Registrar

Registration number: 12146305

Boydell & Sons Ltd

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 7

Boydell & Sons Ltd

Company Information

Directors

L H Boydell J C Boydell G L Boydell

Registered office

3 Warners Mill Silks Way Braintree Essex CM7 3GB

Bankers

Barclays Bank PLC Chelmsford 40-41 High Street Chelmsford Essex CM1 1BE

Accountants

Lambert Chapman LLP Chartered accountants3 Warners Mill Silks Way Braintree Essex CM7 3GB

Boydell & Sons Ltd

(Registration number: 12146305)
Balance Sheet as at 31 January 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	9,228	11,535
Investment property	5	1,765,000	1,765,000
		1,774,228	1,776,535
Current assets
Debtors	6	15,023	17,631
Cash at bank and in hand		3,668	2,817
		18,691	20,448
Creditors: Amounts falling due within one year	7	(70,962)	(95,961)
Net current liabilities		(52,271)	(75,513)
Total assets less current liabilities		1,721,957	1,701,022
Creditors: Amounts falling due after more than one year	7	(1,395,480)	(1,396,775)
Provisions for liabilities		(68,957)	(68,957)
Net assets		257,520	235,290
Capital and reserves
Called up share capital	8	400	400
Retained earnings		257,120	234,890
Shareholders' funds		257,520	235,290

For the financial year ending 31 January 2025 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 accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 31 October 2025 and signed on its behalf by:
 

L H Boydell Director

Boydell & Sons Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

1	General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is: 3 Warners Mill, Silks Way, Braintree, Essex, CM7 3GB, England.

The principal place of business is: Grove View, Middleton Road, Sudbury, Suffolk, CO10 7LJ.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

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

These financial statements are presented in Sterling (£), which is the company's functional currency.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for rental services in the ordinary course of the company’s activities.

The company recognises revenue when:
- the amount of revenue can be reliably measured;
- it is probable that future economic benefits will flow to the entity;
- and specific criteria have been met for each of the company's activities.

Tax

Current Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation.

Boydell & Sons Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

Depreciation

Depreciation is charged so as to write off the cost or valuation of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Investment property	Not depreciated
Fixtures and fittings	20% Reducing balance

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by the directors. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in the profit and loss account.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits.

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.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2024 - 3).

Boydell & Sons Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

4	Tangible assets

	Fixtures and fittings £	Total £
Cost or valuation
At 1 February 2024	23,554	23,554
At 31 January 2025	23,554	23,554
Depreciation
At 1 February 2024	12,019	12,019
Charge for the year	2,307	2,307
At 31 January 2025	14,326	14,326
Carrying amount
At 31 January 2025	9,228	9,228
At 31 January 2024	11,535	11,535

5	Investment properties

	2025 £
At 1 February 2024	1,765,000
At 31 January 2025	1,765,000

There has been no valuation of investment property by an independent valuer.

The investment properties have been pledged as security against loan and borrowings.

6

Debtors

	2025 £	2024 £
Other debtors	15,023	17,196
Prepayments	-	435
	15,023	17,631

Boydell & Sons Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

7

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	9	9,000	9,000
Trade creditors		2,747	50
Directors loan		32,546	63,973
Other creditors		16,405	16,262
Corporation tax		7,738	4,230
Accruals and deferred income		2,526	2,446
		70,962	95,961

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	9	1,395,480	1,396,775

 

Creditors falling due after one year include bank loans which are secured against investment property of £1,192,480 (2024 - £1,184,775).

Creditors include bank loans not repayable by instalments of £1,192,480 (2024 - £1,184,775) due after more than five years.

8	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary shares of £1 each	400	400	400	400

Boydell & Sons Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

9	Loans and borrowings

Current loans and borrowings

	2025 £	2024 £
Bank borrowings	9,000	9,000

Non-current loans and borrowings

	2025 £	2024 £
Bank borrowings	1,195,480	1,196,775
Directors loan	200,000	200,000
	1,395,480	1,396,775