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REGISTERED NUMBER: SC530992 (Scotland)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

URRAS BHARABHAIS (TRADING) LIMITED

URRAS BHARABHAIS (TRADING) LIMITED (REGISTERED NUMBER: SC530992)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 5

URRAS BHARABHAIS (TRADING) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: L Maciver
K J Macleod
D Macmillan





REGISTERED OFFICE: Ionad na Seann Sgoil
North Shawbost
Isle of Lewis
HS2 9BQ





REGISTERED NUMBER: SC530992 (Scotland)





ACCOUNTANTS: CIB Services
Chartered Accountants
63 Kenneth Street
Stornoway
Isle of Lewis
Western Isles
HS1 2DS

URRAS BHARABHAIS (TRADING) LIMITED (REGISTERED NUMBER: SC530992)

BALANCE SHEET
31 MARCH 2024

31.3.23 31.3.24
£    £    Notes £    £   
FIXED ASSETS
275,200 Tangible assets 4 268,800

CURRENT ASSETS
86 Debtors 5 -
35,023 Cash at bank and in hand 12,566
35,109 12,566
CREDITORS
22,342 Amounts falling due within one year 6 948
12,767 NET CURRENT ASSETS 11,618
287,967 TOTAL ASSETS LESS CURRENT
LIABILITIES

280,418

CAPITAL AND RESERVES
320,100 Called up share capital 320,100
(32,133 ) Retained earnings (39,682 )
287,967 280,418

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

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

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 7 November 2024 and were signed on its behalf by:





D Macmillan - Director


URRAS BHARABHAIS (TRADING) LIMITED (REGISTERED NUMBER: SC530992)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Urras Bharabhais (Trading) 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.

The presentation currency of the financial statements is the Pound Sterling (£) and amounts are rounded to the nearest £.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 2% on 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.

3. EMPLOYEES AND DIRECTORS

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

URRAS BHARABHAIS (TRADING) LIMITED (REGISTERED NUMBER: SC530992)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST
At 1 April 2023
and 31 March 2024 320,000
DEPRECIATION
At 1 April 2023 44,800
Charge for year 6,400
At 31 March 2024 51,200
NET BOOK VALUE
At 31 March 2024 268,800
At 31 March 2023 275,200

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors - 86

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Amounts owed to group undertakings - 21,319
Other creditors 948 1,023
948 22,342

7. RELATED PARTY DISCLOSURES

The parent charity received assistance of £320,000 from The Scottish Land Fund to acquire the hatchery from Barvas Estate Limited. The hatchery was acquired by the Urras Bharabhais (Trading) Limited ('UBT'). The funding was initially transferred to UBT as a loan and was converted into share capital during the year ended 31 March 2019.

Gift aid payments of £Nil were made to the parent charity by UBT during the year ended 31 March 2024 (2023 - £18,672).

There is a balance due from UBT to the charity at 31 March 2024 of £Nil (2023 - £21,319).

8. ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of the Urras Sgire Oighreachd Bharabhais, an incorporated charity registered in Scotland.

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
URRAS BHARABHAIS (TRADING) LIMITED


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Urras Bharabhais (Trading) Limited for the year ended 31 March 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.

This report is made solely to the Board of Directors of Urras Bharabhais (Trading) Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Urras Bharabhais (Trading) Limited and state those matters that we have agreed to state to the Board of Directors of Urras Bharabhais (Trading) Limited, as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Urras Bharabhais (Trading) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Urras Bharabhais (Trading) Limited. You consider that Urras Bharabhais (Trading) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Urras Bharabhais (Trading) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






CIB Services
Chartered Accountants
63 Kenneth Street
Stornoway
Isle of Lewis
Western Isles
HS1 2DS


19 November 2024