Boreas Holdings Limited 10745105 true 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is that of a holding company. Digita Accounts Production Advanced 6.30.9574.0 true Mr W Ballard Mr G W Ballard true 10745105 2023-04-01 2024-03-31 10745105 2024-03-31 10745105 core:ShareCapital 2024-03-31 10745105 core:CurrentFinancialInstruments 2024-03-31 10745105 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 10745105 bus:FRS102 2023-04-01 2024-03-31 10745105 bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 10745105 bus:FullAccounts 2023-04-01 2024-03-31 10745105 bus:RegisteredOffice 2023-04-01 2024-03-31 10745105 bus:CompanySecretaryDirector2 2023-04-01 2024-03-31 10745105 bus:Director1 2023-04-01 2024-03-31 10745105 bus:EntityHasNeverTraded 2023-04-01 2024-03-31 10745105 bus:Consolidated 2023-04-01 2024-03-31 10745105 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 10745105 countries:EnglandWales 2023-04-01 2024-03-31 10745105 2022-04-01 2023-03-31 10745105 2023-03-31 10745105 core:ShareCapital 2023-03-31 10745105 core:CurrentFinancialInstruments 2023-03-31 10745105 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 iso4217:GBP xbrli:pure

Registration number: 10745105

Boreas Holdings Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2024

 

Boreas Holdings Limited

Profit and Loss Account for the Year Ended 31 March 2024

The company has not traded during the year. During this year, the company received no income and incurred no expenditure and therefore made neither profit nor loss.

 

Boreas Holdings Limited

(Registration number: 10745105)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Current assets

 

Debtors

4

6,382

6,382

Investments

5

50,000

50,000

 

56,382

56,382

Creditors: Amounts falling due within one year

6

(56,381)

(56,381)

Net assets

 

1

1

Capital and reserves

 

Called up share capital

1

1

Shareholders' funds

 

1

1

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 23 September 2024 and signed on its behalf by:
 

.........................................
Mr G W Ballard
Company secretary and director

   
     
 

Boreas Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Orchard House
Stud Farm
Abberley
Worcester
Worcestershire
WR6 6AT
Great Britain

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Boreas Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2023 - 0).

4

Debtors

Current

Note

2024
£

2023
£

Amounts owed by related parties

6,382

6,382

   

6,382

6,382

5

Current asset investments

2024
£

2023
£

Shares in group undertakings

50,000

50,000

 

Boreas Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

6

Creditors

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

7

20

20

Trade creditors

 

700

700

Amounts due to related parties

13,401

13,401

Other payables

 

42,260

42,260

 

56,381

56,381

7

Loans and borrowings

Current loans and borrowings

2024
£

2023
£

Bank overdrafts

20

20