REGISTERED NUMBER: SC656655 (Scotland)

Nae Bad Limited

Financial Statements For The Year Ended 31 March 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr D Grant

REGISTERED OFFICE:

21a Bezack Street

New Elgin

Elgin

Moray

IV30 6DP

REGISTERED NUMBER:

SC656655 (Scotland)

ACCOUNTANTS:

The Long Partnership

4 North Guildry Street

Elgin

Moray

IV30 1JR

BANKERS:

TSB

12 Commerce Street

Elgin

Moray

IV30 1BS

FIXED ASSETS

Tangible assets

4

301,435

305,868

CURRENT ASSETS

Stocks

4,279

12,894

Debtors

5

2,889

2,773

Cash at bank and in hand

9,780

11,578

16,948

27,245

CREDITORS

Amounts falling due within one year

6

198,524

185,643

NET CURRENT LIABILITIES

(181,576

)

(158,398

)

TOTAL ASSETS LESS CURRENT LIABILITIES

119,859

147,470

CREDITORS

Amounts falling due after more than one year

7

(78,000

)

(114,000

)

PROVISIONS FOR LIABILITIES

8

(318

)

(465

)

NET ASSETS

41,541

33,005

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

10

41,441

32,905

SHAREHOLDERS' FUNDS

41,541

33,005

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 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 12 May 2025 and were signed by:

Mr D Grant - Director

1.	STATUTORY INFORMATION

Nae Bad 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.

Tangible fixed assets

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

Land and buildings

-

not provided

Equipment

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2024 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

property

Equipment

Totals

£

£

£

COST

At 1 April 2024

282,950

29,272

312,222

Additions

-

1,658

1,658

At 31 March 2025

282,950

30,930

313,880

DEPRECIATION

At 1 April 2024

-

6,354

6,354

Charge for year

-

6,091

6,091

At 31 March 2025

-

12,445

12,445

NET BOOK VALUE

At 31 March 2025

282,950

18,485

301,435

At 31 March 2024

282,950

22,918

305,868

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

2,639

2,461

Other debtors

250

312

2,889

2,773

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

6,526

3,221

Taxation and social security

10,906

13,617

Other creditors

181,092

168,805

198,524

185,643

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Other creditors

78,000

114,000

During the year the company granted a floating charge over the Kirkie Bar in favour of Mr Michael Alexander Taylor.

8.	PROVISIONS FOR LIABILITIES

31.3.25

31.3.24

£

£

Deferred tax

318

465

Deferred

tax

£

Balance at 1 April 2024

465

Provided during year

(147

)

Balance at 31 March 2025

318

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

100

Ordinary

1

100

100

10.

RESERVES

Retained

earnings

£

At 1 April 2024

32,905

Profit for the year

9,036

Dividends

(500

)

At 31 March 2025

41,441

11.	RELATED PARTY DISCLOSURES

During the year, total dividends of £500 (2024 - £1,000) were paid to the director .

At 1 April 2024 the company owed the director £130,537. During the year the director met expenses on behalf of the company totalling £12,073. As at 31 March 2025 the company owed the director £142,610. This loan is interest free and has no fixed terms of repayment.