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REGISTERED NUMBER: 11544895 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

BOSWELL PARK HOMES LIMITED

BOSWELL PARK HOMES LIMITED (REGISTERED NUMBER: 11544895)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


BOSWELL PARK HOMES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: H J Boswell
Mrs M J Boswell





REGISTERED OFFICE: C/O Galloways Accounting
The Mill Building
31-35 Chatsworth Road
Worthing
West Sussex
BN11 1LY





REGISTERED NUMBER: 11544895 (England and Wales)





ACCOUNTANTS: Galloways Accounting (Hove) Limited
15 West Street
Brighton
East Sussex
BN1 2RL

BOSWELL PARK HOMES LIMITED (REGISTERED NUMBER: 11544895)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 77,000 82,500
Tangible assets 5 193,495 157,213
270,495 239,713

CURRENT ASSETS
Stocks 6 98,027 175,618
Debtors 7 20,843 80,983
Cash at bank 43,141 69,925
162,011 326,526
CREDITORS
Amounts falling due within one year 8 168,167 196,655
NET CURRENT (LIABILITIES)/ASSETS (6,156 ) 129,871
TOTAL ASSETS LESS CURRENT LIABILITIES 264,339 369,584

CREDITORS
Amounts falling due after more than one year 9 (33,573 ) (12,571 )

PROVISIONS FOR LIABILITIES 11 (19,888 ) (10,818 )
NET ASSETS 210,878 346,195

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 210,876 346,193
SHAREHOLDERS' FUNDS 210,878 346,195

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

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 1 August 2025 and were signed on its behalf by:




H J Boswell - Director



Mrs M J Boswell - Director


BOSWELL PARK HOMES LIMITED (REGISTERED NUMBER: 11544895)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024


1. STATUTORY INFORMATION

Boswell Park Homes 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.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 1 ) .

BOSWELL PARK HOMES LIMITED (REGISTERED NUMBER: 11544895)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2024
and 31 December 2024 110,000
AMORTISATION
At 1 January 2024 27,500
Amortisation for year 5,500
At 31 December 2024 33,000
NET BOOK VALUE
At 31 December 2024 77,000
At 31 December 2023 82,500

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 January 2024 113,943 29,128 61,437 300 204,808
Additions - 47,177 582 - 47,759
At 31 December 2024 113,943 76,305 62,019 300 252,567
DEPRECIATION
At 1 January 2024 - 14,358 32,937 300 47,595
Charge for year - 7,142 4,335 - 11,477
At 31 December 2024 - 21,500 37,272 300 59,072
NET BOOK VALUE
At 31 December 2024 113,943 54,805 24,747 - 193,495
At 31 December 2023 113,943 14,770 28,500 - 157,213

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 January 2024 28,423
Additions 47,177
At 31 December 2024 75,600
DEPRECIATION
At 1 January 2024 13,871
Charge for year 7,098
At 31 December 2024 20,969
NET BOOK VALUE
At 31 December 2024 54,631
At 31 December 2023 14,552

6. STOCKS
2024 2023
£    £   
Stock of Lodges for Resale 98,027 175,618

BOSWELL PARK HOMES LIMITED (REGISTERED NUMBER: 11544895)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 17,331 74,460
Amounts owed by group undertakings 3,512 -
Directors' current accounts - 6,523
20,843 80,983

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 783 783
Hire purchase contracts 13,391 1,398
Rents Received in Advance 52,961 101,924
Credit Card Control 2,221 560
Sales Deposits Held 10,000 -
Amounts owed to group undertakings 51,849 42,417
Tax 17,885 41,368
Other creditors 11,500 -
Directors' current accounts 690 -
Accrued expenses 6,887 8,205
168,167 196,655

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 2-5 years 3,591 4,375
Hire purchase contracts 29,982 8,196
33,573 12,571

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 4,374 5,158

The Bounce Back Loan taken is in some part guaranteed by H M Government

11. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Deferred Tax Brought Forward 10,818 16,773
Deferred Tax Provision in Year 9,070 (5,955 )
19,888 10,818

Deferred
tax
£   
Balance at 1 January 2024 10,818
Provided during year 9,070
Accelerated Capital Allowances
Balance at 31 December 2024 19,888

BOSWELL PARK HOMES LIMITED (REGISTERED NUMBER: 11544895)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2024 2023
£    £   
H J Boswell
Balance outstanding at start of year 6,523 (61,919 )
Amounts advanced 139,701 200,307
Amounts repaid (150,914 ) (131,865 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (4,690 ) 6,523

This balance represented the maximum amount outstanding during the year and the loan is interest free and repayable on demand.

13. RELATED PARTY DISCLOSURES

During the year the company paid rent to the directors of £38,911 for the land the site occupies (2023: £29,469).

14. ULTIMATE CONTROLLING PARTY

The controlling party is H J Boswell.

This was by virtue of his holding of the issued share capital.