Boyce Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

1	General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Ruffles Barn Brookside
Dalham
Newmarket
CB8 8TG
England

These financial statements were authorised for issue by the Board on 10 July 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are presented in Sterling, which is the functional currency of the company.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Boyce Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

Trade Debtors

Trade Debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade Debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade Creditors

Trade Creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade Creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Financial instruments

Classification
Financial Investments
 Recognition and measurement
Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in the profit and loss statement. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
 

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2024 - 0).

Boyce Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

4	Other financial assets (current and non-current)

	Financial assets at fair value through profit and loss £	Total £
Current financial assets
Cost
At 1 January 2025	1,382,113	1,382,113
At 31 December 2025	1,382,113	1,382,113
Fair value adjustments
At 1 January 2025	(841,285)	(841,285)
Fair value adjustment in the period	883,014	883,014
At 31 December 2025	41,729	41,729
Carrying amount
At 31 December 2025	1,423,842	1,423,842
At 31 December 2024	540,827	540,827

5

Debtors

	2025 £	2024 £
Other debtors	5,231	5,231
	5,231	5,231

6	Current asset investments

	2025 £	2024 £
Other investments	28,862	28,862

Boyce Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

7	Financial instruments

Categorisation of financial instruments

	2025  £	2024  £
Financial assets measured at fair value through profit or loss	1,423,842	540,827

Financial assets measured at fair value

Current Financial Assets
The fair value of the financial assets is based on the share price at the year end.

The fair value is £1,423,842 (2024 - £540,827) and the change in value included in profit or loss is £(883,015) (2024 - £221,867).

Items of income, expense, gains or losses

2025	Income £	Expense £	Net gains £	Net losses £
Financial assets measured at fair value through profit or loss	-	-	883,015	-

2024	Income £	Expense £	Net gains £	Net losses £
Financial liabilities measured at fair value through profit or loss	-	-	-	221,867

8	Parent and ultimate parent undertaking

The company's immediate parent is Boyce Investment Group Limited, incorporated in England.

 The ultimate parent, in its capacity as trustee, is The RG Boyce Trustee Co Ltd, a company incorporated in Cyprus.

 

Boyce Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

9	Going Concern

As at 31 December 2025, the company had net liabilities of £882,203 (2024: £1,519,914). This included related party loans of £574,741 (2024: £2,099,875).

The directors have no reason to believe that there is any material uncertainty in relation to the ongoing provision of these loans.

10

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Accruals and deferred income	1,030	1,030
Other creditors	574,741	2,093,875
	575,771	2,094,905