REGISTERED NUMBER: 02873223 (England and Wales)

Unaudited Financial Statements

for the Year Ended 28 February 2025

for

Boston Interiors Limited

Page

Balance Sheet

1

Notes to the Financial Statements

2

FIXED ASSETS

Tangible assets

4

340,182

250,350

Investments

5

10,057,065

10,048,431

Investment property

6

3,872,007

3,872,007

14,269,254

14,170,788

CURRENT ASSETS

Stocks

25,000

5,000

Debtors

7

4,364,439

2,250,879

Cash at bank

5,479,225

4,840,628

9,868,664

7,096,507

CREDITORS

Amounts falling due within one year

8

7,402,022

7,092,948

NET CURRENT ASSETS

2,466,642

3,559

TOTAL ASSETS LESS CURRENT LIABILITIES

16,735,896

14,174,347

PROVISIONS FOR LIABILITIES

150,762

123,668

NET ASSETS

16,585,134

14,050,679

CAPITAL AND RESERVES

Called up share capital

136,350

136,350

Non-distributable reserve

9

262,728

256,253

Retained earnings

16,186,056

13,658,076

SHAREHOLDERS' FUNDS

16,585,134

14,050,679

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 October 2025 and were signed on its behalf by:

Mr A P Burke - Director

1.	STATUTORY INFORMATION

Boston Interiors Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

02873223

Registered office:

Stonewall Place

Silverdale

Newcastle Under Lyme

Staffordshire

ST5 6NR

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue is recognised as the company becomes entitled to consideration for the goods and services supplied.Therefore, turnover also includes the element of work completed but not yet invoiced.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Short leasehold

-

Straight line over the life of the lease

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Fixed asset investments

The fixed asset investment is shown at most recent open market valuation. Any aggregate surplus or deficit arising from changes in fair values is recognised in profit and loss.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 25 (2024 - 25 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Short

Plant and

and

Motor

leasehold

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 29 February 2024

190,109

624,313

77,688

486,375

1,378,485

Additions

4,996

130,428

47,282

-

182,706

At 28 February 2025

195,105

754,741

124,970

486,375

1,561,191

DEPRECIATION

At 29 February 2024

186,152

486,808

64,446

390,729

1,128,135

Charge for year

3,272

53,586

12,105

23,911

92,874

At 28 February 2025

189,424

540,394

76,551

414,640

1,221,009

NET BOOK VALUE

At 28 February 2025

5,681

214,347

48,419

71,735

340,182

At 28 February 2024

3,957

137,505

13,242

95,646

250,350

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 29 February 2024

10,048,431

Revaluations

8,634

At 28 February 2025

10,057,065

NET BOOK VALUE

At 28 February 2025

10,057,065

At 28 February 2024

10,048,431

Cost or valuation at 28 February 2025 is represented by:

Other

investments

£

Valuation in 2024

8,634

Valuation in 2023

2,500

Valuation in 2022

20,931

Cost

10,025,000

10,057,065

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 29 February 2024

and 28 February 2025

3,872,007

NET BOOK VALUE

At 28 February 2025

3,872,007

At 28 February 2024

3,872,007

Fair value at 28 February 2025 is represented by:

£

Valuation in 2023

375,813

Cost

3,496,194

3,872,007

The directors have revalued the property in August 2023 based on the open market value and, in their opinion, this reflects the fair value at 28 February 2025.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

2,367,159

967,440

Amounts owed by group undertakings

1,281,392

1,266,185

Other debtors

715,888

17,254

4,364,439

2,250,879

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

271,292

533,439

Amounts owed to group undertakings

5,991,590

5,732,906

Taxation and social security

1,099,161

761,934

Other creditors

39,979

64,669

7,402,022

7,092,948

9.

RESERVES

Non-distributable

reserve

£

At 29 February 2024

256,253

Transfer of reserves

6,475

At 28 February 2025

262,728

10.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases expiring in 2031 amount to £600,000 (2024: £700,000).

11.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Boston Interiors Holdings Limited.