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REGISTERED NUMBER: 05480049 (England and Wales)
























Unaudited Financial Statements

for the Year Ended 28 June 2023

for

BORTESHIES LIMITED

BORTESHIES LIMITED (REGISTERED NUMBER: 05480049)






Contents of the Financial Statements
for the Year Ended 28 June 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


BORTESHIES LIMITED

Company Information
for the Year Ended 28 June 2023







DIRECTORS: A Georgiou
Mrs A Georgiou



SECRETARY: A Georgiou



REGISTERED OFFICE: 573 Chester Road
Sutton Coldfield
West Midlands
B73 5HU



REGISTERED NUMBER: 05480049 (England and Wales)



ACCOUNTANTS: A K Papadamou & Co
Accountants & Tax Advisors
573 Chester Road
Sutton Coldfield
West Midlands
B73 5HU



BANKERS: Cynergy Bank
PO Box 17484
87 Chase Side
London
N14 5WH

BORTESHIES LIMITED (REGISTERED NUMBER: 05480049)

Statement of Financial Position
28 June 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 371,187 398,297
Tangible assets 5 59,890 59,801
Investment property 6 210,000 210,000
641,077 668,098

CURRENT ASSETS
Stocks 4,653 4,165
Prepayments and accrued income 6,929 12,408
Cash at bank and in hand 46,791 28,880
58,373 45,453
CREDITORS
Amounts falling due within one year 7 361,563 427,447
NET CURRENT LIABILITIES (303,190 ) (381,994 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

337,887

286,104

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 337,885 286,102
SHAREHOLDERS' FUNDS 337,887 286,104

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 June 2023 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.

BORTESHIES LIMITED (REGISTERED NUMBER: 05480049)

Statement of Financial Position - continued
28 June 2023


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 March 2024 and were signed on its behalf by:





A Georgiou - Director


BORTESHIES LIMITED (REGISTERED NUMBER: 05480049)

Notes to the Financial Statements
for the Year Ended 28 June 2023

1. STATUTORY INFORMATION

Borteshies 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.

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

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 10% on reducing balance

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.

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 18 (2022 - 21 ) .

BORTESHIES LIMITED (REGISTERED NUMBER: 05480049)

Notes to the Financial Statements - continued
for the Year Ended 28 June 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 29 June 2022
and 28 June 2023 710,172
AMORTISATION
At 29 June 2022 311,875
Charge for year 27,110
At 28 June 2023 338,985
NET BOOK VALUE
At 28 June 2023 371,187
At 28 June 2022 398,297

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
Short to and
leasehold property fittings Totals
£    £    £    £   
COST
At 29 June 2022 1 19,574 131,172 150,747
Additions - - 6,744 6,744
At 28 June 2023 1 19,574 137,916 157,491
DEPRECIATION
At 29 June 2022 - 10,667 80,279 90,946
Charge for year - 891 5,764 6,655
At 28 June 2023 - 11,558 86,043 97,601
NET BOOK VALUE
At 28 June 2023 1 8,016 51,873 59,890
At 28 June 2022 1 8,907 50,893 59,801

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 29 June 2022
and 28 June 2023 210,000
NET BOOK VALUE
At 28 June 2023 210,000
At 28 June 2022 210,000

BORTESHIES LIMITED (REGISTERED NUMBER: 05480049)

Notes to the Financial Statements - continued
for the Year Ended 28 June 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 177,045 238,084
Trade creditors 6,957 12,115
Tax 19,690 36,621
Social security and other taxes 39,042 36,865
Other creditors 107,099 70,753
Directors' current accounts 5,693 27,685
Accruals and deferred income 6,037 5,324
361,563 427,447

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 177,045 238,084

The bank loan and overdraft is secured personally by the directors of the company Mr and Mrs A Georgiou and against the company's assets.

9. ULTIMATE CONTROLLING PARTY

The company is under the direct control of Mr A and Mrs A Georgiou, company directors.