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REGISTERED NUMBER: 00447639 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

BOSTON TRACTORS LIMITED

BOSTON TRACTORS LIMITED (REGISTERED NUMBER: 00447639)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BOSTON TRACTORS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTORS: B L Dobbs
Mrs P Dobbs
J A Dobbs
Mrs J M L Dobbs





SECRETARY: Mrs J M L Dobbs





REGISTERED OFFICE: Ball Hall
Wargate Way
Gosberton
Spalding
Lincolnshire
PE11 4HE





REGISTERED NUMBER: 00447639 (England and Wales)





ACCOUNTANTS: Wheelers
Chartered Accountants & Tax Consultants
27-29 Old Market
Wisbech
Cambridgeshire
PE13 1NE

BOSTON TRACTORS LIMITED (REGISTERED NUMBER: 00447639)

BALANCE SHEET
30 NOVEMBER 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,231 1,380
Investments 5 116,229 89,644
Investment property 6 1,323,926 1,311,926
1,441,386 1,402,950

CURRENT ASSETS
Debtors 7 9,876 11,695
Cash at bank and in hand 106,221 139,834
116,097 151,529
CREDITORS
Amounts falling due within one year 8 87,702 87,972
NET CURRENT ASSETS 28,395 63,557
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,469,781

1,466,507

CREDITORS
Amounts falling due after more than one year 9 5,000 5,000
NET ASSETS 1,464,781 1,461,507

CAPITAL AND RESERVES
Called up share capital 25,000 25,000
Revaluation reserve 219,452 212,429
Retained earnings 1,220,329 1,224,078
1,464,781 1,461,507

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 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.

BOSTON TRACTORS LIMITED (REGISTERED NUMBER: 00447639)

BALANCE SHEET - continued
30 NOVEMBER 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 and authorised for issue on 7 August 2024 and were signed on its behalf by:





B L Dobbs - Director


BOSTON TRACTORS LIMITED (REGISTERED NUMBER: 00447639)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1. STATUTORY INFORMATION

Boston Tractors 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 (£).


2. ACCOUNTING POLICIES

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

The directors believe that the company is well placed to manage its financial risks successfully and have reasonable expectation that it has adequate resources to continue in operational existence for the foreseeable future. Consequently, it continues to adopt the going concern basis of accounting in preparing the annual financial statements.

Turnover
Turnover represents rents receivable and expenditure recharged.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

BOSTON TRACTORS LIMITED (REGISTERED NUMBER: 00447639)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 December 2022 1,900 2,094 3,994
Additions - 200 200
At 30 November 2023 1,900 2,294 4,194
DEPRECIATION
At 1 December 2022 1,881 733 2,614
Charge for year 5 344 349
At 30 November 2023 1,886 1,077 2,963
NET BOOK VALUE
At 30 November 2023 14 1,217 1,231
At 30 November 2022 19 1,361 1,380

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 December 2022 89,644
Additions 33,558
Disposals (1,996 )
Revaluations (4,977 )
At 30 November 2023 116,229
NET BOOK VALUE
At 30 November 2023 116,229
At 30 November 2022 89,644

BOSTON TRACTORS LIMITED (REGISTERED NUMBER: 00447639)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

5. FIXED ASSET INVESTMENTS - continued

Cost or valuation at 30 November 2023 is represented by:

Other
investments
£   
Valuation in 2023 116,229

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

30.11.23 30.11.22
£    £   
Cost 130,913 99,352

Fixed asset investments were valued on an open market basis on 30 November 2023 by Hargreaves Lansdown Asset Management Ltd .

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2022 1,311,926
Revaluations 12,000
At 30 November 2023 1,323,926
NET BOOK VALUE
At 30 November 2023 1,323,926
At 30 November 2022 1,311,926

Cost or valuation at 30 November 2023 is represented by:
£
Valuation in 2023 1,311,926

If investment property had not been revalued it would have been included at the following depreciated historical cost:

30.11.23 30.11.22
£ £
Cost 1,089,789 1,089,789

Investment property was valued on an open market basis on 30 November 2023 by the directors.

BOSTON TRACTORS LIMITED (REGISTERED NUMBER: 00447639)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 3,216 3,407
Other debtors 6,660 8,288
9,876 11,695

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade creditors 885 4,015
Other creditors 86,817 83,957
87,702 87,972

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.23 30.11.22
£    £   
Other creditors 5,000 5,000

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Preference shares 5,000 5,000

10. LEASING AGREEMENTS
Future minimum lease receipts for property under non-cancellable operating leases are as set out below:

Rents Receivable
30.11.23 30.11.22
£    £   
Within 1 year 100,000 83,000
Between 1 and 5 years 214,667 124,000
Over 5 years 344,667 188,420
Total 659,334 395,420