Braeside Developments (Scotland) Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: SC560261

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		115,181		128,698
Investment Properties	5		50,880		-

			166,061		128,698
CURRENT ASSETS
Stocks	6	172,967		201,693
Debtors	7	276,337		54,169
Cash at bank and in hand		10,579		19,592

		459,883		275,454
Creditors: Amounts Falling Due Within One Year	8	(457,622 )		(232,599 )

NET CURRENT ASSETS (LIABILITIES)			2,261		42,855

TOTAL ASSETS LESS CURRENT LIABILITIES			168,322		171,553

Creditors: Amounts Falling Due After More Than One Year	9		(1,238 )		(3,361 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(26,115 )		(26,115 )

NET ASSETS			140,969		142,077

CAPITAL AND RESERVES
Called up share capital	11		10		10
Profit and Loss Account			140,959		142,067

SHAREHOLDERS' FUNDS			140,969		142,077

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Braeside Developments (Scotland) Ltd

Balance Sheet (continued)

As At 31 March 2025

For the 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.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

M J Reynolds

Director

29th December 2025

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

Braeside Developments (Scotland) Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC560261 . The registered office is 5 Carden Place, Aberdeen, AB10 1UT.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value

added tax and other sales taxes.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if

held under a finance lease, over the lease term, whichever is the shorter:

Freehold	held at cost
Plant & Machinery	25% reducing balance
Motor Vehicles	25% straight Line
Fixtures & Fittings	25% straight line
Computer Equipment	33% straight line

2.4. Investment Properties

All investment properties are shown at most recent valuation. Any aggregate surplus or deficit arising from changes in

fair value is recognised in profit or loss.

2.5. Leasing and Hire Purchase Contracts

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under

hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are

depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the

future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

2.6. Stocks and Work in Progress

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

moving items.

2.7. 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.

...CONTINUED

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Braeside Developments (Scotland) Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

2.7. Taxation - continued

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. Average Number of Employees

Average number of employees, including directors, during the period was 3 (2024: 3)

4. Tangible Assets

	Land & Property
	Freehold	Plant & Machinery	Motor Vehicles	Fixtures & Fittings
	£	£	£	£
Cost
As at 1 April 2024	2,200	76,220	118,267	1,159
Additions	-	27,120	-	-

As at 31 March 2025	2,200	103,340	118,267	1,159

Depreciation
As at 1 April 2024	-	36,213	32,544	547
Provided during the period	-	11,281	29,567	290

As at 31 March 2025	-	47,494	62,111	837

Net Book Value
As at 31 March 2025	2,200	55,846	56,156	322

As at 1 April 2024	2,200	40,007	85,723	612


	Computer Equipment	Total
	£	£
Cost
As at 1 April 2024	562	198,408
Additions	716	27,836

As at 31 March 2025	1,278	226,244

Depreciation
As at 1 April 2024	406	69,710
Provided during the period	215	41,353

As at 31 March 2025	621	111,063

Net Book Value
As at 31 March 2025	657	115,181

As at 1 April 2024	156	128,698

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Braeside Developments (Scotland) Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

5. Investment Property

	2025
	£
Fair Value
As at 1 April 2024	-
Additions	50,880

As at 31 March 2025	50,880

6. Stocks

	2025	2024
	£	£
Work in progress	172,967	201,693

7. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	236,127	17,300
Other debtors	40,210	36,869

	276,337	54,169

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	2,123	2,123
Trade creditors	141,054	124,132
Amounts owed to group undertakings	22,920	54,350
Other creditors	282,335	42,296
Taxation and social security	9,190	9,698

	457,622	232,599

9. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	1,238	3,361

10. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	2,123	2,123
Later than one year and not later than five years	1,238	3,361

	3,361	5,484

	3,361	5,484

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Braeside Developments (Scotland) Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

11. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	10	10

12. Ultimate Controlling Party

The company's ultimate controlling party is Braeside Developments Aberdeen Ltd by virtue of their ownership of 100% of the issued share capital in the company.

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