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REGISTERED NUMBER: SC590703 (Scotland)















Unaudited Financial Statements

for the Year Ended 31 March 2024

for

BRITE HOLDINGS AND INVESTMENTS LTD.

BRITE HOLDINGS AND INVESTMENTS LTD. (REGISTERED NUMBER: SC590703)






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




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


BRITE HOLDINGS AND INVESTMENTS LTD.

Company Information
for the Year Ended 31 March 2024







DIRECTORS: S G Thomson
Mrs M J Thomson





REGISTERED OFFICE: Berkeley House
5 Newton Terrace
Glasgow
G3 7PJ





REGISTERED NUMBER: SC590703 (Scotland)





ACCOUNTANTS: Profit Counts Limited
13 Glasgow Road
Paisley
Renfrewshire
PA1 3QS

BRITE HOLDINGS AND INVESTMENTS LTD. (REGISTERED NUMBER: SC590703)

Abridged Balance Sheet
31 March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Investments 4 514,000 514,000

CURRENT ASSETS
Debtors 27,000 -
Cash in hand 102 102
27,102 102
CREDITORS
Amounts falling due within one year (1,000 ) (1,000 )
NET CURRENT ASSETS/(LIABILITIES) 26,102 (898 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

540,102

513,102

CAPITAL AND RESERVES
Called up share capital 5 102 102
Share premium 6 257,000 257,000
Retained earnings 6 283,000 256,000
SHAREHOLDERS' FUNDS 540,102 513,102

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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 31 December 2024 and were signed on its behalf by:





S G Thomson - Director


BRITE HOLDINGS AND INVESTMENTS LTD. (REGISTERED NUMBER: SC590703)

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

1. STATUTORY INFORMATION

Brite Holdings and 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.

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.

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.

3. EMPLOYEES AND DIRECTORS

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

4. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 April 2023
and 31 March 2024 514,000
NET BOOK VALUE
At 31 March 2024 514,000
At 31 March 2023 514,000

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
102 Ordinary £1 102 102

BRITE HOLDINGS AND INVESTMENTS LTD. (REGISTERED NUMBER: SC590703)

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

6. RESERVES
Retained Share
earnings premium Totals
£    £    £   

At 1 April 2023 256,000 257,000 513,000
Profit for the year 75,000 75,000
Dividends (48,000 ) (48,000 )
At 31 March 2024 283,000 257,000 540,000

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the year end the company owed one of the directors £1,000 (2023 : £1,000). There are no fixed terms for repayment and no interest is charged on this loan.
During the year the company paid dividends to a director of £48,000 (2023: £48,000).

8. RELATED PARTY DISCLOSURES

The company is controlled by one of it's directors by virtue of their shareholding.