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REGISTERED NUMBER: 00289958 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

BORTONS LIMITED

BORTONS LIMITED (REGISTERED NUMBER: 00289958)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BORTONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: R M Borton
D G Borton





SECRETARY: R M Borton





REGISTERED OFFICE: The Mowhay
Leeches Farm
St Kew Highway
BODMIN
Cornwall
PL30 3EG





REGISTERED NUMBER: 00289958 (England and Wales)





ACCOUNTANTS: TC Group
The Old Carriage Works
Moresk Road
TRURO
Cornwall
TR1 1DG

BORTONS LIMITED (REGISTERED NUMBER: 00289958)

BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 13,835 14,744
Investments 6 414,279 386,430
Investment property 7 1,375,000 1,295,000
1,803,114 1,696,174

CURRENT ASSETS
Debtors 8 6,441 4,651
Cash at bank 58,337 43,390
64,778 48,041
CREDITORS
Amounts falling due within one year 9 47,726 26,820
NET CURRENT ASSETS 17,052 21,221
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,820,166

1,717,395

PROVISIONS FOR LIABILITIES 227,935 158,031
NET ASSETS 1,592,231 1,559,364

CAPITAL AND RESERVES
Called up share capital 1,080 1,080
Capital redemption reserve 2,220 2,220
Fair value reserve 1,447,938 1,420,874
Retained earnings 140,993 135,190
SHAREHOLDERS' FUNDS 1,592,231 1,559,364

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

BORTONS LIMITED (REGISTERED NUMBER: 00289958)

BALANCE SHEET - continued
30 SEPTEMBER 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 Profit or Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 March 2025 and were signed on its behalf by:




R M Borton - Director



D G Borton - Director


BORTONS LIMITED (REGISTERED NUMBER: 00289958)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1. STATUTORY INFORMATION

Bortons 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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 - 25% on cost, 25% on reducing balance, 15% on reducing balance and 2% on cost

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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit or Loss Account, 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.

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.

Fixed asset investments
Listed investments are shown at the most recent valuation. Any surplus or deficit arising from changes in market value is transferred to a revaluation reserve.

BORTONS LIMITED (REGISTERED NUMBER: 00289958)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

4. EMPLOYEES AND DIRECTORS

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

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2023 31,456
Additions 720
At 30 September 2024 32,176
DEPRECIATION
At 1 October 2023 16,712
Charge for year 1,629
At 30 September 2024 18,341
NET BOOK VALUE
At 30 September 2024 13,835
At 30 September 2023 14,744

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 October 2023 386,430
Disposals (17,806 )
Revaluations 45,655
At 30 September 2024 414,279
NET BOOK VALUE
At 30 September 2024 414,279
At 30 September 2023 386,430

BORTONS LIMITED (REGISTERED NUMBER: 00289958)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

6. FIXED ASSET INVESTMENTS - continued

Cost or valuation at 30 September 2024 is represented by:

Other
investments
£   
Valuation in 2016 304,399
Valuation in 2017 23,586
Valuation in 2018 (87,643 )
Valuation in 2019 111,227
Valuation in 2020 (58,721 )
Valuation in 2021 87,139
Valuation in 2022 8,160
Valuation in 2023 (29,844 )
Valuation in 2024 45,259
Cost 10,717
414,279

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

2024 2023
£    £   
Cost 10,537 28,127

Fixed asset investments were valued on an open market value basis on 30 September 2024 by the directors using published values .

7. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2023 1,295,000
Revaluations 80,000
At 30 September 2024 1,375,000
NET BOOK VALUE
At 30 September 2024 1,375,000
At 30 September 2023 1,295,000

Fair value at 30 September 2024 is represented by:
£   
Valuation in 2000 410,335
Valuation in 2005 819,311
Valuation in 2007 340,000
Valuation in 2008 (50,000 )
Valuation in 2013 259,200
Valuation in 2014 (571,012 )
Valuation in 2024 80,000
Cost 87,166
1,375,000

BORTONS LIMITED (REGISTERED NUMBER: 00289958)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

7. INVESTMENT PROPERTY - continued

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

2024 2023
£    £   
Cost 87,166 87,166

Investment property was valued on an open market basis on 30 September 2024 by R M Borton FNAEA, a company director .

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 6,441 4,651

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 933 -
Taxation and social security 10,577 767
Other creditors 36,216 26,053
47,726 26,820

10. RELATED PARTY DISCLOSURES

As at the balance sheet date, the company owed the directors £29,081 (2023 :£15,220). This amount is shown within creditors repayable within one year.

The loan to the company is free of interest and repayable on demand.