Boston West (Holdings) Limited - Accounts to registrar - small 17.2
Boston West (Holdings) Limited - Accounts to registrar - small 17.2
| REGISTERED NUMBER: |
| BOSTON WEST (HOLDINGS) LIMITED |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 JANUARY 2017 |
| BOSTON WEST (HOLDINGS) LIMITED (REGISTERED NUMBER: 08206639) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 JANUARY 2017 |
| Page |
| Company Information | 1 |
| Statement of Financial Position | 2 | to | 3 |
| Notes to the Financial Statements | 4 | to | 8 |
| BOSTON WEST (HOLDINGS) LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31 JANUARY 2017 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 5 Resolution Close |
| Endeavour Park |
| Boston |
| Lincolnshire |
| PE21 7TT |
| BOSTON WEST (HOLDINGS) LIMITED (REGISTERED NUMBER: 08206639) |
| STATEMENT OF FINANCIAL POSITION |
| 31 JANUARY 2017 |
| 2017 | 2016 |
| Notes | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| Investments | 5 |
| Investment property | 6 |
| CURRENT ASSETS |
| Stocks | 7 |
| Debtors | 8 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 9 | ( |
) | ( |
) |
| NET CURRENT (LIABILITIES)/ASSETS | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES | ( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) |
| NET (LIABILITIES)/ASSETS | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital | 10 |
| Share premium | 11 |
| Capital redemption reserve | 11 |
| Fair value reserve | 11 | ( |
) |
| Retained earnings | 11 | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) |
| 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. |
| BOSTON WEST (HOLDINGS) LIMITED (REGISTERED NUMBER: 08206639) |
| STATEMENT OF FINANCIAL POSITION - continued |
| 31 JANUARY 2017 |
| 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 on by: |
| BOSTON WEST (HOLDINGS) LIMITED (REGISTERED NUMBER: 08206639) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 JANUARY 2017 |
| 1. | STATUTORY INFORMATION |
| Boston West (Holdings) Limited is a |
| 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 |
| The financial statements for the year ended 31 January 2017 are the first financial statements prepared in |
| accordance with FRS102. |
| Preparation of consolidated financial statements |
| The financial statements contain information about Boston West (Holdings) Limited as an individual company |
| and do not contain consolidated financial information as the parent of a group. The company has taken the |
| option under Section 398 of the Companies Act 2006 not to prepare consolidated financial statements. |
| 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 |
| Land and buildings | - |
| Plant and machinery etc | - |
| Investments in subsidiaries |
| Investments in subsidiaries are shown at cost after making due allowance for impairment. |
| 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. |
| Stocks |
| Stocks have been valued at the lower of cost and estimated selling price less costs to sell. |
| 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. |
| BOSTON WEST (HOLDINGS) LIMITED (REGISTERED NUMBER: 08206639) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 JANUARY 2017 |
| 2. | ACCOUNTING POLICIES - continued |
| 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. |
| 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 balance sheet date the company had net liabilities of £68,123 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 |
| 4. | TANGIBLE FIXED ASSETS |
| Plant and |
| Land and | machinery |
| buildings | etc | Totals |
| £ | £ | £ |
| COST |
| At 1 February 2016 |
| Disposals | ( |
) | ( |
) | ( |
) |
| At 31 January 2017 |
| DEPRECIATION |
| At 1 February 2016 |
| Eliminated on disposal | ( |
) | ( |
) |
| At 31 January 2017 |
| NET BOOK VALUE |
| At 31 January 2017 |
| At 31 January 2016 |
| Included in cost of land and buildings is freehold land of £ 200,000 (2016 - £ 1,545,692 ) which is not |
| depreciated. |
| BOSTON WEST (HOLDINGS) LIMITED (REGISTERED NUMBER: 08206639) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 JANUARY 2017 |
| 5. | FIXED ASSET INVESTMENTS |
| Shares in |
| group | Other |
| undertakings | investments | Totals |
| £ | £ | £ |
| COST OR VALUATION |
| At 1 February 2016 | 997,676 |
| Additions | 485,862 |
| Disposals | ( |
) | (488,895 | ) |
| Revaluations | 107,552 |
| Impairments | ( |
) | (80,000 | ) |
| At 31 January 2017 | 1,022,195 |
| NET BOOK VALUE |
| At 31 January 2017 | 1,022,195 |
| At 31 January 2016 | 997,676 |
| Cost or valuation at 31 January 2017 is represented by: |
| Other |
| investments |
| £ |
| Valuation in 2017 | 1,022,195 |
| If fixed asset investments had not been revalued they would have been included at the following historical |
| cost: |
| 2017 | 2016 |
| £ | £ |
| Cost | 977,145 | 980,178 |
| Fixed asset investments were valued on an open market basis on 31 January 2017 by the investment managers |
| . |
| 6. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| Additions |
| At 31 January 2017 |
| NET BOOK VALUE |
| At 31 January 2017 |
| 7. | STOCKS |
| 2017 | 2016 |
| £ | £ |
| Work-in-progress |
| BOSTON WEST (HOLDINGS) LIMITED (REGISTERED NUMBER: 08206639) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 JANUARY 2017 |
| 8. | DEBTORS |
| 2017 | 2016 |
| £ | £ |
| Amounts falling due within one year: |
| Trade debtors |
| Amounts owed by group undertakings |
| Other debtors |
| Amounts falling due after more than one year: |
| Amounts owed by group undertakings |
| Other debtors |
| Aggregate amounts |
| 9. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2017 | 2016 |
| £ | £ |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 10. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2017 | 2016 |
| value: | £ | £ |
| Ordinary A | £0.01 | 6 | 6 |
| Ordinary B | £0.01 | 13 | 13 |
| 19 | 19 |
| BOSTON WEST (HOLDINGS) LIMITED (REGISTERED NUMBER: 08206639) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 JANUARY 2017 |
| 11. | RESERVES |
| Capital | Fair |
| Retained | Share | redemption | value |
| earnings | premium | reserve | reserve | Totals |
| £ | £ | £ | £ | £ |
| At 1 February 2016 | ( |
) | 3,878,844 |
| Deficit for the year | ( |
) | - | - | - | ( |
) |
| Repayment of share premium | - | (3,939,141 | ) | - | - | (3,939,141 | ) |
| Transfer | (107,552 | ) | - | - | 107,552 | - |
| At 31 January 2017 | ( |
) | (68,142 | ) |
| 12. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to directors subsisted during the years ended 31 January 2017 and |
| 31 January 2016: |
| 2017 | 2016 |
| £ | £ |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid | ( |
) | ( |
) |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid | ( |
) | ( |
) |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year | ( |
) |