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REGISTERED NUMBER: SC324574 (Scotland)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Braes of Abernethy Limited

Braes of Abernethy Limited (Registered number: SC324574)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Braes of Abernethy Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Y Marguerat
Ms V M Newman
P C Pouponnot





REGISTERED OFFICE: Lower Drum
Dorback Estate
Nethy Bridge
PH25 3EE





REGISTERED NUMBER: SC324574 (Scotland)





ACCOUNTANT: PR Hartley
PO Box 27075
London
N2 0FZ

Braes of Abernethy Limited (Registered number: SC324574)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investments 4 7,848,249 8,455,248

CURRENT ASSETS
Debtors 5 7,684,788 7,782,970
Cash at bank - 22,387
7,684,788 7,805,357
CREDITORS
Amounts falling due within one year 6 15,089,637 15,098,202
NET CURRENT LIABILITIES (7,404,849 ) (7,292,845 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

443,400

1,162,403

CAPITAL AND RESERVES
Called up share capital 100,000 100,000
Retained earnings 343,400 1,062,403
SHAREHOLDERS' FUNDS 443,400 1,162,403

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

Braes of Abernethy Limited (Registered number: SC324574)

Balance Sheet - continued
31 December 2023


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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 September 2024 and were signed on its behalf by:





Y Marguerat - Director


Braes of Abernethy Limited (Registered number: SC324574)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Braes of Abernethy 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 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 as modified by the revaluation of certain assets.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Foreign currency conversion
The cost of the investment in subsidiary is translated into pounds sterling using the rate of exchange ruling at the date of acquisition.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4. FIXED ASSET INVESTMENTS

The investment is valued at cost without provision for impairment as the directors consider the realisable value of the properties represented by the investment to be in excess of this amount.

Braes of Abernethy Limited (Registered number: SC324574)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 798,519
Amounts owed by group undertakings 7,584,788 6,884,451
Called up share capital not paid 100,000 100,000
7,684,788 7,782,970

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other creditors 15,068,380 15,068,380
Accrued expenses 21,257 29,822
15,089,637 15,098,202