IRIS Accounts Production v23.3.0.418 SC441782 director 31.3.23 1.4.22 31.3.23 31.3.23 true true true false true true false false false false false true false Fair value model Ordinary Shares 0 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC4417822022-03-31SC4417822023-03-31SC4417822022-04-012023-03-31SC4417822021-03-31SC4417822021-04-012022-03-31SC4417822022-03-31SC441782ns10:Originalns15:Scotland2022-04-012023-03-31SC441782ns14:PoundSterlingns10:Original2022-04-012023-03-31SC441782ns10:Originalns10:Director12022-04-012023-03-31SC441782ns10:Original2022-04-012023-03-31SC441782ns10:Originalns10:Consolidated2023-03-31SC441782ns10:Original2023-03-31SC441782ns10:Originalns10:ConsolidatedGroupCompanyAccounts2022-04-012023-03-31SC441782ns10:Originalns10:PrivateLimitedCompanyLtd2022-04-012023-03-31SC441782ns10:Originalns10:Consolidatedns10:FRS1022022-04-012023-03-31SC441782ns10:Originalns10:Consolidatedns10:Audited2022-04-012023-03-31SC441782ns10:Originalns10:LargeMedium-sizedCompaniesRegimeForDirectorsReport2022-04-012023-03-31SC441782ns10:LargeMedium-sizedCompaniesRegimeForAccountsns10:Original2022-04-012023-03-31SC441782ns10:Originalns10:Consolidatedns10:LargeMedium-sizedCompaniesRegimeForDirectorsReport2022-04-012023-03-31SC441782ns10:LargeMedium-sizedCompaniesRegimeForAccountsns10:Originalns10:Consolidated2022-04-012023-03-31SC441782ns10:Originalns10:FullAccounts2022-04-012023-03-31SC441782ns10:Originalns5:Subsidiary12022-04-012023-03-31SC441782ns10:Originalns5:Subsidiary22022-04-012023-03-31SC441782ns5:Subsidiary3ns10:Original2022-04-012023-03-31SC441782ns10:Originalns10:OrdinaryShareClass12022-04-012023-03-31SC441782ns10:Originalns10:Consolidated2022-04-012023-03-31SC441782ns10:Originalns10:RegisteredOffice2022-04-012023-03-31SC441782ns10:Originalns10:Consolidated2021-04-012022-03-31SC441782ns10:Original2022-03-31SC441782ns10:Originalns5:CurrentFinancialInstruments2023-03-31SC441782ns10:Originalns5:CurrentFinancialInstruments2022-03-31SC441782ns5:ShareCapitalns10:Original2023-03-31SC441782ns5:ShareCapitalns10:Original2022-03-31SC441782ns5:ShareCapitalns10:Original2021-03-31SC441782ns10:Originalns5:RetainedEarningsAccumulatedLosses2021-03-31SC441782ns10:Originalns5:RevaluationReserve2021-03-31SC441782ns10:Original2021-03-31SC441782ns10:Originalns5:RetainedEarningsAccumulatedLosses2021-04-012022-03-31SC441782ns10:Original2021-04-012022-03-31SC441782ns10:Originalns5:RevaluationReserve2021-04-012022-03-31SC441782ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-04-012023-03-31SC441782ns10:Originalns5:RevaluationReserve2022-04-012023-03-31SC441782ns10:Originalns5:OwnedOrFreeholdAssetsns5:LandBuildings2022-04-012023-03-31SC441782ns10:Originalns5:PlantMachinery2022-04-012023-03-31SC441782ns10:Originalns5:FurnitureFittings2022-04-012023-03-31SC441782ns10:Originalns5:MotorVehicles2022-04-012023-03-31SC441782ns10:Originalns5:LandBuildings2022-03-31SC441782ns10:Originalns5:LandBuildings2022-04-012023-03-31SC441782ns10:Originalns5:LandBuildings2023-03-31SC441782ns10:Originalns5:LandBuildings2022-03-31SC441782ns10:Originalns5:CostValuation2022-03-31SC441782ns10:Originalns5:DisposalsRepaymentsInvestments2023-03-31SC441782ns10:Originalns5:CostValuation2023-03-31SC441782ns10:Originalns5:Subsidiary112022-04-012023-03-31SC441782ns10:Original3ns5:Subsidiary22022-04-012023-03-31SC441782ns5:Subsidiary3ns10:Original52022-04-012023-03-31SC441782ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-31SC441782ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-03-31SC441782ns10:Originalns5:DeferredTaxation2022-03-31SC441782ns10:Originalns5:DeferredTaxation2022-04-012023-03-31SC441782ns10:Originalns5:DeferredTaxation2023-03-31SC441782ns10:Originalns10:OrdinaryShareClass12023-03-31SC441782ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-03-31SC441782ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-03-31
REGISTERED NUMBER: SC441782 (Scotland)




















GROUP STRATEGIC REPORT,

REPORT OF THE DIRECTOR AND

CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

BEATTIE HOLDINGS (SCOTLAND) LIMITED

BEATTIE HOLDINGS (SCOTLAND) LIMITED (REGISTERED NUMBER: SC441782)






CONTENTS OF THE CONSOLIDATED FINANCIAL STATEMENTS
for the Year Ended 31 March 2023




Page

Company Information 1

Group Strategic Report 2

Report of the Director 4

Report of the Independent Auditors 5

Consolidated Income Statement 8

Consolidated Balance Sheet 9

Company Balance Sheet 10

Consolidated Statement of Changes in Equity 12

Company Statement of Changes in Equity 13

Consolidated Cash Flow Statement 14

Notes to the Consolidated Cash Flow Statement 15

Notes to the Consolidated Financial Statements 16


BEATTIE HOLDINGS (SCOTLAND) LIMITED

COMPANY INFORMATION
for the Year Ended 31 March 2023







DIRECTOR: I Beattie



REGISTERED OFFICE: Former Masterton Buildings
Bo'ness Road
Grangemouth
FK3 9XF



REGISTERED NUMBER: SC441782 (Scotland)



AUDITORS: Curle & Co
Chartered Accountants & Registered Auditor
22 Backbrae Street
Kilsyth
G65 0NH



BANKERS: The Royal Bank of Scotland
36 St Andrew Square
Edinburgh
EH2 2YB

BEATTIE HOLDINGS (SCOTLAND) LIMITED (REGISTERED NUMBER: SC441782)

GROUP STRATEGIC REPORT
for the Year Ended 31 March 2023

The board of Directors have pleasure in presenting their strategic report for the year ended 31st March 2023.

Principal Activities

Beattie Holdings (Scotland) Limited acts as a commercial property rental and holding company.
The firm also offers fixed rate commercial loans.

Business Review

Beattie Holdings (Scotland) Limited saw a 44.7% increase in net profits (to £3,392,779 (£2,345,227 in 2022)) despite turnover falling 4.8% (to £19,172,628 (£20,132,926 in 2022)) from the preceding year. Operating profit also swelled by £1,268,929 to £3,933,487 from £2,664,558 in 2022. Despite a decrease in turnover, the growth in profitability from 2022 is predominantly attributable to the firm receiving a greater return from it's subsidiary Beattie FRC Limited and Peoples Safety Limited, a company in which Beattie Holdings (Scotland) Limited holds a considerable interest.

The company also conducted a rent review and increased rental proceeds from its commercial properties by 10% across the board. In addition, the business received improved levels of loan interest from the growing commercial loans branch of the business.

Current assets have risen by 62.5% principally due to the rise in cash at bank whilst trade debtors also grew considerably on the previous year.

Current liabilities are considered immaterial.

There are no liquidity concerns whatsoever with the firm maintaining a high and stable cash at bank balance. The company also has negligible history of experiencing bad debts.

Key Performance Indicators: 2023 2022

Turnover £19,172,628 £20,132,926

Gross Profit Margin 34.11% 33.68%

Net Profit Margin 17.70% 11.65%

Quarterly management accounts are prepared to monitor the company's progress. The same is also prepared for each of the firm's in which Beattie Holdings (Scotland) Limited has an interest, namely: Beattie FRC Limited; IBB Leisure Limited and Peoples Safety Limited. Moreover, micro analysis of individual projects / sectors handled by these three firms is administered to ensure margins are maintained and projects are viable and contributing to the group's overall prosperity.

Strategy and Outlook

Beattie Holdings (Scotland) Limited aims to continue to support the growth and success of each of the firms in which it has an interest. The intention will also be to ensure that accumulated funds are invested in such a way so as to minimise risk whilst maximising return. The firm will likely continue with a diverse approach including, but not limited to: supporting the businesses in which the firm has an interest; the purchase of new commercial property; new financial investments; the provision of new commercial loans etc.

Risk and Uncertainties

Commercial Property Value

Whilst property purchases carry an inherent risk in terms of value, commercial property represents a small proportion of the company's investment portfolio and as such, risk is minimised. Furthermore, Beattie Holdings (Scotland) Limited researches commercial property purchases thoroughly ensuring value for money and acceptable potential rates of return.




BEATTIE HOLDINGS (SCOTLAND) LIMITED (REGISTERED NUMBER: SC441782)

GROUP STRATEGIC REPORT
for the Year Ended 31 March 2023

Rental Market

Currently all commercial property owned by Beattie Holdings (Scotland) Limited is located in and around the Grangemouth area and as such this presents the risk that demand in this area may wane. Management personnel have given this due consideration and are comfortable that this market is secure in both the short and long term.

Commercial Loans

All commercial loans are secured against unencumbered assets of sufficient value. As a main contributor to the success of Beattie Holdings (Scotland) Limited, Beattie FRC Limited (subsidiary of Beattie Holdings (Scotland) Limited) carries the greatest risk and uncertainty as follows:

Margin Erosion

As intimated previously, the shortages of skilled operatives in the labour market is of major concern. Through continued training of workers, Beattie FRC Limited has managed to maintain a capable workforce despite such shortages and industry typical high labour turnover. Having excellent customer relations has permitted Beattie FRC Limited to navigate these difficulties by negotiating the passing of these additional costs to our customers allowing us to maintain margins.

Supply Chain

Again, labour market shortages (due to Brexit / construction being a less popular career path)have been addressed through a combination of labour rate increases; training and budgetary discussions with clients.

Competition

The construction industry is notoriously flooded with transient firms pricing works at unsustainable levels. By working in tandem with main contractors, Beattie FRC Limited manages to establish prices and maintain margins safe in the knowledge that delivery will be made to the satisfaction of all parties.

Industry Conditions

Much of Beattie FRC Limited's work is on government projects meaning that (for the most part) whilst the business is not subject to cyclical / seasonal trade, it is at the mercy of government policy. Beattie FRC Limited continues the development of new services whilst building relationships and a client base in the private sector.

ON BEHALF OF THE BOARD:





I Beattie - Director


9 February 2024

BEATTIE HOLDINGS (SCOTLAND) LIMITED (REGISTERED NUMBER: SC441782)

REPORT OF THE DIRECTOR
for the Year Ended 31 March 2023

The director presents his report with the financial statements of the company and the group for the year ended 31 March 2023.

PRINCIPAL ACTIVITY
The principal activity of the group in the year under review was that of a property rental and holding company.

DIVIDENDS
An interim dividend of £800 per share was paid on 31 March 2023. The director recommends that no final dividend be paid.

The total distribution of dividends for the year ended 31 March 2023 will be £ 240,000 .

DIRECTOR
I Beattie held office during the whole of the period from 1 April 2022 to the date of this report.

STATEMENT OF DIRECTOR'S RESPONSIBILITIES
The director is responsible for preparing the Group Strategic Report, the Report of the Director and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the company and the group and of the profit or loss of the group for that period. In preparing these financial statements, the director is required to:

- select suitable accounting policies and then apply them consistently;
- make judgements and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's and the group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group and enable him to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the director is aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the group's auditors are unaware, and he has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the group's auditors are aware of that information.

AUDITORS
The auditors, Curle & Co, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:





I Beattie - Director


9 February 2024

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
BEATTIE HOLDINGS (SCOTLAND) LIMITED

Opinion
We have audited the financial statements of Beattie Holdings (Scotland) Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 March 2023 which comprise the Consolidated Income Statement, Consolidated Other Comprehensive Income, Consolidated Balance Sheet, Company Balance Sheet, Consolidated Statement of Changes in Equity, Company Statement of Changes in Equity, Consolidated Cash Flow Statement and Notes to the Consolidated Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the group's and of the parent company affairs as at 31 March 2023 and of the group's profit for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and the parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the director with respect to going concern are described in the relevant sections of this report.

Other information
The director is responsible for the other information. The other information comprises the information in the Group Strategic Report and the Report of the Director, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Group Strategic Report and the Report of the Director for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Group Strategic Report and the Report of the Director have been prepared in accordance with applicable legal requirements.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
BEATTIE HOLDINGS (SCOTLAND) LIMITED


Matters on which we are required to report by exception
In the light of the knowledge and understanding of the group and the parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group Strategic Report or the Report of the Director.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or
- the parent company financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of director's remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

Responsibilities of director
As explained more fully in the Statement of Director's Responsibilities set out on page four, the director is responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the director determines necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the director is responsible for assessing the group's and the parent company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the director either intends to liquidate the group or the parent company or to cease operations, or has no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

The Company is subject to laws and regulations that directly and indirectly affect the financial statements. Based on our understanding of the Company and industry, we identified that the principal risks of non-compliance with laws and regulations related to general legislation and breaches of health & safety regulation. We considered the extent to which non-compliance with these laws and regulations might have a material effect on the financial statements. We also considered those laws and regulations that have a direct impact on the preparation of the financial statement such as the Companies Act 2006. We evaluated management's incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls), and determined that the principal risks were related to posting journal entries to manipulate revenue and profit. Audit procedures performed by the engagement team included:

- discussions with management, including consideration of known or suspected instances of non-compliance with laws and regulations including fraud;
- enquiring of management as to actual and potential litigation and claims
- Identifying and assessing the design effectiveness of controls that management has in place to prevent and detect fraud and non-compliance with laws and regulations;
- challenging assumptions and judgements made by management, in their significant accounting estimates, particularly in relation to the value of accrued income and expenses
- identifying and testing journal entries, in particular journal entries posted with unusual account combinations, backdated journals and journals with unusual descriptions.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
BEATTIE HOLDINGS (SCOTLAND) LIMITED


Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Gareth Curle (Senior Statutory Auditor)
for and on behalf of Curle & Co
Chartered Accountants & Registered Auditor
22 Backbrae Street
Kilsyth
G65 0NH

9 February 2024

BEATTIE HOLDINGS (SCOTLAND) LIMITED (REGISTERED NUMBER: SC441782)

CONSOLIDATED
INCOME STATEMENT
for the Year Ended 31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   

TURNOVER 19,172,628 20,132,926

Cost of sales 12,632,146 13,352,593
GROSS PROFIT 6,540,482 6,780,333

Administrative expenses 2,686,195 4,249,852
3,854,287 2,530,481

Other operating income 79,200 134,077
OPERATING PROFIT 4 3,933,487 2,664,558

Income from fixed asset investments 312,000 170,086
Interest receivable and similar income 32,231 27,217
344,231 197,303
4,277,718 2,861,861

Interest payable and similar expenses 5 1,475 2,448
PROFIT BEFORE TAXATION 4,276,243 2,859,413

Tax on profit 6 883,464 514,186
PROFIT FOR THE FINANCIAL YEAR 3,392,779 2,345,227

BEATTIE HOLDINGS (SCOTLAND) LIMITED (REGISTERED NUMBER: SC441782)

CONSOLIDATED BALANCE SHEET
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 9 2,203,087 2,508,773
Investments 10 48 398
Investment property 11 771,900 -
2,975,035 2,509,171

CURRENT ASSETS
Stocks 12 11,500 11,757
Debtors 13 3,527,053 3,657,219
Cash at bank and in hand 6,047,808 2,934,515
9,586,361 6,603,491
CREDITORS
Amounts falling due within one year 14 3,311,673 3,292,163
NET CURRENT ASSETS 6,274,688 3,311,328
TOTAL ASSETS LESS CURRENT
LIABILITIES

9,249,723

5,820,499

CREDITORS
Amounts falling due after more than one
year

15

(22,374

)

(31,667

)

PROVISIONS FOR LIABILITIES 18 (490,402 ) (226,563 )
NET ASSETS 8,736,947 5,562,269

CAPITAL AND RESERVES
Called up share capital 19 300 300
Revaluation reserve 20 910,920 910,920
Retained earnings 20 7,825,727 4,651,049
SHAREHOLDERS' FUNDS 8,736,947 5,562,269

The financial statements were approved by the director and authorised for issue on 9 February 2024 and were signed by:





I Beattie - Director


BEATTIE HOLDINGS (SCOTLAND) LIMITED (REGISTERED NUMBER: SC441782)

COMPANY BALANCE SHEET
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 9 - 433,100
Investments 10 648 998
Investment property 11 771,900 -
772,548 434,098

CURRENT ASSETS
Debtors 13 4,132,760 3,256,708
Cash at bank 4,062,752 1,787,877
8,195,512 5,044,585
CREDITORS
Amounts falling due within one year 14 36,707 33,652
NET CURRENT ASSETS 8,158,805 5,010,933
TOTAL ASSETS LESS CURRENT
LIABILITIES

8,931,353

5,445,031

PROVISIONS FOR LIABILITIES 18 106,286 41,914
NET ASSETS 8,825,067 5,403,117

CAPITAL AND RESERVES
Called up share capital 19 300 300
Revaluation reserve 200,586 200,586
Retained earnings 8,624,181 5,202,231
SHAREHOLDERS' FUNDS 8,825,067 5,403,117

Company's profit for the financial year 3,640,050 2,413,842

BEATTIE HOLDINGS (SCOTLAND) LIMITED (REGISTERED NUMBER: SC441782)

COMPANY BALANCE SHEET - continued
31 March 2023



The financial statements were approved by the director and authorised for issue on 9 February 2024 and were signed by:





I Beattie - Director


BEATTIE HOLDINGS (SCOTLAND) LIMITED (REGISTERED NUMBER: SC441782)

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
for the Year Ended 31 March 2023

Called up
share Retained Revaluation Total
capital earnings reserve equity
£    £    £    £   

Balance at 1 April 2021 900 2,515,822 769,456 3,286,178

Changes in equity
Issue of share capital (600 ) - - (600 )
Dividends - (210,000 ) - (210,000 )
Total comprehensive income - 2,345,227 141,464 2,486,691
Balance at 31 March 2022 300 4,651,049 910,920 5,562,269

Changes in equity
Dividends - (240,000 ) - (240,000 )
Total comprehensive income - 3,392,779 (60,211 ) 3,332,568
Balance at 31 March 2023 300 7,803,828 850,709 8,654,837

BEATTIE HOLDINGS (SCOTLAND) LIMITED (REGISTERED NUMBER: SC441782)

COMPANY STATEMENT OF CHANGES IN EQUITY
for the Year Ended 31 March 2023

Called up
share Retained Revaluation Total
capital earnings reserve equity
£    £    £    £   

Balance at 1 April 2021 300 2,998,389 242,500 3,241,189

Changes in equity
Dividends - (210,000 ) - (210,000 )
Total comprehensive income - 2,413,842 (41,914 ) 2,371,928
Balance at 31 March 2022 300 5,202,231 200,586 5,403,117

Changes in equity
Dividends - (240,000 ) - (240,000 )
Total comprehensive income - 3,640,050 (60,211 ) 3,579,839
Balance at 31 March 2023 300 8,602,281 140,375 8,742,956

BEATTIE HOLDINGS (SCOTLAND) LIMITED (REGISTERED NUMBER: SC441782)

CONSOLIDATED CASH FLOW STATEMENT
for the Year Ended 31 March 2023

31.3.23 31.3.22
Notes £    £   
Cash flows from operating activities
Cash generated from operations 1 3,952,375 2,205,950
Interest paid (1,475 ) (2,448 )
Tax paid (619,624 ) (511,967 )
Net cash from operating activities 3,331,276 1,691,535

Cash flows from investing activities
Purchase of tangible fixed assets (322,214 ) (58,941 )
Sale of tangible fixed assets (350 ) -
Sale of fixed asset investments 350 -
Interest received 32,231 27,217
Dividends received 312,000 170,086
Net cash from investing activities 22,017 138,362

Cash flows from financing activities
Equity dividends paid (240,000 ) (210,000 )
Net cash from financing activities (240,000 ) (210,000 )

Increase in cash and cash equivalents 3,113,293 1,619,897
Cash and cash equivalents at beginning of
year

2

2,934,515

1,314,618

Cash and cash equivalents at end of year 2 6,047,808 2,934,515

BEATTIE HOLDINGS (SCOTLAND) LIMITED (REGISTERED NUMBER: SC441782)

NOTES TO THE CONSOLIDATED CASH FLOW STATEMENT
for the Year Ended 31 March 2023

1. RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM
OPERATIONS
31.3.23 31.3.22
£    £   
Profit before taxation 4,276,243 2,859,413
Depreciation charges 194,800 101,583
Loss on disposal of fixed assets 350 -
Gain on revaluation of fixed assets (316,900 ) -
Finance costs 1,475 2,448
Finance income (344,231 ) (197,303 )
3,811,737 2,766,141
Decrease/(increase) in stocks 257 (9,757 )
Decrease/(increase) in trade and other debtors 130,164 (1,571,997 )
Increase in trade and other creditors 10,217 1,021,563
Cash generated from operations 3,952,375 2,205,950

2. CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 31 March 2023
31.3.23 1.4.22
£    £   
Cash and cash equivalents 6,047,808 2,934,515
Year ended 31 March 2022
31.3.22 1.4.21
£    £   
Cash and cash equivalents 2,934,515 1,314,618


3. ANALYSIS OF CHANGES IN NET FUNDS

At 1.4.22 Cash flow At 31.3.23
£    £    £   
Net cash
Cash at bank and in hand 2,934,515 3,113,293 6,047,808
2,934,515 3,113,293 6,047,808
Debt
Debts falling due within 1 year (710,000 ) - (710,000 )
Debts falling due after 1 year (31,667 ) 9,293 (22,374 )
(741,667 ) 9,293 (732,374 )
Total 2,192,848 3,122,586 5,315,434

BEATTIE HOLDINGS (SCOTLAND) LIMITED (REGISTERED NUMBER: SC441782)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Beattie Holdings (Scotland) 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 General 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" 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 and revenue recognition
Turnover represents net invoiced sales of goods and services, excluding VAT. Revenue is recognised when goods and services are provided to the customer.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Plant and machinery - 25% on cost
Fixtures and fittings - 10% on cost
Motor vehicles - 25% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Consolidated 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.

BEATTIE HOLDINGS (SCOTLAND) LIMITED (REGISTERED NUMBER: SC441782)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2023

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The group operates a defined contribution pension scheme. Contributions payable to the group's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS
31.3.23 31.3.22
£    £   
Wages and salaries 1,100,908 987,803
Social security costs 24,944 25,657
Other pension costs 117,523 204,151
1,243,375 1,217,611

The average number of employees during the year was as follows:
31.3.23 31.3.22

Management 2 2
Finance 1 1
Administration 2 2
Operational 30 25
35 30

The average number of employees by undertakings that were proportionately consolidated during the year was 35 (2022 - 30 ) .

31.3.23 31.3.22
£    £   
Director's remuneration 91,456 90,938

4. OPERATING PROFIT

The operating profit is stated after charging:

31.3.23 31.3.22
£    £   
Hire of plant and machinery 904,635 2,662,348
Depreciation - owned assets 194,800 101,584
Loss on disposal of fixed assets 350 -
Auditors' remuneration 12,500 -

5. INTEREST PAYABLE AND SIMILAR EXPENSES
31.3.23 31.3.22
£    £   
Bank interest 768 540
Bank loan interest 707 1,908
1,475 2,448

BEATTIE HOLDINGS (SCOTLAND) LIMITED (REGISTERED NUMBER: SC441782)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2023

6. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
31.3.23 31.3.22
£    £   
Current tax:
UK corporation tax 653,412 511,968
No description (33,788 ) -
Total current tax 619,624 511,968

Deferred tax 263,840 2,218
Tax on profit 883,464 514,186

7. INDIVIDUAL INCOME STATEMENT

As permitted by Section 408 of the Companies Act 2006, the Income Statement of the parent company is not presented as part of these financial statements.


8. DIVIDENDS
31.3.23 31.3.22
£    £   
Ordinary Shares shares of £1.00 each
Interim 240,000 210,000

9. TANGIBLE FIXED ASSETS

Group
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 April 2022 2,205,000 - 388,113 163,486 2,756,599
Additions - 210,565 2,907 108,742 322,214
Reclassification/transfer (455,000 ) - - - (455,000 )
At 31 March 2023 1,750,000 210,565 391,020 272,228 2,623,813
DEPRECIATION
At 1 April 2022 21,900 - 157,319 68,607 247,826
Charge for year 35,000 52,641 39,102 68,057 194,800
Reclassification/transfer (21,900 ) - - - (21,900 )
At 31 March 2023 35,000 52,641 196,421 136,664 420,726
NET BOOK VALUE
At 31 March 2023 1,715,000 157,924 194,599 135,564 2,203,087
At 31 March 2022 2,183,100 - 230,794 94,879 2,508,773

BEATTIE HOLDINGS (SCOTLAND) LIMITED (REGISTERED NUMBER: SC441782)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2023

9. TANGIBLE FIXED ASSETS - continued

Company
Freehold
property
£   
COST
At 1 April 2022 455,000
Reclassification/transfer (455,000 )
At 31 March 2023 -
DEPRECIATION
At 1 April 2022 21,900
Reclassification/transfer (21,900 )
At 31 March 2023 -
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 433,100

10. FIXED ASSET INVESTMENTS

Group
Shares in
group
undertakings
£   
COST
At 1 April 2022 398
Disposals (350 )
At 31 March 2023 48
NET BOOK VALUE
At 31 March 2023 48
At 31 March 2022 398
Company
Shares in
group
undertakings
£   
COST
At 1 April 2022 998
Disposals (350 )
At 31 March 2023 648
NET BOOK VALUE
At 31 March 2023 648
At 31 March 2022 998

BEATTIE HOLDINGS (SCOTLAND) LIMITED (REGISTERED NUMBER: SC441782)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2023

10. FIXED ASSET INVESTMENTS - continued

The group or the company's investments at the Balance Sheet date in the share capital of companies include the following:

Subsidiaries

Beattie FRC Limited
Registered office:
Nature of business: Construction Services
%
Class of shares: holding
Ordinary 100.00

Peoples Safety Limited
Registered office:
Nature of business: Construction Services
%
Class of shares: holding
Ordinary 48.00

IBB Leisure Limited
Registered office:
Nature of business: Running a hotel
%
Class of shares: holding
Ordinary 100.00


11. INVESTMENT PROPERTY

Group
Total
£   
FAIR VALUE
Revaluations 316,900
Reclassification/transfer 455,000
At 31 March 2023 771,900
DEPRECIATION
Charge written back (21,900 )
Reclassification/transfer 21,900
At 31 March 2023 -
NET BOOK VALUE
At 31 March 2023 771,900

Fair value at 31 March 2023 is represented by:
£   
Valuation in 2023 316,900
Cost 455,000
771,900

BEATTIE HOLDINGS (SCOTLAND) LIMITED (REGISTERED NUMBER: SC441782)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2023

11. INVESTMENT PROPERTY - continued

Company
Total
£   
FAIR VALUE
Revaluations 316,900
Reclassification/transfer 455,000
At 31 March 2023 771,900
DEPRECIATION
Charge written back (21,900 )
Reclassification/transfer 21,900
At 31 March 2023 -
NET BOOK VALUE
At 31 March 2023 771,900

Fair value at 31 March 2023 is represented by:
£   
Valuation in 2023 316,900
Cost 455,000
771,900

12. STOCKS

Group
31.3.23 31.3.22
£    £   
Finished goods 11,500 11,757

13. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group Company
31.3.23 31.3.22 31.3.23 31.3.22
£    £    £    £   
Trade debtors 2,281,501 2,103,205 2,760 2,400
Other debtors 639,200 634,565 4,130,000 3,254,308
Prepayments and accrued income 606,352 919,449 - -
3,527,053 3,657,219 4,132,760 3,256,708

BEATTIE HOLDINGS (SCOTLAND) LIMITED (REGISTERED NUMBER: SC441782)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2023

14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group Company
31.3.23 31.3.22 31.3.23 31.3.22
£    £    £    £   
Bank loans and overdrafts (see note 16) 10,000 10,000 - -
Other loans (see note 16) 700,000 700,000 - -
Trade creditors 138,494 195,191 - 5,345
Tax 400,483 512,030 17,756 15,401
Social security and other taxes 253,948 274,610 - -
VAT 470,954 179,981 3,651 2,767
Other creditors 6,379 7,402 - -
Directors' current accounts 390,410 544,541 - -
Accruals and deferred income 12,898 14,373 7,000 7,000
Accrued expenses 928,107 854,035 8,300 3,139
3,311,673 3,292,163 36,707 33,652

15. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

Group
31.3.23 31.3.22
£    £   
Bank loans (see note 16) 22,374 31,667

16. LOANS

An analysis of the maturity of loans is given below:

Group
31.3.23 31.3.22
£    £   
Amounts falling due within one year or on demand:
Bank loans 10,000 10,000
Other loans 700,000 700,000
710,000 710,000
Amounts falling due between one and two years:
Bank loans - 1-2 years 10,000 10,000
Amounts falling due between two and five years:
Bank loans - 2-5 years 12,374 21,667

17. SECURED DEBTS

BEATTIE HOLDINGS (SCOTLAND) LIMITED (REGISTERED NUMBER: SC441782)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2023

18. PROVISIONS FOR LIABILITIES

Group Company
31.3.23 31.3.22 31.3.23 31.3.22
£    £    £    £   
Deferred tax 490,402 226,563 106,286 41,914

Group
Deferred
tax
£   
Balance at 1 April 2022 226,563
Provided during year 263,839
Balance at 31 March 2023 490,402

Company
Deferred
tax
£   
Balance at 1 April 2022 41,914
Provided during year 64,372
Balance at 31 March 2023 106,286

19. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
300 Ordinary Shares £1.00 300 300

20. RESERVES

Group
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 April 2022 4,672,948 971,131 5,644,079
Profit for the year 3,392,779 3,392,779
Dividends (240,000 ) (240,000 )
No description - (60,211 ) (60,211 )
At 31 March 2023 7,825,727 910,920 8,736,647

BEATTIE HOLDINGS (SCOTLAND) LIMITED (REGISTERED NUMBER: SC441782)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2023

20. RESERVES - continued

Company
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 April 2022 5,224,131 260,797 5,484,928
Profit for the year 3,640,050 3,640,050
Dividends (240,000 ) (240,000 )
No description - (60,211 ) (60,211 )
At 31 March 2023 8,624,181 200,586 8,824,767


21. ULTIMATE CONTROLLING PARTY

Control of the company is split equally between Balquhatstone Limited and Scott Investments (Scotland) Ltd.