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Registered number: 13883710
Box3 Developments Ltd
Unaudited Financial Statements
For The Year Ended 31 January 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 13883710
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 180,000 145,000
180,000 145,000
CURRENT ASSETS
Debtors 5 139 6,110
Cash at bank and in hand 2,537 8,220
2,676 14,330
Creditors: Amounts Falling Due Within One Year 6 (75,348 ) (53,708 )
NET CURRENT ASSETS (LIABILITIES) (72,672 ) (39,378 )
TOTAL ASSETS LESS CURRENT LIABILITIES 107,328 105,622
Creditors: Amounts Falling Due After More Than One Year 7 (102,245 ) (102,245 )
NET ASSETS 5,083 3,377
CAPITAL AND RESERVES
Called up share capital 9 2 2
Fair Value Reserve 10 35,295 3,375
Profit and Loss Account (30,214 ) -
SHAREHOLDERS' FUNDS 5,083 3,377
Page 1
Page 2
For the year ending 31 January 2024 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 directors acknowledge their 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
Mr David Wilson
Director
02/10/2024
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
Box3 Developments Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13883710. The registered office is 2 The Close, Averham, Newark, NG23 5RP.
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. 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. 
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Investment Property
2024
£
Fair Value
As at 1 February 2023 145,000
Additions 3,080
Fair value adjustments 31,920
As at 31 January 2024 180,000
If investment property had been accounted for under historical cost accounting rules, the amounts would be:
2024 2023
£ £
Cost 143,690 140,610
5. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 139 -
Other debtors - 6,110
139 6,110
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Accruals and deferred income 600 360
Directors' loan accounts 64,748 43,348
Amounts owed to related parties 10,000 10,000
75,348 53,708
Page 3
Page 4
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 102,245 102,245
Of the creditors falling due after more than one year the following amounts are due after more than five years.
2024 2023
£ £
Bank loans 102,245 102,245
8. Secured Creditors
Of the creditors the following amounts are secured.
2024 2023
£ £
Bank loans and overdrafts 102,245 102,245
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
10. Reserves
Fair Value Reserve
£
As at 1 February 2023 3,375
Movements in fair value reserve 31,920
As at 31 January 2024 35,295
11. Related Party Transactions
All transactions are carried out at market value
Page 4