Boston Dyers Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 01842826

Boston Dyers Limited

Filleted Unaudited Financial Statements

31 March 2025

Boston Dyers Limited

Statement of Financial Position

31 March 2025

	2025	2024
Note	£	£

Fixed assets

Tangible assets	5	1,539,098	1,535,000

Current assets

Debtors	6	47,282	42,747
Cash at bank and in hand		135,619	104,657
		---------	---------
		182,901	147,404

Creditors: amounts falling due within one year	7	562,782	569,524
		---------	---------
Net current liabilities		379,881	422,120
		------------	------------
Total assets less current liabilities		1,159,217	1,112,880

Creditors: amounts falling due after more than one year	8	292,585	313,864

Provisions	16,895	16,895
	------------	------------
Net assets	849,737	782,121
	------------	------------

Capital and reserves

Called up share capital	10,000	10,000
Fair value reserve	431,590	431,590
Profit and loss account	408,147	340,531
	---------	---------
Shareholders funds	849,737	782,121
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the 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 financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Boston Dyers Limited

Statement of Financial Position (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 3 December 2025 , and are signed on behalf of the board by:

Mr B Chandarana
Director

Company registration number: 01842826

Boston Dyers Limited

Notes to the Financial Statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 46 Boston Road, Leicester, LE4 1AA.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover relates to the fair value of amounts receivable in respect of property rentals in the accounting period.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Investment property

Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 3 (2024: 3 ).

5. Tangible assets

	Investment property	Fixtures and fittings	Total
	£	£	£
Cost
At 1 April 2024	1,535,000	–	1,535,000
Additions	–	4,617	4,617
	------------	-------	------------
At 31 March 2025	1,535,000	4,617	1,539,617
	------------	-------	------------
Depreciation
At 1 April 2024	–	–	–
Charge for the year	–	519	519
	------------	-------	------------
At 31 March 2025	–	519	519
	------------	-------	------------
Carrying amount
At 31 March 2025	1,535,000	4,098	1,539,098
	------------	-------	------------
At 31 March 2024	1,535,000	–	1,535,000
	------------	-------	------------

The director considers that investment property is disclosed at it's fair value.

6. Debtors

	2025	2024
	£	£
Other debtors	47,282	42,747
	--------	--------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	21,279	25,294
Trade creditors	6,139	14,755
Corporation tax	18,191	16,225
Other creditors	517,173	513,250
	---------	---------
	562,782	569,524
	---------	---------

The bank loan amounting to £21,279 (2024: £25,294) is secured by a fixed charge held by Svenska Handelsbanken.

8. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	292,585	313,864
	---------	---------

The bank loan amounting to £292,585 (2024:£313,864) is secured by a fixed charge held by Svenska Handelsbanken.

Included within creditors: amounts falling due after more than one year is an amount of £207,470 (2024: £228,748) in respect of liabilities payable or repayable by instalments which fall due for payment after more than five years from the reporting date.

9. Related party transactions

The company has received from a related party with an interest free loan repayable on demand. The amount due to the related party as at 31 March 2025 amounted to £485,551 (2024: £481,229). The company has provided a related party with an interest free loan receivable on demand. The amount due to the related party as at 31 March 2025 amounted to £34,837 (2024: £30,733). During the year a related partry debtor amounting to £11,750 (2024: £nil) was written off.