Company Registration No. 09682114 (England and Wales)
BOYES PROPERTIES LTD
Unaudited accounts
for the year ended 31 March 2023
BOYES PROPERTIES LTD
Unaudited accounts
Contents
BOYES PROPERTIES LTD
Company Information
for the year ended 31 March 2023
Company Number
09682114 (England and Wales)
Registered Office
16 Meadowcroft Road
Outwood
Wakefield
WF1 3TA
Accountants
RAE Business Services (Yorkshire) Limited
First Floor
85 Great Portland Street
London
W1W 7LT
BOYES PROPERTIES LTD
Accountants' report
Accountants' report to the director of BOYES PROPERTIES LTD on the preparation of the unaudited statutory accounts for the year ended 31 March 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
BOYES PROPERTIES LTD for the year ended
31 March 2023 as set out on pages
5 -
8 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of BOYES PROPERTIES LTD, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of BOYES PROPERTIES LTD and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than BOYES PROPERTIES LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that BOYES PROPERTIES LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of BOYES PROPERTIES LTD. You consider that BOYES PROPERTIES LTD is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of BOYES PROPERTIES LTD. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
RAE Business Services (Yorkshire) Limited
First Floor
85 Great Portland Street
London
W1W 7LT
7 August 2023
BOYES PROPERTIES LTD
Statement of financial position
as at 31 March 2023
Tangible assets
2,448
5,292
Investment property
1,357,551
1,029,999
Cash at bank and in hand
24,361
34,873
Creditors: amounts falling due within one year
(90,175)
(39,595)
Net current liabilities
(64,471)
(4,242)
Total assets less current liabilities
1,295,528
1,031,049
Creditors: amounts falling due after more than one year
(853,213)
(760,992)
Net assets
442,315
270,057
Called up share capital
1
1
Profit and loss account
442,314
270,056
Shareholders' funds
442,315
270,057
For the year ending 31 March 2023 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 15 November 2023 and were signed on its behalf by
Luke David Boyes
Director
Company Registration No. 09682114
BOYES PROPERTIES LTD
Notes to the Accounts
for the year ended 31 March 2023
BOYES PROPERTIES LTD is a private company, limited by shares, registered in England and Wales, registration number 09682114. The registered office is 16 Meadowcroft Road, Outwood, Wakefield, WF1 3TA.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold. The properties were revalued by the Director at the year end. The gain on revaluation of £18,100 is unrealised and hence, unavailable for distribution.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
Between 20% and 33% on cost.
BOYES PROPERTIES LTD
Notes to the Accounts
for the year ended 31 March 2023
4
Tangible fixed assets
Fixtures & fittings
Fair value at 1 April 2022
1,029,999
Net gain from fair value adjustments
165,736
At 31 March 2023
1,357,551
Amounts falling due within one year
Accrued income and prepayments
1,238
480
7
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
1,530
44
Other creditors
24,907
3,250
Loans from directors
63,738
36,301
8
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
731,103
620,883
Other creditors
122,110
140,109
BOYES PROPERTIES LTD
Notes to the Accounts
for the year ended 31 March 2023
9
Average number of employees
During the year the average number of employees was 0 (2022: 0).