Company registration number 15216126 (England and Wales)
Boot Room Ventures Limited
Financial Statements
For the period ended
31 March 2025
Pages for filing with registrar
Boot Room Ventures Limited
Contents
Page
Company information
1
Statement of financial position
2
Statement of changes in equity
3
Notes to the financial statements
4 - 6
Boot Room Ventures Limited
Company Information
- 1 -
Directors
B. Fogarty
S. Fogarty
Company number
15216126
Registered office
53 Pilgrims Way
Bisley
Surrey
GU24 9DQ
Accountants
Dixcart International Limited
Chartered Accountants
Dixcart House
Addlestone Road
Bourne Business Park
Addlestone
Surrey
KT15 2LE
Boot Room Ventures Limited
Statement Of Financial Position
As at 31 March 2025
- 2 -
2025
Notes
£
£
Fixed assets
Investments
4
5
Current assets
Debtors
5
26
Creditors: amounts falling due within one year
6
(4,333)
Net current liabilities
(4,307)
Net liabilities
(4,302)
Capital and reserves
Called up share capital
2
Profit and loss reserves
(4,304)
Total equity
(4,302)
The notes on pages 4 to 6 form part of these financial statements.
For the financial period ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors of the company have elected not to include a copy of the income statement within the financial statements.true
The financial statements were approved by the board of directors and authorised for issue on 14 July 2025 and are signed on its behalf by:
B. Fogarty
Director
Company registration number 15216126 (England and Wales)
Boot Room Ventures Limited
Statement Of Changes In Equity
For the period ended 31 March 2025
- 3 -
Share capital
Profit and loss reserves
Total
Notes
£
£
£
Period ended 31 March 2025:
Loss and total comprehensive income
-
(4,304)
(4,304)
Issue of share capital
2
-
2
Balance at 31 March 2025
2
(4,304)
(4,302)
The notes on pages 4 to 6 form part of these financial statements.
Boot Room Ventures Limited
Notes To The Financial Statements
For the period ended 31 March 2025
- 4 -
1
General information
Boot Room Ventures Limited is a private company limited by shares incorporated in England and Wales. The registered office is 53 Pilgrims Way, Bisley, Surrey, GU24 9DQ.
The company changed its name from CX Code Labs Limited to Punk Software limited on 23 October 2023 and from Punk Software Limited to Boot Room Ventures Limited on 23 January 2024.
2
Accounting policies
2.1
Reporting period
The financial statements present information for the period from incorporation on 17 October 2023 to 31 March 2025.
2.2
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention,. The principal accounting policies adopted are set out below.
2.3
Going concern
Atruet the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.
2.4
Fixed asset investments
Interests in subsidiaries and associates are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.
A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.
An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.
2.5
Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand.
2.6
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Boot Room Ventures Limited
Notes To The Financial Statements (Continued)
For the period ended 31 March 2025
2
Accounting policies
(Continued)
- 5 -
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price. Financial assets classified as receivable within one year are not amortised.
Basic financial liabilities
Basic financial liabilities, including creditors are initially recognised at transaction price. Financial liabilities classified as payable within one year are not amortised.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities.
2.7
Taxation
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
3
Employees
The company employed no persons during the current reporting period.
4
Fixed asset investments
2025
£
Shares in group undertakings and participating interests
5
Movements in fixed asset investments
Shares in associates
£
Cost or valuation
At 17 October 2023
-
Additions
5
At 31 March 2025
5
Carrying amount
At 31 March 2025
5
5
Debtors
2025
Amounts falling due within one year:
£
Other debtors
26
Boot Room Ventures Limited
Notes To The Financial Statements (Continued)
For the period ended 31 March 2025
- 6 -
6
Creditors: amounts falling due within one year
2025
£
Amounts owed to group undertakings
5
Other creditors
1,978
Accruals and deferred income
2,350
4,333