Boston Securities Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: 02911777

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		427		1
Investment Properties	5		300,000		350,000

			300,427		350,001
CURRENT ASSETS
Cash at bank and in hand		9,900		9,452

		9,900		9,452
Creditors: Amounts Falling Due Within One Year	6	(120,773 )		(120,002 )

NET CURRENT ASSETS (LIABILITIES)			(110,873 )		(110,550 )

TOTAL ASSETS LESS CURRENT LIABILITIES			189,554		239,451

NET ASSETS			189,554		239,451

CAPITAL AND RESERVES
Called up share capital	7		100		100
Revaluation reserve	8		88,368		138,368
Capital redemption reserve			286,000		286,000
Profit and Loss Account			(184,914 )		(185,017 )

SHAREHOLDERS' FUNDS			189,554		239,451

Page 1

Page 2

Boston Securities Limited

Balance Sheet (continued)

As At 31 October 2024

For the year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Dr JH Mcginn

Director

17/10/2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Boston Securities Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02911777 . The registered office is Flat 3, 314 Oystermouth Road, Swansea, SA1 3UJ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fixtures & Fittings	15% on a straight line basis
Computer Equipment	3 years on a straight line basis

2.3. Investment Properties

All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2023: 1)

4. Tangible Assets

	Fixtures & Fittings	Computer Equipment	Total
	£	£	£
Cost or Valuation
As at 1 November 2023	28,905	-	28,905
Additions	-	529	529

As at 31 October 2024	28,905	529	29,434

Depreciation
As at 1 November 2023	28,904	-	28,904
Provided during the period	1	102	103

As at 31 October 2024	28,905	102	29,007

Net Book Value
As at 31 October 2024	-	427	427

As at 1 November 2023	1	-	1

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Boston Securities Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2024

5. Investment Property

	2024
	£
Fair Value
As at 1 November 2023	350,000
Fair value adjustments	(50,000 )

As at 31 October 2024	300,000

The investment property is included in the accounts at its open market value. The valuation was supplied by the director Dr JH McGinn. No deferred tax has been provided because there are sufficient losses available to set off against any gain made on disposal.

6. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Corporation tax	(876 )	-
Accruals and deferred income	960	960
Director's loan account	120,689	119,042

	120,773	120,002

The director's loan account is interest free and repayable on demand. However, the director is to continue his ongoing support to the company going forward.

7. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	100	100

8. Reserves

	Revaluation Reserve
	£
As at 1 November 2023	138,368
Deficit on revaluation	(50,000)

As at 31 October 2024	88,368

9. Ultimate Controlling Party

The company's ultimate controlling party is Dr J H McGinn by virtue of his ownership of 100% of the issued share capital in the company.