Boxcombe Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 01080024 (England and Wales)

Boxcombe Limited

Unaudited Financial Statements for the Year Ended 31 March 2025

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

to

4

Notes to the Financial Statements

5

to

7

DIRECTORS:

N V Turnbull

E E Turnbull

SECRETARY:

N V Turnbull

REGISTERED OFFICE:

The Old Vicarage

Church Way

East Claydon

Buckingham

Buckinghamshire

MK18 2ND

REGISTERED NUMBER:

01080024 (England and Wales)

ACCOUNTANTS:

Tearle & Carver Limited

Chandos House

School Lane

Buckingham

Buckinghamshire

MK18 1HD

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Boxcombe Limited for the year ended 31 March 2025 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Boxcombe Limited, as a body, in accordance with the terms of our engagement letter dated 1 July 2023. Our work has been undertaken solely to prepare for your approval the financial statements of Boxcombe Limited and state those matters that we have agreed to state to the Board of Directors of Boxcombe Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Boxcombe Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Boxcombe Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Boxcombe Limited. You consider that Boxcombe Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Boxcombe Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Tearle & Carver Limited

Chandos House

School Lane

Buckingham

Buckinghamshire

MK18 1HD

Date: .............................................

ASSETS

FIXED ASSETS

Tangible assets

3

-

Investments

4

295,632

CURRENT ASSETS

Debtors

5

-

300

Cash at bank

1,163

857

1,163

1,157

296,795

296,789

CAPITAL, RESERVES AND LIABILITIES

CAPITAL AND RESERVES

Called up share capital

12,000

Share premium

5,286

Revaluation reserve

6

(50,000

)

(50,000

)

Retained earnings

230,264

230,458

SHAREHOLDERS' FUNDS

197,550

197,744

CREDITORS

7

99,245

99,045

296,795

296,789

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 29 August 2025 and were signed on its behalf by:

N V Turnbull - Director

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

25% on 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.

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.

2.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

3.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 April 2024

1,228

Disposals

(592

)

At 31 March 2025

636

DEPRECIATION

At 1 April 2024

1,228

Eliminated on disposal

(592

)

At 31 March 2025

636

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

4.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 1 April 2024

and 31 March 2025

295,632

NET BOOK VALUE

At 31 March 2025

295,632

At 31 March 2024

295,632

Cost or valuation at 31 March 2025 is represented by:

Other

investments

£

Valuation in 2023

305,632

Valuation in 2024

(10,000

)

295,632

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

-

300

6.

RESERVES

Revaluation

reserve

£

At 1 April 2024

and 31 March 2025

(50,000

)

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade creditors

700

1,045

Other creditors

98,545

98,000

99,245

99,045

8.	RELATED PARTY DISCLOSURES

At the year end, the amount owed to Director Mr N Turnbull was £98,545 (2024: £98,000). This loan is unsecured, interest free and repayable on demand.

9.	ULTIMATE CONTROLLING PARTY

The controlling party is N V Turnbull.