Company Registration No. 02263352 (England and Wales)
Booker Tate Limited
Financial statements
for the year ended 28 February 2026
Pages for filing with the registrar
Booker Tate Limited
Contents
Page
Statement of financial position
1
Notes to the financial statements
2 - 9
Booker Tate Limited
Statement of financial position
As at 28 February 2026
28 February 2026
1
2026
2025
Notes
£
£
£
£
Fixed assets
Tangible assets
3
454
1,154
Investments
4
250,000
250,000
250,454
251,154
Current assets
Debtors
6
144,207
96,216
Cash at bank and in hand
3,784
1,624
147,991
97,840
Creditors: amounts falling due within one year
7
(1,473,944)
(1,360,683)
Net current liabilities
(1,325,953)
(1,262,843)
Total assets less current liabilities
(1,075,499)
(1,011,689)
Creditors: amounts falling due after more than one year
8
-
0
(3,889)
Net liabilities
(1,075,499)
(1,015,578)
Capital and reserves
Called up share capital
10,742,002
10,742,002
Share premium account
7,045,668
7,045,668
Profit and loss reserves
(18,863,169)
(18,803,248)
Total equity
(1,075,499)
(1,015,578)

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 3 August 2026 and are signed on its behalf by:
Hugh Glyn-Jones
Director
Company Registration No. 02263352
Booker Tate Limited
Notes to the financial statements
For the year ended 28 February 2026
2
1
Accounting policies
Company information

Booker Tate Limited is a private company limited by shares incorporated in England and Wales. The registered office is 88 High Street, Thame, OX9 3EH.

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.

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.

1.2
Going concern

Confirmation of financial support has been received true from the parent company, Bosch Projects

Proprietary Limited. Therefore the directors consider the going concern basis to be appropriate

given the corporate undertakings.

A t the time of approving the financial statements, t he directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus t he directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for 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 from a contract to provide services is recognised in the year in which the services are

provided in accordance with the stage of completion of the contract when all of the following

conditions are satisfied:

• the amount of revenue can be measured reliably;

• it is probable that the group will receive the consideration due under the contract;

• the stage of completion of the contract at the end of the reporting year can be measured

reliably, and;

• the costs incurred and the costs to complete the contract can be measured reliably

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.

Booker Tate Limited
Notes to the financial statements (continued)
For the year ended 28 February 2026
1
Accounting policies (continued)
3

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:

Fixtures and fittings
3 to 8 years
Computers
3 to 10 years

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
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

1.6
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

Booker Tate Limited
Notes to the financial statements (continued)
For the year ended 28 February 2026
1
Accounting policies (continued)
4
1.7
Long-term contracts

Where the outcome of a construction contract can be estimated reliably, revenue and costs are recognised by reference to the stage of completion of the contract activity at the reporting end date. Variations in contract work, claims and incentive payments are included to the extent that the amount can be measured reliably and its receipt is considered probable.

When it is probable that total contract costs will exceed total contract turnover, the expected loss is recognised as an expense immediately.

Where the outcome of a construction contract cannot be estimated reliably, contract revenue is recognised to the extent of contract costs incurred where it is probable that they will be recoverable. Contract costs are recognised as expenses in the period in which they are incurred. When costs incurred in securing a contract are recognised as an expense in the period in which they are incurred, they are not included in contract costs if the contract is obtained in a subsequent period.

The “percentage of completion method” is used to determine the appropriate amount to recognise in a given period. The stage of completion is measured by the proportion of contract costs incurred for work performed to date compared to the estimated total contract costs. Costs incurred in the year in connection with future activity on a contract are excluded from contract costs in determining the stage of completion. These costs are presented as stocks, prepayments or other assets depending on their nature, and provided it is probable they will be recovered. Bank interest accruing on capital borrowed to fund the production of long term contracts is carried forward within long term contract balances.

1.8
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.

1.9
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors, 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.

Classification of financial liabilities

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.

Booker Tate Limited
Notes to the financial statements (continued)
For the year ended 28 February 2026
1
Accounting policies (continued)
5
Basic financial liabilities

Basic financial liabilities, including creditors, bank loans and loans from fellow group companies, 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 paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.10
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.11
Taxation

The tax expense represents the sum of the tax currently payable or paid.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

1.12
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.

1.13
Retirement benefits

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

1.14
Leases

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.

Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight line basis over the lease term.

Booker Tate Limited
Notes to the financial statements (continued)
For the year ended 28 February 2026
1
Accounting policies (continued)
6
1.15
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Employees

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

2026
2025
Number
Number
Total
3
4
3
Tangible fixed assets
Fixtures and fittings
Computers
Total
£
£
£
Cost
At 1 March 2025 and 28 February 2026
3,914
46,838
50,752
Depreciation and impairment
At 1 March 2025
3,591
46,007
49,598
Depreciation charged in the year
214
486
700
At 28 February 2026
3,805
46,493
50,298
Carrying amount
At 28 February 2026
109
345
454
At 28 February 2025
323
831
1,154
4
Fixed asset investments
2026
2025
£
£
Shares in group undertakings and participating interests
250,000
250,000
5
Subsidiaries

Details of the company's subsidiaries at 28 February 2026 are as follows:

Booker Tate Limited
Notes to the financial statements (continued)
For the year ended 28 February 2026
5
Subsidiaries (continued)
7
Name of undertaking
Registered office
Nature of business
Class of
% Held
shares held
Direct
Indirect
Booker Tate (Overseas) Limited
As per Booker Tate Limited
Dormant
Ordinary
100.00
0
6
Debtors
2026
2025
Amounts falling due within one year:
£
£
Trade debtors
124,897
83,774
Other debtors
19,310
12,442
144,207
96,216
7
Creditors: amounts falling due within one year
2026
2025
£
£
Bank loans
3,889
15,555
Other borrowings
866,945
783,682
Trade creditors
201,301
217,221
Amounts owed to group undertakings
250,011
250,011
Taxation and social security
14,748
9,592
Other creditors
36,862
39,665
Accruals and deferred income
100,188
44,957
1,473,944
1,360,683
8
Creditors: amounts falling due after more than one year
2026
2025
£
£
Bank loans and overdrafts
-
0
3,889
9
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006.

The auditor's report is unqualified and includes the following:

Booker Tate Limited
Notes to the financial statements (continued)
For the year ended 28 February 2026
9
Audit report information (continued)
8
Opinion

In our opinion the financial statements:

- give a true and fair view of the state of the company's affairs as at 28 February 2026 and of its loss for the year then ended;

- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

- have been prepared in accordance with the requirements of the Companies Act 2006.

Senior Statutory Auditor:
Andrew Watkinson
Statutory Auditors:
Saffery LLP
Date of audit report:
3 August 2026
10
Operating lease commitments
As lessee

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

2026
2025
£
£
Total commitments
28,203
43,703
11
Related party transactions

The company has taken advantage of the provisions within FRS 102 section 1A not to disclose transactions entered into between two or more members of a group, as the company is a wholly owned subsidiary undertaking of the group to which it is a party to the transaction.

As at 2 8 February 20 26, Booker Tate Limited had a loan from Bosch Projects Proprietary Limited for £785,523 (20 25: £785,523).

As at 28 February 2026, Booker Tate Limited owes a short term interest bearing loan from Bosch Projects Proprietary Limited of £77,850 (2025: £64,750). This loan has incurred interest of £3,571 (2025: £409). Both amounts remain unpaid at year end.

Booker Tate Limited was owed a loan from Bosch East Africa Proprietary Limited of £nil (2025: £67,000). The loan was written off in the year subsequent to the sale of Bosch East Africa.

Booker Tate Limited was owed £914 (2025: £nil) from Bosch Projects Proprietary Limited. Booker Tate Limited owed Bosch Projects Proprietary Limited £nil (2025: £42,189)

Booker Tate Limited owed Bosch Management Services Proprietary Limited £129,284 (2025: £127,038).

Booker Tate (Overseas) Limited owes Booker Tate Limited of £250,000 (2025: £250,000).

An inter-company guarantee exists between Booker Tate Limited and Booker Tate (Overseas) Limited with unlimited security.

As at year end short-term loan owing to Hugh Glyn-Jones was £nil (2025: £12,973).

Booker Tate Limited
Notes to the financial statements (continued)
For the year ended 28 February 2026
9
12
Parent company

The ultimate parent and controlling party is Bosch Holdings Proprietary Limited, a company incorporated in South Africa. The largest group of which the company is a member and for which Group financial statements are drawn up is that of Bosch Holdings Proprietary Limited. The group financial statements of Bosch Holdings Proprietary Limited are available from the Company Secretary, 23a Flanders Drive, Mount Edgecombe, KwaZulu-Natal, 4 302, P.O.BOX 2009, Durban, 4000, South Africa.

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