Boultbee Ldn (Tabernacle Street) Limited

	Page
Abridged Balance Sheet	1—2
Notes to the Abridged Financial Statements	3—4

Registered number: 09125706

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		39,915		-
Investment Properties	5		11,442,000		11,442,000

			11,481,915		11,442,000
CURRENT ASSETS
Debtors		15,257		83,846
Cash at bank and in hand		460,181		121,672

		475,438		205,518
Creditors: Amounts Falling Due Within One Year		(302,721 )		(287,142 )

NET CURRENT ASSETS (LIABILITIES)			172,717		(81,624 )

TOTAL ASSETS LESS CURRENT LIABILITIES			11,654,632		11,360,376

Creditors: Amounts Falling Due After More Than One Year			(21,270,441 )		(20,408,943 )

NET LIABILITIES			(9,615,809 )		(9,048,567 )

CAPITAL AND RESERVES
Called up share capital	7		2		2
Profit and Loss Account			(9,615,811 )		(9,048,569 )

SHAREHOLDERS' FUNDS			(9,615,809)		(9,048,567)

Page 1

Page 2

Boultbee Ldn (Tabernacle Street) Limited

Abridged Balance Sheet (continued)

As At 31 July 2025

For the year ending 31 July 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 July 2025 in accordance with section 444(2A) of the Companies Act 2006.

On behalf of the board

Mr Simon Hosking

Director

27 July 2026

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Boultbee Ldn (Tabernacle Street) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09125706 . The registered office is 117 George Street, London, W1H 7HF.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

The company made a loss for the and the balance sheet at the year end date shows an insolvent positions. However, the directors have arranged adequate funding to finance the company's continuing activities and to enable it to pay its debts as and when they fall due for payment. Accordingly, they consider that the company is a going concern and thus the financial statements have been prepared on this basis.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from rental income.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fixtures & Fittings

20% reducing balance

2.5. Investment Properties

All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.

2.6. Financial Instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from bank and other third parties, loans to related parties and investments in non-puttable ordinary shares.

2.7. Borrowings

General and specific costs directly attributable to the acquisition and construction of properties are added to the cost of those properties until such time as the properties are ready for their intended use or sale.

When and if properties are fully let all interest paid is expenses as incured.

3. Average Number of Employees

Average number of employees, including directors, during the year was: NIL (2024: NIL)

Page 3

Page 4

Boultbee Ldn (Tabernacle Street) Limited

Notes to the Abridged Financial Statements (continued)

For The Year Ended 31 July 2025

4. Tangible Assets

	Total
	£
Cost
As at 1 August 2024	-
Additions	49,893

As at 31 July 2025	49,893

Depreciation
As at 1 August 2024	-
Provided during the period	9,978

As at 31 July 2025	9,978

Net Book Value
As at 31 July 2025	39,915

As at 1 August 2024	-

5. Investment Property

	2025
	£
Fair Value
As at 1 August 2024 and 31 July 2025	11,442,000

6. Secured Creditors

Included within creditors falling due less than one year is the loan from United Trust Bank limited which is denominated in pound sterling.

The loan is secured by a fixed and floating charge over the assets of the company. It is also secured by a negative pledge.

	2025		2024
	£		£
Bank loans and overdrafts	11,119,146		11,054,250

7. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	2	2

8. Related Party Transactions

Summary of transactions with other related parties

Included in the creditors falling due in more than one year are loans totalling £ 4,280,832 (2024: £3,882,787) owed to SB Squared Holding Limited, which is a company under the common control of one of the directors.

Summary of transactions with joint ventures

Included in the creditors falling due in more than one year are loans totalling £5,870,465 (2024: £5,471,907) owed to MACJAC Properties Ltd. A company in which Michael Conlon is also a director.

Page 4