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REGISTERED NUMBER: 09940656 (England and Wales)














Unaudited Financial Statements

for the Year Ended 28 February 2024

for

Boston Properties Limited

Boston Properties Limited (Registered number: 09940656)






Contents of the Financial Statements
for the Year Ended 28 February 2024




Page

Balance Sheet 1

Notes to the Financial Statements 2


Boston Properties Limited (Registered number: 09940656)

Balance Sheet
28 February 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 1,615,500 1,615,500

CURRENT ASSETS
Debtors 5 2,603 2,221
Cash at bank 125,538 190,046
128,141 192,267
CREDITORS
Amounts falling due within one year 6 1,316,700 1,297,588
NET CURRENT LIABILITIES (1,188,559 ) (1,105,321 )
TOTAL ASSETS LESS CURRENT LIABILITIES 426,941 510,179

PROVISIONS FOR LIABILITIES 83,551 83,551
NET ASSETS 343,390 426,628

CAPITAL AND RESERVES
Called up share capital 1 1
Non-distributable reserve 7 319,150 319,150
Retained earnings 24,239 107,477
SHAREHOLDERS' FUNDS 343,390 426,628

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2024 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 applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 July 2024 and were signed on its behalf by:





Mr P Burke - Director


Boston Properties Limited (Registered number: 09940656)

Notes to the Financial Statements
for the Year Ended 28 February 2024

1. STATUTORY INFORMATION

Boston Properties Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 09940656

Registered office: Stonewall Place
Silverdale
Newcastle-Under-Lyme
Staffordshire
ST5 6NR

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.

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.

The directors have revalued the property in August 2023 based on the open market value and, in their opinion, this reflects the fair value at 28 February 2024.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

Boston Properties Limited (Registered number: 09940656)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2024

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2023
and 28 February 2024 1,615,500
NET BOOK VALUE
At 28 February 2024 1,615,500
At 28 February 2023 1,615,500

The directors have revalued the property in August 2023 based on the open market value and, in their opinion, this reflects the fair value at 28 February 2024.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 2,603 2,221

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed to group undertakings 1,302,184 1,278,279
Taxation and social security 11,984 17,159
Other creditors 2,532 2,150
1,316,700 1,297,588

7. RESERVES
Non-distributable
reserve
£   
At 1 March 2023
and 28 February 2024 319,150

8. ULTIMATE CONTROLLING PARTY

Boston Interiors Holding Limited is the ultimate controlling party.