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COMPANY REGISTRATION NUMBER: 07716203

BOS2 Manchester Limited

Filleted Unaudited Financial Statements

31 August 2024

BOS2 Manchester Limited

Statement of Financial Position

31 August 2024

| 31 Aug 24 | 30 Jun 23
Note | £ | £

Fixed assets

Tangible assets | 4 | 6,600,497 | 6,581,295
Investments | 5 | 76 | 76
| -------------- | --------------
| 6,600,573 | 6,581,371

Current assets

Debtors | 6 | 245,534 | 1,579,882
Cash at bank and in hand | 50 | 14,234
| ----------- | --------------
| 245,584 | 1,594,116

Creditors: amounts falling due within one year | 7 | 16,099 | 30,916
| ----------- | --------------
Net current assets | 229,485 | 1,563,200
| -------------- | --------------
Total assets less current liabilities | 6,830,058 | 8,144,571

Creditors: amounts falling due after more than one year | 8 | 5,442,318 | 6,805,851
| -------------- | --------------
Net assets | 1,387,740 | 1,338,720
| -------------- | --------------

Capital and reserves

Called up share capital | 2 | 2
Profit and loss account | 1,387,738 | 1,338,718
| -------------- | --------------
Shareholders funds | 1,387,740 | 1,338,720
| -------------- | --------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the period ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- 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 Act with respect to accounting records and the preparation of financial statements .

BOS2 Manchester Limited

Statement of Financial Position (continued)

31 August 2024
These financial statements were approved by the board of directors and authorised for issue on 30 August 2025 , and are signed on behalf of the board by:

Mr A Zolghadriha
Director

Company registration number: 07716203

BOS2 Manchester Limited

Notes to the Financial Statements

Period from 1 July 2023 to 31 August 2024
1. General information
The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties. Debt instruments (other than those wholly repayable or receivable within one year), including loans and other debtors and creditors, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade creditors or debtors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration, expected to be paid or or received. For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the Balance Sheet date. Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

| Fixtures and fittings | - | 25% straight line

Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Investments in associates
Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.
Investments in joint ventures
Investments in jointly controlled entities accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in jointly controlled entities accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the joint venture arising before or after the date of acquisition.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Financial instruments
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship (see hedge accounting policy). Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Tangible assets

| Freehold property | Plant and machinery | Fixtures and fittings | Total
| £ | £ | £ | £
Cost |  |  |  |
At 1 July 2023 | 6,579,403 | 500 | 1,724 | 6,581,627
Additions | 86,041 | – | – | 86,041
Disposals | ( 66,462) | – | – | ( 66,462)
| -------------- | ----- | -------- | --------------
At 31 August 2024 | 6,598,982 | 500 | 1,724 | 6,601,206
| -------------- | ----- | -------- | --------------
Depreciation |  |  |  |
At 1 July 2023 | – | – | 332 | 332
Charge for the period | – | – | 377 | 377
| -------------- | ----- | -------- | --------------
At 31 August 2024 | – | – | 709 | 709
| -------------- | ----- | -------- | --------------
Carrying amount |  |  |  |
At 31 August 2024 | 6,598,982 | 500 | 1,015 | 6,600,497
| -------------- | ----- | -------- | --------------
At 30 June 2023 | 6,579,403 | 500 | 1,392 | 6,581,295
| -------------- | ----- | -------- | --------------

5. Investments

| Shares in group undertakings
| £
Cost |
At 1 July 2023 and 31 August 2024 | 76
| -----
Impairment |
At 1 July 2023 and 31 August 2024 | –
| -----

Carrying amount |
At 31 August 2024 | 76
| -----
At 30 June 2023 | 76
| -----

6. Debtors

| 31 Aug 24 | 30 Jun 23
| £ | £
Trade debtors | 500 | 500
Other debtors | 245,034 | 1,579,382
| ----------- | --------------
| 245,534 | 1,579,882
| ----------- | --------------

7. Creditors: amounts falling due within one year

| 31 Aug 24 | 30 Jun 23
| £ | £
Bank loans and overdrafts | 3,094 | –
Corporation tax | – | 679
Social security and other taxes | 13,005 | 30,237
| --------- | ---------
| 16,099 | 30,916
| --------- | ---------

8. Creditors: amounts falling due after more than one year

| 31 Aug 24 | 30 Jun 23
| £ | £
Bank loans and overdrafts | 5,212,111 | 6,591,181
Other creditors | 230,207 | 214,670
| -------------- | --------------
| 5,442,318 | 6,805,851
| -------------- | --------------

The company has consolidated debt by a new refinance package including associated company. The balance of long term finance is apportioned per associated company.
9. Financial instruments
The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties. Debt instruments (other than those wholly repayable or receivable within one year), including loans and other debtors and creditors, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade creditors or debtors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration, expected to be paid or or received. For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the Balance Sheet date. Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
10. Directors' advances, credits and guarantees
During the period the directors entered into the following advances and credits with the company:

| Balance brought forward and outstanding
| 31 Aug 24 | 30 Jun 23
| £ | £
Mr A Zolghadriha | ( 230,207) | ( 214,670)
| ----------- | -----------