Acorah Software Products - Accounts Production 15.0.600 false true 31 October 2022 1 November 2021 false 1 November 2022 31 October 2023 31 October 2023 02911777 Dr JH Mcginn iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 02911777 2022-10-31 02911777 2023-10-31 02911777 2022-11-01 2023-10-31 02911777 frs-core:CurrentFinancialInstruments 2023-10-31 02911777 frs-core:FurnitureFittings 2023-10-31 02911777 frs-core:FurnitureFittings 2022-11-01 2023-10-31 02911777 frs-core:FurnitureFittings 2022-10-31 02911777 frs-core:CapitalRedemptionReserve 2023-10-31 02911777 frs-core:RevaluationReserve 2022-11-01 2023-10-31 02911777 frs-core:RevaluationReserve 2022-10-31 02911777 frs-core:RevaluationReserve 2023-10-31 02911777 frs-core:ShareCapital 2023-10-31 02911777 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 02911777 frs-bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 02911777 frs-bus:FilletedAccounts 2022-11-01 2023-10-31 02911777 frs-bus:SmallEntities 2022-11-01 2023-10-31 02911777 frs-bus:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 02911777 frs-bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 02911777 frs-bus:Director1 2022-11-01 2023-10-31 02911777 frs-countries:EnglandWales 2022-11-01 2023-10-31 02911777 2021-10-31 02911777 2022-10-31 02911777 2021-11-01 2022-10-31 02911777 frs-core:CurrentFinancialInstruments 2022-10-31 02911777 frs-core:CapitalRedemptionReserve 2022-10-31 02911777 frs-core:RevaluationReserve 2022-10-31 02911777 frs-core:ShareCapital 2022-10-31 02911777 frs-core:RetainedEarningsAccumulatedLosses 2022-10-31
Registered number: 02911777
Boston Securities Limited
Unaudited Financial Statements
For The Year Ended 31 October 2023
Tungsten Corporate Solutions Ltd
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 02911777
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1 1
Investment Properties 5 350,000 340,000
350,001 340,001
CURRENT ASSETS
Cash at bank and in hand 9,452 2,617
9,452 2,617
Creditors: Amounts Falling Due Within One Year 6 (120,002 ) (117,981 )
NET CURRENT ASSETS (LIABILITIES) (110,550 ) (115,364 )
TOTAL ASSETS LESS CURRENT LIABILITIES 239,451 224,637
NET ASSETS 239,451 224,637
CAPITAL AND RESERVES
Called up share capital 7 100 100
Revaluation reserve 8 138,368 128,368
Capital redemption reserve 286,000 286,000
Profit and Loss Account (185,017 ) (189,831 )
SHAREHOLDERS' FUNDS 239,451 224,637
Page 1
Page 2
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Dr JH Mcginn
Director
22/08/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Boston Securities Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02911777 . The registered office is Flat 3, 314 Oystermouth Road, Swansea, SA1 3UJ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 15% on a straight line basis
2.3. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2022: NIL)
- -
4. Tangible Assets
Fixtures & Fittings
£
Cost or Valuation
As at 1 November 2022 28,905
As at 31 October 2023 28,905
Depreciation
As at 1 November 2022 28,904
As at 31 October 2023 28,904
Net Book Value
As at 31 October 2023 1
As at 1 November 2022 1
Cost or valuation as at 31 October 2023 represented by:
Fixtures & Fittings
£
At cost 28,905
28,905
The investment property is included in the accounts at its open market value. The value was supplied by the director Dr JH McGinn. No deferred tax has been provided because there are sufficient losses available to set off against any gain made on disposal.
Page 3
Page 4
5. Investment Property
2023
£
Fair Value
As at 1 November 2022 340,000
Revaluations 10,000
As at 31 October 2023 350,000
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Accruals and deferred income 960 601
Director's loan account 119,042 117,380
120,002 117,981
7. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
8. Reserves
Revaluation Reserve
£
As at 1 November 2022 128,368
Transfer to profit and loss 10,000
As at 31 October 2023 138,368
Page 4