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REGISTERED NUMBER: 01786411 (England and Wales)















Unaudited Financial Statements

for the Year Ended 25 January 2022

for

Borrowdale Construction Limited

Borrowdale Construction Limited (Registered number: 01786411)






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 Limited

Company Information
for the year ended 25 January 2022







DIRECTORS: Mr J Hounsell
Mrs K M Hounsell





SECRETARY: Mr J Hounsell





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





REGISTERED NUMBER: 01786411 (England and Wales)





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

Borrowdale Construction Limited (Registered number: 01786411)

Abridged Balance Sheet
25 January 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,650,916 3,218,452

CURRENT ASSETS
Debtors - 3,000
Cash at bank 36,755 33,927
36,755 36,927
CREDITORS
Amounts falling due within one year 205,398 108,878
NET CURRENT LIABILITIES (168,643 ) (71,951 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,482,273

3,146,501

CREDITORS
Amounts falling due after more than
one year

5

(307,596

)

(468,732

)

PROVISIONS FOR LIABILITIES (214,423 ) (214,423 )
NET ASSETS 2,960,254 2,463,346

CAPITAL AND RESERVES
Called up share capital 10 10
Fair value reserve 6 1,560,866 484,035
Retained earnings 6 1,399,378 1,979,301
SHAREHOLDERS' FUNDS 2,960,254 2,463,346

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.

Borrowdale Construction Limited (Registered number: 01786411)

Abridged Balance Sheet - continued
25 January 2022


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:





Mr J Hounsell - Director


Borrowdale Construction Limited (Registered number: 01786411)

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

1. STATUTORY INFORMATION

Borrowdale Construction 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.

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

Freehold Buildings over 20 years
Investment Property no depreciation
Plant and Machinery 25% Reducing Balance
Motor Vehicles 25% Reducing Balance

Investment property is included at fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

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.

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.

Borrowdale Construction Limited (Registered number: 01786411)

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

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Totals
£   
COST OR VALUATION
At 26 January 2021 3,233,530
Revaluations 432,500
At 25 January 2022 3,666,030
DEPRECIATION
At 26 January 2021 15,078
Charge for year 36
At 25 January 2022 15,114
NET BOOK VALUE
At 25 January 2022 3,650,916
At 25 January 2021 3,218,452

Cost or valuation at 25 January 2022 is represented by:

Totals
£   
Valuation in 2017 419,405
Valuation in 2018 10,000
Valuation in 2019 129,176
Valuation in 2020 54,629
Valuation in 2021 515,156
Valuation in 2022 432,500
Cost 2,105,164
3,666,030

Borrowdale Construction Limited (Registered number: 01786411)

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

4. TANGIBLE FIXED ASSETS - continued

If the freehold property had not been revalued it would have been included at the following historical cost:

2022 2021
£    £   
Cost 2,104,734 2,104,734
Aggregate depreciation 14,655 14,634

Value of land in freehold land and buildings 2,090,079 179,640

Freehold land and buildings were valued on a fair value basis on 25 January 2022 by the directors .

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
FIVE YEARS
2022 2021
£    £   
Repayable by instalments
Bank loans more 5 yr by instal 177,476 332,081

6. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 26 January 2021 1,979,301 484,035 2,463,336
Profit for the year 510,909 510,909
Dividends (14,000 ) (14,000 )
Freehold Property (1,076,832 ) 1,076,831 (1 )
At 25 January 2022 1,399,378 1,560,866 2,960,244