Company registration number 06304312 (England and Wales)
BOYD HOLDINGS (UK) LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024
PAGES FOR FILING WITH REGISTRAR
BOYD HOLDINGS (UK) LIMITED
CONTENTS
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 5
BOYD HOLDINGS (UK) LIMITED
STATEMENT OF FINANCIAL POSITION
AS AT
31 OCTOBER 2024
31 October 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
983,954
532,484
Investments
4
31,200
31,200
1,015,154
563,684
Current assets
Debtors
366,524
Cash at bank and in hand
31,847
23,801
31,847
390,325
Creditors: amounts falling due within one year
(120,211)
(26,444)
Net current (liabilities)/assets
(88,364)
363,881
Net assets
926,790
927,565
Capital and reserves
Called up share capital
5
31,200
31,200
Profit and loss reserves
895,590
896,365
Total equity
926,790
927,565
BOYD HOLDINGS (UK) LIMITED
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT
31 OCTOBER 2024
31 October 2024
- 2 -
For the financial year ended 31 October 2024 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 year 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.
In accordance with section 444 of the Companies Act 2006, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).
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 21 July 2025 and are signed on its behalf by:
Mr S M Boyd
Director
Company registration number 06304312 (England and Wales)
BOYD HOLDINGS (UK) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024
- 3 -
1
Accounting policies
Company information
Boyd Holdings (UK) Limited is a private company limited by shares incorporated in England and Wales. The registered office is 37 Williamson Way, Drakes Broughton, Pershore, Worcestershire, England, WR10 2FR.
1.1
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.
1.2
Turnover
Turnover represents management charges, exclusive of Value Added Tax. Turnover is recognised in the period to which it relates.
1.3
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Freehold land and buildings
over 50 years from 2007
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
1.4
Fixed asset investments
Investments in subsidiary undertakings are recognised at cost.
1.5
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.
BOYD HOLDINGS (UK) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2024
- 4 -
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
2
2
3
Tangible fixed assets
Total
£
Cost
At 1 November 2023
641,891
Additions
472,196
At 31 October 2024
1,114,087
Depreciation and impairment
At 1 November 2023
109,407
Depreciation charged in the year
20,726
At 31 October 2024
130,133
Carrying amount
At 31 October 2024
983,954
At 31 October 2023
532,484
4
Fixed asset investments
2024
2023
£
£
Shares in subsidiary companies
31,200
31,200
5
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
A Ordinary shares of £1 each
5,400
5,400
5,400
5,400
X Ordinary shares of £1 each
12,600
12,600
12,600
12,600
Y Ordinary shares of £1 each
3,000
3,000
3,000
3,000
21,000
21,000
21,000
21,000
BOYD HOLDINGS (UK) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2024
5
Called up share capital
(Continued)
- 5 -
2024
2023
2024
2023
Preference share capital
Number
Number
£
£
Issued and fully paid
Cumulative Preference shares of £1 each
10,200
10,200
10,200
10,200
Preference shares classified as equity
10,200
10,200
Total equity share capital
31,200
31,200
6
Related party transactions
Transactions with related parties
During the year the company received £50,000 (2023: £50,000) in rent, £120,000 (2023: £120,000) in management charges and £100,000 (2023: £100,000) of dividends from its wholly owned subsidiary, G and O Springs Limited. At the year end the amount owing from the company to the subsidiary was £109,652 (2023: owing from the subsidiary £366,524).
At the year end balances owing to the directors, which are interest free and unsecured and for which no terms of repayment have been agreed, totalled £4,931 (2023: £4,677).