Company No: SC682617 (Scotland)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2024		2023
		£		£
Fixed assets
Intangible assets	3	5,650		5,770
Tangible assets	4	41,231		45,854
		46,881		51,624
Current assets
Stocks		1,750		10,711
Debtors	5	511,103		399,877
Cash at bank and in hand		10,133		3,817
		522,986		414,405
Creditors: amounts falling due within one year	6	( 410,398)		( 318,785)
Net current assets		112,588		95,620
Total assets less current liabilities		159,469		147,244
Provision for liabilities	7	( 7,902)		( 9,441)
Net assets		151,567		137,803
Capital and reserves
Called-up share capital	8	1		1
Profit and loss account		151,566		137,802
Total shareholder's funds		151,567		137,803

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

Directors' responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• 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; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Badenheath Trading Ltd (registered number: SC682617) were approved and authorised for issue by the Board of Directors on 29 September 2025. They were signed on its behalf by:

Darren Margach Director

Ross Anderson Director

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

Badenheath Trading Ltd (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 2 Moycroft Industrial Estate, Elgin, IV30 1XZ, Scotland, United Kingdom. The principal place of business is 5 Badenheath Pl., Cumbernauld, Glasgow, G68 9HX, Scotland, United Kingdom.

The financial statements have been prepared under the historical cost convention, 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 note that although the business has net assets of £151,567 (2023 - £137,803), the Company is heavily supported through loans from the Parent Company and Fellow Subsidiaries. The directors have received assurances that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements and the Parent Company and Fellow Subsidiaries will continue to support the Company. After making enquiries, the directors believe that any foreseeable debts can be met 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.

Group accounts exemption

Group accounts exemption s399
The Company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the Company as an individual entity and not about its group.

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.

Employee benefits

Short term benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised as an expense when the Company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

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:

Other intangible assets

50 years straight line

Tangible fixed assets

Tangible fixed assets are stated at cost, 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, 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	50 years straight line
Plant and machinery etc.	25 % reducing balance

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.

Leases

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.

Non-financial assets
At each balance sheet date, the company reviews its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss.

If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). The recoverable amount of an asset is the higher of its fair value less costs to sell and its value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

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 sock stock based on normal levels of activity and 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.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand.

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.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are measured at transaction price including transaction costs.

Basic financial liabilities
Basic financial liabilities, including creditors and loans from fellow group companies are recognised at transaction price.

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.

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.

2. Employees

	2024		2023
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	27		27

3. Intangible assets

	Other intangible assets		Total
	£		£
Cost
At 01 January 2024	6,000		6,000
At 31 December 2024	6,000		6,000
Accumulated amortisation
At 01 January 2024	230		230
Charge for the financial year	120		120
At 31 December 2024	350		350
Net book value
At 31 December 2024	5,650		5,650
At 31 December 2023	5,770		5,770

4. Tangible assets

	Land and buildings		Plant and machinery etc.		Total
	£		£		£
Cost
At 01 January 2024	16,618		49,879		66,497
Additions	0		3,970		3,970
At 31 December 2024	16,618		53,849		70,467
Accumulated depreciation
At 01 January 2024	788		19,855		20,643
Charge for the financial year	332		8,261		8,593
At 31 December 2024	1,120		28,116		29,236
Net book value
At 31 December 2024	15,498		25,733		41,231
At 31 December 2023	15,830		30,024		45,854

5. Debtors

	2024		2023
	£		£
Trade debtors	360		446
Amounts owed by Parent undertakings	264,548		192,396
Amounts owed by fellow subsidiaries	9,307		881
Amounts owed by related parties	193,216		140,653
Other debtors	43,672		65,501
	511,103		399,877

6. Creditors: amounts falling due within one year

	2024		2023
	£		£
Trade creditors	59,959		15,105
Amounts owed to fellow subsidiaries	140,966		120,918
Corporation tax	0		33,481
Other taxation and social security	61,563		57,041
Other creditors	147,910		92,240
	410,398		318,785

7. Provision for liabilities

	2024		2023
	£		£
Deferred tax	7,902		9,441

8. Called-up share capital

	2024		2023
	£		£
Allotted, called-up and fully-paid
1 Ordinary share of £ 1.00	1		1

9. Related party transactions

Other related party transactions

	2024		2023
	£		£
Amounts owed to other related parties	193,216		140,653

The above balance is unsecured, interest free and has no fixed terms of repayment.

The company has taken advantage of the exemption with FRS 102 Section 33 paragraph 33.1A, not to disclose transactions entered into between two or more members of the group, as the company is a wholly owned subsidiary of the group to which it is party to the transactions.

10. Ultimate controlling party

The ultimate parent company is Pinz Bowling Ltd, a company registered in Scotland which owns 100% of the issued ordinary share capital of Badenheath Trading Ltd. The registered office of Pinz Bowling Ltd is 2 Moycroft Industrial Estate, Elgin, Moray, Scotland, IV30 1XZ.