REGISTERED NUMBER: 01786411 (England and Wales)

Unaudited Financial Statements for the Year Ended 25 January 2025

for

Borrowdale Construction Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr J Hounsell

Mrs K M Hounsell

SECRETARY:

Mr J Hounsell

REGISTERED OFFICE:

1 Sopwith Crescent

Wickford

Essex

SS11 8YU

REGISTERED NUMBER:

01786411 (England and Wales)

ACCOUNTANTS:

Sygma Chartered Accountants

1 Sopwith Crescent

Wickford

Essex

SS11 8YU

FIXED ASSETS

Tangible assets

4

3,286,180

3,240,838

CURRENT ASSETS

Debtors

5

-

361

Investments

6

60,000

50,000

Cash at bank

53,580

63,440

113,580

113,801

CREDITORS

Amounts falling due within one year

7

90,899

105,276

NET CURRENT ASSETS

22,681

8,525

TOTAL ASSETS LESS CURRENT LIABILITIES

3,308,861

3,249,363

PROVISIONS FOR LIABILITIES

198,946

198,946

NET ASSETS

3,109,915

3,050,417

CAPITAL AND RESERVES

Called up share capital

10

10

Fair value reserve

8

1,479,405

1,479,405

Retained earnings

1,630,500

1,571,002

SHAREHOLDERS' FUNDS

3,109,915

3,050,417

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 25 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 25 January 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.

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 August 2025 and were signed on its behalf by:

Mr J Hounsell - Director

1.	STATUTORY INFORMATION

Borrowdale Construction Limited is a private company, limited by shares , registered in England and Wales. 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 as modified by the revaluation of certain assets.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

2% on cost

Freehold Buildings over 20 years

Investment Property no depreciation

Plant and Machinery 25% Reducing Balance

Motor Vehicles 25% Reducing Balance

Investment property is included at fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

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 balance sheet date.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST OR VALUATION

At 26 January 2024

3,255,600

430

3,256,030

Additions

-

56,718

56,718

At 25 January 2025

3,255,600

57,148

3,312,748

DEPRECIATION

At 26 January 2024

14,762

430

15,192

Charge for year

32

11,344

11,376

At 25 January 2025

14,794

11,774

26,568

NET BOOK VALUE

At 25 January 2025

3,240,806

45,374

3,286,180

At 25 January 2024

3,240,838

-

3,240,838

Cost or valuation at 25 January 2025 is represented by:

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

Valuation in 2017

419,405

-

419,405

Valuation in 2018

10,000

-

10,000

Valuation in 2019

129,176

-

129,176

Valuation in 2020

54,629

-

54,629

Valuation in 2021

515,156

-

515,156

Valuation in 2022

432,500

-

432,500

Valuation in 2023

(81,461

)

-

(81,461

)

Cost

1,776,195

57,148

1,833,343

3,255,600

57,148

3,312,748

If the freehold property had not been revalued it would have been included at the following historical cost:

25.1.25

25.1.24

£

£

Cost

1,776,195

1,776,195

Aggregate depreciation

14,762

14,762

Value of land in freehold land and buildings

1,761,497

1,761,497

Freehold land and buildings were valued on a fair value basis on 25 January 2024 by the directors .

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

25.1.25

25.1.24

£

£

Other debtors

-

361

6.	CURRENT ASSET INVESTMENTS

25.1.25

25.1.24

£

£

Other investment

60,000

50,000

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

25.1.25

25.1.24

£

£

Taxation and social security

3,278

19,614

Other creditors

87,621

85,662

90,899

105,276

8.

RESERVES

Fair

value

reserve

£

At 26 January 2024

and 25 January 2025

1,479,405