| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 31 March 2025 |
| for |
| Borrie-Bonell Investment Company,Limited |
| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 31 March 2025 |
| for |
| Borrie-Bonell Investment Company,Limited |
| Borrie-Bonell Investment Company,Limited (Registered number: 00496937) |
| Contents of the Financial Statements |
| for the Year Ended 31 March 2025 |
| Page |
| Balance Sheet | 1 |
| Notes to the Financial Statements | 3 |
| Borrie-Bonell Investment Company,Limited (Registered number: 00496937) |
| Balance Sheet |
| 31 March 2025 |
| 2025 | 2024 |
| Notes | £ | £ | £ |
| Fixed assets |
| Tangible assets | 4 |
| Investment property | 5 |
| Current assets |
| Debtors | 6 |
| Cash at bank |
| Creditors: amounts falling due within one year |
7 |
| Net current liabilities | ( |
) | ( |
) |
| Total assets less current liabilities |
| Creditors: amounts falling due after more than one year |
8 |
( |
) |
( |
) |
| Provisions for liabilities | ( |
) | ( |
) |
| Net assets |
| Borrie-Bonell Investment Company,Limited (Registered number: 00496937) |
| Balance Sheet - continued |
| 31 March 2025 |
| 2025 | 2024 |
| Notes | £ | £ | £ |
| Capital and reserves |
| Called up share capital | 9 |
| Investment property reserve | 10 |
| Capital redemption reserve | 10 |
| Retained earnings | 10 |
| 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. |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| Borrie-Bonell Investment Company,Limited (Registered number: 00496937) |
| Notes to the Financial Statements |
| for the Year Ended 31 March 2025 |
| 1. | Statutory information |
| Borrie-Bonell Investment Company,Limited is a |
| Registered number: |
| Registered office: |
| The presentation currency of the financial statements is in Pound Sterling (£) and rounding is to the nearest (£). |
| 2. | Accounting policies |
| Basis of preparing the financial statements |
| These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, other than the revaluation of investment properties. |
| Turnover |
| Turnover is measured at the fair value of the rental income received or receivable for the period. |
| Tangible fixed assets |
| Tangible fixed assets are stated at cost or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. |
| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. |
| Fixtures and Fittings - 25% straight line |
| Investment property |
| Investment property is shown at fair value. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. |
| Financial instruments |
| A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. |
| Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. |
| Borrie-Bonell Investment Company,Limited (Registered number: 00496937) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2025 |
| 2. | Accounting policies - continued |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and 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 at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
| Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference. |
| 3. | Employees and directors |
| The average number of employees during the year was |
| 4. | Tangible fixed assets |
| Fixtures |
| and |
| fittings |
| £ |
| Cost |
| At 1 April 2024 |
| and 31 March 2025 |
| Depreciation |
| At 1 April 2024 |
| and 31 March 2025 |
| Net book value |
| At 31 March 2025 |
| At 31 March 2024 |
| Borrie-Bonell Investment Company,Limited (Registered number: 00496937) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2025 |
| 5. | Investment property |
| Total |
| £ |
| Fair value |
| At 1 April 2024 |
| Revaluations | 420,000 |
| At 31 March 2025 |
| Net book value |
| At 31 March 2025 |
| At 31 March 2024 |
| The investment properties have been valued by the directors at the balance sheet date based on local open market rates of similar properties. |
| 6. | Debtors: amounts falling due within one year |
| 2025 | 2024 |
| £ | £ |
| Trade debtors |
| 7. | Creditors: amounts falling due within one year |
| 2025 | 2024 |
| £ | £ |
| Bank loans and overdrafts |
| Invoiced in advance |
| Taxation and social security |
| Other creditors |
| Included within creditors amounts falling due within one year are secured liabilities of £86,760 (2024: £84,000) with both fixed and floating charges over various investment properties. |
| 8. | Creditors: amounts falling due after more than one year |
| 2025 | 2024 |
| £ | £ |
| Bank loans |
| Included within creditors amounts falling due after more than one year are secured liabilities of £173,525 (2024: £522,017) with both fixed and floating charges over various investment properties. |
| The element relating to loans falling due after more than 5 years amounts to £nil (2024: £270,017). |
| Borrie-Bonell Investment Company,Limited (Registered number: 00496937) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2025 |
| 9. | Called up share capital |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2025 | 2024 |
| value: | £ | £ |
| Ordinary | £1 | 3,200 | 3,200 |
| 10. | Reserves |
| Investment | Capital |
| Retained | property | redemption |
| earnings | reserve | reserve | Totals |
| £ | £ | £ | £ |
| At 1 April 2024 | 5,585,974 |
| Profit for the year |
| Dividends | ( |
) | ( |
) |
| Transfer | (329,963 | ) | 329,963 | - | - |
| At 31 March 2025 | 6,107,913 |
| 11. | Related party disclosures |
| Within creditors there is a balance of £250,000 (2024: £150,000 ) owed to the directors. |