Boswell House Developments Limited 31/01/2025 iXBRL

Company registration number: SC283824

Boswell House Developments Limited

Unaudited filleted financial statements

31 January 2025

Boswell House Developments Limited

Contents

Directors and other information

Accountants report

Statement of financial position

Notes to the financial statements

Boswell House Developments Limited

Directors and other information


	Directors	Mr A M Murray
		Mrs M A Wilson
		Mr P M McFatridge


	Secretary	P M McFatridge


	Company number	SC283824


	Registered office	33 High Street
		Oban
		Argyll
		PA34 4BG


	Business address	Boswell House
		Argyll Square
		Oban
		PA34 4BD


	Accountants	Simmers & Co
		Albany Chambers
		Albany Street
		Oban
		Argyll
		PA34 4AL




	Bankers	Virgin Bank

Boswell House Developments Limited

Report to the board of directors on the preparation of the

unaudited statutory financial statements of Boswell House Developments Limited

Year ended 31 January 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 Boswell House Developments Limited for the year ended 31 January 2025 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS , we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.

This report is made solely to the board of directors of Boswell House Developments Limited, as a body, in accordance with the terms of our engagement letter dated 9 October 2009. Our work has been undertaken solely to prepare for your approval the financial statements of Boswell House Developments Limited and state those matters that we have agreed to state to the board of directors of Boswell House Developments Limited as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Boswell House Developments Limited and its board of directors as a body for our work or for this report.

It is your duty to ensure that Boswell House Developments Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Boswell House Developments Limited. You consider that Boswell House Developments Limited 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 financial statements of Boswell House Developments Limited. 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 financial statements.

Simmers & Co

Chartered Accountants

Albany Chambers

Albany Street

Oban

Argyll

PA34 4AL

3 December 2025

Boswell House Developments Limited

Statement of financial position

31 January 2025

		2025		2024
	Note	£	£	£	£

Fixed assets
Tangible assets	4	785,000		785,000
		_______		_______
			785,000		785,000

Current assets
Debtors	5	17,386		26,786
Cash at bank and in hand		14,196		19,644
		_______		_______
		31,582		46,430
Creditors: amounts falling due
within one year	6	( 160,747)		( 160,329)
		_______		_______
Net current liabilities			( 129,165)		( 113,899)
			_______		_______
Total assets less current liabilities			655,835		671,101

			_______		_______
Net assets			655,835		671,101
			_______		_______

Capital and reserves
Called up share capital	7		91		91
Profit and loss account			655,744		671,010
			_______		_______
Shareholders funds			655,835		671,101
			_______		_______

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

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

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 comprehensive income has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 03 December 2025 , and are signed on behalf of the board by:

Mr A M Murray

Director

Company registration number: SC283824

Boswell House Developments Limited

Notes to the financial statements

Year ended 31 January 2025

1. General information

The company is a private company limited by shares, registered in Scotland. The address of the registered office is 33 High Street, Oban, Argyll, PA34 4BG.

2. Statement of compliance

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

Turnover

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Taxation

The taxation expense represents the aggregate amount of current tax and deferred tax recognised in the reporting period. Tax is recognised in the Income Statement, 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. 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.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


Land and buildings	-	Not depreciating

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Financial instruments

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

4. Tangible assets

	Freehold property	Total
	£	£
Cost
At 1 February 2024 and 31 January 2025	785,000	785,000
	_______	_______
Depreciation
At 1 February 2024 and 31 January 2025	-	-
	_______	_______
Carrying amount
At 31 January 2025	785,000	785,000
	_______	_______
At 31 January 2024	785,000	785,000
	_______	_______

Included within land and buildings are Investment Properties with a historic cost of £1,007,430 (2024:£1,007,430).

Tangible assets held at valuation

The company's Investment Properties were valued on 6th December 2013. The basis of the rental value was Market Rent. The directors do not believe this valuation has materially changed.

5. Debtors

	2025	2024
	£	£
Trade debtors	-	22,881
Other debtors	17,386	3,905
	_______	_______
	17,386	26,786
	_______	_______

6. Creditors: amounts falling due within one year

	2025	2024
	£	£
Corporation tax	-	4,048
Other creditors	160,747	156,281
	_______	_______
	160,747	160,329
	_______	_______

7. Called up share capital

Issued, called up and fully paid

	2025		2024
	No	£	No	£
Ordinary shares shares of £ 1.00 each	91	91	91	91
	_______	_______	_______	_______

8. Controlling party

The company is controlled by it's directors .