REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 25 January 2022 |
for |
Borrowdale Construction Limited |
REGISTERED NUMBER: |
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: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
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 |
CURRENT ASSETS |
Debtors |
Cash at bank |
CREDITORS |
Amounts falling due within one year |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
5 |
( |
) |
( |
) |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Fair value reserve | 6 |
Retained earnings | 6 |
SHAREHOLDERS' FUNDS |
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 |
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 |
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 |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Tangible fixed assets |
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 |
Revaluations |
At 25 January 2022 |
DEPRECIATION |
At 26 January 2021 |
Charge for year |
At 25 January 2022 |
NET BOOK VALUE |
At 25 January 2022 |
At 25 January 2021 |
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 | 2,463,336 |
Profit for the year |
Dividends | ( |
) | ( |
) |
Freehold Property | (1,076,832 | ) | 1,076,831 | (1 | ) |
At 25 January 2022 | 2,960,244 |