Bostall Developments Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 08800902

Bostall Developments Limited

Filleted Unaudited Financial Statements

31 August 2025

Bostall Developments Limited

Statement of Financial Position

31 August 2025

	2025	2024
Note	£	£

Fixed assets

Tangible assets	4	53,752	72,624

Current assets

Stocks		421,267	575,000
Debtors	5	13,231,370	11,205,322
Cash at bank and in hand		8,584	9,034
		-------------	-------------
		13,661,221	11,789,356

Creditors: amounts falling due within one year	6	14,937,033	12,734,472
		-------------	-------------
Net current liabilities		1,275,812	945,116
		------------	---------
Total assets less current liabilities		( 1,222,060)	( 872,492)

Creditors: amounts falling due after more than one year	7	53,864	70,924

Provisions	13,438	18,297
	------------	---------
Net liabilities	( 1,289,362)	( 961,713)
	------------	---------

Capital and reserves

Called up share capital	101	101
Profit and loss account	( 1,289,463)	( 961,814)
	------------	---------
Shareholders deficit	( 1,289,362)	( 961,713)
	------------	---------

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 income statement has not been delivered.

For the 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.

Director's 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Bostall Developments Limited

Statement of Financial Position (continued)

31 August 2025

These financial statements were approved by the board of directors and authorised for issue on 29 July 2026 , and are signed on behalf of the board by:

Mr L Heer
Director

Company registration number: 08800902

Bostall Developments Limited

Notes to the Financial Statements

Year ended 31 August 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is The Old Mill, 9 Soar Lane, Leicester, LE3 5DE.

2. Statement of compliance

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

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer, usually on despatch of the goods, the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity, and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, 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. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. 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 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.

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:

Fixtures and fittings	-	25% reducing balance
Motor vehicles	-	25% reducing balance
Equipment	-	25% straight line

Impairment of fixed assets

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.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

4. Tangible assets

	Motor vehicles	Equipment	Total
	£	£	£
Cost
At 1 September 2024 and 31 August 2025	89,418	12,651	102,069
	--------	--------	---------
Depreciation
At 1 September 2024	26,546	2,899	29,445
Charge for the year	15,709	3,163	18,872
	--------	--------	---------
At 31 August 2025	42,255	6,062	48,317
	--------	--------	---------
Carrying amount
At 31 August 2025	47,163	6,589	53,752
	--------	--------	---------
At 31 August 2024	62,872	9,752	72,624
	--------	--------	---------

5. Debtors

	2025	2024
	£	£
Trade debtors	8,044,488	6,122,004
Amounts owed by group undertakings and undertakings in which the company has a participating interest	4,020,334	3,909,033
Other debtors	1,166,548	1,174,285
	-------------	-------------
	13,231,370	11,205,322
	-------------	-------------

6. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	10,140	10,140
Trade creditors	120,504	–
Amounts owed to group undertakings and undertakings in which the company has a participating interest	13,910,200	11,751,883
Other creditors	896,189	972,449
	-------------	-------------
	14,937,033	12,734,472
	-------------	-------------

7. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	2,518	12,644
Other creditors	51,346	58,280
	--------	--------
	53,864	70,924
	--------	--------

8. Going concern

The companies liabilities exceed its assets by £1,289,362 as at the year end. The directors have stated that they will continue to support the company and therefore the company will continue on a going concern basis.

9. Related party transactions

At the balance sheet date, a balance of £773,596 (2024: £573,381) was owed to the company by related parties, and a balance of £881,256 (2024: £964,016) was owed by the company to related parties under common control and mutual directors. These amounts are included within other debtors and other creditors, respectively. These balances are unsecured, interest free and are repayable on demand.

10. Controlling party

The company's immediate parent company is is Rigco Property Holding Ltd, registered office The Old Mill, 9 Soar Lane, Leicester, LE3 5DE.