Company registration number 07509331 (England and Wales)
BOOST HOMES LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025
PAGES FOR FILING WITH REGISTRAR
BOOST HOMES LTD
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 7
BOOST HOMES LTD
BALANCE SHEET
AS AT
31 JANUARY 2025
31 January 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
4
15,606
19,673
Current assets
Stocks
7,422,770
6,791,338
Debtors
5
1,450,876
1,054,199
Cash at bank and in hand
42,277
61,707
8,915,923
7,907,244
Creditors: amounts falling due within one year
6
(9,048,783)
(7,836,125)
Net current (liabilities)/assets
(132,860)
71,119
Total assets less current liabilities
(117,254)
90,792
Creditors: amounts falling due after more than one year
7
(5,000)
(935,908)
Net liabilities
(122,254)
(845,116)
Capital and reserves
Called up share capital
8
100
100
Distributable profit and loss reserves
(122,354)
(845,216)
Total equity
(122,254)
(845,116)
BOOST HOMES LTD
BALANCE SHEET (CONTINUED)
AS AT
31 JANUARY 2025
31 January 2025
- 2 -

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

T he 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 Companies Act 2006 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.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 22 January 2026 and are signed on its behalf by:
D P Steen
Director
Company registration number 07509331 (England and Wales)
BOOST HOMES LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025
- 3 -
1
Accounting policies
Company information

Boost Homes Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Ibex House, Baker Street, Weybridge, Surrey, KT13 8AH.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

The financial statements have been prepared on a going concern basis dependent on the ongoing support of related parties. On the basis of the ongoing support, the directors consider it reasonable to continue to adopt the going concern basis in preparing these financial statements. true

1.3
Turnover

Turnover represents amounts receivable for sales of land and property, excluding VAT. Income is recognised on all sales completed in the period.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and machinery
25% on reducing balance
Fixtures, fittings & equipment
25% on reducing balance
Computer equipment
33% on reducing balance
Motor vehicles
25% on reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Stocks

Work in progress comprises properties held for resale, held to be developed or are in the course of development and are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the work in progress to its present state of completion. Provisions are made for foreseeable losses, where appropriate.

1.6
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

BOOST HOMES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
1
Accounting policies
(Continued)
- 4 -
1.7
Financial instruments
Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

1.8
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.9
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.10
Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

1.11

Rental income

Rental income is accounted for on a straight line basis over the lease term. It is collected on stock held pending redevelopment and sale.

BOOST HOMES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
- 5 -
2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
8
7
4
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 February 2024
63,176
Additions
2,203
At 31 January 2025
65,379
Depreciation and impairment
At 1 February 2024
43,503
Depreciation charged in the year
6,270
At 31 January 2025
49,773
Carrying amount
At 31 January 2025
15,606
At 31 January 2024
19,673
BOOST HOMES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
- 6 -
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
23,462
22,657
Other debtors
1,373,919
978,288
Prepayments and accrued income
8,105
7,864
1,405,486
1,008,809
2025
2024
Amounts falling due after more than one year:
£
£
Deferred tax asset
45,390
45,390
Total debtors
1,450,876
1,054,199
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
5,156,971
4,645,010
Trade creditors
297,241
217,150
Taxation and social security
138,386
77,509
Other creditors
3,456,185
2,896,456
9,048,783
7,836,125

The aggregate amount of secured creditors due within one year is £5,146,971 (20 2 4: £4,635,010). Loans are secured by a fixed charge over land and buildings included in work in progress, whilst finance leases are secured by the assets financed.

7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
5,000
933,677
Other creditors
-
0
2,231
5,000
935,908

The aggregate amount of secured creditors due after one year is nil (20 2 4: £918,677). Loans are secured by a fixed charge over land and buildings included in work in progress, whilst finance leases are secured by the assets financed.

BOOST HOMES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
- 7 -
8
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
100
100
100
100
9
Non-distributable profits reserve
2025
2024
£
£
At the beginning of the year
-
76,500
Non distributable losses in the year
-
(76,500)
At the end of the year
-
-
10
Operating lease commitments

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2025
2024
£
£
60,075
-
0
11
Directors' transactions

The loans made to directors are repayable on demand.

Description
% Rate
Opening balance
Amounts advanced
Interest charged
Closing balance
£
£
£
£
2.25
449,165
13,321
10,271
472,757
449,165
13,321
10,271
472,757

Personal Guarantees

As at the year end, the directors have provided joint and personal guarantees in favour of the company against outstanding bank loans for an aggregate sum of £226,000 (20 2 4: £315,000).

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