BOREALIS PROPERTIES LTD

Company Information
for the period from 29 February 2024 to 28 February 2025


Directors	JACKSON, Lisa Jean
	JACKSON, Robert Christopher


Registered Address	Grosvenor House Downcast Way
	Swinton
	Manchester
	M27 8UW


Place of Business	The Woodlands
	Grosvenor Road
	Swinton
	Manchester
	M27 5EG


Registered Number	13892812 (England and Wales)

BOREALIS PROPERTIES LTD

Balance Sheet as at
28 February 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		1,221,549		1,221,549
			1,221,549		1,221,549
Current assets
Debtors		2,038		2,248
Cash at bank and on hand		25,836		28,196
		27,874		30,444
Creditors amounts falling due within one year	4	(9)		(44)
Net current assets (liabilities)			27,865		30,400
Total assets less current liabilities			1,249,414		1,251,949
Creditors amounts falling due after one year	5		(1,267,056)		(1,273,970)
Net assets			(17,642)		(22,021)
Capital and reserves
Called up share capital			2		2
Profit and loss account			(17,644)		(22,023)
Shareholders' funds			(17,642)		(22,021)

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 2 July 2025, and are signed on its behalf by:

JACKSON, Lisa Jean
Director

JACKSON, Robert Christopher
Director

Registered Company No. 13892812

BOREALIS PROPERTIES LTD

Notes to the Financial Statements
for the period ended 28 February 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Revenue from sale of goods
	Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Revenue from sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

2.	Average number of employees


		2025		2024
	Average number of employees during the year	2		2

3.	Tangible fixed assets

	Land & buildings	Total
	£	£
Cost or valuation
At 29 February 24	1,221,549	1,221,549
At 28 February 25	1,221,549	1,221,549
Net book value
At 28 February 25	1,221,549	1,221,549
At 28 February 24	1,221,549	1,221,549

4.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	9	44
Total	9	44

5.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	472,964	477,877
Other creditors	794,092	796,093
Total	1,267,056	1,273,970