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REGISTERED NUMBER: 06753789 (England and Wales)















Unaudited Financial Statements

for the Year Ended 25 January 2022

for

Borrowdale Construction Homes Limited

Borrowdale Construction Homes Limited (Registered number: 06753789)






Contents of the Financial Statements
for the year ended 25 January 2022




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Borrowdale Construction Homes Limited

Company Information
for the year ended 25 January 2022







DIRECTORS: Mrs K M Hounsell
Mr C J Hounsell
Mr S Hounsell





SECRETARY: Mrs K M Hounsell





REGISTERED OFFICE: Lancaster House
Sopwith Crescent
Shotgate
Wickford
Essex
SS11 8YU





REGISTERED NUMBER: 06753789 (England and Wales)





ACCOUNTANTS: Macrays Accountants & Business Advisers
Lancaster House
Sopwith Crescent
Shotgate
Wickford
Essex
SS11 8YU

Borrowdale Construction Homes Limited (Registered number: 06753789)

Abridged Balance Sheet
25 January 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 52,131 62,624
Investment property 5 1,262,389 650,000
1,314,520 712,624

CURRENT ASSETS
Stocks 10,000 50,500
Debtors 159,322 78,128
Cash at bank and in hand 442,851 396,695
612,173 525,323
CREDITORS
Amounts falling due within one year 242,966 103,986
NET CURRENT ASSETS 369,207 421,337
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,683,727

1,133,961

CREDITORS
Amounts falling due after more than one
year

(1,947

)

(7,789

)

PROVISIONS FOR LIABILITIES (32,500 ) (20,040 )
NET ASSETS 1,649,280 1,106,132

Borrowdale Construction Homes Limited (Registered number: 06753789)

Abridged Balance Sheet - continued
25 January 2022

2022 2021
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 104 104
Retained earnings 6 1,649,176 1,106,028
SHAREHOLDERS' FUNDS 1,649,280 1,106,132

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 25 January 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 25 January 2022 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 25 January 2022 in accordance with Section 444(2A) of the Companies Act 2006.

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 and authorised for issue on 12 August 2022 and were signed on its behalf by:





Mrs K M Hounsell - Director


Borrowdale Construction Homes Limited (Registered number: 06753789)

Notes to the Financial Statements
for the year ended 25 January 2022

1. STATUTORY INFORMATION

Borrowdale Construction Homes Limited is a private company, limited by shares , registered in England and Wales. 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 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.

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

Plant and Equipment 25% WDV
Motor Vehicles 25% WDV
Computer Equipment 25% WDV

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 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 balance sheet date.


Borrowdale Construction Homes Limited (Registered number: 06753789)

Notes to the Financial Statements - continued
for the year ended 25 January 2022

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2021 - NIL ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 26 January 2021 209,383
Additions 2,700
At 25 January 2022 212,083
DEPRECIATION
At 26 January 2021 146,759
Charge for year 13,193
At 25 January 2022 159,952
NET BOOK VALUE
At 25 January 2022 52,131
At 25 January 2021 62,624

Borrowdale Construction Homes Limited (Registered number: 06753789)

Notes to the Financial Statements - continued
for the year ended 25 January 2022

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 26 January 2021 650,000
Additions 542,389
Revaluations 70,000
At 25 January 2022 1,262,389
NET BOOK VALUE
At 25 January 2022 1,262,389
At 25 January 2021 650,000

Fair value at 25 January 2022 is represented by:
£   
Valuation in 2019 13,002
Valuation in 2020 11,232
Valuation in 2021 77,181
Valuation in 2022 70,000
Cost 1,090,974
1,262,389

If Investment Property had not been revalued it would have been included at the following historical cost:

2022 2021
£    £   
Cost 1,090,597 561,587

Investment Property was valued on a fair value basis on 25 January 2022 by the directors .

Borrowdale Construction Homes Limited (Registered number: 06753789)

Notes to the Financial Statements - continued
for the year ended 25 January 2022

6. RESERVES
Retained
earnings
£   

At 26 January 2021 1,106,028
Profit for the year 573,148
Dividends (30,000 )
At 25 January 2022 1,649,176