Silverfin false false 31/03/2024 01/09/2023 31/03/2024 Mrs S Broadbank 08/08/2015 Mr R D Broadbank 08/08/2015 24 July 2024 The principal activity of the Company during the financial year was the development of land. 09722288 2024-03-31 09722288 bus:Director1 2024-03-31 09722288 bus:Director2 2024-03-31 09722288 2023-08-31 09722288 core:CurrentFinancialInstruments 2024-03-31 09722288 core:CurrentFinancialInstruments 2023-08-31 09722288 core:ShareCapital 2024-03-31 09722288 core:ShareCapital 2023-08-31 09722288 core:RetainedEarningsAccumulatedLosses 2024-03-31 09722288 core:RetainedEarningsAccumulatedLosses 2023-08-31 09722288 core:LandBuildings 2023-08-31 09722288 core:LandBuildings 2024-03-31 09722288 bus:OrdinaryShareClass1 2024-03-31 09722288 2023-09-01 2024-03-31 09722288 bus:FilletedAccounts 2023-09-01 2024-03-31 09722288 bus:SmallEntities 2023-09-01 2024-03-31 09722288 bus:AuditExemptWithAccountantsReport 2023-09-01 2024-03-31 09722288 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-03-31 09722288 bus:Director1 2023-09-01 2024-03-31 09722288 bus:Director2 2023-09-01 2024-03-31 09722288 core:LandBuildings core:TopRangeValue 2023-09-01 2024-03-31 09722288 2022-09-01 2023-08-31 09722288 core:LandBuildings 2023-09-01 2024-03-31 09722288 bus:OrdinaryShareClass1 2023-09-01 2024-03-31 09722288 bus:OrdinaryShareClass1 2022-09-01 2023-08-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 09722288 (England and Wales)

BOSWIN 2015 LTD

Unaudited Financial Statements
For the financial period from 01 September 2023 to 31 March 2024
Pages for filing with the registrar

BOSWIN 2015 LTD

Unaudited Financial Statements

For the financial period from 01 September 2023 to 31 March 2024

Contents

BOSWIN 2015 LTD

BALANCE SHEET

As at 31 March 2024
BOSWIN 2015 LTD

BALANCE SHEET (continued)

As at 31 March 2024
Note 31.03.2024 31.08.2023
£ £
Fixed assets
Tangible assets 3 38,423 39,803
38,423 39,803
Current assets
Stocks 4 124,418 127,467
Cash at bank and in hand 22,714 20,016
147,132 147,483
Creditors: amounts falling due within one year 5 ( 54,674) ( 98,813)
Net current assets 92,458 48,670
Total assets less current liabilities 130,881 88,473
Provision for liabilities ( 1,069) ( 1,185)
Net assets 129,812 87,288
Capital and reserves
Called-up share capital 6 100 100
Profit and loss account 129,712 87,188
Total shareholders' funds 129,812 87,288

For the financial period ending 31 March 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Boswin 2015 Ltd (registered number: 09722288) were approved and authorised for issue by the Board of Directors on 24 July 2024. They were signed on its behalf by:

Mrs S Broadbank
Director
BOSWIN 2015 LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 01 September 2023 to 31 March 2024
BOSWIN 2015 LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 01 September 2023 to 31 March 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Boswin 2015 Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is:
Lowin House
Tregolls Road
Truro
TR1 2NA
United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Reporting period length

The accounting period has been shortened to 31 March annually to enable better management reporting of annual income. The comparatives represent 12 months figures as opposed 7 months in the current period.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Land and buildings 10 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

Period from
01.09.2023 to
31.03.2024
Year ended
31.08.2023
Number Number
Monthly average number of persons employed by the Company during the period, including directors 2 2

3. Tangible assets

Land and buildings Total
£ £
Cost
At 01 September 2023 51,982 51,982
At 31 March 2024 51,982 51,982
Accumulated depreciation
At 01 September 2023 12,179 12,179
Charge for the financial period 1,380 1,380
At 31 March 2024 13,559 13,559
Net book value
At 31 March 2024 38,423 38,423
At 31 August 2023 39,803 39,803

4. Stocks

31.03.2024 31.08.2023
£ £
Stocks 124,418 127,467

5. Creditors: amounts falling due within one year

31.03.2024 31.08.2023
£ £
Trade creditors 3,424 0
Taxation and social security 31,437 16,093
Other creditors 19,813 82,720
54,674 98,813

6. Called-up share capital

31.03.2024 31.08.2023
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100