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Company Registration No. NI609585 (Northern Ireland)
Boyd Estates Limited Unaudited accounts for the year ended 31 December 2023
Boyd Estates Limited Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Investments
125,100 
125,100 
Current assets
Debtors
859,810 
859,911 
Cash at bank and in hand
219 
14,974 
860,029 
874,885 
Creditors: amounts falling due within one year
(846,805)
(860,368)
Net current assets
13,224 
14,517 
Net assets
138,324 
139,617 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
138,224 
139,517 
Shareholders' funds
138,324 
139,617 
For the year ending 31 December 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 5 September 2024 and were signed on its behalf by
Creighton Boyd Director Company Registration No. NI609585
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Boyd Estates Limited Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
Boyd Estates Limited is a private company, limited by shares, registered in Northern Ireland, registration number NI609585. The registered office is Unit 2 Channel Wharf, 21 Old Channel Road, Belfast, Antrim, BT3 9DE.
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
These accounts have been prepared under the historical cost convention unless otherwise specified within these accounting policies.
Presentation currency
The accounts are presented in £ sterling.
Going concern
Having reviewed the resources available the director believes that Boyd Estates Limited has adequate resources available to enable it to continue in operational existence for a period of at least 12 months from the date of approval of the financial statements. Accordingly, the company continues to adopt the going concern basis in the preparation of its financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investments
Fixed asset investments are measured at cost less accumulated impairment.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
4
Investments
Other investments 
£ 
Valuation at 1 January 2023
125,100 
Valuation at 31 December 2023
125,100 
Fixed asset investments is comprised of equity shareholdings in the following companies: HBC Investments (23 Charlotte Road) Ltd (25%) Neptune Moygashel Limited (50%) Neptune Estates Limited (50%)
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Boyd Estates Limited Notes to the Accounts for the year ended 31 December 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Amounts due from group undertakings etc.
9,810 
9,911 
Accrued income and prepayments
50,000 
50,000 
Other debtors
800,000 
800,000 
859,810 
859,911 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
1,908 
2,520 
Amounts owed to group undertakings and other participating interests
366,671 
322,321 
Loans from directors
477,236 
533,804 
Accruals
990 
1,723 
846,805 
860,368 
7
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
8
Transactions with related parties
Included in debtors are amounts due from connected companies £9,810 (2022: £9,911). Included within creditors are amounts due to connected companies of £366,671 (2022: £322,321) and loans from directors of £477,236 (2022: £533,804). All amounts due are unsecured, interest-free and repayable on demand.
9
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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