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
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
Brighter Morn Enterprises Limited
Statement of financial position
as at 31 December 2024
Investment property
902,902
1,367,902
Cash at bank and in hand
2,102
2,856
Creditors: amounts falling due within one year
(1,842,647)
(1,782,168)
Net current liabilities
(1,126,212)
(1,423,901)
Net liabilities
(222,528)
(55,998)
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
Brighter Morn Enterprises Limited
Notes to the Accounts
for the year ended 31 December 2024
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.
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.
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 £.
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 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.
Brighter Morn Enterprises Limited
Notes to the Accounts
for the year ended 31 December 2024
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 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 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.
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
At 31 December 2024
83,944
3,520
87,464
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
At 31 December 2024
781
-
781
Fair value at 1 January 2024
1,367,902
At 31 December 2024
902,902
6
Investments
Subsidiary undertakings
Valuation at 1 January 2024
1
Valuation at 31 December 2024
1
Amounts falling due within one year
Amounts due from group undertakings etc.
679,636
320,714
Other debtors
34,697
34,697
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
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).