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Registered number: 08878719
Borroughs Investments Limited
Unaudited Financial Statements
For The Year Ended 28 February 2025
GMS FC Limited
1 London Road
Ipswich
Suffolk
IP1 2HA
Borroughs Investments Limited
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—5

Page 1
Borroughs Investments Limited
Balance Sheet
As At 28 February 2025
Balance Sheet
Registered number: 08878719

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Investment Properties | 4 |  | 293,143 |  | 293,143
|  |  | 293,143 |  | 293,143
CURRENT ASSETS
Investments | 5 | 100 |  | 100 |
Cash at bank and in hand |  | 13,600 |  | 13,769 |
|  | 13,700 |  | 13,869 |
Creditors: Amounts Falling Due Within One Year | 6 | (149,986 ) |  | (149,219 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | (136,286 ) |  | (135,350 )
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 156,857 |  | 157,793
Creditors: Amounts Falling Due After More Than One Year | 7 |  | (92,016 ) |  | (100,146 )
PROVISIONS FOR LIABILITIES
Deferred Taxation | 8 |  | (5,398 ) |  | (5,858 )
NET ASSETS |  |  | 59,443 |  | 51,789
CAPITAL AND RESERVES
Called up share capital | 10 |  | 1 |  | 1
Revaluation reserve | 11 |  | 26,312 |  | 26,312
Profit and Loss Account |  |  | 33,130 |  | 25,476
SHAREHOLDERS' FUNDS |  |  | 59,443 |  | 51,789

Page 1
Page 2
Borroughs Investments Limited
Balance Sheet (continued)
As At 28 February 2025
For the year ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board

Mr Keith Borroughs Director
23rd October 2025

The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Borroughs Investments Limited
Notes to the Financial Statements
For The Year Ended 28 February 2025
Notes to the Financial Statements
1. General Information
Borroughs Investments Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08878719 . The registered office is 23 Mill Road, Newbourne, Woodbridge, Suffolk, IP12 4NP.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.3. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.5. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2024: 1)
1 1
Page 3
Page 4
Borroughs Investments Limited
Notes to the Financial Statements (continued)
For The Year Ended 28 February 2025
4. Investment Property

| 2025
--- | ---
| £
Fair Value
As at 1 March 2024 and 28 February 2025 | 293,143

If investment property had been accounted for under historical cost accounting rules, the amounts would be:

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Cost | 260,659 |  | 260,659

5. Current Asset Investments

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Short term deposits | 100 |  | 100

6. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Bank loans and overdrafts | 8,000 |  | 7,999
Corporation tax | 1,657 |  | 891
Accruals and deferred income | 330 |  | 330
Director's loan account | 139,999 |  | 139,999
| 149,986 |  | 149,219

7. Creditors: Amounts Falling Due After More Than One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Bank loans | 5,334 |  | 13,334
Other loans | 86,682 |  | 86,812
| 92,016 |  | 100,146

8. Deferred Taxation
The provision for deferred taxation is made up of tax attributable to revaluation gains

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Other timing differences | 5,398 |  | 5,858

9. Provisions for Liabilities

| Deferred Tax | Total
--- | --- | ---
| £ | £
As at 1 March 2024 | 5,858 | 5,858
Reversals | (460 ) | (460)
Balance at 28 February 2025 | 5,398 | 5,398

Page 4
Page 5
Borroughs Investments Limited
Notes to the Financial Statements (continued)
For The Year Ended 28 February 2025
10. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 1 |  | 1

11. Reserves

| Revaluation Reserve
--- | ---
| £
As at 1 March 2024 | 26,312
As at 28 February 2025 | 26,312

Page 5