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REGISTERED NUMBER: 13547376 (England and Wales)






























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

BOSS HOLDINGS (LEICESTER) LIMITED

BOSS HOLDINGS (LEICESTER) LIMITED (REGISTERED NUMBER: 13547376)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BOSS HOLDINGS (LEICESTER) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: Miss N Ashfaq
Mr V Rayarel





REGISTERED OFFICE: Granville Hall
Granville Road
Leicester
Leicestershire
LE1 7RU





REGISTERED NUMBER: 13547376 (England and Wales)

BOSS HOLDINGS (LEICESTER) LIMITED (REGISTERED NUMBER: 13547376)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,536,773 1,470,000
Investments 5 100 100
1,536,873 1,470,100

CURRENT ASSETS
Debtors 6 9,136 32,336
Cash at bank 16,997 30,776
26,133 63,112
CREDITORS
Amounts falling due within one year 7 77,577 46,591
NET CURRENT (LIABILITIES)/ASSETS (51,444 ) 16,521
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,485,429

1,486,621

CREDITORS
Amounts falling due after more than one
year

8

(509,837

)

(680,499

)

PROVISIONS FOR LIABILITIES 10 (61,015 ) (61,015 )
NET ASSETS 914,577 745,107

CAPITAL AND RESERVES
Called up share capital 11 200 200
Revaluation reserve 12 199,521 210,402
Retained earnings 12 714,856 534,505
SHAREHOLDERS' FUNDS 914,577 745,107

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.

BOSS HOLDINGS (LEICESTER) LIMITED (REGISTERED NUMBER: 13547376)

BALANCE SHEET - continued
31 DECEMBER 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 Board of Directors and authorised for issue on 30 July 2025 and were signed on its behalf by:




Miss N Ashfaq - Director



Mr V Rayarel - Director


BOSS HOLDINGS (LEICESTER) LIMITED (REGISTERED NUMBER: 13547376)

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


1. STATUTORY INFORMATION

Boss Holdings (Leicester) 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

Preparation of consolidated financial statements
The financial statements contain information about Boss Holdings (Leicester) Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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

The revenue generated relates to the rental of the freehold property and this is recognised over the period to which it relates.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost of buildings

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.


BOSS HOLDINGS (LEICESTER) LIMITED (REGISTERED NUMBER: 13547376)

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


2. ACCOUNTING POLICIES - continued
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.

Creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST OR VALUATION
At 1 January 2024 1,500,000
Additions 98,748
At 31 December 2024 1,598,748
DEPRECIATION
At 1 January 2024 30,000
Charge for year 31,975
At 31 December 2024 61,975
NET BOOK VALUE
At 31 December 2024 1,536,773
At 31 December 2023 1,470,000

Included in cost or valuation of land and buildings is freehold land of £ 375,000 (2023 - £ 375,000 ) which is not depreciated.

BOSS HOLDINGS (LEICESTER) LIMITED (REGISTERED NUMBER: 13547376)

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


4. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 31 December 2024 is represented by:

Freehold
property
£   
Valuation in 2022 1,500,000
Cost 98,748
1,598,748

If the freehold property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 1,255,939 1,255,939
Aggregate depreciation 63,357 38,238

Value of land in freehold land and buildings 375,000 375,000

The freehold property was valued on an open market basis on 31 October 2022 by PG Tew FRICS of Peter Tew and Company .

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2024
and 31 December 2024 100
NET BOOK VALUE
At 31 December 2024 100
At 31 December 2023 100

The company's investments at the Balance Sheet date in the share capital of companies include the following:

VPAC Packaging Leicester Limited
Registered office: Granville Hall, Granville Road, Leicester, LE1 7RU
Nature of business: Packaging company
%
Class of shares: holding
Ordinary 100.00

BOSS HOLDINGS (LEICESTER) LIMITED (REGISTERED NUMBER: 13547376)

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


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 9,136 4,172
Other debtors - 28,164
9,136 32,336

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 30,000 30,000
Taxation and social security 20,883 14,591
Other creditors 26,694 2,000
77,577 46,591

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 509,837 680,499

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years
by instalment 389,837 560,499
389,837 560,499

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 539,837 710,499

The bank loan is secured against the asset to which it relates.

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Taxation on revaluation 61,015 61,015

BOSS HOLDINGS (LEICESTER) LIMITED (REGISTERED NUMBER: 13547376)

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


10. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 January 2024 61,015
Movement
Balance at 31 December 2024 61,015

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
200 Ordinary £1 200 200

12. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 January 2024 534,505 210,402 744,907
Profit for the year 323,470 323,470
Dividends (154,000 ) (154,000 )
Transfer to P & L account - (10,881 ) (10,881 )
Revaluation in the year 10,881 - 10,881
At 31 December 2024 714,856 199,521 914,377

13. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2024 2023
£    £   
Miss N Ashfaq
Balance outstanding at start of year 27,365 (289,747 )
Amounts advanced 92,853 397,112
Amounts repaid (120,218 ) (80,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 27,365

BOSS HOLDINGS (LEICESTER) LIMITED (REGISTERED NUMBER: 13547376)

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


13. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

Mr V Rayarel
Balance outstanding at start of year 799 -
Amounts advanced 409 799
Amounts repaid (1,208 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 799

The loan was repaid in full on the 31 December 2024.