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Company No: 12864710 (England and Wales)

BOSS PRAA LIMITED

Unaudited Financial Statements
For the financial year ended 31 March 2024
Pages for filing with the registrar

BOSS PRAA LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2024

Contents

BOSS PRAA LIMITED

BALANCE SHEET

As at 31 March 2024
BOSS PRAA LIMITED

BALANCE SHEET (continued)

As at 31 March 2024
Note 2024 2023
£ £
Restated - note 2
Fixed assets
Investments 4 176,051 352,001
176,051 352,001
Current assets
Debtors 5 98,571 0
Cash at bank and in hand 83 10
98,654 10
Creditors: amounts falling due within one year 6 ( 344,219) ( 352,035)
Net current liabilities (245,565) (352,025)
Total assets less current liabilities (69,514) (24)
Net liabilities ( 69,514) ( 24)
Capital and reserves
Called-up share capital 7 125 125
Profit and loss account ( 69,639 ) ( 149 )
Total shareholders' deficit ( 69,514) ( 24)

For the financial year ending 31 March 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Boss Praa Limited (registered number: 12864710) were approved and authorised for issue by the Board of Directors on 24 March 2025. They were signed on its behalf by:

Mr L Burnard
Director
BOSS PRAA LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
BOSS PRAA LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Boss Praa Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is The Workshop Shute Lane, Porthleven, Helston, TR13 9HY, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Prior year adjustment

The 2023 financial statements have been restated to show the investment in subsidiaries which took place in August 2021 and October 2020. This has restated investments held in subsidiaries from £nil to £352,001, before the investment disposal which took place during the 2024 financial year.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Investments
Investments in ordinary shares of Subsidiary company are measured at fair value through the Statement of Income and Retained Earnings. Where fair value cannot be measured reliably, investments are measured at cost less impairment.

2. Prior year adjustment

The 2023 financial statements have been restated to show the investment in subsidiaries which took place in August 2021 and October 2020.

As previously reported Adjustment As restated
Year ended 31 March 2023 £ £ £
Investment in Subsidiaries 0 352,001 352,001
Intercompany creditors (159) (351,691) (351,850)
Director loan 125 (151) (26)
Other creditors 0 (159) (159)

3. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 0 0

4. Fixed asset investments

Investments in subsidiaries

2024
£
Cost
At 01 April 2023 352,001
Disposals ( 175,950)
Transfer to Associate (175,950)
At 31 March 2024 101
Carrying value at 31 March 2024 101
Carrying value at 31 March 2023 352,001

Investments in associates Total
£ £
Cost or valuation before impairment
At 01 April 2023 0 0
Transfer from Subsidiary 175,950 175,950
At 31 March 2024 175,950 175,950
Carrying value at 31 March 2024 175,950 175,950
Carrying value at 31 March 2023 0 0

Investments in shares

Name of entity Registered office Principal activity Class of
shares
Ownership
31.03.2024
Ownership
31.03.2023
Held
Praa Holdings Ltd The Workshop Shute Lane, Porthleven, Helston, Cornwall, United Kingdom, TR13 9HY Holiday and other collective accommodation Ordinary 100.00% 100.00% Direct
Basore Ltd The Workshop Shute Lane, Porthleven, Helston, Cornwall, United Kingdom, TR13 9HY Dormant Company Ordinary 100.00% 100.00% Direct
Reds Group Ltd The Workshop Shute Lane, Porthleven, Helston, Cornwall, United Kingdom, TR13 9HY Environmental consulting activities Ordinary 50.00% 100.00% Direct

5. Debtors

2024 2023
£ £
Amounts owed by Group undertakings 98,571 0

6. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 493 0
Amounts owed to Group undertakings 336,950 351,850
Other creditors 6,776 185
344,219 352,035

7. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
60 Ordinary A shares of £ 1.00 each 60 60
20 Ordinary B shares of £ 1.00 each 20 20
45 Ordinary C shares of £ 1.00 each 45 45
125 125

8. Related party transactions

Other related party transactions

2024 2023
£ £
PRAA Holdings Limited (336,850) (351,750)
REDS Group Ltd 98,571 (159)
Basore Ltd (100) (100)

During the year amounts owed to PRAA Holdings Limited by the company was £336,850 (31/03/2023 - £351,750).

During the year amounts owed by REDS Group Limited to the company was £98,571 (31/03/2023 - £-159).

During the year amounts owed to Basore Limited by the company was £100 (31/03/2023 - £100).