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REGISTERED NUMBER: SC297249 (Scotland)















Unaudited Financial Statements for the Year Ended 31 March 2025

for

Borders Property Limited

Borders Property Limited (Registered number: SC297249)






Contents of the Financial Statements
for the Year Ended 31 March 2025




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Borders Property Limited

Company Information
for the Year Ended 31 March 2025







DIRECTORS: R A Hastings
Mrs H O Hastings
Ms N M Hastings
R T Hope
T D Taylor
Mrs S L Burn





REGISTERED OFFICE: 15 The Square
Kelso
Roxburghshire
TD5 7HH





REGISTERED NUMBER: SC297249 (Scotland)





ACCOUNTANTS: EQ Accountants Ltd
47-49 The Square
Kelso
Roxburghshire
TD5 7HW

Borders Property Limited (Registered number: SC297249)

Statement of Financial Position
31 March 2025

31.3.25 31.3.24
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 56,250 93,750
Property, plant and equipment 5 27,681 16,641
83,931 110,391

CURRENT ASSETS
Debtors 6 301,169 243,896
Cash at bank and in hand 47,135 30,269
348,304 274,165
CREDITORS
Amounts falling due within one year 7 153,302 149,887
NET CURRENT ASSETS 195,002 124,278
TOTAL ASSETS LESS CURRENT
LIABILITIES

278,933

234,669

CREDITORS
Amounts falling due after more than one
year

8

(2,024

)

(12,219

)

PROVISIONS FOR LIABILITIES (7,000 ) (3,500 )
NET ASSETS 269,909 218,950

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 269,809 218,850
SHAREHOLDERS' FUNDS 269,909 218,950

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.

Borders Property Limited (Registered number: SC297249)

Statement of Financial Position - continued
31 March 2025


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 July 2025 and were signed on its behalf by:




R A Hastings - Director R T Hope - Director




T D Taylor - Director


Borders Property Limited (Registered number: SC297249)

Notes to the Financial Statements
for the Year Ended 31 March 2025

1. STATUTORY INFORMATION

Borders Property 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 represents net invoiced sales of services, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of businesses in 2006 and 2010, are being amortised evenly over their estimated useful lives of twenty years and two years respectively.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Tenants improvements - 15% on reducing balance
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Borders Property Limited (Registered number: SC297249)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

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, these financial statements have been prepared on the going concern basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2024 - 13 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2024
and 31 March 2025 750,000
AMORTISATION
At 1 April 2024 656,250
Charge for year 37,500
At 31 March 2025 693,750
NET BOOK VALUE
At 31 March 2025 56,250
At 31 March 2024 93,750

5. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 April 2024 67,457
Additions 16,172
At 31 March 2025 83,629
DEPRECIATION
At 1 April 2024 50,816
Charge for year 5,132
At 31 March 2025 55,948
NET BOOK VALUE
At 31 March 2025 27,681
At 31 March 2024 16,641

Borders Property Limited (Registered number: SC297249)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade debtors 289,272 193,409
Other debtors 11,897 50,487
301,169 243,896

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Bank loans and overdrafts 10,200 10,204
Trade creditors 20,774 12,991
Amounts owed to group undertakings 876 876
Taxation and social security 107,420 92,743
Other creditors 14,032 33,073
153,302 149,887

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.25 31.3.24
£    £   
Bank loans 2,024 12,219

9. SECURED DEBTS

Royal Bank of Scotland PLC has a floating charge covering all the property and undertakings of the company.

10. ULTIMATE CONTROLLING PARTY

The controlling party is Borders Legal Holdings Ltd.