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REGISTERED NUMBER: SC297249 (Scotland)















Unaudited Financial Statements for the Year Ended 31 March 2018

for

Borders Property Limited

Borders Property Limited (Registered number: SC297249)






Contents of the Financial Statements
for the Year Ended 31 March 2018




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Borders Property Limited

Company Information
for the Year Ended 31 March 2018







DIRECTORS: R A Hastings
A Livingstone





SECRETARY: A Livingstone





REGISTERED OFFICE: 15 The Square
Kelso
Roxburghshire
TD5 7HH





REGISTERED NUMBER: SC297249 (Scotland)





ACCOUNTANTS: Douglas Home & Co Ltd
Chartered Accountants
47-49 The Square
Kelso
Roxburghshire
TD5 7HW

Borders Property Limited (Registered number: SC297249)

Statement of Financial Position
31 March 2018

31/3/18 31/3/17
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 318,750 356,250
Property, plant and equipment 5 7,502 10,867
326,252 367,117

CURRENT ASSETS
Debtors 6 143,210 74,882
Cash at bank and in hand 26,846 36,300
170,056 111,182
CREDITORS
Amounts falling due within one year 7 353,683 350,832
NET CURRENT LIABILITIES (183,627 ) (239,650 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

142,625

127,467

PROVISIONS FOR LIABILITIES 1,000 1,000
NET ASSETS 141,625 126,467

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 141,525 126,367
SHAREHOLDERS' FUNDS 141,625 126,467

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 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.

Borders Property Limited (Registered number: SC297249)

Statement of Financial Position - continued
31 March 2018


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 9 October 2018 and were signed on its behalf by:




A Livingstone - Director



R A Hastings - Director


Borders Property Limited (Registered number: SC297249)

Notes to the Financial Statements
for the Year Ended 31 March 2018

1. STATUTORY INFORMATION

Borders Property Limited is a private company, limited by shares , registered in Scotland. The company's
registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

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

Turnover
Turnover represents net invoiced sales of services, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of businesses in 2006 and 2010, are being
amortised evenly over their estimated useful lives of twenty years and two years respectively.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost
less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Tenants improvements - 15% on reducing balance
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the
statement of financial position 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.

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.

Borders Property Limited (Registered number: SC297249)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2018

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2017 - 10 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2017
and 31 March 2018 810,000
AMORTISATION
At 1 April 2017 453,750
Charge for year 37,500
At 31 March 2018 491,250
NET BOOK VALUE
At 31 March 2018 318,750
At 31 March 2017 356,250

5. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Tenants Plant and and Computer
improvements machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 April 2017 2,034 5,725 7,920 17,823 33,502
Additions - - - 385 385
At 31 March 2018 2,034 5,725 7,920 18,208 33,887
DEPRECIATION
At 1 April 2017 1,639 3,525 1,374 16,097 22,635
Charge for year 59 448 2,233 1,010 3,750
At 31 March 2018 1,698 3,973 3,607 17,107 26,385
NET BOOK VALUE
At 31 March 2018 336 1,752 4,313 1,101 7,502
At 31 March 2017 395 2,200 6,546 1,726 10,867

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/18 31/3/17
£    £   
Trade debtors 90,506 65,297
Other debtors 6,050 -
Client account surplus 37,795 6,166
Prepayments 8,859 3,419
143,210 74,882

Borders Property Limited (Registered number: SC297249)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2018

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/18 31/3/17
£    £   
Trade creditors 3,700 4,608
Tax 27,980 32,533
VAT 42,671 30,843
Directors' loan accounts 273,423 276,579
Accrued expenses 5,909 6,269
353,683 350,832

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2018 and
31 March 2017:

31/3/18 31/3/17
£    £   
R A Hastings
Balance outstanding at start of year (181,653 ) (230,972 )
Amounts advanced 50,185 103,104
Amounts repaid (141,955 ) (53,785 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (273,423 ) (181,653 )

A Livingstone
Balance outstanding at start of year (94,926 ) (169,337 )
Amounts advanced 104,926 92,154
Amounts repaid (10,000 ) (17,743 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - (94,926 )

Included in amounts advanced are monthly drawings, amounts repaid include dividends raised in the year. On 31
March 2018 Mr A Livingstone assigned his full directors loan balance to Mr R Hastings.