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BORDER RESIDENTIAL AGRICULTURAL &
INDUSTRIAL PROPERTIES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2024






BORDER RESIDENTIAL AGRICULTURAL &
INDUSTRIAL PROPERTIES LIMITED (REGISTERED NUMBER: SC047528)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

BORDER RESIDENTIAL AGRICULTURAL &
INDUSTRIAL PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







DIRECTORS: Mrs E M Rodger
Miss S E Rodger



SECRETARY: Mrs E M Rodger



REGISTERED OFFICE: Garden Cottage
Hoebridge Road West
Gattonside
Melrose
TD6 9NB



REGISTERED NUMBER: SC047528 (Scotland)



ACCOUNTANTS: JRW Hogg & Thorburn LLP
Chartered Accountants
19 Buccleuch Street
Hawick
Roxburghshire
TD9 0HL



BANKERS: Bank of Scotland
3 Channel Street
Galashiels
TD1 1BE

BORDER RESIDENTIAL AGRICULTURAL &
INDUSTRIAL PROPERTIES LIMITED (REGISTERED NUMBER: SC047528)

BALANCE SHEET
31ST MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 145 170
Investment property 5 280,000 280,000
280,145 280,170

CURRENT ASSETS
Cash at bank 17,635 19,281

CREDITORS
Amounts falling due within one year 6 23,350 24,780
NET CURRENT LIABILITIES (5,715 ) (5,499 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

274,430

274,671

CAPITAL AND RESERVES
Called up share capital 3 3
Revaluation reserve 7 274,225 274,225
Retained earnings 202 443
SHAREHOLDERS' FUNDS 274,430 274,671

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

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

BORDER RESIDENTIAL AGRICULTURAL &
INDUSTRIAL PROPERTIES LIMITED (REGISTERED NUMBER: SC047528)

BALANCE SHEET - continued
31ST 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 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 12th August 2024 and were signed on its behalf by:




Mrs E M Rodger - Director



Miss S E Rodger - Director


BORDER RESIDENTIAL AGRICULTURAL &
INDUSTRIAL PROPERTIES LIMITED (REGISTERED NUMBER: SC047528)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024

1. STATUTORY INFORMATION

Border Residential Agricultural & Industrial Properties 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 as modified by the revaluation of certain assets.

Turnover
The Company rents out residential property. Revenue is recognised in the accounting period to which the rent relates.
Revenue is measured at the fair value of the transaction 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 the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 15% 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.

Financial assets
Basic financial assets, including trade and other debtors and bank balances, are initially recognised at transaction price.
At the end of each reporting period financial assets measured at cost are assessed for evidence of impairment. Any impairment loss is recognised in the Income Statement.
Financial assets are derecognised when the contractual rights to the cash flows from the asset expire or are settled.

Financial liabilities
Basic financial liabilities, including trade and other creditors, are initially recognised at transaction price.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. These are classed as current liabilities is payment is due within one year or less. If not they are presented as non-current liabilities.
Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.


BORDER RESIDENTIAL AGRICULTURAL &
INDUSTRIAL PROPERTIES LIMITED (REGISTERED NUMBER: SC047528)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st April 2023
and 31st March 2024 7,690
DEPRECIATION
At 1st April 2023 7,520
Charge for year 25
At 31st March 2024 7,545
NET BOOK VALUE
At 31st March 2024 145
At 31st March 2023 170

BORDER RESIDENTIAL AGRICULTURAL &
INDUSTRIAL PROPERTIES LIMITED (REGISTERED NUMBER: SC047528)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st April 2023
and 31st March 2024 280,000
NET BOOK VALUE
At 31st March 2024 280,000
At 31st March 2023 280,000

Fair value at 31st March 2024 is represented by:
£   
Valuation in 2024 280,000

If investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 5,775 5,775

Investment property was valued on an open market basis on 31st March 2022 by the company's Directors .

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 190 2,670
Other creditors 23,160 22,110
23,350 24,780

7. RESERVES
Revaluation
reserve
£   
At 1st April 2023
and 31st March 2024 274,225

8. RELATED PARTY DISCLOSURES

The company receives rents and incurs maintenance costs from the Upper Flat, Ellnagowan, Melrose, which is a property owned by Miss S Rodger, Director.

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
BORDER RESIDENTIAL AGRICULTURAL &
INDUSTRIAL PROPERTIES LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Border Residential Agricultural & Industrial Properties Limited for the year ended 31st March 2024 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.

This report is made solely to the Board of Directors of Border Residential Agricultural & Industrial Properties Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Border Residential Agricultural & Industrial Properties Limited and state those matters that we have agreed to state to the Board of Directors of Border Residential Agricultural & Industrial Properties Limited, as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Border Residential Agricultural & Industrial Properties Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Border Residential Agricultural & Industrial Properties Limited. You consider that Border Residential Agricultural & Industrial Properties Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Border Residential Agricultural & Industrial Properties Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






JRW Hogg & Thorburn LLP
Chartered Accountants
19 Buccleuch Street
Hawick
Roxburghshire
TD9 0HL


12th August 2024