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Company No: 14754492 (England and Wales)

# BRYDEN CAPITAL LTD

### Unaudited Financial Statements
For the financial year ended 31 March 2025
Pages for filing with the registrar

BRYDEN CAPITAL LTD

## Unaudited Financial Statements

For the financial year ended 31 March 2025

Contents

BRYDEN CAPITAL LTD

## BALANCE SHEET

As at 31 March 2025
BRYDEN CAPITAL LTD

## BALANCE SHEET (continued)

As at 31 March 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 3 | 787,791 |  | 971,156
Investments | 4 | 63,345 |  | 63,345
|  | 851,136 |  | 1,034,501
Current assets |  |  |  |
Debtors |  |  |  |
- due within one year | 5 | 31,098,539 |  | 16,796,773
- due after more than one year | 5 | 0 |  | 19,364,834
Cash at bank and in hand |  | 2,064,491 |  | 1,013,699
|  | 33,163,030 |  | 37,175,306
Creditors: amounts falling due within one year | 6 | ( 30,575,483) |  | ( 36,623,984)
Net current assets |  | 2,587,547 |  | 551,322
Total assets less current liabilities |  | 3,438,683 |  | 1,585,823
Net assets |  | 3,438,683 |  | 1,585,823
Capital and reserves |  |  |  |
Called-up share capital |  | 10 |  | 10
Profit and loss account |  | 3,438,673 |  | 1,585,813
Total shareholders' funds |  | 3,438,683 |  | 1,585,823

For the financial year ending 31 March 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements of Bryden Capital Ltd (registered number: 14754492) were approved and authorised for issue by the Board of Directors on 09 December 2025. They were signed on its behalf by:

C Hall Director |

BRYDEN CAPITAL LTD

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025
BRYDEN CAPITAL LTD

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025

##### 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

Bryden Capital Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Bryden House Unit 1, Boundary Industrial Estate, Millfield Road, Bolton, BL2 6QY, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and 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 £.

##### 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.

##### Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.
Exchange differences are recognised in the Statement of Income and Retained Earnings in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

##### Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Balance Sheet date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Balance Sheet date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

##### Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

##### Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Statement of Income and Retained Earnings in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, 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 or valuation, 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

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.
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.

##### 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 Statement of Income and Retained Earnings as described below.

##### Fixed asset investments

Investments in subsidiaries are measured at cost less accumulated impairment.
Other investments are measured at cost less accumulated impairment.

##### Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

##### Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

##### Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

##### 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.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 7 |  | 9

#### 3. Tangible assets

| Land and buildings |  | Total
| £ |  | £
Cost |  |  |
At 01 April 2024 | 987,581 |  | 987,581
Disposals | ( 169,805) |  | ( 169,805)
At 31 March 2025 | 817,776 |  | 817,776
Accumulated depreciation |  |  |
At 01 April 2024 | 16,425 |  | 16,425
Charge for the financial year | 17,862 |  | 17,862
Disposals | ( 4,302) |  | ( 4,302)
At 31 March 2025 | 29,985 |  | 29,985
Net book value |  |  |
At 31 March 2025 | 787,791 |  | 787,791
At 31 March 2024 | 971,156 |  | 971,156

#### 4. Fixed asset investments

| 2025 |  | 2024
| £ |  | £
Subsidiary undertakings | 1,000 |  | 1,000
Other investments and loans | 62,345 |  | 62,345
| 63,345 |  | 63,345

#### 5. Debtors

| 2025 |  | 2024
| £ |  | £
Debtors: amounts falling due within one year |  |  |
Trade debtors | 3,923 |  | 0
Amounts owed by Group undertakings | 9,601,181 |  | 16,495,044
Amounts owed by related parties | 54,000 |  | 0
Prepayments | 3,336 |  | 1,700
VAT recoverable | 3,183 |  | 172,629
Other debtors | 21,432,916 |  | 127,400
| 31,098,539 |  | 16,796,773
Debtors: amounts falling due after more than one year |  |  |
Other debtors | 0 |  | 19,364,834

#### 6. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Trade creditors | 6,411 |  | 121,138
Amounts owed to Group undertakings | 1,000 |  | 1,000
Other taxation and social security | 3,822 |  | 0
Other creditors | 30,564,250 |  | 36,501,846
| 30,575,483 |  | 36,623,984

#### 7. Financial commitments

Commitments

Total future minimum lease payments under non-cancellable operating leases are as follows:

| 2025 |  | 2024
| £ |  | £
within one year | 6,250 |  | 6,250

Pensions

The Company operates a defined contribution pension scheme for the directors and employees. The assets of the scheme are held separately from those of the Company in an independently administered fund.

| 2025 |  | 2024
| £ |  | £
Unpaid contributions due to the fund (inc. in other creditors) | 3,158 |  | 4,983

#### 8. Related party transactions

Included in other creditors is a loan from the directors. The loan is unsecured, interest free and repayable on demand. The amount outstanding at 31 March 2025 was £30,561,092 (2024: £36,496,863).