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Company No: 04162076 (England and Wales)

# J BOSTON & SONS (HOLDINGS) LIMITED

### Unaudited Financial Statements
For the financial year ended 31 August 2025
Pages for filing with the registrar

J BOSTON & SONS (HOLDINGS) LIMITED

## Unaudited Financial Statements

For the financial year ended 31 August 2025

Contents

J BOSTON & SONS (HOLDINGS) LIMITED

## STATEMENT OF FINANCIAL POSITION

As at 31 August 2025
J BOSTON & SONS (HOLDINGS) LIMITED

## STATEMENT OF FINANCIAL POSITION (continued)

As at 31 August 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Investments | 4 | 0 |  | 2
|  | 0 |  | 2
Current assets |  |  |  |
Stocks | 5 | 5,400,000 |  | 7,000,000
Debtors | 6 | 875 |  | 41,449
Cash at bank and in hand |  | 3,430 |  | 22,871
|  | 5,404,305 |  | 7,064,320
Creditors: amounts falling due within one year | 7 | ( 8,886,912) |  | ( 10,295,970)
Net current liabilities |  | (3,482,607) |  | (3,231,650)
Total assets less current liabilities |  | (3,482,607) |  | (3,231,648)
Net liabilities |  | ( 3,482,607) |  | ( 3,231,648)
Capital and reserves |  |  |  |
Called-up share capital | 8 | 2 |  | 2
Profit and loss account |  | ( 3,482,609 ) |  | ( 3,231,650 )
Total shareholders' deficit |  | ( 3,482,607) |  | ( 3,231,648)

For the financial year ending 31 August 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 financial year 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; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of J Boston & Sons (Holdings) Limited (registered number: 04162076) were approved and authorised for issue by the Board of Directors on 12 May 2026. They were signed on its behalf by:

W F Michelmore Director |

J BOSTON & SONS (HOLDINGS) LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 August 2025
J BOSTON & SONS (HOLDINGS) LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 August 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

J Boston & Sons (Holdings) Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Winslade Manor Manor Drive, Clyst St. Mary, Exeter, EX5 1FY, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors note that the business has net liabilities of £3,484,432. The Company is supported through loans from Bricks Finance Limited, a 50% shareholder. The directors have received assurances that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements. After making enquiries, the directors believe that any foreseeable debts can be met for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

##### Group accounts exemption

Group accounts exemption s399
The Company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the Company as an individual entity and not about its group.

##### Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

##### Finance costs

Finance costs are charged to the Statement of Income and Retained Earnings over the term of the debt using the effective interest method so the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

##### Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. Depreciation is provided on all tangible fixed assets, other than investment properties and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Plant and machinery | 5 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

##### Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings.

##### Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

##### Stocks

Stock is made up of work in progress.
Work in progress is valued at the lower of cost and net realisable value. Costs include all direct expenditure and an appropriate proportion of overheads. At each reporting date, work in progress is assessed for impairment. If work in progress is 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.
Work in progress is recognised in cost of sales based on the proportion of costs incurred in the production of goods sold as a proportion of the estimated total costs of production.

##### Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

##### 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 creditors: amounts falling due within one year.

##### Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

##### Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

##### Ordinary share capital

The ordinary share capital of the Company is presented as equity.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 2 |  | 2

#### 3. Tangible assets

| Plant and machinery |  | Total
| £ |  | £
Cost |  |  |
At 01 September 2024 | 0 |  | 0
Additions | 1,500 |  | 1,500
Disposals | ( 1,500) |  | ( 1,500)
At 31 August 2025 | 0 |  | 0
Accumulated depreciation |  |  |
At 01 September 2024 | 0 |  | 0
At 31 August 2025 | 0 |  | 0
Net book value |  |  |
At 31 August 2025 | 0 |  | 0
At 31 August 2024 | 0 |  | 0

#### 4. Fixed asset investments

Investments in subsidiaries

| 2025
| £
Cost |
At 01 September 2024 | 2
Disposals | ( 2)
At 31 August 2025 | 0
Carrying value at 31 August 2025 | 0
Carrying value at 31 August 2024 | 2

#### 5. Stocks

| 2025 |  | 2024
| £ |  | £
Work in progress | 5,400,000 |  | 7,000,000

#### 6. Debtors

| 2025 |  | 2024
| £ |  | £
Trade debtors | 0 |  | 10,000
VAT recoverable | 285 |  | 23,779
Other debtors | 590 |  | 7,670
| 875 |  | 41,449

#### 7. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Trade creditors | 0 |  | 18,869
Amounts owed to associates | 8,872,212 |  | 10,257,112
Accruals | 2,700 |  | 9,765
Other taxation and social security | 0 |  | 2,224
Other creditors | 12,000 |  | 8,000
| 8,886,912 |  | 10,295,970

Amounts owed to associates are secured against the Company assets.

#### 8. Called-up share capital

| 2025 |  | 2024
| £ |  | £
Allotted, called-up and fully-paid |  |  |
2 Ordinary shares of £ 1.00 each | 2 |  | 2

#### 9. Related party transactions

Transactions with owners holding a participating interest in the entity

| 2025 |  | 2024
| £ |  | £
Amounts owed to associates | 8,872,212 |  | 10,257,112

Interest is no longer being charged on the loan from associates as the loan has been written down to expected recoverable value in the accounts of the associate.