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REGISTERED NUMBER: 06385606 (England and Wales)







FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH JUNE 2023

FOR

BORDER SOFTWOOD LIMITED

BORDER SOFTWOOD LIMITED (REGISTERED NUMBER: 06385606)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


BORDER SOFTWOOD LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH JUNE 2023







DIRECTOR: C D Bevan Jones





REGISTERED OFFICE: The Old Police Station
Whitburn Street
Bridgnorth
Shropshire
WV16 4QP





REGISTERED NUMBER: 06385606 (England and Wales)





ACCOUNTANTS: Stanton Ralph & Co Limited
Chartered Accountants
The Old Police Station
Whitburn Street
Bridgnorth
Shropshire
WV16 4QP

BORDER SOFTWOOD LIMITED (REGISTERED NUMBER: 06385606)

ABRIDGED BALANCE SHEET
30TH JUNE 2023

30.6.22 30.6.23
£    £    Notes £    £   
FIXED ASSETS
143,777 Tangible assets 4 -
50 Investments 5 50
605,209 Investment property 6 2,015,000
749,036 2,015,050

CURRENT ASSETS
30,911 Debtors 20,732
15,851 Cash at bank 34,273
46,762 55,005
CREDITORS
153,408 Amounts falling due within one year 678,242
(106,646 ) NET CURRENT LIABILITIES (623,237 )
642,390 TOTAL ASSETS LESS CURRENT LIABILITIES 1,391,813

CREDITORS

(331,412

)
Amounts falling due after more than one
year

7

(554,786

)

(19,593 ) PROVISIONS FOR LIABILITIES (2,960 )
291,385 NET ASSETS 834,067

CAPITAL AND RESERVES
100 Called up share capital 100
73,584 Revaluation reserve 9 73,584
217,701 Retained earnings 9 760,383
291,385 834,067

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

BORDER SOFTWOOD LIMITED (REGISTERED NUMBER: 06385606)

ABRIDGED BALANCE SHEET - continued
30TH JUNE 2023


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 Income Statement and an abridged Balance Sheet for the year ended 30th June 2023 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 director and authorised for issue on 31st October 2023 and were signed by:





C D Bevan Jones - Director


BORDER SOFTWOOD LIMITED (REGISTERED NUMBER: 06385606)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2023

1. STATUTORY INFORMATION

Border Softwood 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 machinery etc - 4% on cost

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.

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.

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 2 (2022 - 2 ) .

BORDER SOFTWOOD LIMITED (REGISTERED NUMBER: 06385606)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2023

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st July 2022 174,327
Reclassification/transfer (174,327 )
At 30th June 2023 -
DEPRECIATION
At 1st July 2022 30,550
Reclassification/transfer (30,550 )
At 30th June 2023 -
NET BOOK VALUE
At 30th June 2023 -
At 30th June 2022 143,777

5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1st July 2022
and 30th June 2023 50
NET BOOK VALUE
At 30th June 2023 50
At 30th June 2022 50

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st July 2022 605,209
Additions 761,092
Revaluations 504,922
Reclassification/transfer 143,777
At 30th June 2023 2,015,000
NET BOOK VALUE
At 30th June 2023 2,015,000
At 30th June 2022 605,209

Fair value at 30th June 2023 is represented by:
£   
Valuation in 2018 90,845
Valuation in 2023 504,921
Cost 1,419,234
2,015,000

BORDER SOFTWOOD LIMITED (REGISTERED NUMBER: 06385606)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS
30.6.23 30.6.22
£    £   
Repayable by instalments
Bank loans more 5 yr by instal 298,840 128,449

8. SECURED DEBTS

The following secured debts are included within creditors:

30.6.23 30.6.22
£    £   
Bank loans 644,461 383,510

The National Westminster Bank PLC has a fixed charge over the land at Units E17, E18 and G12 Wem Industrial Estate, Wem, Shropshire.
The Handelsbanken PLC has a fixed charge over the freehold property at 3 Ashford Avenue, Pontesbury, Shrewsbury.

9. RESERVES
Retained Revaluation
Totals earnings reserve
£    £    £   

At 1st July 2022 291,285 217,701 73,584
Profit for the year 571,822 571,822
Dividends (29,140 ) (29,140 )
At 30th June 2023 833,967 760,383 73,584