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Registered number: 13850532









BOATH HIGHLANDS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THEYEAR ENDED 31 MARCH 2024

 
BOATH HIGHLANDS LIMITED
REGISTERED NUMBER: 13850532

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
20,332
3,188

  
20,332
3,188

Current assets
  

Stocks
 5 
13,011
11,266

Debtors: amounts falling due within one year
 6 
65,097
38,683

Cash at bank and in hand
 7 
1,324
28,150

  
79,432
78,099

Creditors: amounts falling due within one year
 8 
(368,606)
(147,201)

Net current liabilities
  
 
 
(289,174)
 
 
(69,102)

Total assets less current liabilities
  
(268,842)
(65,914)

Creditors: amounts falling due after more than one year
 9 
(611,899)
(476,700)

  

Net liabilities
  
(880,741)
(542,614)


Capital and reserves
  

Called up share capital 
 11 
100
1

Profit and loss account
  
(880,841)
(542,615)

  
(880,741)
(542,614)


Page 1

 
BOATH HIGHLANDS LIMITED
REGISTERED NUMBER: 13850532
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 15 October 2024.




J S Gent
R M Potter
Director
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
BOATH HIGHLANDS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Boath Highlands Ltd is a company limited by shares incorporated in England and Wales (company number: 13850532). Its registered office address is 101 New Cavendish Street, 1st Floor South, London, United Kingdom W1W 6XH.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been prepared on the going concern basis.The company had net liabilities at the year and is dependent on the shareholder for financial support. As at 31 March 2024, the shareholder has confirmed that they will provide adequate finance to enable the company to continue in operational existence. Therefore, the directors consider it appropriate to prepare the financial statements on the going concern basis.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 3

 
BOATH HIGHLANDS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Motor vehicles
-
25%
Fixtures and fittings
-
25%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 4

 
BOATH HIGHLANDS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the year was 30 (2023 - 26).


4.


Tangible fixed assets





Motor vehicles
Fixtures and fittings
Total

£
£
£



Cost or valuation


At 1 April 2023
4,500
-
4,500


Additions
-
24,132
24,132



At 31 March 2024

4,500
24,132
28,632



Depreciation


At 1 April 2023
1,313
-
1,313


Charge for the year on owned assets
1,125
5,862
6,987



At 31 March 2024

2,438
5,862
8,300



Net book value



At 31 March 2024
2,062
18,270
20,332



At 31 March 2023
3,188
-
3,188

Page 5

 
BOATH HIGHLANDS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Stocks

2024
2023
£
£

Stock of goods
13,011
11,266

13,011
11,266



6.


Debtors

2024
2023
£
£


Trade debtors
744
744

Amounts owed by associated undertakings
-
5,333

Other debtors
15,468
2,989

Prepayments and accrued income
48,885
29,617

65,097
38,683



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
1,324
28,150

1,324
28,150



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
89,497
82,674

Amounts owed to parent company
115,298
-

Amounts owed to associates
593
400

Other taxation and social security
102,385
43,764

Other creditors
48,851
4,968

Accruals and deferred income
11,982
15,395

368,606
147,201


Page 6

 
BOATH HIGHLANDS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Other loans
611,899
476,700

611,899
476,700



10.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£




Amounts falling due after more than 5 years

Other loans
611,899
476,700

611,899
476,700

611,899
476,700



11.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 1) Ordinary shares of £1.00 each
100
1


 99  Ordinary shares of £1 each were issued in the year.


12.


Related party transactions

Included in these accounts are the following balances with companies related to the directors.                 
1. Cabin Studio Holdings Ltd         £115,298 Cr  
2 Sessions Arts Club Ltd            £593 Cr
3.  Cabin Highlands Ltd  £611,899 Cr

 
Page 7