Boston West (Holdings) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08206639 (England and Wales)

BOSTON WEST (HOLDINGS) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2022

Page

Company Information

1

Statement of Financial Position

2

to

3

Notes to the Financial Statements

4

to

7

DIRECTORS:

M R Grant

Mrs D Grant

REGISTERED OFFICE:

5 Resolution Close

Endeavour Park

Boston

Lincolnshire

PE21 7TT

REGISTERED NUMBER:

08206639 (England and Wales)

ACCOUNTANTS:

Duncan & Toplis Limited

5 Resolution Close

Endeavour Park

Boston

Lincolnshire

PE21 7TT

FIXED ASSETS

Tangible assets

4

-

165,000

Investments

5

246,631

351,349

Investment property

6

465,415

300,415

712,046

816,764

CURRENT ASSETS

Debtors

7

6,115

7,401

Cash at bank

21,385

590,411

27,500

597,812

CREDITORS

Amounts falling due within one year

8

765,742

1,470,823

NET CURRENT LIABILITIES

(738,242

)

(873,011

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(26,196

)

(56,247

)

CAPITAL AND RESERVES

Called up share capital

9

19

19

Capital redemption reserve

10

1

1

Fair value reserve

10

14,880

78,616

Retained earnings

10

(41,096

)

(134,883

)

SHAREHOLDERS' FUNDS

(26,196

)

(56,247

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 June 2022 and were signed on its behalf by:

M R Grant - Director

1.	STATUTORY INFORMATION

Boston West (Holdings) 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 (£).

The principal place of business is Lodge Farm, Careby Road, Holywell, Stamford, Lincolnshire, PE9 4DU.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

not provided

Tangible fixed assets are measured at cost less accumulated depreciation.

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.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Investments

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

Going concern

At the statement of financial position date the company had net liabilities of £26,196 and is dependent on the support of the directors. The directors have indicated a clear awareness of this and consider that the accounts should be prepared on a going concern basis.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Land and

buildings

£

COST

At 6 April 2021

165,000

Reclassification/transfer

(165,000

)

At 5 April 2022

-

NET BOOK VALUE

At 5 April 2022

-

At 5 April 2021

165,000

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 6 April 2021

351,349

Additions

185,659

Disposals

(229,671

)

Revaluations

(60,706

)

At 5 April 2022

246,631

NET BOOK VALUE

At 5 April 2022

246,631

At 5 April 2021

351,349

Cost or valuation at 5 April 2022 is represented by:

Other

investments

£

Valuation in 2022

246,631

If fixed asset investments had not been revalued they would have been included at the following historical cost:

2022

2021

£

£

Cost

220,885

258,842

Fixed asset investments were valued on an open market basis on 5 April 2022 by the investment managers .

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 6 April 2021

300,415

Reclassification/transfer

165,000

At 5 April 2022

465,415

NET BOOK VALUE

At 5 April 2022

465,415

At 5 April 2021

300,415

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade debtors

3,602

442

Other debtors

2,513

6,959

6,115

7,401

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade creditors

1,484

6,989

Taxation and social security

-

149

Other creditors

764,258

1,463,685

765,742

1,470,823

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2022

2021

value:

£

£

625

Ordinary A

£0.01

6

6

1,250

Ordinary B

£0.01

13

13

19

19

10.

RESERVES

Capital

Fair

Retained

redemption

value

earnings

reserve

reserve

Totals

£

£

£

£

At 6 April 2021

(134,883

)

1

78,616

(56,266

)

Profit for the year

27,026

-

-

27,026

Transfer

66,761

-

(63,736

)

3,025

At 5 April 2022

(41,096

)

1

14,880

(26,215

)