REGISTERED NUMBER: 00762739 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2025

FOR

BORSDANE PROPERTIES LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

F Tomlinson

A Tomlinson

J A Tomlinson

SECRETARY:

A Tomlinson

REGISTERED OFFICE:

Cherry Yate

Stoneygate Lane

Ribchester

Lancashire

PR3 3YN

REGISTERED NUMBER:

00762739 (England and Wales)

ACCOUNTANTS:

Fairhurst Accountants Ltd

Chartered Accountants

Douglas Bank House

Wigan Lane

Wigan

Lancashire

WN1 2TB

FIXED ASSETS

Tangible assets

4

1,693

1,992

Investment property

5

1,390,316

1,561,903

1,392,009

1,563,895

CURRENT ASSETS

Cash at bank

288,667

382,797

CREDITORS

Amounts falling due within one year

6

83,788

60,937

NET CURRENT ASSETS

204,879

321,860

TOTAL ASSETS LESS CURRENT LIABILITIES

1,596,888

1,885,755

PROVISIONS FOR LIABILITIES

17,742

4,399

NET ASSETS

1,579,146

1,881,356

CAPITAL AND RESERVES

Called up share capital

140

140

Fair value reserve

7

28,846

13,846

Retained earnings

7

1,550,160

1,867,370

SHAREHOLDERS' FUNDS

1,579,146

1,881,356

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 December 2025 and were signed on its behalf by:

J A Tomlinson - Director

1.	STATUTORY INFORMATION

Borsdane Properties 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The Financial statements have been prepared under the historical cost convention.

The Principal accounting policies adopted in the preparation of the financial statements are set out below.

Turnover

Turnover comprises rents and ground rents, consent and fee income and is recognised on receipt.

Turnover is measured at the fair value of the consideration received.

Tangible fixed assets

Tangible fixed assets are stated at cost less accumulated depreciation and impairment write downs.

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

Office Equipment - 15% on reducing balance.

Investment property

Investment property refers to both investment properties and ground and chief rents.

Investment properties, are held to earn income and / or for capital appreciation.

Investment properties, are initially measured at cost, including transaction costs.

Subsequently investment properties, are measured at fair value. Valuations are based on open market value.

Deferred tax is provided on these movements. Gains and losses arising from changes in the fair value of investment properties, are included in the statement of comprehensive income

Financial instruments

The following assets and liabilities are classified as financial instruments; Bank accounts, bank loans, other debtors and accruals.

Debt instruments that are payable or receivable within one year; typically bank accounts and accruals, are measured initially and subsequently at the undiscounted amount of the cash that is expected to be paid or received.

Debt instruments that are payable or receivable in more than one year such as bank loans and other debtors are initially measured at present value of the future payments and subsequently at amortised cost using the effective interest method unless the effect of discounting would be immaterial.

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.

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 8 (2024 - 8 ) .

4.	TANGIBLE FIXED ASSETS

Office

equipment

£

COST

At 6 April 2024

and 5 April 2025

26,071

DEPRECIATION

At 6 April 2024

24,079

Charge for year

299

At 5 April 2025

24,378

NET BOOK VALUE

At 5 April 2025

1,693

At 5 April 2024

1,992

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 6 April 2024

1,561,903

Disposals

(200,000

)

Revaluations

28,413

At 5 April 2025

1,390,316

NET BOOK VALUE

At 5 April 2025

1,390,316

At 5 April 2024

1,561,903

The Investment properties, were valued by the directors on the 5 April 2025 on a fair value basis. Investment properties were valued at £629,823 (2024: £601,410), and ground & chief rents were valued at £760,493 (2024: £960,493)

Fair value at 5 April 2025 is represented by:

£

Valuation in 2025

46,184

Cost

1,344,132

1,390,316

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Corporation tax

76,334

53,371

Other creditors

7,454

7,566

83,788

60,937

7.

RESERVES

Fair

Retained

value

earnings

reserve

Totals

£

£

£

At 6 April 2024

1,867,370

13,846

1,881,216

Profit for the year

215,377

215,377

Dividends

(546,000

)

(546,000

)

Surplus on revaluation

-

28,413

28,413

Transfers

13,413

(13,413

)

-

At 5 April 2025

1,550,160

28,846

1,579,006

Fair value reserve is a non-distributable reserves that represents revaluation gains and losses on investment properties.

8.	POST BALANCE SHEET EVENTS

Since the reporting date dividends of £420,000 have been declared on the company's ordinary share capital.