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REGISTERED NUMBER: 11544895 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

BOSWELL PARK HOMES LIMITED

BOSWELL PARK HOMES LIMITED (REGISTERED NUMBER: 11544895)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BOSWELL PARK HOMES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: H J Boswell
Mrs M J Boswell





REGISTERED OFFICE: The Mill Building
31-35 Chatsworth Road
Worthing
West Sussex
BN11 1LY





REGISTERED NUMBER: 11544895 (England and Wales)





ACCOUNTANTS: Galloways Accounting (Hove) Limited
The Old Casino
28 Fourth Avenue
Hove
East Sussex
BN3 2PJ

BOSWELL PARK HOMES LIMITED (REGISTERED NUMBER: 11544895)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 82,500 88,000
Tangible assets 5 157,213 202,221
239,713 290,221

CURRENT ASSETS
Stocks 6 175,618 251,031
Debtors 7 80,983 1,026
Cash at bank 69,925 72,953
326,526 325,010
CREDITORS
Amounts falling due within one year 8 196,655 215,116
NET CURRENT ASSETS 129,871 109,894
TOTAL ASSETS LESS CURRENT
LIABILITIES

369,584

400,115

CREDITORS
Amounts falling due after more than one
year

9

(12,571

)

(39,310

)

PROVISIONS FOR LIABILITIES 11 (10,818 ) (16,773 )
NET ASSETS 346,195 344,032

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 346,193 344,030
SHAREHOLDERS' FUNDS 346,195 344,032

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

BOSWELL PARK HOMES LIMITED (REGISTERED NUMBER: 11544895)

BALANCE SHEET - continued
31 DECEMBER 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 17 September 2024 and were signed on its behalf by:




H J Boswell - Director



Mrs M J Boswell - Director


BOSWELL PARK HOMES LIMITED (REGISTERED NUMBER: 11544895)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Boswell Park Homes 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.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

BOSWELL PARK HOMES LIMITED (REGISTERED NUMBER: 11544895)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 110,000
AMORTISATION
At 1 January 2023 22,000
Amortisation for year 5,500
At 31 December 2023 27,500
NET BOOK VALUE
At 31 December 2023 82,500
At 31 December 2022 88,000

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 January 2023 113,943 73,619 61,037 300 248,899
Additions - - 400 - 400
Disposals - (44,491 ) - - (44,491 )
At 31 December 2023 113,943 29,128 61,437 300 204,808
DEPRECIATION
At 1 January 2023 - 18,540 27,938 200 46,678
Charge for year - 3,692 4,999 100 8,791
Eliminated on disposal - (7,874 ) - - (7,874 )
At 31 December 2023 - 14,358 32,937 300 47,595
NET BOOK VALUE
At 31 December 2023 113,943 14,770 28,500 - 157,213
At 31 December 2022 113,943 55,079 33,099 100 202,221

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 January 2023 72,914
Disposals (44,491 )
At 31 December 2023 28,423
DEPRECIATION
At 1 January 2023 18,107
Charge for year 3,638
Eliminated on disposal (7,874 )
At 31 December 2023 13,871
NET BOOK VALUE
At 31 December 2023 14,552
At 31 December 2022 54,807

BOSWELL PARK HOMES LIMITED (REGISTERED NUMBER: 11544895)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

6. STOCKS
2023 2022
£    £   
Stock of Lodges for Resale 175,618 251,031

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 74,460 -
Directors' current accounts 6,523 -
Prepayments - 1,026
80,983 1,026

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 783 1,789
Hire purchase contracts 1,398 7,090
Rents Received in Advance 101,924 29,149
Credit Card Control 560 386
Sales Deposits Held - 12,048
Amounts owed to group undertakings 42,417 73,496
Tax 41,368 26,298
Directors' current accounts - 61,919
Accrued expenses 8,205 2,941
196,655 215,116

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 2-5 years 4,375 4,786
Hire purchase contracts 8,196 34,524
12,571 39,310

10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 5,158 6,575

The Bounce Back Loan taken is in some part guaranteed by H M Government

11. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax
Deferred Tax Brought Forward 16,773 9,659
Deferred Tax Provision in Year (5,955 ) 7,114
10,818 16,773

BOSWELL PARK HOMES LIMITED (REGISTERED NUMBER: 11544895)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

11. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 January 2023 16,773
Provided during year (5,955 )
Accelerated Capital Allowances
Balance at 31 December 2023 10,818

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2023 and 31 December 2022:

2023 2022
£    £   
H J Boswell
Balance outstanding at start of year (61,919 ) (15,650 )
Amounts advanced 200,307 192,909
Amounts repaid (131,865 ) (239,178 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 6,523 (61,919 )

This balance represented the maximum amount outstanding during the year and the loan is interest free and repayable on demand.

13. RELATED PARTY DISCLOSURES

During the year the company paid rent to the directors of £29,469 for the land the site occupies (2022: £23,406).

14. ULTIMATE CONTROLLING PARTY

The controlling party is H J Boswell.

This was by virtue of his holding of the issued share capital.