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Registration number: 10782785

Boycely Developments Ltd
Annual Report and Unaudited Financial Statements
for the Year Ended 31 March 2025

Boycely Developments Ltd

Contents

Company Information | 1
Director's Report | 2
Accountants' Report | 3
Profit and Loss Account | 4
Statement of Comprehensive Income | 5
Balance Sheet | 6
Statement of Changes in Equity | 7
Notes to the Unaudited Financial Statements | 8 to 12
iXBRL Detailed Profit and Loss Account | 13

Boycely Developments Ltd

Company Information

Director | Joseph Benjamin Bailey

Registered office | Unit 3 Bakers Park Cater Road Bristol BS13 7TT

Accountants | AWG Accountants Ltd Chartered AccountantKemp House City Road London EC1V 2NX

Boycely Developments Ltd

Director's Report for the Year Ended 31 March 2025

The report and the financial statements for the year ended 31 March 2025.

Director of the company

The director who held office during the year was as follows:

Joseph Benjamin Bailey

Principal activity

The principal activity of the company is Construction and property development

Small companies provision statement

This report has 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.

Approved and authorised by the director on 24 November 2025

......................................... Joseph Benjamin Bailey Director

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Boycely Developments Ltd
for the Year Ended 31 March 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Boycely Developments Ltd for the year ended 31 March 2025 as set out on pages 4 to 12 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
http://www.icaew.com/regulation.

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

It is your duty to ensure that Boycely Developments Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Boycely Developments Ltd. You consider that Boycely Developments Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Boycely Developments Ltd. 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.

......................................
AWG Accountants Ltd
Chartered Accountant
Kemp House
City Road
London
EC1V 2NX

24 November 2025

Boycely Developments Ltd

Profit and Loss Account for the Year Ended 31 March 2025

| Note | 2025 £ | 2024 £
Turnover |  | 211,963 | -
Cost of sales |  | (211,963) | -
Gross profit/(loss) |  | - | -
Administrative expenses |  | (23,907) | (47,660)
Operating loss |  | (23,907) | (47,660)
Other interest receivable and similar income |  | 328 | -
Loss before tax | 4 | (23,579) | (47,660)
Loss for the financial year |  | (23,579) | (47,660)

The above results were derived from continuing operations.

The company has no recognised gains or losses for the year other than the results above.

Boycely Developments Ltd

Statement of Comprehensive Income for the Year Ended 31 March 2025

| 2025 £ | 2024 £
Loss for the year | (23,579) | (47,660)
Total comprehensive income for the year | (23,579) | (47,660)

Boycely Developments Ltd

(Registration number: 10782785)
Balance Sheet as at 31 March 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 5 | 46,247 | 61,662
Current assets |  |  |
Stocks | 6 | 3,402,066 | 3,582,652
Debtors | 7 | 217,178 | 14,263
Cash at bank and in hand |  | 144 | 6,161
|  | 3,619,388 | 3,603,076
Creditors: Amounts falling due within one year | 8 | (3,823,554) | (3,799,078)
Net current liabilities |  | (204,166) | (196,002)
Net liabilities |  | (157,919) | (134,340)
Capital and reserves |  |  |
Called up share capital | 9 | 100 | 100
Retained earnings |  | (158,019) | (134,440)
Shareholders' deficit |  | (157,919) | (134,340)

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges 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 in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the director on 24 November 2025

......................................... Joseph Benjamin Bailey Director

Boycely Developments Ltd

Statement of Changes in Equity for the Year Ended 31 March 2025

| Share capital £ | Retained earnings £ | Total £
At 1 April 2024 | 100 | (134,440) | (134,340)
Loss for the year | - | (23,579) | (23,579)
At 31 March 2025 | 100 | (158,019) | (157,919)

| Share capital £ | Retained earnings £ | Total £
At 1 April 2023 | 100 | (86,780) | (86,680)
Loss for the year | - | (47,660) | (47,660)
At 31 March 2024 | 100 | (134,440) | (134,340)

Boycely Developments Ltd

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

1 | General information

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

The address of its registered office is:
Unit 3 Bakers Park
Cater Road
Bristol
BS13 7TT
England

These financial statements were authorised for issue by the director on 24 November 2025.

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 except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

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

Boycely Developments Ltd

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

Asset class | Depreciation method and rate
Plant and machinery | 25% reducing balance basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
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.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable 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.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

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.

Boycely Developments Ltd

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

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3 | Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2024 - 1).

4 | Loss before tax

Arrived at after charging/(crediting)

| 2025 £ | 2024 £
Depreciation expense | 15,415 | 20,554

Boycely Developments Ltd

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

5 | Tangible assets

| Furniture, fittings and equipment £ | Motor vehicles £ | Total £
Cost or valuation
At 1 April 2024 | 76,078 | 40,815 | 116,893
At 31 March 2025 | 76,078 | 40,815 | 116,893
Depreciation
At 1 April 2024 | 42,279 | 12,952 | 55,231
Charge for the year | 8,450 | 6,965 | 15,415
At 31 March 2025 | 50,729 | 19,917 | 70,646
Carrying amount
At 31 March 2025 | 25,349 | 20,898 | 46,247
At 31 March 2024 | 33,799 | 27,863 | 61,662

6 | Stocks

| 2025 £ | 2024 £
Work in progress | 3,402,066 | 3,582,652

7 | Debtors

Current | 2025 £ | 2024 £
Trade debtors | 4,396 | 837
Other debtors | 212,782 | 13,426
| 217,178 | 14,263

8 | Creditors

Creditors: amounts falling due within one year

Boycely Developments Ltd

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

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings | 10 | 7,006 | -
Trade creditors |  | 49,939 | 69,993
Accruals and deferred income |  | 1,721 | 1,221
Other creditors |  | 3,764,888 | 3,727,864
|  | 3,823,554 | 3,799,078

9 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary Shares of £1 each | 100 | 100 | 100 | 100

10 | Loans and borrowings

Current loans and borrowings

| 2025 £ | 2024 £
Other borrowings | 7,006 | -

Boycely Developments Ltd

iXBRL Detailed Profit and Loss Account for the Year Ended 31 March 2025

| 2025 £ | 2024 £
Turnover/revenue | 211,963 | -
Cost of sales |  |
Opening work in progress | (3,582,652) | (2,801,141)
Purchase of raw materials and consumables | (29,103) | (741,767)
Closing work in progress | 3,402,066 | 3,582,652
Subcontractor costs | (2,274) | (39,610)
Other costs | - | (134)
Gross profit/(loss) | - | -
Distribution costs |  |
Administrative expenses |  |
Audit and accountancy other services | (1,061) | (995)
Other repairs and maintenance costs | (985) | (1,075)
Cleaning costs | (1,456) | (1,352)
Depreciation of fixed assets | (15,415) | (20,554)
Vehicle costs | (1,222) | (12,106)
Legal and professional costs | - | (4,258)
Bank charges | (91) | (164)
Inter-company management fees | (650) | -
Insurance costs | (675) | (4,445)
IT and computing | (300) | (792)
Telecommunications | (736) | (725)
Other costs | (1,316) | (1,194)
Other operating income |  |
Other items |  |
Loss on ordinary activities before finance charges and interest | (23,907) | (47,660)
Bank interest and similar income receivable | 328 | -
Loss for the financial year | (23,579) | (47,660)