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REGISTERED NUMBER: 14099239 (England and Wales)















Boost Property Management Limited

Unaudited Financial Statements for the Year Ended 31 May 2024






Boost Property Management Limited (Registered number: 14099239)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Boost Property Management Limited

Company Information
for the Year Ended 31 May 2024







DIRECTOR: L M Cooper





REGISTERED OFFICE: 63 Nelson Avenue
Minster On Sea
Sheerness
Kent
ME12 3SF





REGISTERED NUMBER: 14099239 (England and Wales)





ACCOUNTANTS: Aggarwal & Co Limited
Chartered Accountants
5 London Road
Rainham
Gillingham
Kent
ME8 7RG

Boost Property Management Limited (Registered number: 14099239)

Statement of Financial Position
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 329,327 329,327

CURRENT ASSETS
Debtors 5 1,909 2,112
Cash at bank 21,961 1,136
23,870 3,248
CREDITORS
Amounts falling due within one year 6 117,989 97,487
NET CURRENT LIABILITIES (94,119 ) (94,239 )
TOTAL ASSETS LESS CURRENT LIABILITIES 235,208 235,088

CREDITORS
Amounts falling due after more than one
year

7

237,245

237,245
NET LIABILITIES (2,037 ) (2,157 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (2,137 ) (2,257 )
(2,037 ) (2,157 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 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.

Boost Property Management Limited (Registered number: 14099239)

Statement of Financial Position - continued
31 May 2024


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 26 November 2024 and were signed by:





L M Cooper - Director


Boost Property Management Limited (Registered number: 14099239)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Boost Property Management 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

At the year end the company had net liabilities of £2,037. Included within creditors is an amount of £93,349 owed to the director.
The company is dependent on the financial support of its director, who has continued to provide this support since the year end. The director has confirmed that he will not withdraw the sums due to himself until there are sufficient funds to do so.
On this basis, the director considers it appropriate to prepare the financial statements on the going concern basis.

Income recognition
Income represents rents receivable.

Investment property
Investment property is included at fair value. Gains are recognised in the income statement and shown in a fair value reserve. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Financial instruments
The Company enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties.

Basic financial instruments are recognised at amortised cost, with changes recognised in the income statement.

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 statement of financial position date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

Boost Property Management Limited (Registered number: 14099239)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2023
and 31 May 2024 329,327
NET BOOK VALUE
At 31 May 2024 329,327
At 31 May 2023 329,327

Investment property is valued by the director on 31 May 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 1,909 2,112

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other creditors 117,989 97,487

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 237,245 237,245

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 237,245 237,245

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Mortgage 237,245 237,245

The bank mortgage loan is secured by a legal charge with negative pledge over the property of the company.