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REGISTERED NUMBER: 12323194 (England and Wales)















BOOMSLANG INVESTMENTS LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2023






BOOMSLANG INVESTMENTS LIMITED (REGISTERED NUMBER: 12323194)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BOOMSLANG INVESTMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2023







DIRECTOR: B E James





REGISTERED OFFICE: Central Chambers
45-47 Albert Street
Rugby
Warwickshire
CV21 2SG





REGISTERED NUMBER: 12323194 (England and Wales)





ACCOUNTANTS: Atkinson Finch & Co
Chartered Accountants
Central Chambers
45-47 Albert Street
Rugby
Warwickshire
CV21 2SG

BOOMSLANG INVESTMENTS LIMITED (REGISTERED NUMBER: 12323194)

BALANCE SHEET
31ST DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 121,795 191,870
Investments 5 835,627 1,038,495
Investment property 6 10,061,791 10,052,548
11,019,213 11,282,913

CURRENT ASSETS
Debtors 7 51,849 63,748
Cash at bank and in hand 94,945 135,463
146,794 199,211
CREDITORS
Amounts falling due within one year 8 5,281,622 5,830,257
NET CURRENT LIABILITIES (5,134,828 ) (5,631,046 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,884,385

5,651,867

PROVISIONS FOR LIABILITIES 39,644 43,444
NET ASSETS 5,844,741 5,608,423

CAPITAL AND RESERVES
Called up share capital 200 200
Share premium 5,090,000 5,090,000
Retained earnings 754,541 518,223
SHAREHOLDERS' FUNDS 5,844,741 5,608,423

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

BOOMSLANG INVESTMENTS LIMITED (REGISTERED NUMBER: 12323194)

BALANCE SHEET - continued
31ST 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 director and authorised for issue on 23rd September 2024 and were signed by:





B E James - Director


BOOMSLANG INVESTMENTS LIMITED (REGISTERED NUMBER: 12323194)

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

1. STATUTORY INFORMATION

Boomslang Investments 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.

Significant judgements and estimates
There are no significant judgements that have a material effect on the accounts nor any accounting estimates that have a high risk of causing a material adjustment in a future accounting period.

Turnover
Turnover represents rents receivable from investment properties and assets, exclusive of value added tax.

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 - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 20% on reducing balance

Investment property
Investment property is carried at fair value. Revaluation surpluses or deficits are recognised in the income statement. Deferred taxation is provided on these gains and the net of revaluation and deferred tax movement transferred to a fair value reserve.

The director reviews the property portfolio each year and adjust the carrying values where he believes that there is a material adjustment to the previous year.

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.

BOOMSLANG INVESTMENTS LIMITED (REGISTERED NUMBER: 12323194)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 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 3 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1st January 2023 242,677 5,242 19,979 10,956 278,854
Additions 16,360 - - - 16,360
Disposals (70,000 ) - - - (70,000 )
At 31st December 2023 189,037 5,242 19,979 10,956 225,214
DEPRECIATION
At 1st January 2023 73,376 1,897 7,193 4,518 86,984
Charge for year 25,932 668 2,557 1,278 30,435
Eliminated on disposal (14,000 ) - - - (14,000 )
At 31st December 2023 85,308 2,565 9,750 5,796 103,419
NET BOOK VALUE
At 31st December 2023 103,729 2,677 10,229 5,160 121,795
At 31st December 2022 169,301 3,345 12,786 6,438 191,870

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1st January 2023 1,038,495
Disposals (202,868 )
At 31st December 2023 835,627
NET BOOK VALUE
At 31st December 2023 835,627
At 31st December 2022 1,038,495

BOOMSLANG INVESTMENTS LIMITED (REGISTERED NUMBER: 12323194)

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

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st January 2023 10,052,548
Additions 9,243
At 31st December 2023 10,061,791
NET BOOK VALUE
At 31st December 2023 10,061,791
At 31st December 2022 10,052,548

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 39,401 25,418
Prepayments 12,448 38,330
51,849 63,748

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 5,344 28,515
Corporation tax payable 94,062 29,091
Social security and other taxes 29,128 26,172
Other creditors 5,000 5,000
Directors' current accounts 5,046,107 5,640,490
Accrued expenses 101,981 100,989
5,281,622 5,830,257