REGISTERED NUMBER: |
PROCTER ( BORDLEY ) LIMITED |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31ST MARCH 2024 |
REGISTERED NUMBER: |
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 |
Investments | 5 |
Investment properties | 6 |
CURRENT ASSETS |
Debtors | 7 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 8 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year | 9 | ( |
) | ( |
) |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Share premium |
Legacy account |
Non distributable reserves | 10 |
Distributable reserves |
SHAREHOLDERS' FUNDS |
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 |
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 |
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 |
Registered number: |
Registered office: |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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. |
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 |
4. | INTANGIBLE FIXED ASSETS |
Shooting | Fishing |
rights | rights | Totals |
£ | £ | £ |
COST OR VALUATION |
At 1st April 2023 |
and 31st March 2024 |
NET BOOK VALUE |
At 31st March 2024 |
At 31st March 2023 |
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: |
Valuation | 45,000 |
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 |
Additions |
Disposals | ( |
) |
Revaluations |
At 31st March 2024 |
NET BOOK VALUE |
At 31st March 2024 |
At 31st March 2023 |
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 |
Additions |
At 31st March 2024 |
NET BOOK VALUE |
At 31st March 2024 |
At 31st March 2023 |
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 |
8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Trade creditors |
Other creditors |
9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2024 | 2023 |
£ | £ |
Other creditors |
10. | RESERVES |
Non |
distributable |
reserves |
£ |
At 1st April 2023 |
Deferred tax movement | (151,555 | ) |
At 31st March 2024 |