Registration number:
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Borderton Limited
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Brebners
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Borderton Limited
Statement of Financial Position as at 30 November 2024
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Note |
2024 |
2023 |
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Fixed assets |
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Investment property |
- |
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Current assets |
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Debtors |
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Cash at bank and in hand |
- |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current assets |
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Total assets less current liabilities |
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Provisions for liabilities |
- |
( |
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Net assets |
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Capital and reserves |
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Called up share capital |
100 |
100 |
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Retained earnings |
2,198,151 |
2,447,671 |
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Shareholders' funds |
2,198,251 |
2,447,771 |
Approved and authorised by the
.........................................
Mr P D Flaherty
Director
Company registration number: 00877702
Borderton Limited
Relationship between entity and parent for the Year Ended 30 November 2024
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General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
The principal activity of the company is that of property investment.
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Audit Report |
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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
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.
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Staff numbers |
The average number of persons employed by the company during the year was
Borderton Limited
Relationship between entity and parent for the Year Ended 30 November 2024
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Investment properties |
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2024 |
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Fair Value |
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At 1 December 2023 |
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Disposals |
( |
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At 30 November 2024 |
- |
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Debtors |
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2024 |
2023 |
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Amounts owed by group undertakings |
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Other debtors |
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Creditors |
Creditors: amounts falling due within one year
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2024 |
2023 |
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Taxation and social security |
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Other creditors |
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Reserves |
The amount included within the profit and loss account which is not distributable is £Nil (2023: £536,981).
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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.
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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.