Silverfin false false 31/05/2024 01/06/2023 31/05/2024 A W Barr 06/04/2001 R A Barr 09/06/2014 G Grant 01/03/2020 R McCann 04/05/2021 Z S Ogilvie 18/04/2024 27/08/2004 V Woods 15/02/2021 26 February 2025 The principal activity of the Company during the financial year was that of public relations, design, digital and event management. SC217874 2024-05-31 SC217874 bus:Director1 2024-05-31 SC217874 bus:Director2 2024-05-31 SC217874 bus:Director3 2024-05-31 SC217874 bus:Director4 2024-05-31 SC217874 bus:Director5 2024-05-31 SC217874 bus:Director6 2024-05-31 SC217874 2023-05-31 SC217874 core:CurrentFinancialInstruments 2024-05-31 SC217874 core:CurrentFinancialInstruments 2023-05-31 SC217874 core:ShareCapital 2024-05-31 SC217874 core:ShareCapital 2023-05-31 SC217874 core:SharePremium 2024-05-31 SC217874 core:SharePremium 2023-05-31 SC217874 core:CapitalRedemptionReserve 2024-05-31 SC217874 core:CapitalRedemptionReserve 2023-05-31 SC217874 core:OtherCapitalReserve 2024-05-31 SC217874 core:OtherCapitalReserve 2023-05-31 SC217874 core:RetainedEarningsAccumulatedLosses 2024-05-31 SC217874 core:RetainedEarningsAccumulatedLosses 2023-05-31 SC217874 core:Goodwill 2023-05-31 SC217874 core:Goodwill 2024-05-31 SC217874 core:LandBuildings 2023-05-31 SC217874 core:FurnitureFittings 2023-05-31 SC217874 core:ComputerEquipment 2023-05-31 SC217874 core:LandBuildings 2024-05-31 SC217874 core:FurnitureFittings 2024-05-31 SC217874 core:ComputerEquipment 2024-05-31 SC217874 2022-05-31 SC217874 bus:OrdinaryShareClass1 2024-05-31 SC217874 core:WithinOneYear 2024-05-31 SC217874 core:WithinOneYear 2023-05-31 SC217874 core:BetweenOneFiveYears 2024-05-31 SC217874 core:BetweenOneFiveYears 2023-05-31 SC217874 core:MoreThanFiveYears 2024-05-31 SC217874 core:MoreThanFiveYears 2023-05-31 SC217874 2023-06-01 2024-05-31 SC217874 bus:FilletedAccounts 2023-06-01 2024-05-31 SC217874 bus:SmallEntities 2023-06-01 2024-05-31 SC217874 bus:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 SC217874 bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 SC217874 bus:Director1 2023-06-01 2024-05-31 SC217874 bus:Director2 2023-06-01 2024-05-31 SC217874 bus:Director3 2023-06-01 2024-05-31 SC217874 bus:Director4 2023-06-01 2024-05-31 SC217874 bus:Director5 2023-06-01 2024-05-31 SC217874 bus:Director6 2023-06-01 2024-05-31 SC217874 core:Goodwill core:TopRangeValue 2023-06-01 2024-05-31 SC217874 core:LandBuildings core:TopRangeValue 2023-06-01 2024-05-31 SC217874 core:FurnitureFittings 2023-06-01 2024-05-31 SC217874 core:ComputerEquipment core:TopRangeValue 2023-06-01 2024-05-31 SC217874 2022-06-01 2023-05-31 SC217874 core:LandBuildings 2023-06-01 2024-05-31 SC217874 core:ComputerEquipment 2023-06-01 2024-05-31 SC217874 bus:OrdinaryShareClass1 2023-06-01 2024-05-31 SC217874 bus:OrdinaryShareClass1 2022-06-01 2023-05-31 SC217874 1 2023-06-01 2024-05-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: SC217874 (Scotland)

THE BIG PARTNERSHIP GROUP LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 MAY 2024
PAGES FOR FILING WITH THE REGISTRAR

THE BIG PARTNERSHIP GROUP LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MAY 2024

Contents

THE BIG PARTNERSHIP GROUP LIMITED

BALANCE SHEET

AS AT 31 MAY 2024
THE BIG PARTNERSHIP GROUP LIMITED

BALANCE SHEET (continued)

AS AT 31 MAY 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 4 28,651 30,944
28,651 30,944
Current assets
Debtors 5 1,551,803 2,338,238
Cash at bank and in hand 2,262,657 1,428,790
3,814,460 3,767,028
Creditors: amounts falling due within one year 6 ( 1,525,132) ( 1,805,991)
Net current assets 2,289,328 1,961,037
Total assets less current liabilities 2,317,979 1,991,981
Provision for liabilities 7 ( 3,012) 0
Net assets 2,314,967 1,991,981
Capital and reserves
Called-up share capital 8 2,571 2,571
Share premium account 58,691 58,691
Capital redemption reserve 1,387 1,387
Other reserves 7,119 7,119
Profit and loss account 2,245,199 1,922,213
Total shareholder's funds 2,314,967 1,991,981

For the financial year ending 31 May 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of The BIG Partnership Group Limited (registered number: SC217874) were approved and authorised for issue by the Board of Directors on 26 February 2025. They were signed on its behalf by:

V Woods
Director
THE BIG PARTNERSHIP GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MAY 2024
THE BIG PARTNERSHIP GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MAY 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

The BIG Partnership Group Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in Scotland. The address of the Company's registered office is 3rd Floor Fountain House, 1 - 3 Woodside Crescent, Glasgow, G3 7UL, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill 10 years straight line
Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings 5 years straight line
Fixtures and fittings 25 % reducing balance
Computer equipment 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

Government grants

Government grants are recognised based on the performance model and are measured at the fair value of the asset received or receivable when there is reasonable assurance that the company will comply with conditions attaching to them and the grants will be received.

A grant that specifies performance conditions is recognised in income only when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the grant proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 92 91

3. Intangible assets

Goodwill Total
£ £
Cost
At 01 June 2023 65,938 65,938
At 31 May 2024 65,938 65,938
Accumulated amortisation
At 01 June 2023 65,938 65,938
At 31 May 2024 65,938 65,938
Net book value
At 31 May 2024 0 0
At 31 May 2023 0 0

4. Tangible assets

Land and buildings Fixtures and fittings Computer equipment Total
£ £ £ £
Cost
At 01 June 2023 182,167 34,684 214,091 430,942
Additions 0 6,307 10,265 16,572
Disposals 0 ( 958) ( 470) ( 1,428)
At 31 May 2024 182,167 40,033 223,886 446,086
Accumulated depreciation
At 01 June 2023 182,167 23,889 193,942 399,998
Charge for the financial year 0 4,159 13,714 17,873
Disposals 0 ( 240) ( 196) ( 436)
At 31 May 2024 182,167 27,808 207,460 417,435
Net book value
At 31 May 2024 0 12,225 16,426 28,651
At 31 May 2023 0 10,795 20,149 30,944

5. Debtors

2024 2023
£ £
Trade debtors 1,343,987 1,827,734
Amounts owed by Group undertakings 21,153 319,153
Other debtors 186,663 191,351
1,551,803 2,338,238

6. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 286,827 497,504
Taxation and social security 715,422 672,806
Other creditors 522,883 635,681
1,525,132 1,805,991

7. Deferred tax

2024 2023
£ £
At the beginning of financial year 0 ( 5,117)
(Charged)/credited to the Profit and Loss Account ( 3,012) 5,117
At the end of financial year ( 3,012) 0

8. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
2,571 Ordinary shares of £ 1.00 each 2,571 2,571

9. Financial commitments

Commitments

Total future minimum lease payments under non-cancellable operating leases are as follows:

2024 2023
£ £
within one year 149,937 209,556
between one and five years 193,250 135,172
after five years 0 40,333
343,187 385,061

10. Related party transactions

The company has taken advantage of the exemption provided in FRS 102 Section 1A, whereby it has not disclosed transactions entered into with fellow group companies that are wholly owned within the group of companies of which the Company is a wholly owned member. No guarantees have been given or received.

11. Ultimate controlling party

The immediate and ultimate parent undertaking is Exchangelaw (500) Ltd which has its registered office at 3rd Floor Fountain House, 1-3 Woodside Crescent, Glasgow, G3 7UL.