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Company Registration No. SC430908 (Scotland)
Brighter Morn Enterprises Limited Unaudited accounts for the year ended 31 December 2024
Brighter Morn Enterprises Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Brighter Morn Enterprises Limited Company Information for the year ended 31 December 2024
Directors
Omer Dadon David Dadon Shlomo Salomon Dadoun
Company Number
SC430908 (Scotland)
Registered Office
First Floor 499 Union Street Aberdeen AB11 6DB Scotland
Accountants
A2Z Accounting Solutions Limited 26 Grandholm Grove Aberdeen AB22 8AX
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Brighter Morn Enterprises Limited Statement of financial position as at 31 December 2024
2024
2023
Notes
£
£
Fixed assets
Tangible assets
4
781
-
Investment property
5
902,902
1,367,902
Investments
6
1
1
903,684
1,367,903
Current assets
Debtors
7
714,333
355,411
Cash at bank and in hand
2,102
2,856
716,435
358,267
Creditors: amounts falling due within one year
8
(1,842,647)
(1,782,168)
Net current liabilities
(1,126,212)
(1,423,901)
Net liabilities
(222,528)
(55,998)
Capital and reserves
Called up share capital
100
100
Profit and loss account
(222,628)
(56,098)
Shareholders' funds
(222,528)
(55,998)
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 24 December 2025 and were signed on its behalf by
David Dadon Director Company Registration No. SC430908
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Brighter Morn Enterprises Limited Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Brighter Morn Enterprises Limited is a private company, limited by shares, registered in Scotland, registration number SC430908. The registered office is First Floor, 499 Union Street, Aberdeen, AB11 6DB, Scotland.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
Brighter Morn Enterprises Limited (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 7 Queens Terrace, Aberdeen, AB10 1XL, Scotland, United Kingdom. The principal place of business is Rietnesse 18H, 1082CH, Amsterdam, The Netherlands. 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 £.
Going concern
The financial statements have been prepared on the going concern basis which assumes that the company will continue in operational existence for at least twelve months from the date of signing the financial statements. This assumption is based upon assurances received from the directors that it is their intention to provide such assistance as is required to enable the company to meet its financial commitments. If the company were unable to continue to trade, adjustments would have to be made to reduce the value of the assets to their recoverable amount and to provide for any further liabilities that might arise.
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for rental income provided in the normal course of business. Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight line basis over the lease term.
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Brighter Morn Enterprises Limited Notes to the Accounts for the year ended 31 December 2024
Deferred taxation
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit. The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
3 - 5 years straight line
Computer equipment
3 - 5 years straight line
Investment property
Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
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.
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Brighter Morn Enterprises Limited Notes to the Accounts for the year ended 31 December 2024
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 January 2024
83,130
3,520
86,650
Additions
814
-
814
At 31 December 2024
83,944
3,520
87,464
Depreciation
At 1 January 2024
83,130
3,520
86,650
Charge for the year
33
-
33
At 31 December 2024
83,163
3,520
86,683
Net book value
At 31 December 2024
781
-
781
5
Investment property
2024
£
Fair value at 1 January 2024
1,367,902
Disposals
(465,000)
At 31 December 2024
902,902
6
Investments
Subsidiary undertakings
£
Valuation at 1 January 2024
1
Valuation at 31 December 2024
1
7
Debtors
2024
2023
£
£
Amounts falling due within one year
Amounts due from group undertakings etc.
679,636
320,714
Other debtors
34,697
34,697
714,333
355,411
8
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
6,322
16,322
Amounts owed to group undertakings and other participating interests
1,664,245
1,655,790
Taxes and social security
22,772
20,300
Other creditors
17,663
9,963
Loans from directors
125,931
74,289
Accruals
5,714
5,504
1,842,647
1,782,168
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Brighter Morn Enterprises Limited Notes to the Accounts for the year ended 31 December 2024
9
Average number of employees
During the year the average number of employees was 4 (2023: 4).
- 8 -