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REGISTERED NUMBER: 01300739 (England and Wales)










PROCTER ( BORDLEY ) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2024






PROCTER ( BORDLEY ) LIMITED (REGISTERED NUMBER: 01300739)

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










Page

Balance Sheet 1 to 2

Notes to the Financial Statements 3 to 6


PROCTER ( BORDLEY ) LIMITED (REGISTERED NUMBER: 01300739)

BALANCE SHEET
31ST MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 45,000 45,000
Investments 5 165,056 131,085
Investment properties 6 6,527,735 6,492,000
6,737,791 6,668,085

CURRENT ASSETS
Debtors 7 9,740 11,588
Cash at bank 17,870 151,746
27,610 163,334
CREDITORS
Amounts falling due within one year 8 399,130 416,660
NET CURRENT LIABILITIES (371,520 ) (253,326 )
TOTAL ASSETS LESS CURRENT LIABILITIES 6,366,271 6,414,759

CREDITORS
Amounts falling due after more than one year 9 (1,014 ) (1,356 )

PROVISIONS FOR LIABILITIES (979,137 ) (827,582 )
NET ASSETS 5,386,120 5,585,821

CAPITAL AND RESERVES
Called up share capital 322,540 322,540
Share premium 881,296 881,296
Legacy account 210,000 210,000
Non distributable reserves 10 2,377,913 2,529,468
Distributable reserves 1,594,371 1,642,517
SHAREHOLDERS' FUNDS 5,386,120 5,585,821

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.

PROCTER ( BORDLEY ) LIMITED (REGISTERED NUMBER: 01300739)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1st September 2024 and were signed on its behalf by:





P R P Chadwick - Director


PROCTER ( BORDLEY ) LIMITED (REGISTERED NUMBER: 01300739)

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


1. STATUTORY INFORMATION

Procter ( Bordley ) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 01300739

Registered office: Hathenshaw Farm
Hathenshaw Lane
Denton
Ilkley
West Yorkshire
LS29 0HR

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.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Turnover
Turnover represents rental income invoiced to third parties and is recorded net of value added tax.

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.

Shooting rights are being amortised evenly over their estimated useful life of nil years.

Fishing rights are being amortised evenly over their estimated useful life of nil years.

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.

PROCTER ( BORDLEY ) LIMITED (REGISTERED NUMBER: 01300739)

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


2. ACCOUNTING POLICIES - continued

Investments
Investments for which fair value can be measured reliably without undue cost or effort are measured at fair value at each reporting date with changes in fair value recognised in profit or loss.

Government grants
Government grants on capital expenditure are credited to a deferral account and are released to revenue over 25 years by equal annual instalments.

Grants of a revenue nature are credited to income in the period to which they relate.

Irrecoverable vat
Input VAT which cannot be recovered is included as part of the cost of the expense involved.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Shooting Fishing
rights rights Totals
£    £    £   
COST OR VALUATION
At 1st April 2023
and 31st March 2024 25,000 20,000 45,000
NET BOOK VALUE
At 31st March 2024 25,000 20,000 45,000
At 31st March 2023 25,000 20,000 45,000

Cost or valuation at 31st March 2024 is represented by:

Shooting Fishing
rights rights Totals
£    £    £   
Valuation in 2024 25,000 20,000 45,000

Totals
£
Cost or valuation at 31st March 2024 is represented by:

Valuation45,000

PROCTER ( BORDLEY ) LIMITED (REGISTERED NUMBER: 01300739)

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


5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1st April 2023 131,085
Additions 40,621
Disposals (14,007 )
Revaluations 7,357
At 31st March 2024 165,056
NET BOOK VALUE
At 31st March 2024 165,056
At 31st March 2023 131,085

Cost or valuation at 31st March 2024 is represented by:

Other
investments
£   
Valuation in 2024 165,056

If Fixed asset investments had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 101,457 101,457

Fixed asset investments were valued on an open market value basis on 31st March 2024 by Rathbone Investment Management .

6. INVESTMENT PROPERTIES
Total
£   
FAIR VALUE
At 1st April 2023 6,492,000
Additions 35,735
At 31st March 2024 6,527,735
NET BOOK VALUE
At 31st March 2024 6,527,735
At 31st March 2023 6,492,000

PROCTER ( BORDLEY ) LIMITED (REGISTERED NUMBER: 01300739)

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


6. INVESTMENT PROPERTIES - continued

Fair value at 31st March 2024 is represented by:
£   
Valuation in 1992 222,451
Valuation in 1996 4,000
Valuation in 1997 178,952
Valuation in 1998 44,087
Valuation in 2002 105,118
Valuation in 2007 550,690
Valuation in 2013 2,090,428
Valuation in 2016 1,692,472
Valuation in 2021 120,082
Cost 1,519,455
6,527,735

If investment properties had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 1,483,720 1,476,881

Investment properties were valued on an open market basis on 16th December 2020 by Davis and Bowring, Chartered Surveyors .

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 9,740 11,588

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 15,861 33,804
Other creditors 383,269 382,856
399,130 416,660

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Other creditors 1,014 1,356

10. RESERVES
Non
distributable
reserves
£   
At 1st April 2023 2,529,468
Deferred tax movement (151,555 )

At 31st March 2024 2,377,913