REGISTERED NUMBER: SC719854 (Scotland)

Unaudited Financial Statements

for the Year Ended 31 January 2025

for

Bridesmill Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J K G Thomson

REGISTERED OFFICE:

Unit 3, Morris Park, 37 Rosyth Road

Glasgow

G5 0YE

REGISTERED NUMBER:

SC719854 (Scotland)

ACCOUNTANTS:

KPP Glasgow South Ltd

Chartered Certified Accountants

Unit 3 , 37 Rosyth Road

Morris Park

Glasgow

G5 0YE

FIXED ASSETS

Intangible assets

4

157,000

157,000

Tangible assets

5

296,993

298,493

453,993

455,493

CURRENT ASSETS

Debtors

6

31,420

540

Cash at bank and in hand

948

103

32,368

643

CREDITORS

Amounts falling due within one year

7

128,171

86,545

NET CURRENT LIABILITIES

(95,803

)

(85,902

)

TOTAL ASSETS LESS CURRENT LIABILITIES

358,190

369,591

CREDITORS

Amounts falling due after more than one year

8

350,337

362,484

NET ASSETS

7,853

7,107

CAPITAL AND RESERVES

Called up share capital

10

1

1

Retained earnings

11

7,852

7,106

SHAREHOLDERS' FUNDS

7,853

7,107

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 6 October 2025 and were signed by:

J K G Thomson - Director

1.	STATUTORY INFORMATION

Bridesmill 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.

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Investment are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

15% Straight line

Taxation

Taxation for the year comprises current and deferred tax. 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 or deferred 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - NIL ) .

4.	INTANGIBLE FIXED ASSETS

Investment

£

COST

At 1 February 2024

and 31 January 2025

157,000

NET BOOK VALUE

At 31 January 2025

157,000

At 31 January 2024

157,000

5.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

and

property

fittings

Totals

£

£

£

COST

At 1 February 2024

and 31 January 2025

291,493

10,000

301,493

DEPRECIATION

At 1 February 2024

-

3,000

3,000

Charge for year

-

1,500

1,500

At 31 January 2025

-

4,500

4,500

NET BOOK VALUE

At 31 January 2025

291,493

5,500

296,993

At 31 January 2024

291,493

7,000

298,493

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Trade debtors

31,420

540

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Bank loans and overdrafts (see note 9)

66

-

Trade creditors

30,675

-

Tax

2,064

1,319

Social security and other taxes

8,042

-

VAT

3,972

1,126

Ecosse Fine Art Limited

82,872

84,100

Accrued expenses

480

-

128,171

86,545

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.25

31.1.24

£

£

Other loans (see note 9)

193,337

205,484

Other creditors

157,000

157,000

350,337

362,484

9.

LOANS

An analysis of the maturity of loans is given below:

31.1.25

31.1.24

£

£

Amounts falling due within one year or on demand:

Bank overdrafts

66

-

Amounts falling due between two and five years:

Loans & Mortgages

193,337

205,484

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.25

31.1.24

value:

£

£

1

Ordinary Share Capital

£1

1

1

11.

RESERVES

Retained

earnings

£

At 1 February 2024

7,106

Profit for the year

1,676

Dividends

(930

)

At 31 January 2025

7,852