Caseware UK (AP4) 2024.0.164 2024.0.164 2024-10-312024-10-31truetrue2023-10-03No description of principal activityfalse2The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false SC784695 2023-10-02 SC784695 2023-10-03 2024-10-31 SC784695 2022-10-03 2023-10-02 SC784695 2024-10-31 SC784695 c:Director1 2023-10-03 2024-10-31 SC784695 c:Director1 2024-10-31 SC784695 c:Director2 2023-10-03 2024-10-31 SC784695 c:Director2 2024-10-31 SC784695 c:RegisteredOffice 2023-10-03 2024-10-31 SC784695 d:FreeholdInvestmentProperty 2023-10-03 2024-10-31 SC784695 d:FreeholdInvestmentProperty 2024-10-31 SC784695 d:CurrentFinancialInstruments 2024-10-31 SC784695 d:Non-currentFinancialInstruments 2024-10-31 SC784695 d:CurrentFinancialInstruments d:WithinOneYear 2024-10-31 SC784695 d:Non-currentFinancialInstruments d:AfterOneYear 2024-10-31 SC784695 d:ShareCapital 2024-10-31 SC784695 d:RetainedEarningsAccumulatedLosses 2024-10-31 SC784695 c:FRS102 2023-10-03 2024-10-31 SC784695 c:AuditExempt-NoAccountantsReport 2023-10-03 2024-10-31 SC784695 c:FullAccounts 2023-10-03 2024-10-31 SC784695 c:PrivateLimitedCompanyLtd 2023-10-03 2024-10-31 SC784695 e:PoundSterling 2023-10-03 2024-10-31 iso4217:GBP xbrli:pure
Registered number: SC784695










BRAE INVESTMENTS LIMITED
FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2024

 
BRAE INVESTMENTS LIMITED
 

COMPANY INFORMATION


Directors
Alister Bankhead (appointed 3 October 2023)
Euan Roger (appointed 3 October 2023)




Registered number
SC784695



Registered office
2f1 11 Maxwell Street

Edinburgh

Scotland

EH10 5HT




Accountants
EQ Accountants Limited
Chartered Accountants

Westby

64 West High Street

Forfar

Angus

DD8 1BJ





 
BRAE INVESTMENTS LIMITED
REGISTERED NUMBER: SC784695

STATEMENT OF FINANCIAL POSITION
AS AT 31 OCTOBER 2024

2024
£

Fixed assets
  

Investment property
 4 
353,916

  
353,916

Current assets
  

Debtors: amounts falling due within one year
 5 
1,837

Cash at bank and in hand
  
12,425

  
14,262

Creditors: amounts falling due within one year
 6 
(266,017)

Net current (liabilities)/assets
  
 
 
(251,755)

Total assets less current liabilities
  
102,161

Creditors: amounts falling due after more than one year
 7 
(100,000)

  

Net assets
  
2,161


Capital and reserves
  

Called up share capital 
  
1,000

Profit and loss account
  
1,161

  
2,161


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 30 April 2025.




Euan Roger
Director

The notes on pages 3 to 5 form part of these financial statements.
Page 1

 
BRAE INVESTMENTS LIMITED
REGISTERED NUMBER: SC784695

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 OCTOBER 2024


Page 2

 
BRAE INVESTMENTS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2024

1.


GENERAL INFORMATION

Brae Investments Limited is a private company, limited by shares, incorporated in Scotland with registration number SC784695. The registered office and trading address is 2f1 11 Maxwell Street, Edinburgh, Scotland, EH10 5HT.
The company's functional and presentational currency is GBP.

2.ACCOUNTING POLICIES

 
2.1

BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

TURNOVER

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

FINANCE COSTS

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

BORROWING COSTS

All borrowing costs are recognised in profit or loss in the period in which they are incurred.

 
2.5

INVESTMENT PROPERTY

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.6

FINANCIAL INSTRUMENTS

Page 3

 
BRAE INVESTMENTS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2024

2.ACCOUNTING POLICIES (CONTINUED)


2.6
FINANCIAL INSTRUMENTS (continued)

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Statement of financial position when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.


3.


EMPLOYEES

The average monthly number of employees, including directors, during the period was 2.


4.


INVESTMENT PROPERTY


Freehold investment property

£



Valuation


Additions at cost
353,916



At 31 October 2024
353,916

The 2024 valuations were made by the Directors, on an open market value for existing use basis.





5.


DEBTORS

2024
£


Trade debtors
1,650

Prepayments and accrued income
187

1,837


Page 4

 
BRAE INVESTMENTS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2024

6.


CREDITORS: Amounts falling due within one year

2024
£

Other creditors
264,617

Accruals and deferred income
1,400

266,017



7.


CREDITORS: Amounts falling due after more than one year

2024
£

Other loans
100,000

100,000



8.


RELATED PARTY TRANSACTIONS

Included within amounts owed is a loan due from Scores Property Limited of £100,000. This loan is chargeable at 8% interest and capital is repayable at the end of the 2 year term.
Scores Property Limited is a related party as the company is owned by a director and shareholder.


Page 5