Bolingbroke Properties (London) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 05742171 (England and Wales)

BOLINGBROKE PROPERTIES (LONDON) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

to

5

DIRECTOR:

Miss E A Marsh

SECRETARY:

P A Linder

REGISTERED OFFICE:

36 Fircroft Road

Tooting Bec

London

SW17 7PS

REGISTERED NUMBER:

05742171 (England and Wales)

ACCOUNTANTS:

Duncan & Toplis Limited

Oxley House

Lincoln Way

Louth

Lincolnshire

LN11 0LS

BANKERS:

HSBC

26 Clumber Street

Nottingham

Nottinghamshire

NG1 3GA

FIXED ASSETS

Investment property

4

130,000

CURRENT ASSETS

Cash at bank

84

267

CREDITORS

Amounts falling due within one year

5

93,478

91,186

NET CURRENT LIABILITIES

(93,394

)

(90,919

)

TOTAL ASSETS LESS CURRENT LIABILITIES

36,606

39,081

CREDITORS

Amounts falling due after more than one year

6

25,713

29,710

NET ASSETS

10,893

9,371

CAPITAL AND RESERVES

Called up share capital

8

100

Retained earnings

10,793

9,271

SHAREHOLDERS' FUNDS

10,893

9,371

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved and authorised for issue by the director and authorised for issue on 10 December 2025 and were signed by:

Miss E A Marsh - Director

1.	STATUTORY INFORMATION

Bolingbroke Properties (London) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Revenue

Revenue represents amounts receivable in respect of rent.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

No depreciation is provided in respect of the investment property. This treatment is not in accordance with the Companies Act but the directors consider that this accounting policy results in the accounts showing a true and fair view. Depreciation is only one of many factors reflected in the annual valuation and the amount which might otherwise have been shown cannot be separately identified or quantified.

Financial instruments

The company has chosen to adopt the FRS 102A in respect of financial instruments.

Basic financial assets, including trade and other debtors and cash and bank balances are initially recognised at transaction price, unless the arrangement constitute a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

At the end of each reporting period, financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in the income statement.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Going concern

Despite net current liabilities of £93,394 (2024: £90,919) the accounts have been prepared on a going concern basis as included in liabilities payable within one year is a loan by the director of £87,937 (2024: £85,730) which the director will not request repayment of until the company is in a position to repay the loan without affecting it's ability to trade.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

130,000

NET BOOK VALUE

At 31 March 2025

130,000

At 31 March 2024

130,000

Fair value at 31 March 2025 is represented by:

£

Valuation in 2020

(39

)

Cost

130,039

130,000

If the investment property had not been revalued it would have been included at the following historical cost:

2025

2024

£

Cost

130,039

The investment property was valued on an open market basis on 31 March 2020 by the directors .

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Bank loans and overdrafts

3,766

3,491

Taxation and social security

473

406

Other creditors

89,239

87,289

93,478

91,186

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

Bank loans

25,713

29,710

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more than 5 years payable by
instalments

10,647

15,748

7.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

Bank loans

29,479

33,201

The loan is secured on the investment property.

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

100

Ordinary

1

100

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

2025

2024

£

Miss E A Marsh

Balance outstanding at start of year

(85,730

)

(84,230

)

Amounts advanced

-

500

Amounts repaid

(2,207

)

(2,000

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

(87,937

)

(85,730

)

No interest has been charged by the director on the loan to the company. Although the loan is repayable on demand, the director will not request repayment until the company can financially afford to, without affecting it's ability to trade.