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REGISTERED NUMBER: SC233333 (Scotland)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

BURLINGTON SCOTT (SCOTLAND) LIMITED

BURLINGTON SCOTT (SCOTLAND) LIMITED (REGISTERED NUMBER: SC233333)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BURLINGTON SCOTT (SCOTLAND) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTOR: B B S Brad





SECRETARY: B B S Brad





REGISTERED OFFICE: 9-11 Palacecraig Street
Coatbridge
Lanarkshire
ML5 4RY





REGISTERED NUMBER: SC233333 (Scotland)





ACCOUNTANTS: McDaid & Partners
Stanley House
69/71 Hamilton Road
Motherwell
Lanarkshire
ML1 3DG

BURLINGTON SCOTT (SCOTLAND) LIMITED (REGISTERED NUMBER: SC233333)

BALANCE SHEET
30 APRIL 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 3,500,000 2,300,000

CURRENT ASSETS
Debtors 5 2,297,922 2,040,255
Cash at bank 828 3,087
2,298,750 2,043,342
CREDITORS
Amounts falling due within one year 6 2,477,916 563,220
NET CURRENT (LIABILITIES)/ASSETS (179,166 ) 1,480,122
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,320,834

3,780,122

CREDITORS
Amounts falling due after more than one
year

7

(3,824

)

(1,833,896

)

PROVISIONS FOR LIABILITIES (754,300 ) (345,268 )
NET ASSETS 2,562,710 1,600,958

CAPITAL AND RESERVES
Called up share capital 4 4
Fair value reserve 9 2,262,901 1,817,201
Retained earnings 299,805 (216,247 )
2,562,710 1,600,958

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

BURLINGTON SCOTT (SCOTLAND) LIMITED (REGISTERED NUMBER: SC233333)

BALANCE SHEET - continued
30 APRIL 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 27 January 2025 and were signed by:





B B S Brad - Director


BURLINGTON SCOTT (SCOTLAND) LIMITED (REGISTERED NUMBER: SC233333)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

Burlington Scott (Scotland) 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.

Turnover
Turnover is stated net of VAT and trade discounts. Turnover from the sale of goods is recognised when the goods are completed. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due. Where the contract has only been partially completed at the balance sheet date turnover represents the value of the service provided to date based on a proportion of the total contract value. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

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.

Financial instruments
Trade debtors
Trade debtors are amounts due from customers for goods or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade Creditors
Trade creditors are amounts due to suppliers for goods or services obtained in the ordinary course of business.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Cash
Cash and cash equivalents are basic financial assets and include cash on hand, deposits held at call with banks, other short-term liquid investments and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

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.


BURLINGTON SCOTT (SCOTLAND) LIMITED (REGISTERED NUMBER: SC233333)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

2. ACCOUNTING POLICIES - continued
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 1 (2023 - 1 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023 2,300,000
Revaluations 1,200,000
At 30 April 2024 3,500,000
NET BOOK VALUE
At 30 April 2024 3,500,000
At 30 April 2023 2,300,000

Fair value at 30 April 2024 is represented by:
£   
Valuation in 2022 1,817,201
Valuation in 2024 1,200,000
Cost 482,799
3,500,000

If assets had not been revalued they would have been included at the following historical cost:

30.4.24 30.4.23
£    £   
Cost 482,799 482,799

The property was valued on a fair value basis on 30 April 2024 by Director B B S Brad .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors - 30,168
Other debtors 2,297,922 2,010,087
2,297,922 2,040,255

BURLINGTON SCOTT (SCOTLAND) LIMITED (REGISTERED NUMBER: SC233333)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 3,287 3,126
Taxation and social security 79,504 43,085
Other creditors 2,395,125 517,009
2,477,916 563,220

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Bank loans 3,824 7,271
Other creditors - 1,826,625
3,824 1,833,896

8. SECURED DEBTS

The following secured debts are included within creditors:

30.4.24 30.4.23
£    £   
Other loans 2,135,625 2,135,625

Together Commercial Finance Limited held a standard security over the site at 9-11 Palacecraig Street, Coatbridge, ML5 4RY.

9. RESERVES
Fair
value
reserve
£   
At 1 May 2023 1,817,201
Fair value investment property 445,700

At 30 April 2024 2,262,901

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2024 and 30 April 2023:

30.4.24 30.4.23
£    £   
B B S Brad
Balance outstanding at start of year 162,056 162,056
Amounts advanced 25,426 -
Amounts repaid (52,976 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 134,506 162,056

BURLINGTON SCOTT (SCOTLAND) LIMITED (REGISTERED NUMBER: SC233333)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES - continued

Loans to/ from the director are interest free and repayable on demand.

11. RELATED PARTY DISCLOSURES

BN Medical Ltd is a related party by virtue of B B S Brad being a director in both companies. Included within other creditors is a balance due from the company of £674 (2023 £33,303).

B S (Coatbridge) Properties Limited is a related party by virtue of B B S Brad being a director in both companies. Included within other debtors is a balance due from the company of £1,688,509 (2023 £1,530,537).


B B S Brad is 100% shareholder of the company. Included within other debtors are the following balances:

- £132,500 (2023 £86,500) due to the company from A Brad, mother of B B S Brad;
- £438,908 (2023 £387,300) due to the company from B Brad, father of B B S Brad;
- £23,756 (2022 £5,750) due to the company from K Brad, sister of B B S Brad.