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Company No: SC729301 (Scotland)

BURNSIDE HOLDINGS LIMITED

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

BURNSIDE HOLDINGS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 AUGUST 2024

Contents

BURNSIDE HOLDINGS LIMITED

BALANCE SHEET

AS AT 31 AUGUST 2024
BURNSIDE HOLDINGS LIMITED

BALANCE SHEET (continued)

AS AT 31 AUGUST 2024
Note 31.08.2024 31.08.2023
£ £
Current assets
Stocks 4 112,316 272,666
Debtors 5 221,909 222,381
Cash at bank and in hand 6 282,275 3,566
616,500 498,613
Creditors: amounts falling due within one year 7 ( 211,554) ( 181,948)
Net current assets 404,946 316,665
Total assets less current liabilities 404,946 316,665
Net assets 404,946 316,665
Capital and reserves
Called-up share capital 8 2 2
Profit and loss account 404,944 316,663
Total shareholders' funds 404,946 316,665

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

Directors' responsibilities:

The financial statements of Burnside Holdings Limited (registered number: SC729301) were approved and authorised for issue by the Board of Directors on 28 May 2025. They were signed on its behalf by:

Mr B C Gillies
Director
BURNSIDE HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 AUGUST 2024
BURNSIDE HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 AUGUST 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 period, unless otherwise stated.

General information and basis of accounting

Burnside Holdings 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 C/O Johnston Carmichael Unit 2a, The Paddock, Stirling Agricultural Centre, Stirling, FK9 4RN, Scotland, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include 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.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

2. Critical accounting judgements and key sources of estimation uncertainty

In the application of the Company’s accounting policies, the directors are required to make judgements that have a significant impact on the amounts recognised. The following are the critical judgements that the directors have made in the process of applying the Company’s accounting policies and that have the most significant effect on the amounts recognised in the financial statements.

3. Employees

Year ended
31.08.2024
Period from
11.04.2022 to
31.08.2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

4. Stocks

31.08.2024 31.08.2023
£ £
Stocks 112,316 272,666

5. Debtors

31.08.2024 31.08.2023
£ £
Amounts owed by related parties 221,696 221,696
Other debtors 213 685
221,909 222,381

6. Cash and cash equivalents

31.08.2024 31.08.2023
£ £
Cash at bank and in hand 282,275 3,566

7. Creditors: amounts falling due within one year

31.08.2024 31.08.2023
£ £
Taxation and social security 28,940 0
Other creditors 182,614 181,948
211,554 181,948

8. Called-up share capital

31.08.2024 31.08.2023
£ £
Allotted, called-up and fully-paid
2 Ordinary shares of £ 1.00 each 2 2

9. Related party transactions

Transactions with entities in which the entity itself has a participating interest

31.08.2024 31.08.2023
£ £
Total Reinstatement Services Limited 221,696 221,696

The loan is unsecured, interest free and is repayable on demand.

Transactions with the entity's directors

31.08.2024 31.08.2023
£ £
Amounts Owed to Directors 179,998 179,998

The loan is unsecured, interest free and is repayable on demand.