REGISTERED NUMBER: SC556494 (Scotland)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 DECEMBER 2024

FOR

BRAGLEENBEG LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

N R H Briggs

Mrs K J Sutton

SECRETARY:

N R H Briggs

REGISTERED OFFICE:

Bragleenbeg Farm

Kilninver

Oban

Argyll And Bute

PA34 4UU

REGISTERED NUMBER:

SC556494 (Scotland)

ACCOUNTANTS:

Sowerby

Chartered Accountants

Beckside Court

Annie Reed Road

Beverley

East Yorkshire

HU17 0LF

FIXED ASSETS

Tangible assets

4

76,859

86,495

CURRENT ASSETS

Stocks

25,000

20,500

Debtors

5

109,648

107,000

Cash at bank

39,147

74,524

173,795

202,024

CREDITORS

Amounts falling due within one year

6

323,101

347,624

NET CURRENT LIABILITIES

(149,306

)

(145,600

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(72,447

)

(59,105

)

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

(72,449

)

(59,107

)

SHAREHOLDERS' FUNDS

(72,447

)

(59,105

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 December 2024 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 10 December 2025 and were signed on its behalf by:

N R H Briggs - Director

1.	STATUTORY INFORMATION

Bragleenbeg Limited is a private company, limited by shares, registered in Scotland. It has its registered office and principal place of business at Bragleenbeg Farm, Kilninver, Oban, Argyll and Bute, PA34 4UU.

The financial statements are presented in Sterling, which is the functional currency of the company.

The principal activity of the company is mixed farming.

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.

Having regard to liquidity risk, current market conditions and other factors affecting the company, the use of the going concern basis of accounting is appropriate as, in the opinion of the directors, there are no material uncertainties related to events or conditions that may cast significant doubt about the ability of the company to continue as a going concern.

Turnover

Turnover is the amount derived from ordinary activities, measured at the fair value of the consideration received or receivable. Turnover excludes value added tax and trade discounts.

Sales are recognised at the point which the company has fulfilled its contractual obligations and the risks and rewards attached to the product, have been transferred to the customer.

Tangible fixed assets

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

Plant and machinery etc

-

10% on cost

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell, after making due allowance for obsolete and slow moving items. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. Stock is calculated on the first in first out basis.

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 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 31 December 2023

160,475

Additions

1,500

At 30 December 2024

161,975

DEPRECIATION

At 31 December 2023

73,980

Charge for year

11,136

At 30 December 2024

85,116

NET BOOK VALUE

At 30 December 2024

76,859

At 30 December 2023

86,495

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

107,000

107,000

Other debtors

2,648

-

109,648

107,000

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Other creditors

323,101

347,624

7.	RELATED PARTY DISCLOSURES

The company was under the control of Mr N Briggs & Mrs K Sutton throughout the current year. Both are the majority shareholders of the company.

At the 31 December 2024 the company owed the directors £309,540 (2023 - £344,324) .