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REGISTERED NUMBER: SC377754 (Scotland)















Unaudited Financial Statements

for the Year Ended 30 April 2024

for

One Hundred Brand Street Limited

One Hundred Brand Street Limited (Registered number: SC377754)






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


One Hundred Brand Street Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: I R Bruce
C A Williams





REGISTERED OFFICE: 100 Brand Street
Glasgow
Lanarkshire
G51 1DG





REGISTERED NUMBER: SC377754 (Scotland)





ACCOUNTANTS: MacMillan Craig
Chartered Accountants
100 Brand Street
Glasgow
G51 1DG

One Hundred Brand Street Limited (Registered number: SC377754)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 10,371 14,282
Investments 5 315,788 315,788
Investment property 6 1,900,000 1,900,000
2,226,159 2,230,070

CURRENT ASSETS
Debtors 7 91,536 153,376
Cash at bank 11,505 8,292
103,041 161,668
CREDITORS
Amounts falling due within one year 8 384,849 371,571
NET CURRENT LIABILITIES (281,808 ) (209,903 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,944,351

2,020,167

CREDITORS
Amounts falling due after more than one
year

9

(1,627,390

)

(1,588,620

)

PROVISIONS FOR LIABILITIES (2,000 ) (2,700 )
NET ASSETS 314,961 428,847

CAPITAL AND RESERVES
Called up share capital 1 1
Revaluation reserve 11 240,660 240,660
Retained earnings 74,300 188,186
314,961 428,847

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 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.

One Hundred Brand Street Limited (Registered number: SC377754)

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 Board of Directors and authorised for issue on 29 January 2025 and were signed on its behalf by:





I R Bruce - Director


One Hundred Brand Street Limited (Registered number: SC377754)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

One Hundred Brand Street 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.

Preparation of consolidated financial statements
The financial statements contain information about One Hundred Brand Street Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance

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 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.

One Hundred Brand Street Limited (Registered number: SC377754)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern
As at the date of approval of the financial statements, the directors have a reasonable expectation that the company has adequate financial resources to continue operating for the foreseeable future and that the adoption of the going concern basis of accounting is appropriate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023
and 30 April 2024 38,909
DEPRECIATION
At 1 May 2023 24,627
Charge for year 3,911
At 30 April 2024 28,538
NET BOOK VALUE
At 30 April 2024 10,371
At 30 April 2023 14,282

One Hundred Brand Street Limited (Registered number: SC377754)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under finance leases are as follows:

Plant and
machinery
etc
£   
COST
At 1 May 2023 38,909
Transfer to ownership (29,010 )
At 30 April 2024 9,899
DEPRECIATION
At 1 May 2023 24,627
Charge for year 1,361
Transfer to ownership (18,811 )
At 30 April 2024 7,177
NET BOOK VALUE
At 30 April 2024 2,722
At 30 April 2023 14,282

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 May 2023
and 30 April 2024 315,788
NET BOOK VALUE
At 30 April 2024 315,788
At 30 April 2023 315,788

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023
and 30 April 2024 1,900,000
NET BOOK VALUE
At 30 April 2024 1,900,000
At 30 April 2023 1,900,000

One Hundred Brand Street Limited (Registered number: SC377754)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

6. INVESTMENT PROPERTY - continued

Fair value at 30 April 2024 is represented by:
£   
Valuation in 2022 1,900,000

Land and buildings cost £1,659,340 (2023 - £1,659,340).

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 11,152 25,465
Other debtors 71,785 104,400
Prepayments 8,599 23,511
91,536 153,376

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 13,205 25,740
Finance leases 1,690 5,557
Trade creditors 71,800 3,628
Amounts owed to group undertakings 40,518 85,996
Tax 5,533 8,300
Social security and other taxes 4,745 152
VAT 43,245 16,901
Directors' loan accounts 164,878 158,878
Accrued expenses 39,235 66,419
384,849 371,571

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Bank loans - 1-2 years 14,035 27,729
Bank loans - 2-5 years 100,308 97,172
Bank loans more 5 yr by instal 1,513,047 1,462,029
Finance leases - 1,690
1,627,390 1,588,620

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 1,513,047 1,462,029

One Hundred Brand Street Limited (Registered number: SC377754)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

10. SECURED DEBTS

The following secured debts are included within creditors:

30.4.24 30.4.23
£    £   
Bank loans 1,640,595 1,612,670

Cambridge & Counties Bank Limited holds a standard security over the company's property and a floating charge over the undertaking of the company.

11. RESERVES
Revaluation
reserve
£   
At 1 May 2023
and 30 April 2024 240,660