REGISTERED NUMBER: SC812054 (Scotland)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 29 MAY 2024 TO 31 MAY 2025

FOR

BPI PROPERTIES (SCOTLAND) LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

S G Thomson

M A Johnstone

Dr G R McLean

Brite Holdings (Scotland) Limited

REGISTERED OFFICE:

Berkeley House

5 Newton Terrace

Glasgow

G3 7PJ

REGISTERED NUMBER:

SC812054 (Scotland)

ACCOUNTANTS:

Profit Counts Limited

Anchor One

1st Floor

7 Thread Street

Paisley

Renfrewshire

PA1 1JR

FIXED ASSETS

Tangible assets

4

545,000

Investments

5

1

545,001

CURRENT ASSETS

Debtors

2

Cash at bank

5,890

5,892

CREDITORS

Amounts falling due within one year

398,575

NET CURRENT LIABILITIES

(392,683

)

TOTAL ASSETS LESS CURRENT LIABILITIES

152,318

CREDITORS

Amounts falling due after more than one year

148,055

NET ASSETS

4,263

CAPITAL AND RESERVES

Called up share capital

2

Retained earnings

4,261

SHAREHOLDERS' FUNDS

4,263

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 May 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 May 2025 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.

All the members have consented to the preparation of an abridged Balance Sheet for the period ended 31 May 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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 11 May 2026 and were signed on its behalf by:

S G Thomson - Director

1.	STATUTORY INFORMATION

BPI Properties (Scotland) Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

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.

Tangible fixed assets

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

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Taxation

Taxation for the period 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 period end and that are expected to apply to the reversal of the timing difference.

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.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL.

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

Additions

545,000

At 31 May 2025

545,000

NET BOOK VALUE

At 31 May 2025

545,000

5.	FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:

Totals

£

COST

Additions

1

At 31 May 2025

1

NET BOOK VALUE

At 31 May 2025

1

6.	SECURED DEBTS

The following secured debts are included within creditors:

£

Bank loans

180,493

The bank loans are secured by a floating charge over all the company's assets and covers all property and undertakings of the company..

7.	RELATED PARTY DISCLOSURES

During the period the company purchased property (£50,000) and an investment in MBB(Scotland) Limited (£1) from Brite Holdings (Scotland) Limited, a company under common control.

During the period the company purchased property (£245,000) from Brian Cullen Limited, a company under common control.

During the period the company purchased property (£250,000) from Brite (Gilmerton) Limited, a company under common control.