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REGISTERED NUMBER: 05480049 (England and Wales)
























Unaudited Financial Statements

for the Year Ended 28 June 2024

for

BORTESHIES LIMITED

BORTESHIES LIMITED (REGISTERED NUMBER: 05480049)






Contents of the Financial Statements
for the Year Ended 28 June 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


BORTESHIES LIMITED

Company Information
for the Year Ended 28 June 2024







DIRECTORS: A Georgiou
Mrs A Georgiou



SECRETARY: A Georgiou



REGISTERED OFFICE: 573 Chester Road
Sutton Coldfield
West Midlands
B73 5HU



REGISTERED NUMBER: 05480049 (England and Wales)



ACCOUNTANTS: A K Papadamou & Co
Accountants & Tax Advisors
573 Chester Road
Sutton Coldfield
West Midlands
B73 5HU



BANKERS: Cynergy Bank
PO Box 17484
87 Chase Side
London
N14 5WH

BORTESHIES LIMITED (REGISTERED NUMBER: 05480049)

Statement of Financial Position
28 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 344,076 371,187
Tangible assets 5 54,568 59,890
Investment property 6 210,000 210,000
608,644 641,077

CURRENT ASSETS
Stocks 4,766 4,653
Prepayments and accrued income 12,349 6,929
Cash at bank and in hand 99,883 46,791
116,998 58,373
CREDITORS
Amounts falling due within one year 7 350,020 361,563
NET CURRENT LIABILITIES (233,022 ) (303,190 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

375,622

337,887

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 375,620 337,885
SHAREHOLDERS' FUNDS 375,622 337,887

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 June 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.

BORTESHIES LIMITED (REGISTERED NUMBER: 05480049)

Statement of Financial Position - continued
28 June 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 13 March 2025 and were signed on its behalf by:





A Georgiou - Director


BORTESHIES LIMITED (REGISTERED NUMBER: 05480049)

Notes to the Financial Statements
for the Year Ended 28 June 2024

1. STATUTORY INFORMATION

Borteshies 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.

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
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 - 10% 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.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - 18 ).

BORTESHIES LIMITED (REGISTERED NUMBER: 05480049)

Notes to the Financial Statements - continued
for the Year Ended 28 June 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 29 June 2023
and 28 June 2024 710,172
AMORTISATION
At 29 June 2023 338,985
Charge for year 27,111
At 28 June 2024 366,096
NET BOOK VALUE
At 28 June 2024 344,076
At 28 June 2023 371,187

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
Short to and
leasehold property fittings Totals
£    £    £    £   
COST
At 29 June 2023 1 19,574 137,916 157,491
Additions - - 740 740
At 28 June 2024 1 19,574 138,656 158,231
DEPRECIATION
At 29 June 2023 - 11,558 86,043 97,601
Charge for year - 801 5,261 6,062
At 28 June 2024 - 12,359 91,304 103,663
NET BOOK VALUE
At 28 June 2024 1 7,215 47,352 54,568
At 28 June 2023 1 8,016 51,873 59,890

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 29 June 2023
and 28 June 2024 210,000
NET BOOK VALUE
At 28 June 2024 210,000
At 28 June 2023 210,000

BORTESHIES LIMITED (REGISTERED NUMBER: 05480049)

Notes to the Financial Statements - continued
for the Year Ended 28 June 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 132,913 177,045
Trade creditors 12,969 6,957
Tax 29,086 19,690
Social security and other taxes 43,794 39,042
Other creditors 123,274 107,099
Directors' current accounts 116 5,693
Accruals and deferred income 7,868 6,037
350,020 361,563

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 132,913 177,045

The bank loan and overdraft is secured personally by the directors of the company Mr and Mrs A Georgiou and against the company's assets.

9. ULTIMATE CONTROLLING PARTY

The company is under the direct control of Mr A and Mrs A Georgiou, company directors.