Bollingwood Limited

Contents

Balance Sheet	1 to 2
Notes to the Unaudited Financial Statements	3 to 9

Bollingwood Limited

Balance Sheet

31 March 2025

	Note	2025 £	2024 £
Fixed assets
Intangible assets	4	4,154	8,955
Tangible assets	5	1,804	2,406
Investment property	6	5,190,410	5,187,558
		5,196,368	5,198,919
Current assets
Debtors	7	183,348	55,359
Cash at bank and in hand		6,226	3,226
		189,574	58,585
Creditors: Amounts falling due within one year	8	(123,944)	(119,934)
Net current assets/(liabilities)		65,630	(61,349)
Total assets less current liabilities		5,261,998	5,137,570
Creditors: Amounts falling due after more than one year	8	(1,137,500)	(1,187,500)
Provisions for liabilities		(30,601)	(30,043)
Net assets		4,093,897	3,920,027
Capital and reserves
Called up share capital		1	1
Profit and loss account		4,093,896	3,920,026
Shareholders' funds		4,093,897	3,920,027

Bollingwood Limited

Balance Sheet

31 March 2025

For the financial year ending 31 March 2025 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 accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 3 December 2025 and signed on its behalf by:
 

......................................... S J Wells Director

Company Registration Number: 05080509

Bollingwood Limited

Notes to the Unaudited Financial Statements

Year Ended 31 March 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Towngate House
2-8 Parkstone Road
Poole
Dorset
BH15 2PW

The principal place of business is:
25a St Clements Road
Bournemouth
Dorset
BH1 4DU

These financial statements were authorised for issue by the Board on 3 December 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are presented in Sterling (£).
 

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the renting of properties in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts within the company.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Bollingwood Limited

Notes to the Unaudited Financial Statements

Year Ended 31 March 2025

Tax

Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised on all timing differences at the balance sheet date unless indicated below. Timing differences are differences between taxable profits and the results as stated in the profit and loss account and other comprehensive income. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and machinery	25% reducing balance basis
Office equipment	25% reducing balance basis

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by the directors. Market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset have been used. Changes in fair value are recognised in profit or loss.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Registration numbers	10% straight line basis

Bollingwood Limited

Notes to the Unaudited Financial Statements

Year Ended 31 March 2025

Financial instruments

Classification
The company holds the following financial instruments:

• Short term other debtors and trade and other creditors;
• Bank loans; and
• Cash and bank balances.

All financial instruments are classified as basic.

 Recognition and measurement
The company has chosen to apply the recognition and measurement principles in FRS102.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.

Except for bank loans, such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.

Bank loans are initially measured at transaction price, including transaction costs.


 

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

Bollingwood Limited

Notes to the Unaudited Financial Statements

Year Ended 31 March 2025

4	Intangible assets

	Registration numbers  £	Total £
Cost or valuation
At 1 April 2024	48,005	48,005
At 31 March 2025	48,005	48,005
Amortisation
At 1 April 2024	39,050	39,050
Amortisation charge	4,801	4,801
At 31 March 2025	43,851	43,851
Carrying amount
At 31 March 2025	4,154	4,154
At 31 March 2024	8,955	8,955

5	Tangible assets

	Furniture, fittings and equipment  £	Plant and machinery £	Total £
Cost or valuation
At 1 April 2024	31,859	101,645	133,504
At 31 March 2025	31,859	101,645	133,504
Depreciation
At 1 April 2024	31,371	99,727	131,098
Charge for the year	122	480	602
At 31 March 2025	31,493	100,207	131,700
Carrying amount
At 31 March 2025	366	1,438	1,804
At 31 March 2024	488	1,918	2,406

Bollingwood Limited

Notes to the Unaudited Financial Statements

Year Ended 31 March 2025

6	Investment properties

	2025 £
At 1 April 2024	5,187,558
Fair value adjustments	2,852
At 31 March 2025	5,190,410

The directors have valued the properties at 31 March 2025 based on valuations from February 2024 provided by Savills (UK) Limited which is an RICS regulated firm.

7

Debtors

	2025 £	2024 £
Prepayments	1,500	1,291
Other debtors	181,848	54,068
	183,348	55,359

8

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	9	50,000	50,000
Trade creditors		2,852	1,236
Taxation and social security		60,792	59,788
Accruals and deferred income		5,300	3,910
Other creditors		5,000	5,000
		123,944	119,934

Bollingwood Limited

Notes to the Unaudited Financial Statements

Year Ended 31 March 2025

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	9	1,137,500	1,187,500

9	Loans and borrowings

Creditors amounts falling due after more than one year includes the following liabilities, on which security has been given by the company:

Non-current loans and borrowings

	2025 £	2024 £
Bank borrowings	1,137,500	1,187,500

Creditors amounts falling due within one year includes the following liabilities, on which security has been given by the company:

Current loans and borrowings

	2025 £	2024 £
Bank borrowings	50,000	50,000

10

Reserves

4ncluded in the profit and loss reserve is £1,158,722 (2024 - £1,158,722) of revaluation gains on investment property.

Bollingwood Limited

Notes to the Unaudited Financial Statements

Year Ended 31 March 2025

11	Related party transactions

Summary of transactions with other related parties

Calendula Assets Ltd (Group)

S J Wells controls Calendula Assets Ltd group of companies.

The company charged rent of £285,000 (2024 - £285,000) to the group and in the previous year purchased a property from the group for its market value of £115,500,

At the balance sheet date, the amount due from the group was £181,671 (2024 - £53,617).