Company No: 11580069 (England and Wales)

Contents

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

DIRECTOR

A D Bolland

REGISTERED OFFICE	C/O S&W Partners (Manchester) Limited
	Pall Mall
	1 Pollen Square
	59 King Street
	Manchester
	M2 4PD
	United Kingdom

COMPANY NUMBER

11580069 (England and Wales)

ACCOUNTANT	S&W Partners (Manchester) Limited
	3rd Floor Northern Assurance
	Albert Square
	9/21 Princess Street
	Manchester
	M2 4DN

	Note	2025		2024
		£		£
				Restated - note 2
Fixed assets
Investments	5	13,514,904		13,262,495
		13,514,904		13,262,495
Current assets
Debtors	6	270,800		278,771
Cash at bank and in hand	7	41,731		18,593
		312,531		297,364
Creditors: amounts falling due within one year	8	( 7,465,975)		( 7,465,834)
Net current liabilities		(7,153,444)		(7,168,470)
Total assets less current liabilities		6,361,460		6,094,025
Net assets		6,361,460		6,094,025
Capital and reserves
Called-up share capital	10	5,000,500		5,000,500
Revaluation reserve		1,151,122		1,037,267
Profit and loss account		209,838		56,258
Total shareholders' funds		6,361,460		6,094,025

For the financial year ending 30 September 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges 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 Bolland Investments Limited (registered number: 11580069) were approved and authorised for issue by the Director on 18 May 2026. They were signed on its behalf by:

A D Bolland 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

Bolland Investments 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 C/O S&W Partners (Manchester) Limited, Pall Mall, 1 Pollen Square, 59 King Street, Manchester, M2 4PD, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’ issued by the Financial Reporting Council, including Section 1A of Financial Reporting Standard 102 (FRS102), and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The functional currency of Bolland Investments Limited is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.

These financial statements are separate financial statements.

Prior year adjustment

Prior year adjustments have been made to correct material errors. The organisation applies prior year adjustments in accordance with FRS 1021a, ensuring that the financial statements present reliable and comparable information.

Turnover

Turnover represents dividends receivable and the profit/loss on disposal of investments.

Taxation

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 enacted or substantively enacted 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. Deferred tax assets are recognised only to the extent that it is probable that future taxable profit will be available against which the temporary differences can be utilised.

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.

2. Prior year adjustment

In the year to 30 September 2024, there was an omission of deferred tax. The directors considered this a fundamental item and therefore it has been adjusted as a prior year adjustment.

		As previously reported		Adjustment		As restated
Year ended 30 September 2024		£		£		£
Taxation		0		228,619		228,619
Profit after tax		1,136,575		(228,619)		907,956
Creditors: amounts falling due within one year		7,008,737		228,619		7,237,356
Revaluation reserve		1,265,885		(228,619)		1,037,266

3. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	1		1

4. Dividends on equity shares

	2025		2024
	£		£
Amounts recognised as distributions to equity holders in the financial year:
Final dividend for the financial year ended 30 September 2025 of £565.00 (2024: £Nil) per ordinary share	56,500		0

5. Fixed asset investments

	Listed investments		Total
	£		£
Cost or valuation before impairment
At 01 October 2024	13,262,495		13,262,495
Additions	1,981,083		1,981,083
Disposals	( 1,890,876)		( 1,890,876)
Change in fair value	159,771		159,771
Reclassification	2,431		2,431
At 30 September 2025	13,514,904		13,514,904
Carrying value at 30 September 2025	13,514,904		13,514,904
Carrying value at 30 September 2024	13,262,495		13,262,495

6. Debtors

	2025		2024
	£		£
Other debtors	270,800		278,771

7. Cash and cash equivalents

	2025		2024
	£		£
Cash at bank and in hand	41,731		18,593

8. Creditors: amounts falling due within one year

	2025		2024
	£		£
Other creditors	7,465,975		7,465,834

9. Deferred tax

	2025		2024
	£		£
At the beginning of financial year	( 228,619)		0
Charged to the Profit and Loss Account	( 45,916)		( 228,619)
At the end of financial year	( 274,535)		( 228,619)

10. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
50 A ordinary shares of £ 1.00 each	50		50
50 B ordinary shares of £ 1.00 each	50		50
100 C ordinary shares of £ 1.00 each	100		100
100 D ordinary shares of £ 1.00 each	100		100
100 E ordinary shares of £ 1.00 each	100		100
100 F ordinary shares of £ 1.00 each	100		100
	500		500
5,000,000 Preference shares of £ 1.00 each	5,000,000		5,000,000
	5,000,500		5,000,500