Company Registration No. NI609585 (Northern Ireland)
Boyd Estates Limited
Unaudited accounts
for the year ended 31 December 2024
Boyd Estates Limited
Statement of financial position
as at 31 December 2024
Investments
125,100
125,100
Cash at bank and in hand
156
219
Creditors: amounts falling due within one year
(797,406)
(846,805)
Net current assets
12,560
13,224
Net assets
137,660
138,324
Called up share capital
100
100
Profit and loss account
137,560
138,224
Shareholders' funds
137,660
138,324
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 23 September 2025 and were signed on its behalf by
Creighton Boyd
Director
Company Registration No. NI609585
Boyd Estates Limited
Notes to the Accounts
for the year ended 31 December 2024
Boyd Estates Limited is a private company, limited by shares, registered in Northern Ireland, registration number NI609585. The registered office is 13 Main Street, Hillsborough, County Down, BT26 6AE, Northern Ireland.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
These accounts have been prepared under the historical cost convention unless otherwise specified within these accounting policies.
The accounts are presented in £ sterling.
Having reviewed the resources available the director believes that Boyd Estates Limited has adequate resources available to enable it to continue in operational existence for a period of at least 12 months from the date of approval of the financial statements. Accordingly, the company continues to adopt the going concern basis in the preparation of its financial statements.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Fixed asset investments are measured at cost less accumulated impairment.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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Investments
Other investments
Valuation at 1 January 2024
125,100
Valuation at 31 December 2024
125,100
Fixed asset investments is comprised of equity shareholdings in the following companies:
HBC Investments (23 Charlotte Road) Ltd (25%)
Neptune Moygashel Limited (50%)
Neptune Estates Limited (50%)
Boyd Estates Limited
Notes to the Accounts
for the year ended 31 December 2024
Amounts falling due within one year
Amounts due from group undertakings etc.
9,810
9,810
Accrued income and prepayments
-
50,000
Other debtors
800,000
800,000
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Creditors: amounts falling due within one year
2024
2023
Trade creditors
2,052
1,908
Amounts owed to group undertakings and other participating interests
380,819
366,671
Loans from directors
413,089
477,236
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
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Transactions with related parties
Included in debtors are amounts due from connected companies £9,810 (2023: £9,810).
Included within creditors are amounts due to connected companies of £380,819 (2023: £366,671) and loans from directors of £413,089 (2023: £477,236). All amounts due are unsecured, interest-free and repayable on demand.
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Average number of employees
During the year the average number of employees was 0 (2023: 0).