Boston Holdings Limited - Period Ending 2015-12-31

BOSTON HOLDINGS LIMITED - Company Information

Registration number: 04647410

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Boston Holdings Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 December 2015

Boston House Limited
Boston House
214 High Street
Boston Spa
LS23 6AD

Boston Holdings Limited

Contents

Accountants' Report	1
Abbreviated Balance Sheet	2 to 3
Notes to the Abbreviated Accounts	4 to 6

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 6) have been prepared.

Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Boston Holdings Limited
for the Year Ended 31 December 2015

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Boston Holdings Limited for the year ended 31 December 2015 set out on pages 2 to 6 from the company's accounting records and from information and explanations you have given us.

It is your duty to ensure that Boston Holdings Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Boston Holdings Limited. You consider that Boston Holdings Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Boston Holdings Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Boston House Limited
Boston House
214 High Street
Boston Spa
LS23 6AD

28 September 2016

Page 1

Boston Holdings Limited

(Registration number: 04647410)
Abbreviated Balance Sheet as at 31 December 2015

	Note	2015 £	2014 £
Fixed assets
Tangible assets		4,720,669	4,333,482
Investments		5,500	5,500
		4,726,169	4,338,982
Current assets
Debtors		21,599	14,622
Cash at bank and in hand		77,287	319,923
		98,886	334,545
Creditors: Amounts falling due within one year		(240,194)	(145,770)
Net current (liabilities)/assets		(141,308)	188,775
Total assets less current liabilities		4,584,861	4,527,757
Creditors: Amounts falling due after more than one year		(400,000)	(400,000)
Net assets		4,184,861	4,127,757
Capital and reserves
Called up share capital	4	5,400	5,400
Revaluation reserve		1,220,647	1,220,647
Profit and loss account		2,958,814	2,901,710
Shareholders' funds		4,184,861	4,127,757

For the year ending 31 December 2015 the company was entitled to exemption 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 notes on pages 4 to 6 form an integral part of these financial statements.
Page 2

Boston Holdings Limited

(Registration number: 04647410)
Abbreviated Balance Sheet as at 31 December 2015

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.

Approved by the Board on 28 September 2016 and signed on its behalf by:

.........................................
Mr M B Spencer
Director

.........................................
Mr M T Spencer
Director

The notes on pages 4 to 6 form an integral part of these financial statements.
Page 3

Boston Holdings Limited

Notes to the Abbreviated Accounts

1	Accounting policies

Going concern

The financial statements have been prepared on a going concern basis.

Turnover

The turnover shown in the profit and loss account represents rental and management income receivable in the year.

Revenue recognition

Revenue is recognised to the extent that the company obtains the right to consideration in exchange for its performance.

Fixed asset investments

Fixed asset investments are stated at historical cost less provision for any diminution in value.

2	Fixed assets

	Tangible assets £	Investments £	Total £
Cost
At 1 January 2015	4,333,482	651,981	4,985,463
Additions	387,187	-	387,187
At 31 December 2015	4,720,669	651,981	5,372,650
Depreciation
At 1 January 2015	-	646,481	646,481
At 31 December 2015	-	646,481	646,481
Net book value
At 31 December 2015	4,720,669	5,500	4,726,169
At 31 December 2014	4,333,482	5,500	4,338,982

Page 4

Boston Holdings Limited

Notes to the Abbreviated Accounts

Details of undertakings

Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Country of incorporation

Holding

Proportion of voting rights and shares held

Principal activity

Subsidiary undertakings
Melhome Developments Limited	England and Wales	Ordinary	100%	Property development
Lister Brothers (Upholstery) Limited	England and Wales	Ordinary	100%	Non-trading
Listers of Boston Spa Limited	England and Wales	Ordinary	100%	Non-trading

Creditors

Creditors includes the following liabilities, on which security has been given by the company:

	2015 £	2014 £
Amounts falling due within one year	50,000	-

Page 5

Boston Holdings Limited

Notes to the Abbreviated Accounts

4	Share capital

Allotted, called up and fully paid shares

	2015		2014
	No.	£	No.	£
Ordinary shares of £0.10 each	54,000	5,400.00	54,000	5,400.00

Control

The directors are the controlling party by virtue of their controlling shareholding in the company.

Page 6