REGISTERED NUMBER: SC284431 (Scotland)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Braids Investments Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

A D MacLean

Dr C A MacLean

R A MacLean

Mrs P A MacLean

SECRETARY:

Mrs P A MacLean

REGISTERED OFFICE:

c/o The Raeburn Hotel

112 Raeburn Place

Stockbridge

Edinburgh

EH4 1HG

REGISTERED NUMBER:

SC284431 (Scotland)

ACCOUNTANTS:

Cowan & Partners Limited

60 Constitution Street

Edinburgh

EH6 6RR

FIXED ASSETS

Investment property

4

2,885,000

4,135,000

CURRENT ASSETS

Debtors

5

1,400,000

-

Cash at bank

214,921

60,501

1,614,921

60,501

CREDITORS

Amounts falling due within one year

6

99,934

72,631

NET CURRENT ASSETS/(LIABILITIES)

1,514,987

(12,130

)

TOTAL ASSETS LESS CURRENT LIABILITIES

4,399,987

4,122,870

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

4,399,986

4,122,869

SHAREHOLDERS' FUNDS

4,399,987

4,122,870

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

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 22 August 2025 and were signed on its behalf by:

A D MacLean - Director

1.	STATUTORY INFORMATION

Braids Investments 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Taxation

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 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 statement of financial position date.

Land & buildings

No depreciation is provided in respect of land and buildings or improvements to property. This treatment may be a departure from the accounting standard requirements concerning the depreciation of fixed assets. However, the company maintains the buildings in a good state of repair, and the market value of the buildings are not less than their historic cost and the directors consider that systematic annual depreciation would be inappropriate. The accounting policy adopted is therefore necessary for the accounts to give a true and fair view.

Impairment

At each balance sheet date, the company reviews the carrying amounts of its investment assets to determine whether there is any indication that those assets have suffered an impairment loss. If such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

4,135,000

Disposals

(1,250,000

)

At 31 March 2025

2,885,000

NET BOOK VALUE

At 31 March 2025

2,885,000

At 31 March 2024

4,135,000

Fair value at 31 March 2025 is represented by:

£

Valuation in 2024

(226,599

)

Cost

3,111,599

2,885,000

Am independent valuation of investment properties held was undertaken by Graham + Sibbald LLP in September 2024. The directors consider that this value is not materially different to the value of the properties at year end.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Amounts owed by participating interests

1,400,000

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Taxation and social security

55,188

34,152

Other creditors

44,746

38,479

99,934

72,631