REGISTERED NUMBER: 12323194 (England and Wales)

BOOMSLANG INVESTMENTS LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

B E James

REGISTERED OFFICE:

Central Chambers

45-47 Albert Street

Rugby

Warwickshire

CV21 2SG

REGISTERED NUMBER:

12323194 (England and Wales)

ACCOUNTANTS:

Atkinson Finch & Co

Chartered Accountants

Central Chambers

45-47 Albert Street

Rugby

Warwickshire

CV21 2SG

FIXED ASSETS

Tangible assets

4

83,925

121,795

Investments

5

1,788,288

835,627

Investment property

6

10,076,040

10,061,791

11,948,253

11,019,213

CURRENT ASSETS

Debtors

7

85,186

51,849

Cash at bank and in hand

162,651

94,945

247,837

146,794

CREDITORS

Amounts falling due within one year

8

6,119,207

5,281,622

NET CURRENT LIABILITIES

(5,871,370

)

(5,134,828

)

TOTAL ASSETS LESS CURRENT LIABILITIES

6,076,883

5,884,385

PROVISIONS FOR LIABILITIES

30,177

39,644

NET ASSETS

6,046,706

5,844,741

CAPITAL AND RESERVES

Called up share capital

200

200

Share premium

5,090,000

5,090,000

Retained earnings

956,506

754,541

SHAREHOLDERS' FUNDS

6,046,706

5,844,741

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 23rd September 2025 and were signed by:

B E James - Director

1.	STATUTORY INFORMATION

Boomslang Investments 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.

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.

Significant judgements and estimates

There are no significant judgements that have a material effect on the accounts nor any accounting estimates that have a high risk of causing a material adjustment in a future accounting period.

Turnover

Turnover represents rents receivable from investment properties and assets, exclusive of value added tax.

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

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

20% on reducing balance

Computer equipment

-

20% on reducing balance

Investment property

Investment property is carried at fair value. Revaluation surpluses or deficits are recognised in the income statement. Deferred taxation is provided on these gains and the net of revaluation and deferred tax movement transferred to a fair value reserve.

The director reviews the property portfolio each year and adjust the carrying values where he believes that there is a material adjustment to the previous year.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1st January 2024

189,037

5,242

19,979

10,956

225,214

Additions

5,645

308

-

11,341

17,294

Disposals

(49,779

)

-

-

(1,061

)

(50,840

)

At 31st December 2024

144,903

5,550

19,979

21,236

191,668

DEPRECIATION

At 1st January 2024

85,308

2,565

9,750

5,796

103,419

Charge for year

15,122

597

2,046

3,216

20,981

Eliminated on disposal

(16,020

)

-

-

(637

)

(16,657

)

At 31st December 2024

84,410

3,162

11,796

8,375

107,743

NET BOOK VALUE

At 31st December 2024

60,493

2,388

8,183

12,861

83,925

At 31st December 2023

103,729

2,677

10,229

5,160

121,795

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1st January 2024

835,627

Additions

952,661

At 31st December 2024

1,788,288

NET BOOK VALUE

At 31st December 2024

1,788,288

At 31st December 2023

835,627

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st January 2024

10,061,791

Additions

14,249

At 31st December 2024

10,076,040

NET BOOK VALUE

At 31st December 2024

10,076,040

At 31st December 2023

10,061,791

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

55,051

39,401

Prepayments

30,135

12,448

85,186

51,849

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

21,053

5,344

Corporation tax payable

76,469

94,062

Social security and other taxes

29,274

29,128

Other creditors

44,980

5,000

Directors' current accounts

5,846,401

5,046,107

Accrued expenses

101,030

101,981

6,119,207

5,281,622