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REGISTERED NUMBER: SC225451 (Scotland)








































Border Union Limited

Unaudited Financial Statements

for the year ended

30th September 2024






Border Union Limited (Registered number: SC225451)






Contents of the Financial Statements
for the year ended 30th September 2024




Page

Company information 1

Balance sheet 2

Notes to the financial statements 3 to 5


Border Union Limited

Company Information
for the year ended 30th September 2024







Directors: D E Armstrong
T G Clark
C S McGregor
J P L Playfair-Hannay
A S W Armstrong
W K Redpath
L R I Comins
Miss N J Clancy





Secretary: D J Withall





Registered office: Springwood Park
Kelso
Roxburghshire
TD5 8LS





Registered number: SC225451 (Scotland)





Accountants: Rennie Welch LLP
Academy House
Shedden Park Road
Kelso
Roxburghshire
TD5 7AL

Border Union Limited (Registered number: SC225451)

Balance Sheet
30th September 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 4 596 745

Current assets
Debtors 5 147,547 131,373
Cash at bank 60,595 90,699
208,142 222,072
Creditors
Amounts falling due within one year 6 207,908 222,370
Net current assets/(liabilities) 234 (298 )
Total assets less current liabilities 830 447

Capital and reserves
Called up share capital 1 1
Retained earnings 829 446
Shareholders' funds 830 447

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

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

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 Statement of income and retained earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24th June 2025 and were signed on its behalf by:




C S McGregor - Director



W K Redpath - Director


Border Union Limited (Registered number: SC225451)

Notes to the Financial Statements
for the year ended 30th September 2024

1. Statutory information

Border Union Limited is a private company, limited by shares , registered in Scotland. 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.

Turnover arising from the provision of services is recognised as contract activity progresses and the right to consideration is earned.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Fixtures and fittings - 33% on cost and 10% on cost

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

Financial instruments
The following assets and liabilities are classified as financial instruments - trade debtors, trade creditors, current account balances with related parties and accruals.

Trade debtors, trade creditors, current account balances with related parties and accruals are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the statement of income and retained earnings.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


Border Union Limited (Registered number: SC225451)

Notes to the Financial Statements - continued
for the year ended 30th September 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 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.

Provisions
Provisions are set up only where it is probable that a present obligation exists as a result of an event prior to the balance sheet date and that a payment will be required in settlement that can be estimated reliably. Where material, provisions are calculated on a discounted basis.

Going concern
The directors have considered the company's financial position for a period of 12 months from the date of signing these financial statements and have reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing these financial statements.

3. Employees and directors

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

4. Tangible fixed assets
Fixtures
and
fittings
£   
Cost
At 1st October 2023
and 30th September 2024 5,172
Depreciation
At 1st October 2023 4,427
Charge for year 149
At 30th September 2024 4,576
Net book value
At 30th September 2024 596
At 30th September 2023 745

5. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 20,407 16,882
Amounts owed by group undertakings 127,140 114,491
147,547 131,373

Border Union Limited (Registered number: SC225451)

Notes to the Financial Statements - continued
for the year ended 30th September 2024

6. Creditors: amounts falling due within one year
2024 2023
£    £   
Trade creditors 165,725 188,903
Taxation and social security 10,530 10,533
Other creditors 31,653 22,934
207,908 222,370

7. Related party disclosures

Border Union Limited is a fully owned subsidiary of Border Union Agricultural Society. Border Union Agricultural Society is a private company, limited by guarantee, registered in Scotland.