Boston New Homes Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 14283238

Boston New Homes Limited

Filleted Unaudited Financial Statements

31 August 2024

Boston New Homes Limited

Statement of Financial Position

31 August 2024

	2024	2023
Note	£	£

Fixed assets

Tangible assets	5	2,359	–

Current assets

Stocks		4,469,686	131,536
Debtors	6	100,167	22,833
Cash at bank and in hand		10,299	–
		------------	---------
		4,580,152	154,369

Creditors: amounts falling due within one year	7	777,929	154,867
		------------	---------
Net current assets/(liabilities)		3,802,223	( 498)
		------------	----
Total assets less current liabilities		3,804,582	( 498)

Creditors: amounts falling due after more than one year	8	3,841,808	–
		------------	----
Net liabilities		( 37,226)	( 498)
		------------	----

Capital and reserves

Called up share capital	2	2
Profit and loss account	( 37,228)	( 500)
	--------	----
Shareholders deficit	( 37,226)	( 498)
	--------	----

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 comprehensive income has not been delivered.

For the year 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 year 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 .

Boston New Homes Limited

Statement of Financial Position (continued)

31 August 2024

These financial statements were approved by the board of directors and authorised for issue on 9 September 2025 , and are signed on behalf of the board by:

Mr M S Poonian	Mr A S Mahal
Director	Director

Company registration number: 14283238

Boston New Homes Limited

Notes to the Financial Statements

Year ended 31 August 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Kingsley Hall, Stretton Road, Great Glen, Leicester, LE8 9GP.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102 Section 1A, Small Entities of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006'.

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.

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.

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:

	Equipment	-	50% straight line

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

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, loans to related parties and investments in non-puttable ordinary shares. Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit and loss. 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.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2023: Nil).

5. Tangible assets

	Equipment
	£
Cost
At 1 September 2023	–
Additions	2,408
	-------
At 31 August 2024	2,408
	-------
Depreciation
At 1 September 2023	–
Charge for the year	49
	-------
At 31 August 2024	49
	-------
Carrying amount
At 31 August 2024	2,359
	-------
At 31 August 2023	–
	-------

6. Debtors

	2024	2023
	£	£
Other debtors	100,167	22,833
	---------	--------

7. Creditors: amounts falling due within one year

	2024	2023
	£	£
Trade creditors	695,077	154,367
Social security and other taxes	4,950	–
Other creditors	77,902	500
	---------	---------
	777,929	154,867
	---------	---------

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

	2024	2023
	£	£
Bank loans and overdrafts	3,327,919	–
Other creditors	513,889	–
	------------	----
	3,841,808	–
	------------	----

9. Directors' advances, credits and guarantees

At 31 August 2024, company owed £75,802 (2023: Nil) to the directors.

10. The ultimate controlling party

The company is controlled by the directors of the company.