REGISTERED NUMBER: SC225451 (Scotland)

Border Union Limited

Financial Statements

for the year ended

30th September 2017

Page

Company information

1

Balance sheet

2

Notes to the financial statements

3

to

4

Directors:

C S McGregor

D N G Stephen

C B Stewart

A S W Armstrong

G T G Baird

Mrs K P Blair

R I Dick

N G C Thomson

I A Fleming

Secretary:

Miss M A Clark

Registered office:

Springwood Park

Kelso

Roxburghshire

TD5 8LS

Registered number:

SC225451 (Scotland)

Accountants:

Rennie Welch LLP

Academy House

Shedden Park Road

Kelso

Roxburghshire

TD5 7AL

Current assets

Debtors

4

88,674

90,882

Cash at bank

617

695

89,291

91,577

Creditors

Amounts falling due within one year

5

89,116

91,386

Net current assets

175

191

Total assets less current liabilities

175

191

Capital and reserves

Called up share capital

1

1

Retained earnings

174

190

Shareholders' funds

175

191

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Statement of income and retained earnings has not been delivered.

The financial statements were approved by the Board of Directors on 25th June 2018 and were signed on its behalf by:

R I Dick - Director

1.	Statutory information

Border Union Limited is a private company, limited by shares , registered in Scotland. 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.

Changes in accounting policies

The principal accounting policies adopted in the preparation of the financial statements are set out

below.

The financial statements for the year ended 30th September 2017 are the first financial statements that

comply with FRS 102 Section 1A for small entities. The date of transition is 1st October 2015.

There has been no impact to the financial statements on the transition date.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts,

rebates, value added tax and other sales taxes.

Turnover arising from the provision of services is recognised as contract activity progresses and the

right to consideration is earned.

Financial instruments

The following assets and liabilities are classified as financial instruments - trade debtors and trade

creditors.

Trade debtors and trade creditors are measured at the undiscounted amount of the cash or other

consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period

for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss

is recognised in the statement of income and retained earnings.

Provisions

Provisions are set up only where it is probable that a present obligation exists as a result of an event

prior to the balance sheet date and that a payment will be required in settlement that can be estimated

reliably. Where material, provisions are calculated on a discounted basis.

Going concern

The directors have considered the company's financial position for a period of 12 months from the date

of signing these financial statements and have reasonable expectation that the company has adequate

resources to continue in operational existence for the foreseeable future. Accordingly, they continue to

adopt the going concern basis in preparing these financial statements.

3.	Employees and directors

The average number of employees during the year was NIL (2016 - NIL).

4.

Debtors: amounts falling due within one year

2017

2016

£

£

Trade debtors

4,660

2,396

Amounts owed by group undertakings

84,014

88,486

88,674

90,882

5.

Creditors: amounts falling due within one year

2017

2016

£

£

Trade creditors

89,100

90,850

Taxation and social security

16

16

Other creditors

-

520

89,116

91,386

6.	Related party disclosures

Border Union Limited is a fully owned subsidiary of Border Union Agricultural Society. Border Union

Agricultural Society is a private company, limited by guarantee, registered in Scotland.