Silverfin false false 30/06/2025 01/07/2024 30/06/2025 Dr A Budge 06/01/2014 06 February 2026 The principal activity of the Company is that of an investment holding company. SC466630 2025-06-30 SC466630 bus:Director1 2025-06-30 SC466630 2024-06-30 SC466630 core:CurrentFinancialInstruments 2025-06-30 SC466630 core:CurrentFinancialInstruments 2024-06-30 SC466630 core:ShareCapital 2025-06-30 SC466630 core:ShareCapital 2024-06-30 SC466630 core:RetainedEarningsAccumulatedLosses 2025-06-30 SC466630 core:RetainedEarningsAccumulatedLosses 2024-06-30 SC466630 core:OtherPropertyPlantEquipment 2024-06-30 SC466630 core:OtherPropertyPlantEquipment 2025-06-30 SC466630 bus:OrdinaryShareClass1 2025-06-30 SC466630 2024-07-01 2025-06-30 SC466630 bus:FilletedAccounts 2024-07-01 2025-06-30 SC466630 bus:SmallEntities 2024-07-01 2025-06-30 SC466630 bus:AuditExemptWithAccountantsReport 2024-07-01 2025-06-30 SC466630 bus:PrivateLimitedCompanyLtd 2024-07-01 2025-06-30 SC466630 bus:Director1 2024-07-01 2025-06-30 SC466630 core:OtherPropertyPlantEquipment core:TopRangeValue 2024-07-01 2025-06-30 SC466630 2023-07-01 2024-06-30 SC466630 core:OtherPropertyPlantEquipment 2024-07-01 2025-06-30 SC466630 bus:OrdinaryShareClass1 2024-07-01 2025-06-30 SC466630 bus:OrdinaryShareClass1 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: SC466630 (Scotland)

# BIDCO (1874) LIMITED

### UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 30 JUNE 2025
PAGES FOR FILING WITH THE REGISTRAR

BIDCO (1874) LIMITED

## UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 JUNE 2025

Contents

BIDCO (1874) LIMITED

## BALANCE SHEET

AS AT 30 JUNE 2025
BIDCO (1874) LIMITED

## BALANCE SHEET (continued)

AS AT 30 JUNE 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 3 | 30,446 |  | 71,041
Investments | 4 | 24,696 |  | 24,696
|  | 55,142 |  | 95,737
Current assets |  |  |  |
Debtors | 5 | 0 |  | 3,760,821
Cash at bank and in hand |  | 1,260,578 |  | 5,100
|  | 1,260,578 |  | 3,765,921
Creditors: amounts falling due within one year | 6 | ( 127,144) |  | ( 2,747,704)
Net current assets |  | 1,133,434 |  | 1,018,217
Total assets less current liabilities |  | 1,188,576 |  | 1,113,954
Provision for liabilities |  | ( 7,612) |  | ( 17,760)
Net assets |  | 1,180,964 |  | 1,096,194
Capital and reserves |  |  |  |
Called-up share capital | 7 | 300,001 |  | 300,001
Profit and loss account |  | 880,963 |  | 796,193
Total shareholder's funds |  | 1,180,964 |  | 1,096,194

For the financial year ending 30 June 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
- The director acknowledges 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 Profit and Loss Account has not been delivered.

The financial statements of Bidco (1874) Limited (registered number: SC466630) were approved and authorised for issue by the Director on 06 February 2026. They were signed on its behalf by:

Dr A Budge Director |

BIDCO (1874) LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 JUNE 2025
BIDCO (1874) LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 JUNE 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 year, unless otherwise stated.

##### General information and basis of accounting

Bidco (1874) 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 Collins House, Rutland Square, Edinburgh, EH1 2AA, United Kingdom.
The financial statements have been prepared under the historical cost convention 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 director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

##### 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.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

##### Tangible fixed assets

Tangible fixed assets are stated at cost, net of depreciation. Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost of each asset on a straight-line basis over its expected useful life, as follows:

Plant and machinery etc. | 3 years straight line

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 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 Profit and Loss Account as described below. No impairments were noted in the period.

##### Fixed asset investments

Interests in subsidiaries are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting end date and any impairment losses or reversals of impairment losses are recognised immediately in the profit and loss account. No such impairments were noted in the current period.

##### Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks.

##### 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.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are measured at transaction price including transaction costs.
Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities, including creditors and loans from fellow group companies, are recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

##### Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.
The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).
When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including the unpaid director. | 1 |  | 1

#### 3. Tangible assets

| Plant and machinery etc. |  | Total
| £ |  | £
Cost |  |  |
At 01 July 2024 | 121,785 |  | 121,785
At 30 June 2025 | 121,785 |  | 121,785
Accumulated depreciation |  |  |
At 01 July 2024 | 50,744 |  | 50,744
Charge for the financial year | 40,595 |  | 40,595
At 30 June 2025 | 91,339 |  | 91,339
Net book value |  |  |
At 30 June 2025 | 30,446 |  | 30,446
At 30 June 2024 | 71,041 |  | 71,041

#### 4. Fixed asset investments

| 2025 |  | 2024
| £ |  | £
Other investments and loans | 24,696 |  | 24,696

#### 5. Debtors

| 2025 |  | 2024
| £ |  | £
Amounts owed by related parties | 0 |  | 3,760,821

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

| 2025 |  | 2024
| £ |  | £
Taxation and social security | 38,381 |  | 53,240
Other creditors | 88,763 |  | 2,694,464
| 127,144 |  | 2,747,704

#### 7. Called-up share capital

| 2025 |  | 2024
| £ |  | £
Allotted, called-up and fully-paid |  |  |
300,001 Ordinary shares of £ 1.00 each | 300,001 |  | 300,001

#### 8. Related party transactions

Other related party transactions

| 2025 |  | 2024
| £ |  | £
Heart of Midlothian PLC | 0 |  | 3,333,852

During the year, the loan was repaid in full by Heart of Midlothian PLC. These facilities were provided at a market rate of interest.