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REGISTERED NUMBER: 05342831 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

1 APRIL 2023 TO 30 MARCH 2024

FOR

BORIC REAL ESTATE LIMITED

BORIC REAL ESTATE LIMITED (REGISTERED NUMBER: 05342831)






CONTENTS OF THE FINANCIAL STATEMENTS
for the period 1 April 2023 to 30 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BORIC REAL ESTATE LIMITED

COMPANY INFORMATION
for the period 1 April 2023 to 30 March 2024







DIRECTOR: M A J Blick





REGISTERED OFFICE: Swatton Barn
Badbury
Swindon
Wiltshire
SN4 0EU





REGISTERED NUMBER: 05342831 (England and Wales)





ACCOUNTANTS: the dt group
Chartered Accountants
Swatton Barn
Badbury
Swindon
Wiltshire
SN4 0EU

BORIC REAL ESTATE LIMITED (REGISTERED NUMBER: 05342831)

BALANCE SHEET
30 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,064 -
Investment property 5 697,880 697,880
698,944 697,880

CURRENT ASSETS
Debtors 6 33,573 8,000
Cash at bank 4,675 2,012
38,248 10,012
CREDITORS
Amounts falling due within one year 7 220,501 166,565
NET CURRENT LIABILITIES (182,253 ) (156,553 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

516,691

541,327

CREDITORS
Amounts falling due after more than one
year

8

447,076

444,141
NET ASSETS 69,615 97,186

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 69,605 97,176
SHAREHOLDERS' FUNDS 69,615 97,186

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 March 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

BORIC REAL ESTATE LIMITED (REGISTERED NUMBER: 05342831)

BALANCE SHEET - continued
30 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 director and authorised for issue on 10 February 2025 and were signed by:





M A J Blick - Director


BORIC REAL ESTATE LIMITED (REGISTERED NUMBER: 05342831)

NOTES TO THE FINANCIAL STATEMENTS
for the period 1 April 2023 to 30 March 2024

1. STATUTORY INFORMATION

Boric Real Estate 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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
Turnover is measured at the fair value of the consideration received or receivable, 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 each asset over its estimated useful life.
Plant and machinery etc - 20% straight line basis

INVESTMENT PROPERTY
The company's investment properties are held for long-term investment. Investment properties are accounted for in accordance with SSAP 19, as follows:

(i) investment properties are revalued annually. The surplus or deficit on revaluation is transferred to the revaluation reserve unless a deficit below original cost, or its reversal, on an individual investment property is expected to be permanent, in which case it is recognised in the profit and loss account for the year; and

(ii) no depreciation is provided in respect of leasehold investment properties where the lease has over 20 years to run.

Although the Companies Act would normally require the systematic annual depreciation of fixed assets, the directors believe that the policy of not providing depreciation is necessary in order for the accounts to give a true and fair view, since the current value of investment properties, and changes to that current value, are of prime importance rather than a calculation of systematic annual depreciation. Depreciation is only one of the many factors reflected in the annual valuation, and the amount which might otherwise have been included cannot be separately identified or quantified.

TAXATION
Taxation for the period 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.


BORIC REAL ESTATE LIMITED (REGISTERED NUMBER: 05342831)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the period 1 April 2023 to 30 March 2024

2. ACCOUNTING POLICIES - continued
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 period 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.

HIRE PURCHASE AND LEASING COMMITMENTS
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 229
Additions 1,098
At 30 March 2024 1,327
DEPRECIATION
At 1 April 2023 229
Charge for period 34
At 30 March 2024 263
NET BOOK VALUE
At 30 March 2024 1,064

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 30 March 2024 697,880
NET BOOK VALUE
At 30 March 2024 697,880
At 31 March 2023 697,880

BORIC REAL ESTATE LIMITED (REGISTERED NUMBER: 05342831)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the period 1 April 2023 to 30 March 2024

5. INVESTMENT PROPERTY - continued

Fair value at 30 March 2024 is represented by:
£   
Valuation in 2010 39,155
Valuation in 2017 125,000
Valuation in 2020 (200,000 )
Cost 733,725
697,880

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

2024 2023
£    £   
Cost 733,725 733,725

Investment property was valued on an open market basis on 30 March 2024 by the Director of the Company .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 13,714 -
Other debtors 19,859 8,000
33,573 8,000

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 2,349 2,268
Other creditors 218,152 164,297
220,501 166,565

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 447,076 444,141

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans 447,076 444,141

BORIC REAL ESTATE LIMITED (REGISTERED NUMBER: 05342831)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the period 1 April 2023 to 30 March 2024

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 447,076 444,141

Mortgage Express have a charge over the company's investment property in mortgage dated 11th April 2015.

10. RELATED PARTY DISCLOSURES

Unless otherwise disclosed, all related party transactions have been conducted under normal market
conditions, including dividend payments to it's shareholders.