Company No: 00877920 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTORS	W H M Parente
	D M A Parente
	H J Parente
	M P Swan

SECRETARY

I Goodwin

REGISTERED OFFICE	Portland Estate Office Cavendish House
	Welbeck
	Worksop
	S80 3LL
	United Kingdom

COMPANY NUMBER

00877920 (England and Wales)

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	4	11,618,000		11,618,000
Investments	5	6,007,078		5,542,627
		17,625,078		17,160,627
Current assets
Stocks		1,794,013		4,515,400
Debtors	6	5,758,292		6,715,615
Cash at bank and in hand		4,097,338		0
		11,649,643		11,231,015
Creditors: amounts falling due within one year	7	( 1,461,027)		( 2,442,175)
Net current assets		10,188,616		8,788,840
Total assets less current liabilities		27,813,694		25,949,467
Provision for liabilities		( 2,065,293)		( 1,953,516)
Net assets		25,748,401		23,995,951
Capital and reserves
Called-up share capital		10,000		10,000
Other reserves		1,517,144		1,517,144
Profit and loss account		24,221,257		22,468,807
Total shareholders' funds		25,748,401		23,995,951

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 financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Bolsover Properties Limited (registered number: 00877920) were approved and authorised for issue by the Board of Directors on 19 November 2025. They were signed on its behalf by:

H J Parente Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Bolsover Properties Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the company's registered office is Portland Estate Office Cavendish House, Welbeck, Worksop, S80 3LL, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised when the significant risks and rewards of ownership of the development stock have been transferred to the buyer, which is usually on legal completion of the sale. Turnover is the proceeds from the sale, net of value added tax.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

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 fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment.

Land and buildings

not depreciated

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Stocks

Property held for development and subsequent sale is classified as stock. This includes land, work in progress, and completed properties intended for sale in the ordinary course of business. Property development stock is initially recognised at cost, which includes the purchase price of land, professional fees and direct construction costs incurred in bringing the property to its current condition. Property development stock is subsequently measured at the lower of cost and estimated selling price less costs to complete and sell.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Provisions

Provisions are recognised when the company has a present obligation (legal or constructive) as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2.Transition to FRS102

For the year ended 31 March 2025, the company has transitioned its financial reporting framework from FRS 105: The Financial Reporting Standard applicable to the Micro-entities Regime to FRS 102 Section 1A: The Financial Reporting Standard applicable to the Small Entities Regime.

The adoption of FRS 102 Section 1A has resulted in new accounting policies, the inclusion of additional disclosures and led to the restated the comparative year amounts.

Reconciliation of equity

		01.04.2023		31.03.2024
		£		£
Capital and reserves (as previously stated)		15,182,613		15,858,357
Unrealised gains on investments properties		7,379,922		7,368,499
Unrealised gains on listed investments		2,725,469		2,722,611
Deferred tax liability		(1,957,085)		(1,953,516)
Capital and reserves (as restated)		23,330,919		23,995,951

Reconciliation of profit or loss

				31.03.2024
				£
Profit for the year (as previously stated)				675,741
Unrealised losses on investments properties				(11,423)
Unrealised losses on listed investments				(2,857)
Deferred tax credit				3,570
Profit for the year (as restated)				665,031

3. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the company during the year	0		0

4. Tangible assets

	Land and buildings		Total
	£		£
Cost/Valuation
At 01 April 2024	11,618,000		11,618,000
Additions	17,339		17,339
Revaluation	( 17,339)		( 17,339)
At 31 March 2025	11,618,000		11,618,000
Accumulated depreciation
At 01 April 2024	0		0
At 31 March 2025	0		0
Net book value
At 31 March 2025	11,618,000		11,618,000
At 31 March 2024	11,618,000		11,618,000

5. Fixed asset investments

	Other investments		Total
	£		£
Cost or valuation before impairment
At 01 April 2024	5,542,627		5,542,627
Movement in fair value	464,451		464,451
At 31 March 2025	6,007,078		6,007,078
Carrying value at 31 March 2025	6,007,078		6,007,078
Carrying value at 31 March 2024	5,542,627		5,542,627

6. Debtors

	2025		2024
	£		£
Trade debtors	77,420		2,548,146
Other debtors	5,680,872		4,167,469
	5,758,292		6,715,615

7. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank overdrafts	0		750,729
Other taxation and social security	736,902		397,093
Other creditors	724,125		1,294,353
	1,461,027		2,442,175

8. Related party transactions

Transactions with owners holding a participating interest in the entity

	2025		2024
	£		£
Amounts owed from the Welbeck Estates Company Limited	4,850,000		3,850,000

During the year management expenses from Welbeck Estates Company Limited of £126,643 (2024: £180,887) were paid. Interest amounting to £304,872 (2024: £168,358) was received in the year at 2.25% above the Bank of England base rate from Welbeck Estates Company Limited.