Company Registration No. 09682114 (England and Wales)
BOYES PROPERTIES LTD
Unaudited accounts
for the year ended 31 March 2025
BOYES PROPERTIES LTD
Unaudited accounts
Contents
BOYES PROPERTIES LTD
Company Information
for the year ended 31 March 2025
Company Number
09682114 (England and Wales)
Registered Office
16 Meadowcroft Road
Outwood
Wakefield
WF1 3TA
Accountants
RAE Business Services (Yorkshire) Limited
First Floor
85 Great Portland Street
London
W1W 7LT
BOYES PROPERTIES LTD
Accountants' report
Accountants' report to the director of BOYES PROPERTIES LTD on the preparation of the unaudited statutory accounts 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 accounts of
BOYES PROPERTIES LTD for the year ended
31 March 2025 as set out on pages
5 -
8 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of BOYES PROPERTIES LTD, 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 BOYES PROPERTIES LTD and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than BOYES PROPERTIES LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that BOYES PROPERTIES 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 BOYES PROPERTIES LTD. You consider that BOYES PROPERTIES 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 BOYES PROPERTIES 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.
RAE Business Services (Yorkshire) Limited
First Floor
85 Great Portland Street
London
W1W 7LT
11 August 2025
BOYES PROPERTIES LTD
Statement of financial position
as at 31 March 2025
Investment property
1,600,058
1,554,315
Cash at bank and in hand
17,189
20,954
Creditors: amounts falling due within one year
(106,053)
(114,257)
Net current liabilities
(88,864)
(93,303)
Total assets less current liabilities
1,511,194
1,461,696
Creditors: amounts falling due after more than one year
(976,689)
(903,524)
Provisions for liabilities
Deferred tax
(124,062)
(134,967)
Net assets
410,443
423,205
Called up share capital
1
1
Revaluation reserve
372,185
404,902
Profit and loss account
38,257
18,302
Shareholders' funds
410,443
423,205
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. The members have 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 9 December 2025 and were signed on its behalf by
Luke David Boyes
Director
Company Registration No. 09682114
BOYES PROPERTIES LTD
Notes to the Accounts
for the year ended 31 March 2025
BOYES PROPERTIES LTD is a private company, limited by shares, registered in England and Wales, registration number 09682114. The registered office is 16 Meadowcroft Road, Outwood, Wakefield, WF1 3TA.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold. The properties were revalued by the Director at the year end.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
Between 20% and 33% on cost.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
BOYES PROPERTIES LTD
Notes to the Accounts
for the year ended 31 March 2025
4
Tangible fixed assets
Fixtures & fittings
Fair value at 1 April 2024
1,554,315
Net loss from fair value adjustments
(43,623)
At 31 March 2025
1,600,058
6
Creditors: amounts falling due within one year
2025
2024
Taxes and social security
4,681
2,838
Other creditors
5,120
27,002
Loans from directors
96,252
84,417
7
Creditors: amounts falling due after more than one year
2025
2024
Bank loans
855,307
792,813
Other creditors
121,382
110,711
Aggregate of amounts that fall due for payment after five years
855,307
792,813
Included in long term creditors are bank loans secured on investment properties. Personal guarantees have been provided.
BOYES PROPERTIES LTD
Notes to the Accounts
for the year ended 31 March 2025
8
Deferred taxation
2025
2024
Revaluation of investment property
124,062
134,967
Provision at start of year
134,967
-
(Credited)/charged to the profit and loss account
(10,905)
134,967
Provision at end of year
124,062
134,967
Comparatives have been restated for deferred tax on revaluation of investment properties.
9
Average number of employees
During the year the average number of employees was 0 (2024: 0).