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REGISTERED NUMBER: SC649913 (Scotland)




















Birchlea Investments Limited

Unaudited Financial Statements

for the Year Ended 29 February 2024






Birchlea Investments Limited (Registered number: SC649913)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Birchlea Investments Limited

Company Information
for the Year Ended 29 February 2024







DIRECTOR: A J Innes





REGISTERED OFFICE: 14 Newbattle Gardens
Dalkeith
EH22 3DR





REGISTERED NUMBER: SC649913 (Scotland)





ACCOUNTANTS: Whitelaw Wells
9 Ainslie Place
Edinburgh
Midlothian
EH3 6AT

Birchlea Investments Limited (Registered number: SC649913)

Balance Sheet
29 February 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investments 4 157,763 100

CURRENT ASSETS
Debtors 5 293,444 315,329
Cash at bank 190,435 237,332
483,879 552,661
CREDITORS
Amounts falling due within one year 6 65,739 2,141
NET CURRENT ASSETS 418,140 550,520
TOTAL ASSETS LESS CURRENT
LIABILITIES

575,903

550,620

PROVISIONS FOR LIABILITIES 2,749 -
NET ASSETS 573,154 550,620

CAPITAL AND RESERVES
Called up share capital 200 200
Fair value reserve 7 8,248 -
Retained earnings 7 564,706 550,420
573,154 550,620

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Birchlea Investments Limited (Registered number: SC649913)

Balance Sheet - continued
29 February 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 director and authorised for issue on 26 November 2024 and were signed by:





A J Innes - Director


Birchlea Investments Limited (Registered number: SC649913)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Birchlea Investments 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.

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

Taxation
Taxation for the year 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 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.

Fixed asset investments
Fixed asset investments are accounted for at fair value. Gains or losses arising in the period are recognised in the income statement and transferred to the fair value reserve. Deferred taxation is provided on any gains or losses arising and is recognised in the fair value reserve.

Birchlea Investments Limited (Registered number: SC649913)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

2. ACCOUNTING POLICIES - continued

Provisions
Provisions are recognised where the company has a present obligation as a result of a past event, it is probable the company will be required to settle the obligations, and a reliable estimate can be made of the obligations. The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the end of the reporting period, taking into account the risks and uncertainties surrounding the obligation.

3. EMPLOYEES AND DIRECTORS

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

4. FIXED ASSET INVESTMENTS
Shares in
group Other
undertakings investments Totals
£    £    £   
COST OR VALUATION
At 1 March 2023 100 - 100
Additions - 146,665 146,665
Revaluations - 10,998 10,998
At 29 February 2024 100 157,663 157,763
NET BOOK VALUE
At 29 February 2024 100 157,663 157,763
At 28 February 2023 100 - 100

Cost or valuation at 29 February 2024 is represented by:

Shares in
group Other
undertakings investments Totals
£    £    £   
Valuation in 2024 - 10,997 10,997
Cost 100 146,666 146,766
100 157,663 157,763

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 293,444 315,329

Birchlea Investments Limited (Registered number: SC649913)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 63,957 518
Other creditors 1,782 1,623
65,739 2,141

7. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 March 2023 550,420 - 550,420
Profit for the year 60,433 60,433
Dividends (37,899 ) (37,899 )
Share Invest Reval Res (8,248 ) 8,248 -
At 29 February 2024 564,706 8,248 572,954

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 29 February 2024 and 28 February 2023:

2024 2023
£    £   
A J Innes
Balance outstanding at start of year 126,220 (24,250 )
Amounts advanced 119,073 176,470
Amounts repaid (57,899 ) (26,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 187,394 126,220

The balance on the director's current account is unsecured and repayable on demand. Interest has been charged at 2% pa until 5 April 2023 and then at 2.25% pa thereafter.