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REGISTERED NUMBER: SC741357 (Scotland)















Unaudited Financial Statements

for the Period 1 September 2023 to 31 March 2024

for

Brownside Investments Ltd

Brownside Investments Ltd (Registered number: SC741357)






Contents of the Financial Statements
for the Period 1 September 2023 to 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Brownside Investments Ltd

Company Information
for the Period 1 September 2023 to 31 March 2024







DIRECTORS: Mr Jordan Longmuir
Mrs Fiona Longmuir





REGISTERED OFFICE: 5 Redwood Crescent
East Kilbride
Glasgow
G74 5PA





REGISTERED NUMBER: SC741357 (Scotland)





ACCOUNTANTS: Stevenson & Kyles
Chartered Accountants
25 Sandyford Place
Glasgow
G3 7NG

Brownside Investments Ltd (Registered number: SC741357)

Balance Sheet
31 March 2024

31.3.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 568,955 568,955

CURRENT ASSETS
Debtors 5 400 400
Cash at bank 6,066 4,603
6,466 5,003
CREDITORS
Amounts falling due within one year 6 207,601 207,790
NET CURRENT LIABILITIES (201,135 ) (202,787 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

367,820

366,168

CREDITORS
Amounts falling due after more than one
year

7

367,500

367,500
NET ASSETS/(LIABILITIES) 320 (1,332 )

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 220 (1,432 )
SHAREHOLDERS' FUNDS 320 (1,332 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2024 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.

Brownside Investments Ltd (Registered number: SC741357)

Balance Sheet - continued
31 March 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 August 2024 and were signed on its behalf by:





Mr Jordan Longmuir - Director


Brownside Investments Ltd (Registered number: SC741357)

Notes to the Financial Statements
for the Period 1 September 2023 to 31 March 2024

1. STATUTORY INFORMATION

Brownside Investments Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents rent received.

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.

Financial instruments
Basic financial instruments, including debtors and creditors with no stated interest rate and receivable or payable within one year, are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses.

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

Brownside Investments Ltd (Registered number: SC741357)

Notes to the Financial Statements - continued
for the Period 1 September 2023 to 31 March 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2023 - NIL).

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2023
and 31 March 2024 568,955
NET BOOK VALUE
At 31 March 2024 568,955
At 31 August 2023 568,955

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.8.23
£    £   
Other debtors 400 400

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.8.23
£    £   
Taxation and social security 51 -
Other creditors 207,550 207,790
207,601 207,790

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.3.24 31.8.23
£    £   
Bank loans 367,500 367,500

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years 367,500 367,500

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.8.23
value: £    £   
100 Ordinary £1 100 100

Brownside Investments Ltd (Registered number: SC741357)

Notes to the Financial Statements - continued
for the Period 1 September 2023 to 31 March 2024

9. ULTIMATE CONTROLLING PARTY

The company is controlled by the Directors.