IRIS Accounts Production v25.2.0.378 01582674 director 1.1.24 31.12.24 31.12.24 false true false false true false Fair value model Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh015826742023-12-31015826742024-12-31015826742024-01-012024-12-31015826742022-12-31015826742023-01-012023-12-31015826742023-12-3101582674ns15:EnglandWales2024-01-012024-12-3101582674ns14:PoundSterling2024-01-012024-12-3101582674ns10:Director12024-01-012024-12-3101582674ns10:PrivateLimitedCompanyLtd2024-01-012024-12-3101582674ns10:SmallEntities2024-01-012024-12-3101582674ns10:AuditExempt-NoAccountantsReport2024-01-012024-12-3101582674ns10:SmallCompaniesRegimeForDirectorsReport2024-01-012024-12-3101582674ns10:SmallCompaniesRegimeForAccounts2024-01-012024-12-3101582674ns10:FullAccounts2024-01-012024-12-3101582674ns10:OrdinaryShareClass12024-01-012024-12-3101582674ns10:CompanySecretary12024-01-012024-12-3101582674ns10:RegisteredOffice2024-01-012024-12-3101582674ns5:CurrentFinancialInstruments2024-12-3101582674ns5:CurrentFinancialInstruments2023-12-3101582674ns5:Non-currentFinancialInstruments2024-12-3101582674ns5:Non-currentFinancialInstruments2023-12-3101582674ns5:ShareCapital2024-12-3101582674ns5:ShareCapital2023-12-3101582674ns5:RevaluationReserve2024-12-3101582674ns5:RevaluationReserve2023-12-3101582674ns5:RetainedEarningsAccumulatedLosses2024-12-3101582674ns5:RetainedEarningsAccumulatedLosses2023-12-3101582674ns5:PlantMachinery2024-01-012024-12-3101582674ns5:PlantMachinery2023-12-3101582674ns5:PlantMachinery2024-12-3101582674ns5:PlantMachinery2023-12-3101582674ns5:WithinOneYearns5:CurrentFinancialInstruments2024-12-3101582674ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-3101582674ns5:Non-currentFinancialInstrumentsns5:AfterOneYear2024-12-3101582674ns5:Non-currentFinancialInstrumentsns5:AfterOneYear2023-12-3101582674ns5:Secured2024-12-3101582674ns5:Secured2023-12-3101582674ns10:OrdinaryShareClass12024-12-3101582674ns5:RetainedEarningsAccumulatedLosses2023-12-3101582674ns5:RevaluationReserve2023-12-3101582674ns5:RetainedEarningsAccumulatedLosses2024-01-012024-12-31
REGISTERED NUMBER: 01582674 (England and Wales)















CENTRAL CHAMBERS (BOSTON) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024






CENTRAL CHAMBERS (BOSTON) LIMITED (REGISTERED NUMBER: 01582674)






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




Page

Company Information 1

Statement of Financial Position 2 to 3

Notes to the Financial Statements 4 to 7


CENTRAL CHAMBERS (BOSTON) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTOR: Mrs C A Baxter





SECRETARY: R A Baxter





REGISTERED OFFICE: 5 Resolution Close
Endeavour Park
Boston
Lincolnshire
PE21 7TT





REGISTERED NUMBER: 01582674 (England and Wales)





ACCOUNTANTS: Duncan & Toplis Limited
5 Resolution Close
Endeavour Park
Boston
Lincolnshire
PE21 7TT

CENTRAL CHAMBERS (BOSTON) LIMITED (REGISTERED NUMBER: 01582674)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 444 649
Investment property 5 300,000 300,000
300,444 300,649

CURRENT ASSETS
Debtors 6 171,855 171,388
Cash at bank 392 716
172,247 172,104
CREDITORS
Amounts falling due within one year 7 7,894 12,301
NET CURRENT ASSETS 164,353 159,803
TOTAL ASSETS LESS CURRENT LIABILITIES 464,797 460,452

CREDITORS
Amounts falling due after more than one year 8 (16,162 ) (18,019 )

PROVISIONS FOR LIABILITIES (14,234 ) (14,234 )
NET ASSETS 434,401 428,199

CAPITAL AND RESERVES
Called up share capital 10 1,000 1,000
Revaluation reserve 11 127,342 127,342
Retained earnings 11 306,059 299,857
SHAREHOLDERS' FUNDS 434,401 428,199

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 director acknowledges her 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.

CENTRAL CHAMBERS (BOSTON) LIMITED (REGISTERED NUMBER: 01582674)

STATEMENT OF FINANCIAL POSITION - 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 August 2025 and were signed by:





Mrs C A Baxter - Director


CENTRAL CHAMBERS (BOSTON) LIMITED (REGISTERED NUMBER: 01582674)

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

1. STATUTORY INFORMATION

Central Chambers (Boston) 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 (£).


The company's place of business is 37 Priory Road, Ruskington, Lincolnshire NG34 9DJ.

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.

Turnover
Turnover represents amounts received by the company in respect of property sales and for rent and service charges receivable.


Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost and 15% on reducing balance

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments
The company has chosen to adopt the FRS 102A in respect of financial instruments.

Basic financial assets, including trade and other debtors and cash and bank balances are initially recognised at transaction price, unless the arrangement constitute a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

At the end of each reporting period, financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in the income statement.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.


CENTRAL CHAMBERS (BOSTON) LIMITED (REGISTERED NUMBER: 01582674)

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

2. ACCOUNTING POLICIES - continued
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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2024
and 31 December 2024 885
DEPRECIATION
At 1 January 2024 236
Charge for year 205
At 31 December 2024 441
NET BOOK VALUE
At 31 December 2024 444
At 31 December 2023 649

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2024
and 31 December 2024 300,000
NET BOOK VALUE
At 31 December 2024 300,000
At 31 December 2023 300,000

CENTRAL CHAMBERS (BOSTON) LIMITED (REGISTERED NUMBER: 01582674)

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

5. INVESTMENT PROPERTY - continued

Included in fair value of investment property is freehold land of £ 71,827 (2023 - £ 71,827 ) which is not depreciated.

Fair value at 31 December 2024 is represented by:
£   
Valuation in 2017 300,000

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 158,769 158,769
Aggregate depreciation (38,236 ) (38,236 )

The investment properties were valued on an open market basis on 31 December 2017 by the director .

6. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Other debtors 136,887 136,420

Amounts falling due after more than one year:
Other debtors 34,968 34,968

Aggregate amounts 171,855 171,388

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors - 1,215
Taxation and social security 1,578 1,732
Other creditors 6,316 9,354
7,894 12,301

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Other creditors 16,162 18,019

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5 years 5,946 9,117

CENTRAL CHAMBERS (BOSTON) LIMITED (REGISTERED NUMBER: 01582674)

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

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Other loans 18,017 19,607

The loan is secured on the investment properties held by the company.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1,000 Ordinary £1 1,000 1,000

11. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 January 2024 299,857 127,342 427,199
Profit for the year 6,202 - 6,202
At 31 December 2024 306,059 127,342 433,401