Borrowdale Construction Homes Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 06753789 (England and Wales)

Unaudited Financial Statements for the Year Ended 25 January 2025

for

Borrowdale Construction Homes Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs K M Hounsell

Mr C J Hounsell

Mr S Hounsell

SECRETARY:

Mrs K M Hounsell

REGISTERED OFFICE:

Lancaster House

Sopwith Crescent

Shotgate

Wickford

Essex

SS11 8YU

REGISTERED NUMBER:

06753789 (England and Wales)

ACCOUNTANTS:

Sygma Chartered Accountants

1 Sopwith Crescent

Wickford

Essex

SS11 8YU

FIXED ASSETS

Tangible assets

4

55,357

33,445

Investment property

5

2,185,504

2,088,782

2,240,861

2,122,227

CURRENT ASSETS

Debtors

6

79,582

166,319

Cash at bank

150,521

179,851

230,103

346,170

CREDITORS

Amounts falling due within one year

7

290,977

339,466

NET CURRENT (LIABILITIES)/ASSETS

(60,874

)

6,704

TOTAL ASSETS LESS CURRENT
LIABILITIES

2,179,987

2,128,931

PROVISIONS FOR LIABILITIES

32,500

NET ASSETS

2,147,487

2,096,431

CAPITAL AND RESERVES

Called up share capital

104

Retained earnings

2,147,383

2,096,327

SHAREHOLDERS' FUNDS

2,147,487

2,096,431

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:

Mrs K M Hounsell - Director

1.	STATUTORY INFORMATION

Borrowdale Construction Homes 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Plant and machinery etc

-

25% on reducing balance and 20% on reducing balance

Plant and Equipment 25% WDV

Motor Vehicles 25% WDV

Computer Equipment 25% WDV

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 26 January 2024

215,289

Additions

36,789

Disposals

(7,957

)

At 25 January 2025

244,121

DEPRECIATION

At 26 January 2024

181,844

Charge for year

14,877

Eliminated on disposal

(7,957

)

At 25 January 2025

188,764

NET BOOK VALUE

At 25 January 2025

55,357

At 25 January 2024

33,445

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 26 January 2024

2,088,782

Additions

96,722

At 25 January 2025

2,185,504

NET BOOK VALUE

At 25 January 2025

2,185,504

At 25 January 2024

2,088,782

Fair value at 25 January 2025 is represented by:

£

Valuation in 2019

13,002

Valuation in 2020

11,232

Valuation in 2021

77,181

Valuation in 2022

70,000

Cost

2,014,089

2,185,504

If Investment Property had not been revalued it would have been included at the following historical cost:

25.1.25

25.1.24

£

Cost

1,090,597

Investment Property was valued on a fair value basis on 25 January 2022 by the directors .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

25.1.25

25.1.24

£

Trade debtors

2,479

69,568

Other debtors

77,103

96,751

79,582

166,319

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

25.1.25

25.1.24

£

Bank loans and overdrafts

173,397

216,459

Trade creditors

35,451

27,481

Taxation and social security

43,119

76,276

Other creditors

39,010

19,250

290,977

339,466