Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Financial Statements of
Boot Room Hospitality Limited
for the Period Ended 31 December 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Boot Room Hospitality Limited for the period ended 31 December 2024, which comprise the statement of comprehensive income, balance sheet, statement of changes in equity 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 at
https://www.icaew.com/regulation/a-z.

It is your duty to ensure that Boot Room Hospitality Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Boot Room Hospitality Limited. You consider that Boot Room Hospitality Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Boot Room Hospitality 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 accounts.

Use of our report

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

......................................

KSEG
Chartered Accountants
Belfry House
Champions Way
Hendon
London
NW4 1PX

30 September 2025

Boot Room Hospitality Limited

(Registration number: 15529393)
Balance Sheet as at 31 December 2024

	Note	2024 £
Fixed assets
Intangible assets	4	4,334
Current assets
Stock		25,000
Debtors	5	59,963
Cash at bank and in hand		143,544
		228,507
Creditors: Amounts falling due within one year	6	(166,190)
Net current assets		62,317
Net assets		66,651
Capital and reserves
Called up share capital	7	1,000
Profit and loss account		65,651
Shareholders' funds		66,651

For the financial period ended 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 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 Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006. The statement of comprehensive income and the directors' report are not delivered to the Registrar of Companies in accordance with the special provisions applicable to small companies subject to the small companies regime.

Approved and authorised by the Board on 30 September 2025 and signed on its behalf by:
 

......................................... J P W Wray Director

Boot Room Hospitality Limited

Notes to the Unaudited Financial Statements for the Period from 28 February 2024 to 31 December 2024

1	General information

The company is a private company limited by share capital, incorporated in England. The registered office address is shown on page 1.

These financial statements were authorised for issue by the Board on 30 September 2025.

2	Accounting policies

Statement of compliance

These financial statements, which are the company's first financial statements, have been prepared in accordance with Financial Reporting Standard 102 Section 1A Small Entities and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

Summary of significant accounting policies

The principal accounting policies applied in the preparation of these financial statements are set out below.

Disclosure of long or short period

This is the company's first accounting period and has been shortened to represent 10 months to 31 December 2024.

Turnover

Turnover represents income earned, net of value added tax, in respect of events that have taken place during the period.

Tax

The tax expense for the year comprises current and deferred tax, where applicable. Tax is recognised in profit or loss, except that a charge attributable to an item of income or expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The company's liability for current tax is calculated using tax rates and laws that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that the recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against suitable future taxable profits.

Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the end of the reporting date and that they are expected to apply to the reversal of the timing difference.

Current and deferred tax assets and liabilities are not discounted.

Boot Room Hospitality Limited

Notes to the Unaudited Financial Statements for the Period from 28 February 2024 to 31 December 2024

2	Accounting policies (continued)

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer's interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight line basis to the profit and loss account over its useful economic life.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Asset life
Goodwill	5 years
Domain names	5 years

Stock

Stock is valued at the lower of cost and net realisable value. Cost is determined using the first in, first out (FIFO) method. Net realisable value is based on estimated selling price.

Financial instruments

Financial liabilities and equity are classified according to the substance of the financial instrument's contractual obligations, rather than its legal form.

 The company's cash at bank and in hand, trade and other debtors, trade and other creditors are measured initially at transaction price, and subsequently at amortised cost using the effective interest method, where appropriate.

Cash at bank and in hand

This comprises cash at bank and in hand.

Trade debtors

Trade debtors are amounts due from customers for table package sales, sponsorship and other income for the events.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Pensions

Contributions to the company's defined contribution pension scheme, being the Workplace Pension contributions, are charged to profit or loss in the year they are payable. The assets of the scheme are held separately from those of the company in an independently administered fund.

Boot Room Hospitality Limited

Notes to the Unaudited Financial Statements for the Period from 28 February 2024 to 31 December 2024

3	Employees and directors information

The company had no employees and 2 directors during the period.

4	Intangible assets

	Domain names  £	Goodwill  £	Total £
Cost
Additions in the period	2,500	2,500	5,000
At 31 December 2024	2,500	2,500	5,000
Amortisation
Charge for the period	333	333	666
At 31 December 2024	333	333	666
Carrying amount
At 31 December 2024	2,167	2,167	4,334

5

Debtors

	2024 £
Trade debtors	13,152
Prepayments	40,875
Accrued income	2,569
VAT reclaim	3,367
	59,963

6	Creditors: amounts falling due within one year

	2024 £
Trade creditors	4,314
Directors' loans	125,000
Taxation and social security	1,391
Corporation tax	21,185
Accruals	10,000
Deferred income	2,500
Other creditors	1,800
	166,190

Boot Room Hospitality Limited

Notes to the Unaudited Financial Statements for the Period from 28 February 2024 to 31 December 2024

7	Share capital

Allotted, called up and fully paid shares

	2024
	No.	£
Ordinary shares of £1 each	1,000	1,000

8	Related party transactions

Loans from related parties

2024	Directors £
Advances during the period	125,000
At end of period	125,000

Terms of loans from related parties

Loans from directors are unsecured, interest free and repayable on demand.
 

9

Control

At 31 December 2024, there was no controlling party as no shareholder has more than 50% beneficial holding in the company.

10	Post balance sheet events

After the balance sheet date, the company alloted 1,134 Ordinary shares of £1 each for £125,000 and as a result, J P W Wray became the controlling party of the company.