1 January 2023 v2024.53.1 limited_company_frs_102_section_1a_v1_1_2 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBP075249692023-01-012023-12-31075249692023-12-31075249692022-12-3107524969core:WithinOneYear2023-12-3107524969core:WithinOneYear2022-12-3107524969core:AfterOneYear2023-12-3107524969core:AfterOneYear2022-12-3107524969core:ShareCapital2023-12-3107524969core:ShareCapital2022-12-3107524969core:OtherReservesSubtotal2023-12-3107524969core:OtherReservesSubtotal2022-12-3107524969core:RetainedEarningsAccumulatedLosses2023-12-3107524969core:RetainedEarningsAccumulatedLosses2022-12-3107524969bus:Director12023-01-012023-12-3107524969bus:RegisteredOffice2023-01-012023-12-31075249692022-01-012022-12-3107524969core:CostValuation2023-01-0107524969core:RevaluationsIncreaseDecreaseInInvestments2023-12-3107524969core:CostValuation2023-12-310752496912023-01-012023-12-3107524969countries:EnglandWales2023-01-012023-12-3107524969bus:AuditExemptWithAccountantsReport2023-01-012023-12-3107524969bus:PrivateLimitedCompanyLtd2023-01-012023-12-3107524969bus:SmallEntities2023-01-012023-12-3107524969bus:FullAccounts2023-01-012023-12-31
Company registration number:
07524969
Boxwood (London) Limited
Unaudited Filleted Financial Statements for the year ended
31 December 2023
Boxwood (London) Limited
Chartered accountant's report to the board of directors on the preparation of the unaudited statutory financial statements of Boxwood (London) Limited
Year ended
31 December 2023
In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the
financial statements
of
Boxwood (London) Limited
for the year ended
31 December 2023
which comprise the income statement, statement of total comprehensive income, statement of financial position, statement of changes in equity and related notes from the company’s accounting records and from information and explanations you have given me.
As a practising member of the Institute of Chartered Accountants in England and Wales (ICAEW), I am subject to its ethical and other professional requirements which are detailed at icaew.com/​regulations.
This report is made solely to the Board of Directors of
Boxwood (London) Limited
, as a body, in accordance with the terms of my engagement letter dated 31 August 2018. My work has been undertaken solely to prepare for your approval the
financial statements
of
Boxwood (London) Limited
and state those matters that I have agreed to state to the Board of Directors of
Boxwood (London) Limited
, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than
Boxwood (London) Limited
and its Board of Directors, as a body, for my work or for this report.
It is your duty to ensure that
Boxwood (London) Limited
has kept adequate accounting records and to prepare statutory
financial statements
that give a true and fair view of the assets, liabilities, financial position and loss of
Boxwood (London) Limited
. You consider that
Boxwood (London) Limited
is exempt from the statutory audit requirement for the year.
I have not been instructed to carry out an audit or a review of the financial statements of Boxwood (London) Limited. For this reason, I have not verified the accuracy or completeness of the accounting records or information and explanations you have given to me and I do not, therefore, express any opinion on the statutory financial statements.
Gordon & Co
Chartered Accountants and Business Advisors
37A Anchor Road
Aldridge
Walsall
West Midlands
WS9 8PT
United Kingdom
Date:
19 September 2024
Boxwood (London) Limited
Statement of Financial Position
31 December 2023
20232022
Note££
Fixed assets    
Investments 5
5,394,600
 
5,500,000
 
Current assets    
Cash at bank and in hand
186,435
 
102,739
 
Creditors: amounts falling due within one year 6
(23,931
)
(22,011
)
Net current assets
162,504
 
80,728
 
Total assets less current liabilities 5,557,104   5,580,728  
Creditors: amounts falling due after more than one year 7
(3,836,626
)
(3,832,835
)
Net assets
1,720,478
 
1,747,893
 
Capital and reserves    
Called up share capital
100
 
100
 
Other reserves
1,155,408
 
1,260,808
 
Profit and loss account
564,970
 
486,985
 
Shareholders funds
1,720,478
 
1,747,893
 
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.
Directors' responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
19 September 2024
, and are signed on behalf of the board by:
Sally Wakeman
Director
Company registration number:
07524969
Boxwood (London) Limited
Notes to the Financial Statements
Year ended
31 December 2023

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
37A Anchor Road
,
Aldridge
,
Walsall
,
West Midlands
,
WS9 8PT
, United Kingdom.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods and services supplied, net of discounts and Value Added Tax.

Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Fixed asset investments

Other fixed asset investments which are listed are measured at fair value with changes in fair value being recognised in .

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

4 Average number of employees

The average number of persons employed by the company during the year was
1
(2022:
1.00
).

5 Investments

Other investments other than loans
£
Cost or valuation  
At
1 January 2023
5,500,000
 
Revaluations
(105,400
)
At
31 December 2023
5,394,600
 
Impairment  
At
1 January 2023
and
31 December 2023
-  
Carrying amount  
At
31 December 2023
5,394,600
 
At 31 December 2022
5,500,000
 

Investments held at valuation

In respect of fixed asset investments held at valuation, the comparable amounts that would have been recognised if the assets had been carried under the historical cost model are as follows:
20232022
Other investments other than loansOther investments other than loans
££
Aggregate historical cost 4,239,192   4,239,192  
Carrying amount 4,239,192   4,239,192  

6 Creditors: amounts falling due within one year

20232022
££
Taxation and social security
21,773
 
21,007
 
Other creditors
2,158
 
1,004
 
23,931
 
22,011
 

7 Creditors: amounts falling due after more than one year

20232022
££
Trade creditors -  
3,832,835
 
Other creditors
3,836,626
  -  
3,836,626
 
3,832,835
 

8 Fair value reserve

Included within other reserves is the fair value reserve as follows:
20232022
££
At start of year (as previously reported) -   -  
Effects of changes in accounting policies 1,260,808   1,260,808  
At start of year (restated) 1,260,808   1,260,808  
Reclassification from fair reserve to profit and loss account (105,400 ) -  
At end of year 1,155,408   1,260,808