1 April 2022 false Taxfiler 2023.10 09682114business:PrivateLimitedCompanyLtd2022-04-012023-03-31 096821142022-03-31 096821142022-04-012023-03-31 09682114business:AuditExemptWithAccountantsReport2022-04-012023-03-31 09682114business:FilletedAccounts2022-04-012023-03-31 096821142023-03-31 09682114business:Director12022-04-012023-03-31 09682114business:RegisteredOffice2022-04-012023-03-31 096821142022-03-31 09682114core:WithinOneYear2023-03-31 09682114core:WithinOneYear2022-03-31 09682114core:AfterOneYear2023-03-31 09682114core:AfterOneYear2022-03-31 09682114core:ShareCapitalcore:PreviouslyStatedAmount2023-03-31 09682114core:ShareCapitalcore:PreviouslyStatedAmount2022-03-31 09682114core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-03-31 09682114core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-03-31 09682114core:PreviouslyStatedAmount2023-03-31 09682114core:PreviouslyStatedAmount2022-03-31 09682114business:SmallEntities2022-04-012023-03-31 09682114countries:EnglandWales2022-04-012023-03-31 09682114core:FurnitureFittings2022-04-012023-03-31 09682114core:FurnitureFittings2022-03-31 09682114core:FurnitureFittings2023-03-31 096821142021-04-012022-03-31 iso4217:GBP xbrli:pure
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
Page
- 2 -
BOYES PROPERTIES LTD Company Information for the year ended 31 March 2023
Director
Luke David Boyes
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
- 3 -
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
- 4 -
BOYES PROPERTIES LTD Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,448 
5,292 
Investment property
1,357,551 
1,029,999 
1,359,999 
1,035,291 
Current assets
Debtors
1,343 
480 
Cash at bank and in hand
24,361 
34,873 
25,704 
35,353 
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 
Capital and reserves
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
- 5 -
BOYES PROPERTIES LTD Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Investment property
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.
- 6 -
BOYES PROPERTIES LTD Notes to the Accounts for the year ended 31 March 2023
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 April 2022
16,203 
At 31 March 2023
16,203 
Depreciation
At 1 April 2022
10,911 
Charge for the year
2,844 
At 31 March 2023
13,755 
Net book value
At 31 March 2023
2,448 
At 31 March 2022
5,292 
5
Investment property
2023 
£ 
Fair value at 1 April 2022
1,029,999 
Additions
161,816 
Net gain from fair value adjustments
165,736 
At 31 March 2023
1,357,551 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
1,238 
480 
Other debtors
105 
- 
1,343 
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 
90,175 
39,595 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
731,103 
620,883 
Other creditors
122,110 
140,109 
853,213 
760,992 
- 7 -
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).
- 8 -