BOSTON HOLDINGS LIMITED

BOSTON HOLDINGS LIMITED - Company Information

2022-01-012022-12-312022-12-31false04647410BOSTON HOLDINGS LIMITED2023-08-2468209iso4217:GBPxbrli:pure046474102022-01-01046474102022-12-31046474102022-01-012022-12-31046474102021-01-01046474102021-12-31046474102021-01-012021-12-3104647410bus:SmallEntities2022-01-012022-12-3104647410bus:AuditExempt-NoAccountantsReport2022-01-012022-12-3104647410bus:FullAccounts2022-01-012022-12-3104647410bus:PrivateLimitedCompanyLtd2022-01-012022-12-3104647410core:WithinOneYear2022-12-3104647410core:AfterOneYear2022-12-3104647410core:WithinOneYear2021-12-3104647410core:AfterOneYear2021-12-3104647410core:ShareCapital2022-12-3104647410core:SharePremium2022-12-3104647410core:RevaluationReserve2022-12-3104647410core:OtherReservesSubtotal2022-12-3104647410core:RetainedEarningsAccumulatedLosses2022-12-3104647410core:ShareCapital2021-12-3104647410core:SharePremium2021-12-3104647410core:RevaluationReserve2021-12-3104647410core:OtherReservesSubtotal2021-12-3104647410core:RetainedEarningsAccumulatedLosses2021-12-3104647410core:LandBuildings2022-12-3104647410core:PlantMachinery2022-12-3104647410core:Vehicles2022-12-3104647410core:FurnitureFittings2022-12-3104647410core:OfficeEquipment2022-12-3104647410core:NetGoodwill2022-12-3104647410core:IntangibleAssetsOtherThanGoodwill2022-12-3104647410core:ListedExchangeTraded2022-12-3104647410core:UnlistedNon-exchangeTraded2022-12-3104647410core:LandBuildings2021-12-3104647410core:PlantMachinery2021-12-3104647410core:Vehicles2021-12-3104647410core:FurnitureFittings2021-12-3104647410core:OfficeEquipment2021-12-3104647410core:NetGoodwill2021-12-3104647410core:IntangibleAssetsOtherThanGoodwill2021-12-3104647410core:ListedExchangeTraded2021-12-3104647410core:UnlistedNon-exchangeTraded2021-12-3104647410core:LandBuildings2022-01-012022-12-3104647410core:PlantMachinery2022-01-012022-12-3104647410core:Vehicles2022-01-012022-12-3104647410core:FurnitureFittings2022-01-012022-12-3104647410core:OfficeEquipment2022-01-012022-12-3104647410core:NetGoodwill2022-01-012022-12-3104647410core:IntangibleAssetsOtherThanGoodwill2022-01-012022-12-3104647410core:ListedExchangeTraded2022-01-012022-12-3104647410core:UnlistedNon-exchangeTraded2022-01-012022-12-3104647410core:MoreThanFiveYears2022-01-012022-12-3104647410core:Non-currentFinancialInstruments2022-12-3104647410core:Non-currentFinancialInstruments2021-12-3104647410dpl:CostSales2022-01-012022-12-3104647410dpl:DistributionCosts2022-01-012022-12-3104647410dpl:AdministrativeExpenses2022-01-012022-12-3104647410core:LandBuildings2022-01-012022-12-3104647410core:PlantMachinery2022-01-012022-12-3104647410core:Vehicles2022-01-012022-12-3104647410core:FurnitureFittings2022-01-012022-12-3104647410core:OfficeEquipment2022-01-012022-12-3104647410core:NetGoodwill2022-01-012022-12-3104647410core:IntangibleAssetsOtherThanGoodwill2022-01-012022-12-3104647410dpl:GroupUndertakings2022-01-012022-12-3104647410dpl:ParticipatingInterests2022-01-012022-12-3104647410dpl:GroupUndertakingscore:ListedExchangeTraded2022-01-012022-12-3104647410core:ListedExchangeTraded2022-01-012022-12-3104647410dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-01-012022-12-3104647410core:UnlistedNon-exchangeTraded2022-01-012022-12-3104647410dpl:CostSales2021-01-012021-12-3104647410dpl:DistributionCosts2021-01-012021-12-3104647410dpl:AdministrativeExpenses2021-01-012021-12-3104647410core:LandBuildings2021-01-012021-12-3104647410core:PlantMachinery2021-01-012021-12-3104647410core:Vehicles2021-01-012021-12-3104647410core:FurnitureFittings2021-01-012021-12-3104647410core:OfficeEquipment2021-01-012021-12-3104647410core:NetGoodwill2021-01-012021-12-3104647410core:IntangibleAssetsOtherThanGoodwill2021-01-012021-12-3104647410dpl:GroupUndertakings2021-01-012021-12-3104647410dpl:ParticipatingInterests2021-01-012021-12-3104647410dpl:GroupUndertakingscore:ListedExchangeTraded2021-01-012021-12-3104647410core:ListedExchangeTraded2021-01-012021-12-3104647410dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-01-012021-12-3104647410core:UnlistedNon-exchangeTraded2021-01-012021-12-3104647410core:NetGoodwill2022-12-3104647410core:IntangibleAssetsOtherThanGoodwill2022-12-3104647410core:LandBuildings2022-12-3104647410core:PlantMachinery2022-12-3104647410core:Vehicles2022-12-3104647410core:FurnitureFittings2022-12-3104647410core:OfficeEquipment2022-12-3104647410core:AfterOneYear2022-12-3104647410core:WithinOneYear2022-12-3104647410core:ListedExchangeTraded2022-12-3104647410core:UnlistedNon-exchangeTraded2022-12-3104647410core:ShareCapital2022-12-3104647410core:SharePremium2022-12-3104647410core:RevaluationReserve2022-12-3104647410core:OtherReservesSubtotal2022-12-3104647410core:RetainedEarningsAccumulatedLosses2022-12-3104647410core:NetGoodwill2021-12-3104647410core:IntangibleAssetsOtherThanGoodwill2021-12-3104647410core:LandBuildings2021-12-3104647410core:PlantMachinery2021-12-3104647410core:Vehicles2021-12-3104647410core:FurnitureFittings2021-12-3104647410core:OfficeEquipment2021-12-3104647410core:AfterOneYear2021-12-3104647410core:WithinOneYear2021-12-3104647410core:Liste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Registered Number
04647410
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2022

BOSTON HOLDINGS LIMITED

Company Information
for the year from 1 January 2022 to 31 December 2022


Directors	M B Spencer
	M T Spencer


Registered Address	Boston House, High Street
	Boston Spa
	Wetherby
	LS23 6AD


Registered Number	04647410 (England and Wales)

BOSTON HOLDINGS LIMITED

Balance Sheet as at
31 December 2022

	Notes	2022		2021
		£	£	£	£
Fixed assets
Tangible assets	5		62,759		67,586
Investments	6		5,500		5,500
Investment property	7		6,313,000		6,313,000
			6,381,259		6,386,086
Current assets
Debtors	9	52,046		45,748
Cash at bank and on hand		308,029		404,392
		360,075		450,140
Creditors amounts falling due within one year	10	(63,302)		(75,190)
Net current assets (liabilities)			296,773		374,950
Total assets less current liabilities			6,678,032		6,761,036
Provisions for liabilities	11		(548,631)		(548,631)
Net assets			6,129,401		6,212,405
Capital and reserves
Called up share capital			5,400		5,400
Other reserves			2,338,899		2,338,899
Profit and loss account			3,785,102		3,868,106
Shareholders' funds			6,129,401		6,212,405

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. The directors have chosen to not file a copy of the company’s profit and loss account.

The financial statements were approved and authorised for issue by the Board of Directors on 24 August 2023, and are signed on its behalf by:

M B Spencer
Director

M T Spencer
Director

Registered Company No. 04647410

BOSTON HOLDINGS LIMITED

Notes to the Financial Statements
for the year ended 31 December 2022

1.	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	Compliance with applicable reporting framework
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

3.	Accounting policies

	Property, plant and equipment policy
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


		Straight line (years)
	Fixtures and fittings	20

	Investment property policy
	Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

	Revenue recognition policy
	Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Revenue recognition policy

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Taxation policy
	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 policy
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax policy

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Investments policy
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

Investments policy

Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

4.	Employee information


		2022		2021
	Average number of employees during the year	2		2

5.	Property, plant and equipment

	Fixtures & fittings	Total
	£	£
Cost or valuation
At 01 January 22	96,552	96,552
At 31 December 22	96,552	96,552
Depreciation and impairment
At 01 January 22	28,966	28,966
Charge for year	4,828	4,828
Other adjustments	(1)	(1)
At 31 December 22	33,793	33,793
Net book value
At 31 December 22	62,759	62,759
At 31 December 21	67,586	67,586

6.	Fixed asset investments

	Investments in groups¹	Total
	£	£
Cost or valuation
At 01 January 22	5,500	5,500
At 31 December 22	5,500	5,500
Net book value
At 31 December 22	5,500	5,500
At 31 December 21	5,500	5,500

	Notes
	¹Investments in group undertakings and participating interests

7.	Investment property
	The freehold investment properties have been valued by the directors using their experience in the property market and based upon historical sales values of similar properties in the surrounding areas.


		£
	Fair value at 01 January 22	6,313,000
	At 31 December 22	6,313,000

8.	Description of nature of transactions and balances with related parties
	During the year, the company loaned funds to a subsidiary company at a nil interest rate. The amount due to the company at the balance sheet date was £48,460 (2021: £28,460).

9.	Debtors

	2022	2021
	£	£
Amounts owed by group undertakings	48,460	28,460
Other debtors	900	10,598
Prepayments and accrued income	2,686	6,690
Total	52,046	45,748


	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

10.	Creditors within one year

	2022	2021
	£	£
Trade creditors / trade payables	3,574	16,326
Amounts owed to related parties	10,000	10,000
Taxation and social security	33,619	25,589
Other creditors	10,594	18,673
Accrued liabilities and deferred income	5,515	4,602
Total	63,302	75,190


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

11.	Provisions for liabilities

	2022	2021
	£	£
Net deferred tax liability (asset)	548,631	548,631
Total	548,631	548,631