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REGISTERED NUMBER: 10754164 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

BOYD & PETERS LIMITED

BOYD & PETERS LIMITED (REGISTERED NUMBER: 10754164)

Contents of the Financial Statements
FOR THE YEAR ENDED 31 MAY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BOYD & PETERS LIMITED

Company Information
FOR THE YEAR ENDED 31 MAY 2024







DIRECTOR: P S Troniseck





SECRETARY: Ms S Khan





REGISTERED OFFICE: 73 Park Lane
Croydon
CR0 1JG





REGISTERED NUMBER: 10754164 (England and Wales)





ACCOUNTANTS: Owadally & King
Chartered Certified Accountants
73 Park Lane
Croydon
Surrey
CR0 1JG

BOYD & PETERS LIMITED (REGISTERED NUMBER: 10754164)

Balance Sheet
31 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 713,121 712,181
Investment property 5 572,079 -
1,285,200 712,181

CURRENT ASSETS
Debtors 6 236,195 542,045
Cash at bank and in hand 6,600 131,095
242,795 673,140
CREDITORS
Amounts falling due within one year 7 1,813,496 1,682,397
NET CURRENT LIABILITIES (1,570,701 ) (1,009,257 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(285,501

)

(297,076

)

CREDITORS
Amounts falling due after more than one
year

8

367,620

367,620
NET LIABILITIES (653,121 ) (664,696 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (653,221 ) (664,796 )
SHAREHOLDERS' FUNDS (653,121 ) (664,696 )

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.

BOYD & PETERS LIMITED (REGISTERED NUMBER: 10754164)

Balance Sheet - 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 19 March 2025 and were signed by:





P S Troniseck - Director


BOYD & PETERS LIMITED (REGISTERED NUMBER: 10754164)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 MAY 2024


1. STATUTORY INFORMATION

Boyd & Peters 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

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

BOYD & PETERS LIMITED (REGISTERED NUMBER: 10754164)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MAY 2024


4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 June 2023 706,275 32,818 739,093
Additions 6,846 - 6,846
At 31 May 2024 713,121 32,818 745,939
DEPRECIATION
At 1 June 2023 - 26,912 26,912
Charge for year - 5,906 5,906
At 31 May 2024 - 32,818 32,818
NET BOOK VALUE
At 31 May 2024 713,121 - 713,121
At 31 May 2023 706,275 5,906 712,181

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 572,079
At 31 May 2024 572,079
NET BOOK VALUE
At 31 May 2024 572,079

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 236,195 542,045

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other creditors 1,813,496 1,682,397

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 367,620 367,620

BOYD & PETERS LIMITED (REGISTERED NUMBER: 10754164)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MAY 2024


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2024 2023
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 367,620 367,620

9. ULTIMATE CONTROLLING PARTY

The controlling party is P S Troniseck.

10. GOING CONCERN

The accounts have been prepared on the going concern basis, on the understanding that the directors will support the company for the foreseeable future.