PTP Accounts Production v24.2.0.383 04135971 Board of Directors 1.4.23 31.3.24 31.3.24 0 0 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh041359712023-03-31041359712024-03-31041359712023-04-012024-03-31041359712022-03-31041359712022-04-012023-03-31041359712023-03-3104135971ns15:EnglandWales2023-04-012024-03-3104135971ns14:PoundSterling2023-04-012024-03-3104135971ns10:Director12023-04-012024-03-3104135971ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3104135971ns10:SmallEntities2023-04-012024-03-3104135971ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3104135971ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3104135971ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3104135971ns10:FullAccounts2023-04-012024-03-3104135971ns10:Director22023-04-012024-03-3104135971ns10:Director32023-04-012024-03-3104135971ns10:CompanySecretary12023-04-012024-03-3104135971ns10:RegisteredOffice2023-04-012024-03-3104135971ns5:CurrentFinancialInstruments2024-03-3104135971ns5:CurrentFinancialInstruments2023-03-3104135971ns5:Non-currentFinancialInstruments2024-03-3104135971ns5:Non-currentFinancialInstruments2023-03-3104135971ns5:ShareCapital2024-03-3104135971ns5:ShareCapital2023-03-3104135971ns5:RevaluationReserve2024-03-3104135971ns5:RevaluationReserve2023-03-3104135971ns5:RetainedEarningsAccumulatedLosses2024-03-3104135971ns5:RetainedEarningsAccumulatedLosses2023-03-3104135971ns5:CostValuation2023-03-3104135971ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3104135971ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3104135971ns5:Secured2024-03-3104135971ns5:Secured2023-03-31041359711ns10:Director12023-03-31041359711ns10:Director12022-03-31041359711ns10:Director12023-04-012024-03-31041359711ns10:Director12022-04-012023-03-31041359711ns10:Director12024-03-31041359711ns10:Director12023-03-31
REGISTERED NUMBER: 04135971 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Boxaero Limited

Boxaero Limited (Registered number: 04135971)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Boxaero Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: R A Eagle
T Eagle
D M Eagle





SECRETARY: T Eagle





REGISTERED OFFICE: Low Wood House Farm
Low Woods Lane
Belton
Loughborough
Leicestershire
LE12 9TR





REGISTERED NUMBER: 04135971 (England and Wales)





ACCOUNTANTS: DeMontfort Business Services Limited
22 DeMontfort Street
Leicester
Leicestershire
LE1 7GB

Boxaero Limited (Registered number: 04135971)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Investments 4 1,000 1,000
Investment property 5 1,909,655 1,909,655
1,910,655 1,910,655

CURRENT ASSETS
Debtors 6 139,097 131,152
Cash at bank 1,153 3,753
140,250 134,905
CREDITORS
Amounts falling due within one year 7 16,066 19,361
NET CURRENT ASSETS 124,184 115,544
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,034,839

2,026,199

CREDITORS
Amounts falling due after more than
one year

8

988,958

1,000,719
NET ASSETS 1,045,881 1,025,480

CAPITAL AND RESERVES
Called up share capital 8 8
Revaluation reserve 864,038 864,038
Retained earnings 181,835 161,434
SHAREHOLDERS' FUNDS 1,045,881 1,025,480

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.

Boxaero Limited (Registered number: 04135971)

Balance Sheet - continued
31 March 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 Board of Directors and authorised for issue on 31 December 2024 and were signed on its behalf by:





R A Eagle - Director


Boxaero Limited (Registered number: 04135971)

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

1. STATUTORY INFORMATION

Boxaero 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 NIL (2023 - NIL).

Boxaero Limited (Registered number: 04135971)

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

4. FIXED ASSET INVESTMENTS
Other
investment
£   
COST
At 1 April 2023
and 31 March 2024 1,000
NET BOOK VALUE
At 31 March 2024 1,000
At 31 March 2023 1,000

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 1,909,655
NET BOOK VALUE
At 31 March 2024 1,909,655
At 31 March 2023 1,909,655

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2010 240,442
Valuation in 2013 (139,349 )
Valuation in 2019 479,999
Valuation in 2022 393,354
Cost 935,209
1,909,655

If investment property had not been revalued it would have been included at the following historical cost:

31.3.24 31.3.23
£    £   
Cost 935,209 935,209

Investment property was valued on an open market basis on 31 March 2024 by the director .

Boxaero Limited (Registered number: 04135971)

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

6. DEBTORS
31.3.24 31.3.23
£    £   
Amounts falling due within one year:
Trade debtors 2,810 1,460
Other debtors 120,655 115,855
123,465 117,315

Amounts falling due after more than one year:
Amounts owed by group undertakings 15,632 13,837

Aggregate amounts 139,097 131,152

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 5,400 5,400
Trade creditors - 1,394
Taxation and social security 9,716 12,567
Other creditors 950 -
16,066 19,361

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans 803,813 815,574
Taxation and social security 185,145 185,145
988,958 1,000,719

9. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Bank loans 809,213 820,974

Boxaero Limited (Registered number: 04135971)

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

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
R A Eagle
Balance outstanding at start of year 115,855 113,635
Amounts advanced 26,650 6,910
Amounts repaid (11,350 ) (4,690 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 131,155 115,855