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REGISTERED NUMBER: 10699886 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

BOXBUILD HOLDINGS LIMITED

BOXBUILD HOLDINGS LIMITED (Registered number: 10699886)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


BOXBUILD HOLDINGS LIMITED

Company Information
for the Year Ended 31 March 2024







DIRECTORS: R L Morgan
Mrs R J E Morgan





REGISTERED OFFICE: BLOC Hotels
South Terminal
London Gatwick Airport
Gatwick
West Sussex
RH6 0NN





REGISTERED NUMBER: 10699886 (England and Wales)





ACCOUNTANTS: Byrne & Company
Chartered Accountant
Suite 1532
26 Upper Pembroke Street
Dublin 2
IRELAND
D02 X361

BOXBUILD HOLDINGS LIMITED (Registered number: 10699886)

Balance Sheet
31 March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Investments 4 202,413 202,413
TOTAL ASSETS LESS CURRENT LIABILITIES 202,413 202,413

CAPITAL AND RESERVES
Called up share capital 5 33,001 33,001
Share premium 6 169,412 169,412
SHAREHOLDERS' FUNDS 202,413 202,413

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Board of Directors and authorised for issue on 20 January 2025 and were signed on its behalf by:





R L Morgan - Director


BOXBUILD HOLDINGS LIMITED (Registered number: 10699886)

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


1. STATUTORY INFORMATION

BOXBUILD HOLDINGS 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.

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.

Significant judgements and estimates
The directors consider the accounting estimates and assumptions below to be its critical accounting estimates and judgements:

Going Concern
The company's sole activity is as a holding company with one subsidiary. On this basis the directors consider it appropriate to prepare the financial statements on a going concern basis.

Fixed Asset Investments
Fixed asset investments in subsidiary undertakings are regularly reviewed by the directors and impairments to the carrying value recognised if necessary to reflect any estimated permanent reductions in value.
It is considered by the directors that the fair value of these shares cannot be measured reliably. These investments are measured at cost less impairment
The estimated realisable value of current asset investments at the financial year end date was £202,413 (31 March 2023: £202,413).

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Financial instruments
Share Capital of the Company

Ordinary Share Capital
The ordinary share capital of the company is presented as equity.

Cash and cash equivalents

Cash consists of cash on hand and demand deposits. Cash equivalents consist of short term highly liquid investments that are readily convertible to known amounts of cash that are subject to an insignificant risk of change in value.

Unlisted Investments
The company holds investments in unlisted non-puttable equity shares in a subsidiary undertaking. It is considered by the directors that the fair value of these shares cannot be measured reliably. These investments are measured at cost less impairment.

Impairment of financial assets
At the end of each reporting period, the company assesses whether there is objective evidence of impairment of any financial assets that are measured at cost or amortised cost, including unlisted investments, loans, trade debtors and cash. If there is objective evidence of impairment, impairment losses are recognised in the Profit and Loss account in that financial year.

Other financial assets

Other financial assets including trade debtors for goods or services sold to customers on short-term credit, are initially measured at the undiscounted amount of cash receivable from that customer, which is normally the invoice price, and are subsequently measured at amortised cost less impairment, where there is objective evidence of an impairment.

Loans and borrowings

All loans and borrowings, both assets and liabilities are initially recorded at the present value of cash payable to the lender in settlement of the liability discounted at the market interest rate. Subsequently loans and borrowings are stated at amortised cost using the effective interest rate method. The computation of amortised cost includes any issue costs, transaction costs and fees, and any discount or premium on settlement, and the effect of this is to amortise these amounts over the expected borrowing period. Loans with no stated interest rate and repayable within one year or on demand are not amortised. Loans and borrowings are classified as current assets or liabilities unless the borrower has an unconditional right to defer settlement of the liability for at least twelve months after the financial year end date.

Other financial liabilities

Trade creditors are measured at invoice price, unless payment is deferred beyond normal business terms or is financed at a rate of interest that is not a market rate. In this case the arrangement constitutes a financing transaction, and the financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.


BOXBUILD HOLDINGS LIMITED (Registered number: 10699886)

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


2. ACCOUNTING POLICIES - continued
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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2023
and 31 March 2024 202,413
NET BOOK VALUE
At 31 March 2024 202,413
At 31 March 2023 202,413

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Boxbuild Limited
Registered office: Bloc Hotels South Terminal, London Gatwick Airport, Gatwick, United Kingdom, RH6 0NN
Nature of business: Procurement services and technology R&D
%
Class of shares: holding
Ordinary 100.00
2024 2023
£    £   
Aggregate capital and reserves 204,943 (156,425 )
Profit for the year 361,368 6,547

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
110,000 Ordinary £0.00001 1 1
33,000,066 Ordinary £0.001 33,000 33,000
33,001 33,001

BOXBUILD HOLDINGS LIMITED (Registered number: 10699886)

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


6. RESERVES
Retained Share
earnings premium Totals
£    £    £   

At 1 April 2023 - 169,412 169,412
Profit for the year - -
At 31 March 2024 - 169,412 169,412

7. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Robert and Rebecca Morgan.