Bruadarach Ltd SC732077 false 2022-05-11 2023-05-31 2023-05-31 The principal activity of the company is a holding investment company. Digita Accounts Production Advanced 6.30.9574.0 true true SC732077 2022-05-11 2023-05-31 SC732077 2023-05-31 SC732077 core:CurrentFinancialInstruments 2023-05-31 SC732077 core:CurrentFinancialInstruments core:WithinOneYear 2023-05-31 SC732077 core:AdditionsToInvestments 2023-05-31 SC732077 bus:SmallEntities 2022-05-11 2023-05-31 SC732077 bus:AuditExemptWithAccountantsReport 2022-05-11 2023-05-31 SC732077 bus:FullAccounts 2022-05-11 2023-05-31 SC732077 bus:SmallCompaniesRegimeForAccounts 2022-05-11 2023-05-31 SC732077 bus:RegisteredOffice 2022-05-11 2023-05-31 SC732077 bus:Director1 2022-05-11 2023-05-31 SC732077 bus:PrivateLimitedCompanyLtd 2022-05-11 2023-05-31 SC732077 countries:Scotland 2022-05-11 2023-05-31 iso4217:GBP xbrli:pure

Registration number: SC732077

Bruadarach Ltd

Unaudited Financial Statements

for the Period from 11 May 2022 to 31 May 2023

 

Bruadarach Ltd

Contents

Statement of Financial Position

1

Notes to the Unaudited Financial Statements

2 to 4

 

Bruadarach Ltd

(Registration number: SC732077)
Statement of Financial Position as at 31 May 2023

Note

2023
£

Fixed assets

 

Investments

4

2

Current assets

 

Debtors

570

Cash at bank and in hand

 

460

 

1,030

Creditors: Amounts falling due within one year

(1,022)

Net current assets

 

8

Net assets

 

10

Capital and reserves

 

Called up share capital

10

Shareholders' funds

 

10

For the financial period ending 31 May 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the Company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the Directors have not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the Board on 7 February 2024 and signed on its behalf by:
 

.........................................
Mr Alexander McDonald
Director

 

Bruadarach Ltd

Notes to the Unaudited Financial Statements for the Period from 11 May 2022 to 31 May 2023

1

General information

The Company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
Bruadar
Burrelton
Blairgowrie
PH13 9PP
Scotland

These financial statements were authorised for issue by the Board on 7 February 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling which is the functional currency of the entity.

Going concern

The financial statements have been prepared on a going concern basis.

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the Group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the Group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

 

Bruadarach Ltd

Notes to the Unaudited Financial Statements for the Period from 11 May 2022 to 31 May 2023

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Dividends

Dividend distribution to the Company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Financial instruments

Classification
Financial instruments are classified and accounted for, according to the substance of the contractual agreement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
 

3

Staff numbers

The average number of persons employed by the Company (including Directors) during the period, was 0.

4

Investments

2023
£

Investments in associates

2

 

Bruadarach Ltd

Notes to the Unaudited Financial Statements for the Period from 11 May 2022 to 31 May 2023

Associates

£

Cost

Additions

2

Provision

Carrying amount

At 31 May 2023

2

5

Dividends

   

2023

   

£

Interim dividend of £3,107.38 per ordinary share

 

27,966