IRIS Accounts Production v24.3.0.553 SC131957 Board of Directors Board of Directors 1.4.23 31.3.24 31.3.24 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC1319572023-03-31SC1319572024-03-31SC1319572023-04-012024-03-31SC1319572022-03-31SC1319572022-04-012023-03-31SC1319572023-03-31SC131957ns15:Scotland2023-04-012024-03-31SC131957ns14:PoundSterling2023-04-012024-03-31SC131957ns10:Director12023-04-012024-03-31SC131957ns10:Director22023-04-012024-03-31SC131957ns10:PrivateLimitedCompanyLtd2023-04-012024-03-31SC131957ns10:SmallEntities2023-04-012024-03-31SC131957ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-31SC131957ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-31SC131957ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-31SC131957ns10:FullAccounts2023-04-012024-03-31SC131957ns10:RegisteredOffice2023-04-012024-03-31SC131957ns5:CurrentFinancialInstruments2024-03-31SC131957ns5:CurrentFinancialInstruments2023-03-31SC131957ns5:Non-currentFinancialInstruments2024-03-31SC131957ns5:Non-currentFinancialInstruments2023-03-31SC131957ns5:ShareCapital2024-03-31SC131957ns5:ShareCapital2023-03-31SC131957ns5:FurtherSpecificReserve1ComponentTotalEquity2024-03-31SC131957ns5:FurtherSpecificReserve1ComponentTotalEquity2023-03-31SC131957ns5:RetainedEarningsAccumulatedLosses2024-03-31SC131957ns5:RetainedEarningsAccumulatedLosses2023-03-31SC131957ns5:FurnitureFittings2023-04-012024-03-31SC131957ns5:FurnitureFittings2023-03-31SC131957ns5:FurnitureFittings2024-03-31SC131957ns5:FurnitureFittings2023-03-31SC131957ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-31SC131957ns5:WithinOneYearns5:CurrentFinancialInstruments2023-03-31SC1319571ns10:Director12023-03-31SC1319571ns10:Director12022-03-31SC1319571ns10:Director12023-04-012024-03-31SC1319571ns10:Director12022-04-012023-03-31SC1319571ns10:Director12024-03-31SC1319571ns10:Director12023-03-31SC131957ns10:Director222023-03-31SC131957ns10:Director222022-03-31SC131957ns10:Director222023-04-012024-03-31SC131957ns10:Director222022-04-012023-03-31SC131957ns10:Director222024-03-31SC131957ns10:Director222023-03-31
REGISTERED NUMBER: SC131957 (Scotland)















Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Brimmond Investments Limited

Brimmond Investments Limited (Registered number: SC131957)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Brimmond Investments Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr M R L Mccue
Mr A G Porter





REGISTERED OFFICE: 14 Carden Place
Aberdeen
AB10 1UR





REGISTERED NUMBER: SC131957 (Scotland)





ACCOUNTANTS: SBP
Accountants
42 Queens Road
Aberdeen
AB15 4YE

Brimmond Investments Limited (Registered number: SC131957)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,978 11,511
Investment property 5 2,000,000 2,000,000
2,006,978 2,011,511

CURRENT ASSETS
Debtors 6 50,667 39,090

CREDITORS
Amounts falling due within one year 7 261,796 271,258
NET CURRENT LIABILITIES (211,129 ) (232,168 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,795,849

1,779,343

CREDITORS
Amounts falling due after more than one
year

8

(11,667

)

(21,667

)

PROVISIONS FOR LIABILITIES (234,308 ) (234,308 )
NET ASSETS 1,549,874 1,523,368

CAPITAL AND RESERVES
Called up share capital 50,000 50,000
Other reserves 1,233,207 1,233,207
Retained earnings 266,667 240,161
SHAREHOLDERS' FUNDS 1,549,874 1,523,368

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.

Brimmond Investments Limited (Registered number: SC131957)

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 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 2 December 2024 and were signed on its behalf by:




Mr M R L Mccue - Director



Mr A G Porter - Director


Brimmond Investments Limited (Registered number: SC131957)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Brimmond 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 10% on cost

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Brimmond Investments Limited (Registered number: SC131957)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 April 2023
and 31 March 2024 45,335
DEPRECIATION
At 1 April 2023 33,824
Charge for year 4,533
At 31 March 2024 38,357
NET BOOK VALUE
At 31 March 2024 6,978
At 31 March 2023 11,511

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 2,000,000
NET BOOK VALUE
At 31 March 2024 2,000,000
At 31 March 2023 2,000,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 14,167 -
Other debtors 36,500 39,090
50,667 39,090

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 63,400 35,633
Trade creditors 4,380 -
Taxation and social security 21,514 18,275
Other creditors 172,502 217,350
261,796 271,258

Brimmond Investments Limited (Registered number: SC131957)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 11,667 21,667

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
Mr M R L Mccue
Balance outstanding at start of year (82,500 ) (97,500 )
Amounts advanced 15,000 15,000
Amounts repaid (10,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (77,500 ) (82,500 )

Mr A G Porter
Balance outstanding at start of year (82,500 ) (97,500 )
Amounts advanced 15,000 15,000
Amounts repaid (10,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (77,500 ) (82,500 )

10. RELATED PARTY DISCLOSURES

During the year management fees of £30,000 (2023 - £30,000) were paid to Porter Property Consultants Limited, a company in which Allan Porter is director and shareholder.

During the year management fees of £30,000 (2023 - £30,000) were paid to Brimmond Management Services Limited, a company in which Melvyn McCue is director and shareholder.

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the directors together with members of their families.