Borroughs Investments Limited
Borroughs Investments Limited
Registered number: 08878719
Unaudited Financial Statements
For The Year Ended 28 February 2019
GMS FC Limited
1 London Road
Ipswich
Suffolk
IP1 2HA
Borroughs Investments Limited
Unaudited Financial Statements
For The Year Ended 28 February 2019
Unaudited Financial Statements
Contents | |
Page | |
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Balance Sheet | 1—2 |
Notes to the Financial Statements | 3—4 |
Borroughs Investments Limited
Balance Sheet
As at
28 February 2019
Balance Sheet
Registered number:
08878719
For the year ending 28 February 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
2019 | 2018 | ||||
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Notes | £ | £ | £ | £ | |
FIXED ASSETS | |||||
Tangible Assets | 3 |
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CURRENT ASSETS | |||||
Debtors | 4 |
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Cash at bank and in hand |
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Creditors: Amounts Falling Due Within One Year | 5 |
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NET CURRENT ASSETS (LIABILITIES) |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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NET ASSETS |
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CAPITAL AND RESERVES | |||||
Called up share capital | 6 |
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Profit and Loss Account |
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SHAREHOLDERS' FUNDS | (1) | 1 | |||
Page 1
Borroughs Investments Limited
Balance Sheet (continued)
As at
28 February 2019
Director's responsibilities
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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
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The notes on pages 3 to 4 form part of these financial statements.
Page 2
Borroughs Investments Limited
Notes to the Financial Statements
For The Year Ended 28 February 2019
Notes to the Financial Statements
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1.2.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
1.3.
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.
Average Number of Employees
Average number of employees, including directors, during the year was as follows: 1 (2018 - 1)
3.
Tangible Assets
Investment Properties | |
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£ | |
Cost | |
As at |
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Additions | 166,316 |
As at |
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Net Book Value | |
As at |
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As at |
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4.
Debtors
2019 | 2018 | ||
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£ | £ | ||
Due within one year | |||
Called up share capital not paid |
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Page 3
Borroughs Investments Limited
Notes to the Financial Statements (continued)
For The Year Ended 28 February 2019
5.
Creditors: Amounts Falling Due Within One Year
2019 | 2018 | ||
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£ | £ | ||
Accruals and deferred income |
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Director's loan account |
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6.
Share Capital
2019 | 2018 | ||
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Allotted, Called up and fully paid |
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7.
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.
Page 4