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REGISTERED NUMBER: SC245575 (Scotland)















Financial Statements for the Year Ended 31st December 2022

for

Border Caravans Limited

Border Caravans Limited (Registered number: SC245575)






Contents of the Financial Statements
for the Year Ended 31st December 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 6


Border Caravans Limited

Company Information
for the Year Ended 31st December 2022







DIRECTORS: B Wetherley
Mrs J Wetherley
K P Taylor
P B R Taylor
Mrs S J Taylor
N E Carlyle
D A Gifford
S A MacDonald


REGISTERED OFFICE: c/o Farries, Kirk & McVean
Dumfries Enterprise Park
Heathhall
Dumfries
DG1 3SJ


REGISTERED NUMBER: SC245575 (Scotland)


AUDITORS: Farries, Kirk and McVean
Chartered Accountants
Statutory Auditors
Dumfries Enterprise Park
Heathhall
Dumfries
DUMFRIESSHIRE
DG1 3SJ


BANKERS: HSBC Bank plc
189 - 191 High Street
Gosforth
Newcastle upon Tyne
NE3 1HE


SOLICITORS: Walker & Sharpe
37 George Street
Dumfries
DG1 1EB

Border Caravans Limited (Registered number: SC245575)

Balance Sheet
31st December 2022

2022 2021
Notes £    £   
FIXED ASSETS
Investments 4 2,588,631 2,588,631

CURRENT ASSETS
Stocks 3,438,164 2,907,042
Debtors 5 2,614,800 2,744,357
6,052,964 5,651,399
CREDITORS
Amounts falling due within one year 6 (3,598,129 ) (2,869,477 )
NET CURRENT ASSETS 2,454,835 2,781,922
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,043,466

5,370,553

CREDITORS
Amounts falling due after more than one year 7 (1,640,502 ) (1,894,656 )
NET ASSETS 3,402,964 3,475,897

CAPITAL AND RESERVES
Called up share capital 650,000 650,000
Retained earnings 2,752,964 2,825,897
SHAREHOLDERS' FUNDS 3,402,964 3,475,897

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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

The financial statements were approved by the Board of Directors and authorised for issue on 31st October 2023 and were signed on its behalf by:





B Wetherley - Director


Border Caravans Limited (Registered number: SC245575)

Notes to the Financial Statements
for the Year Ended 31st December 2022

1. STATUTORY INFORMATION

Border Caravans 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 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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 Statement of Income and Retained Earnings, 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.

Border Caravans Limited (Registered number: SC245575)

Notes to the Financial Statements - continued
for the Year Ended 31st December 2022

2. ACCOUNTING POLICIES - continued

Financial instruments
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors
Trade debtors are amounts due from customers for the sale of goods and services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price and represent the full value of the goods and services charged to customers, including any amounts charged on for third parties.

Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date they are presented as non current liabilities.

Borrowings
Interest bearing borrowings are initially recorded at fair value, net of transaction costs. Interest bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transactions costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Provisions and contingencies
Provisions are recognised when the company has a present legal or constructive obligation as a result of past events; it is probable that an outflow of resources will be required to settle the obligation; and the amount of the obligation can be estimated reliably.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2021 - 1 ) .

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1st January 2022
and 31st December 2022 2,588,631
NET BOOK VALUE
At 31st December 2022 2,588,631
At 31st December 2021 2,588,631

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Westlands Country Park Limited
Registered office: Scotland
Nature of business:
%
Class of shares: holding
Ordinary 100.00

Border Caravans Limited (Registered number: SC245575)

Notes to the Financial Statements - continued
for the Year Ended 31st December 2022

4. FIXED ASSET INVESTMENTS - continued

Riverside Caravan Park (Hawick) Limited
Registered office: England
Nature of business:
%
Class of shares: holding
Ordinary 100.00

Portzim Limited
Registered office: England
Nature of business:
%
Class of shares: holding
Ordinary 100.00

Mouswald Park Limited
Registered office: Scotland
Nature of business:
%
Class of shares: holding
Ordinary 100.00

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 375,500 514,500
Amounts owed by group undertakings 2,115,479 2,180,424
Other debtors 123,821 49,433
2,614,800 2,744,357

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 1,743,648 1,242,203
Hire purchase contracts 87,013 87,013
Trade creditors 1,596,854 1,389,425
Amounts owed to group undertakings 155,960 135,481
Taxation and social security 954 5,895
Other creditors 13,700 9,460
3,598,129 2,869,477

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2022 2021
£    £   
Bank loans 1,567,991 1,735,131
Hire purchase contracts 72,511 159,525
1,640,502 1,894,656

8. SECURED DEBTS

The following secured debts are included within creditors:

2022 2021
£    £   
Bank loans 1,789,141 1,956,281

Bank loans are secured by way of unlimited guarantee and bond and floating charges over the assets of the company.

Border Caravans Limited (Registered number: SC245575)

Notes to the Financial Statements - continued
for the Year Ended 31st December 2022

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Mr Rodney Palmer, BA, CA (Senior Statutory Auditor)
for and on behalf of Farries, Kirk and McVean

10. RELATED PARTY DISCLOSURES

During the year, total dividends of £57,500 (2021 - £100,000) were paid to the directors .

As at 31st December 2022 the company was owed £2,115,478 (2021 - £2,180,424) from loans to its wholly owned subsidiaries. The amounts owed to the company are interest free with no fixed date for repayment.
The company owed £155,960 (2021 - £135,481) from a loan to a wholly owned subsidiary. The amount owed is interest free with no fixed date of repayment.
The company received dividends of £222,000 (2021 - £222,000), and management fees of £36,000 (2021 - £36,000) from subsidiaries during the year.
The company operates a directors' current account. At 31st December 2022 the company was owed £67,244 (2021 - £1,040) at the year end. This sum is interest free and repayable on demand.
The company made sales of £978,462 (2021 - £1,573,352) to subsidiaries in the year. The sum of £375,500 (2021 - £514,500) was due at the year end from subsidiaries in respect of sales. The company owed subsidiaries £4,150 (2021 - £3,320) at the year end.