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 31 JANUARY 2018

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

200,000

200,000

Investments

5

1,325,794

1,022,195

Investment property

6

300,415

293,878

1,826,209

1,516,073

CURRENT ASSETS

Debtors

7

136,329

328,562

Cash at bank

226,297

1,026,527

362,626

1,355,089

CREDITORS

Amounts falling due within one year

8

2,379,803

2,939,285

NET CURRENT LIABILITIES

(2,017,177

)

(1,584,196

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(190,968

)

(68,123

)

CAPITAL AND RESERVES

Called up share capital

9

19

19

Capital redemption reserve

10

1

1

Fair value reserve

10

123,728

45,049

Retained earnings

10

(314,716

)

(113,192

)

SHAREHOLDERS' FUNDS

(190,968

)

(68,123

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2018 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 30 October 2018 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

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 is exempt under

Section 399(2A) of the Companies Act 2006 from the requirements 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

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

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 balance sheet date the company had net liabilities of £190,968 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 (2017 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Land and

buildings

£

COST

At 1 February 2017

and 31 January 2018

200,000

NET BOOK VALUE

At 31 January 2018

200,000

At 31 January 2017

200,000

Included in cost of land and buildings is freehold land of £ 200,000 (2017 - £ 200,000 ) which is not

depreciated.

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 1 February 2017

1,022,195

Additions

364,358

Disposals

(139,438

)

Revaluations

78,679

At 31 January 2018

1,325,794

NET BOOK VALUE

At 31 January 2018

1,325,794

At 31 January 2017

1,022,195

Cost or valuation at 31 January 2018 is represented by:

Other

investments

£

Valuation in 2018

1,325,794

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

cost:

2018

2017

£

£

Cost

1,202,065

977,145

Fixed asset investments were valued on an open market basis on 31 January 2018 by the investment managers

.

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 February 2017

293,878

Additions

6,537

At 31 January 2018

300,415

NET BOOK VALUE

At 31 January 2018

300,415

At 31 January 2017

293,878

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Amounts owed by group undertakings

-

189,456

Other debtors

136,329

139,106

136,329

328,562

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade creditors

11,408

3,684

Taxation and social security

6,414

306

Other creditors

2,361,981

2,935,295

2,379,803

2,939,285

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2018

2017

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 1 February 2017

(113,192

)

1

45,049

(68,142

)

Deficit for the year

(122,845

)

-

-

(122,845

)

Transfer

(78,679

)

-

78,679

-

At 31 January 2018

(314,716

)

1

123,728

(190,987

)

11.	LEASING AGREEMENTS

The total amount of financial commitments, guarantees and contingencies that are not included in the

statement of financial position is £4,027 (2017 - £7,479).