Borough News Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 01911678 (England and Wales)

Unaudited Financial Statements

for the Year Ended 28 February 2026

for

Borough News Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

C E Sutton

N R Sutton

REGISTERED OFFICE:

44 Colton Road

Shrivenham

Swindon

Wiltshire

SN6 8AZ

REGISTERED NUMBER:

01911678 (England and Wales)

FIXED ASSETS

Tangible assets

4

1,370

2,363

Investment property

5

360,000

-

361,370

2,363

CURRENT ASSETS

Debtors

6

16,810

9,500

Cash at bank

1,115,810

1,513,757

1,132,620

1,523,257

CREDITORS

Amounts falling due within one year

7

5,594

8,785

NET CURRENT ASSETS

1,127,026

1,514,472

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,488,396

1,516,835

PROVISIONS FOR LIABILITIES

5,691

-

NET ASSETS

1,482,705

1,516,835

CAPITAL AND RESERVES

Called up share capital

30,000

Revaluation reserve

8

33,434

-

Retained earnings

1,419,271

1,486,835

SHAREHOLDERS' FUNDS

1,482,705

1,516,835

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2026 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 21 June 2026 and were signed on its behalf by:

C E Sutton - Director

1.	STATUTORY INFORMATION

Borough News 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 the fair value of consideration received or due in respect of rent receivable and insurance recharged from commercial properties situated in the United Kingdom, excluding VAT.

The Company recognises revenue when the following conditions are satisfied:

i. the amount of revenue can be measured reliably.

ii. it is probable that the economic benefits associated with the transaction can be measured reliably.

Where payments are received in advance from tenants, the amounts are recorded as deferred income and included as part of creditors due within one year.

Tangible fixed assets

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

Computer equipment

-

33% on straight line basis

Tangible assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes the original purchase price, costs directly attributable to bringing the asset to its working condition for its intended use, dismantling and restoration costs and borrowing costs capitalised.

The assets' residual values and useful lives are reviewed, and adjusted, if appropriate, at the end of each reporting period. The effect of any changes is accounted for prospectively.

Tangible assets are derecognised on disposal or when no future economic benefits are expected. On disposal, the difference between the net disposal proceeds and the carrying amount is recognised in profit or loss.

Investment property

Investment properties for which fair value can be measured reliably without undue cost or effort on an ongoing basis are measured at fair value annually with an change recognised in the profit and loss account.

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.

Cash and cash equivalent

Cash and cash equivalents includes cash in hand, deposits held at call with banks and other short-term highly liquid investments with original maturities of three months or less.

Financial instruments

The company has chosen to adopt the Sections 11 and 12 of FRS 102 in respect of financial instruments.

Basic financial assets, including trade and other receivables, cash and bank balances, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Basic financial liabilities, including trade and other payables, bank loans and overdrafts and loans from fellow group companies, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest

Distributions to equity holders

Dividends and other distributions to company's shareholders are recognised as a liability in the financial statements in the period in which the dividends and other distributions are approved by the company's shareholders.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2025 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 March 2025

3,527

Additions

255

At 28 February 2026

3,782

DEPRECIATION

At 1 March 2025

1,164

Charge for year

1,248

At 28 February 2026

2,412

NET BOOK VALUE

At 28 February 2026

1,370

At 28 February 2025

2,363

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

Additions

322,245

Revaluations

37,755

At 28 February 2026

360,000

NET BOOK VALUE

At 28 February 2026

360,000

Fair value at 28 February 2026 is represented by:

£

Valuation in 2026

37,755

Cost

322,245

360,000

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

2026

2025

£

Cost

322,245

-

Investment property was valued on an open market basis on 28 February 2026 by the directors .

6.

DEBTORS

2026

2025

£

Amounts falling due within one year:

Directors' current accounts

14,622

9,500

Prepayments and accrued income

500

-

15,122

9,500

Amounts falling due after more than one year:

Other debtors

1,688

-

Aggregate amounts

16,810

9,500

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Taxation

3,582

6,565

Accruals and deferred income

2,012

2,220

5,594

8,785

8.

RESERVES

Revaluation

reserve

£

Revaluation in year

33,434

At 28 February 2026

33,434

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 28 February 2026 and 28 February 2025:

2026

2025

£

C E Sutton

Balance outstanding at start of year

9,500

-

Amounts advanced

-

9,500

Amounts repaid

(4,638

)

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

4,862

9,500

N R Sutton

Balance outstanding at start of year

-

Amounts advanced

9,760

-

Amounts repaid

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

9,760

-