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REGISTERED NUMBER: 00496937 (England and Wales)















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 6,760,000 6,340,000
6,760,000 6,340,000

Current assets
Debtors 6 13,749 23,061
Cash at bank 222,711 261,319
236,460 284,380
Creditors: amounts falling due within
one year

7

502,969

394,373
Net current liabilities (266,509 ) (109,993 )
Total assets less current liabilities 6,493,491 6,230,007

Creditors: amounts falling due after
more than one year

8

(173,525

)

(522,017

)

Provisions for liabilities (208,853 ) (118,816 )
Net assets 6,111,113 5,589,174

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 3,200 3,200
Investment property reserve 10 2,165,342 1,835,379
Capital redemption reserve 10 6,374 6,374
Retained earnings 10 3,936,197 3,744,221
Shareholders' funds 6,111,113 5,589,174

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

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 and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 May 2025 and were signed on its behalf by:





C P M Jones - Director


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 private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 00496937

Registered office: 85 Church Road
Hove
East Sussex
BN3 2BB

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 5 (2024 - 5 ) .

4. Tangible fixed assets
Fixtures
and
fittings
£   
Cost
At 1 April 2024
and 31 March 2025 1,337
Depreciation
At 1 April 2024
and 31 March 2025 1,337
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 6,340,000
Revaluations 420,000
At 31 March 2025 6,760,000
Net book value
At 31 March 2025 6,760,000
At 31 March 2024 6,340,000

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 13,749 23,061

7. Creditors: amounts falling due within one year
2025 2024
£    £   
Bank loans and overdrafts 86,760 84,000
Invoiced in advance 32,233 44,962
Taxation and social security 79,002 66,885
Other creditors 304,974 198,526
502,969 394,373

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 173,525 522,017

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: £    £   
3,200 Ordinary £1 3,200 3,200

10. Reserves
Investment Capital
Retained property redemption
earnings reserve reserve Totals
£    £    £    £   

At 1 April 2024 3,744,221 1,835,379 6,374 5,585,974
Profit for the year 529,939 529,939
Dividends (8,000 ) (8,000 )
Transfer (329,963 ) 329,963 - -
At 31 March 2025 3,936,197 2,165,342 6,374 6,107,913

11. Related party disclosures

Within creditors there is a balance of £250,000 (2024: £150,000 ) owed to the directors.