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Registration number: 00877702

Borderton Limited

Financial Statements

for the Year Ended 30 November 2024

Brebners
Chartered Accountants & Statutory Auditor
1 Suffolk Way
Sevenoaks
Kent
TN13 1YL

 

Borderton Limited

Statement of Financial Position as at 30 November 2024

Note

2024
£

2023
£

Fixed assets

 

Investment property

5

-

700,000

Current assets

 

Debtors

6

2,427,157

1,792,517

Cash at bank and in hand

 

-

280,457

 

2,427,157

2,072,974

Creditors: Amounts falling due within one year

7

(228,906)

(237,728)

Net current assets

 

2,198,251

1,835,246

Total assets less current liabilities

 

2,198,251

2,535,246

Provisions for liabilities

-

(87,475)

Net assets

 

2,198,251

2,447,771

Capital and reserves

 

Called up share capital

100

100

Retained earnings

2,198,151

2,447,671

Shareholders' funds

 

2,198,251

2,447,771

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the director on 30 May 2025
 

.........................................

Mr P D Flaherty

Director

Company registration number: 00877702

 

Borderton Limited

Relationship between entity and parent for the Year Ended 30 November 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Glen Cottage
Butlers Dene Road
Woldingham
Surrey
CR3 7HG

The principal activity of the company is that of property investment.

2

Audit Report

The Independent Auditor's Report was unqualified. The name of the Senior Statutory Auditor who signed the audit report on 30 May 2025 was Martin Widdowson, who signed for and on behalf of Brebners.

3

Accounting policies

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' Section 1A and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except any items disclosed in the accounting policies as being shown at fair value and are presented in sterling, which is the functional currency of the entity.

Summary of significant accounting policies

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Going concern

The company made a loss for the year ended 30 November 2024 but had net assets at that data amounting to £2,198,251.

The company sold its investment property during the year. The company has no significant fixed overheads of working capital requirement.

On the basis of the above, and after making enquiries, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the director continues to adopt the going concern basis in preparing the financial statements.

 

Borderton Limited

Relationship between entity and parent for the Year Ended 30 November 2024

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services and rental income receivable in the ordinary course of the company's activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue for services provided on the date of delivery to customers and revenue from rental income is recognised evenly over the period of the lease or license.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a charge attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

4

Staff numbers

The average number of persons employed by the company during the year was 0 (2023 - 0).

 

Borderton Limited

Relationship between entity and parent for the Year Ended 30 November 2024

5

Investment properties

2024
£

Fair Value

At 1 December 2023

700,000

Disposals

(700,000)

At 30 November 2024

-

6

Debtors

2024
£

2023
£

Amounts owed by group undertakings

2,425,917

1,792,000

Other debtors

1,240

517

2,427,157

1,792,517

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Taxation and social security

 

3,024

5,885

Other creditors

 

225,882

231,843

 

228,906

237,728

8

Reserves

The amount included within the profit and loss account which is not distributable is £Nil (2023: £536,981).

9

Related party transactions

Exemption has been taken under FRS 102 Paragraph 1AC.35 not to disclose transactions or amounts falling due with companies that are wholly owned within the group.

10

Relationship between entity and parent

The parent of the smallest group preparing group accounts including the results of the company is WithinR Holdings Limited.

The registered address of WithinR Holdings Limited is 1 Suffolk Way, Sevenoaks, Kent, TN13 1YL.