Bordsus Property Co. Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 00590407 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2020

for

Bordsus Property Co. Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr C J Teall

Mrs E M Teall

REGISTERED OFFICE:

Salford Mill

Worcester Road

Chipping Norton

Oxfordshire

OX7 5YQ

REGISTERED NUMBER:

00590407 (England and Wales)

ACCOUNTANTS:

Francis & Co

Second Floor

123 Promenade

Cheltenham

Gloucestershire

GL50 1NW

FIXED ASSETS

Tangible assets

4

379

505

Investment property

5

651,445

651,445

651,824

651,950

CURRENT ASSETS

Debtors

6

2,315

2,315

Cash at bank

671

3,069

2,986

5,384

CREDITORS

Amounts falling due within one year

7

8,074

7,578

NET CURRENT LIABILITIES

(5,088

)

(2,194

)

TOTAL ASSETS LESS CURRENT LIABILITIES

646,736

649,756

CREDITORS

Amounts falling due after more than one year

8

127

889

NET ASSETS

646,609

648,867

CAPITAL AND RESERVES

Called up share capital

100

100

Revaluation reserve

640,022

640,022

Retained earnings

6,487

8,745

SHAREHOLDERS' FUNDS

646,609

648,867

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2020 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 21 October 2020 and were signed on its behalf by:

Mr C J Teall - Director

1.	STATUTORY INFORMATION

Bordsus Property Co. Ltd 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.

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

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2019 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2019

and 31 March 2020

6,727

DEPRECIATION

At 1 April 2019

6,222

Charge for year

126

At 31 March 2020

6,348

NET BOOK VALUE

At 31 March 2020

379

At 31 March 2019

505

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2019

and 31 March 2020

651,445

NET BOOK VALUE

At 31 March 2020

651,445

At 31 March 2019

651,445

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.20

31.3.19

£

£

Other debtors

2,315

2,315

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.20

31.3.19

£

£

Taxation and social security

4,895

4,399

Other creditors

3,179

3,179

8,074

7,578

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.20

31.3.19

£

£

Other creditors

127

889