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REGISTERED NUMBER: SC732321 (Scotland)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Borders Country Lets Ltd

Borders Country Lets Ltd (Registered number: SC732321)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Borders Country Lets Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: R A Hastings
Mrs H O Hastings
Ms N M Hastings





REGISTERED OFFICE: 51 High Street
Coldstream
TD12 4DL





REGISTERED NUMBER: SC732321 (Scotland)





ACCOUNTANTS: EQ Accountants (Trading name)
Douglas Home & Co Ltd
47-49 The Square
Kelso
Roxburghshire
TD5 7HW

Borders Country Lets Ltd (Registered number: SC732321)

Balance Sheet
31 March 2024

31/3/24 31/3/23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 185,014 195,014
Property, plant and equipment 5 5,662 -
190,676 195,014

CURRENT ASSETS
Debtors 6 100 30,100
Cash at bank and in hand 40,957 28,784
41,057 58,884
CREDITORS
Amounts falling due within one year 7 8,545 29,650
NET CURRENT ASSETS 32,512 29,234
TOTAL ASSETS LESS CURRENT
LIABILITIES

223,188

224,248

PROVISIONS FOR LIABILITIES 1,000 -
NET ASSETS 222,188 224,248

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 222,088 224,148
222,188 224,248

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

Borders Country Lets Ltd (Registered number: SC732321)

Balance Sheet - continued
31 March 2024


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 25 July 2024 and were signed on its behalf by:





R A Hastings - Director


Borders Country Lets Ltd (Registered number: SC732321)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Borders Country Lets Ltd 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
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2022, is being amortised evenly over its estimated useful life of twenty years.

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 - 25% on cost
Computer equipment - 25% on cost

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 2 ) .

Borders Country Lets Ltd (Registered number: SC732321)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 200,000
AMORTISATION
At 1 April 2023 4,986
Charge for year 10,000
At 31 March 2024 14,986
NET BOOK VALUE
At 31 March 2024 185,014
At 31 March 2023 195,014

5. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
Additions 7,066
At 31 March 2024 7,066
DEPRECIATION
Charge for year 1,404
At 31 March 2024 1,404
NET BOOK VALUE
At 31 March 2024 5,662

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Amounts owed by group undertakings 100 30,100

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Trade creditors 1,029 -
Taxation and social security 6,676 19,428
Other creditors 840 10,222
8,545 29,650

8. ULTIMATE CONTROLLING PARTY

The controlling party is Hastings Property Group Ltd.