investments	4	2,368,857	2,368,857

Current assets

Debtors	5	44,448,536	49,839,388

Creditors: amounts falling due within one year	6	2,495,135	2,469,498
		-------------	-------------
Net current assets		41,953,401	47,369,890
		-------------	-------------
Total assets less current liabilities		44,322,258	49,738,747
		-------------	-------------
Net assets		44,322,258	49,738,747
		-------------	-------------

Capital and reserves

Called up share capital	7	100	100
Profit and loss account		44,322,158	49,738,647
		-------------	-------------
Shareholders funds		44,322,258	49,738,747
		-------------	-------------

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

L. Roberts

Director

Company registration number: 13055354

Boultbee Finance 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	54,743,888	54,743,988

Loss for the year		( 5,005,241)	( 5,005,241)
	----	-------------	-------------
Total comprehensive income for the year	–	( 5,005,241)	( 5,005,241)

At 31 December 2023	100	49,738,647	49,738,747

Loss for the year		( 5,416,489)	( 5,416,489)
	----	-------------	-------------
Total comprehensive income for the year	–	( 5,416,489)	( 5,416,489)

	----	-------------	-------------
At 31 December 2024	100	44,322,158	44,322,258
	----	-------------	-------------

Boultbee Finance 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. The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover represents interest receivable in respect of lending business.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. 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.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

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 1 January 2024 and 31 December 2024	2,368,857
	------------
Impairment
At 1 January 2024 and 31 December 2024	–
	------------

Carrying amount
At 31 December 2024	2,368,857
	------------
At 31 December 2023	2,368,857
	------------

5. Debtors

	2024	2023
	£	£
Trade debtors	44,433,814	49,839,388
Other debtors	14,722	–
	-------------	-------------
	44,448,536	49,839,388
	-------------	-------------

The debtors above include the following amounts falling due after more than one year:

	2024	2023
	£	£
Trade debtors	43,795,393	49,679,779
	-------------	-------------

6. Creditors: amounts falling due within one year

	2024	2023
	£	£
Amounts owed to group undertakings and undertakings in which the company has a participating interest	2,376,357	2,440,721
Corporation tax	5,200	5,777
Other creditors	113,578	23,000
	------------	------------
	2,495,135	2,469,498
	------------	------------

7. Called up share capital

Issued, called up and fully paid

	2024		2023
	No.	£	No.	£
Ordinary shares of £ 1 each	100	100	100	100
	----	----	----	----

8. Related party transactions

Included within debtors are the following amounts:£25,670,286 (2023:£25,670,286) owed by Boultbee Estates Limited, £28,543,493 (2023:£23,717,493) owed by Boultbee Estates (NO.1) Limited and £135,166 (2023:£135,166) owed by Boultbee Developments (NO.1) Limited. Interest was charged at 0% per annum. A total provision of £10,418,386 has been made for the non recoverability of the debt due from Boultbee Estates (NO.1) Limited. Included within other creditors is £64,364 owed to Boultbee Brooks (Orsman) Limited. The director C.E. Boultbee Brooks is interested in the companies referred to above.

9. Controlling party

The parent company is Boultbee Finance Holdings Limited whose registered address is; Formal House, 60 St Georges Place, Cheltenham, GL50 3PN.