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COMPANY REGISTRATION NUMBER: SC434756

Hamilton BID Ltd

Company Limited by Guarantee

Financial Statements

For the year ended

31 October 2025

Hamilton BID Ltd

Company Limited by Guarantee

Financial Statements

Year ended 31 October 2025

Contents | Page

Officers and professional advisers | 1

Directors' report | 2

Independent auditor's report to the members | 5

Statement of income and retained earnings | 9

Statement of financial position | 10

Notes to the financial statements | 11

Hamilton BID Ltd

Company Limited by Guarantee

Officers and Professional Advisers

The board of directors | Mrs J M Smith - Chair
| Rev J C Hood
| Mr M W Logie
| Mr D McLachlan
| Mrs H R Teven
| Mr C Dewar
| Mrs J McCormack

Company secretary | Mr Malcolm Thomas-Harley

Registered office | C/O J. Watson Scott & Co
| McAdam House
| 1 Cadzow Lane
| Hamilton
| South Lanarkshire
| ML3 6AY

Auditor | Nelson Gilmour Smith
| Chartered Accountants & statutory auditor
| Mercantile Chambers
| 53 Bothwell Street
| Glasgow
| G2 6TB

Bankers | The Royal Bank of Scotland
| Palace Towers
| Palace Grounds Retail Park
| Hamilton
| ML3 6AD

Solicitors | J. Watson Scott & Co.
| McAdam House
| 1 Cadzow Lane
| Hamilton
| ML3 6AY

Hamilton BID Ltd

Company Limited by Guarantee

Directors' Report

Year ended 31 October 2025
The directors present their report and the financial statements of the company for the year ended 31 October 2025 .
Principal activities
The principal activity of the company during the year was investment in the local business environment. Hamilton BID LTD, operating as Hamilton Our Town, continued to deliver activity set out within the 2022 Business Plan, supporting the vitality, visibility, and viability of Hamilton town centre. 'Pride in our town'. In the year, we continued to invest in the appearance and day-to-day environment of the town centre. This included the ongoing maintenance of 20 planters through our external contractor, shop front grants, regular engagement with local partners and continued provision of free-to-use town centre public Wi-Fi. We also maintained regular monitoring of environmental issues such as fly-tipping and cleanliness, ensuring these were reported and addressed. 'Voice for our town'. This focus included continued partnership working with the local authority, key stakeholders and ongoing engagement in relation to the town centre masterplan. We continued to support initiatives that improve accessibility and footfall, including the continuation of free parking measures linked to Quarry Street opening, with data indicating a strong positive impact on visitor numbers due to this action. 'Spotlight on our town'. Marketing and promotional activity remained a key focus continuing to provide a consistent and visible platform for the town centre. This included regular digital campaigns, website updates, social media activity, and advertising campaigns. Hamilton BID Ltd remains the primary organisation actively promoting Hamilton town centre, delivering this activity within a modest budget. 'Life in our town'. A programme of events and markets continued throughout the year, contributing significantly to footfall and town centre activity. This included monthly markets, seasonal events and community-focused activity such as our new summer festival and other themed events. These events generated substantial additional visits to the town centre, with evidence indicating strong public support and a proportion of visitors travelling from outside Hamilton. The market operation continued to to develop, generating income through stall hire and sponsorship while also providing free access opportunities for local BID area businesses. In addition to economic impact, events delivered wider community benefit, including free family-friendly activities and accessible programming.
Directors
The directors who served the company during the year were as follows:

Mrs J M Smith - Chair |
Rev J C Hood |
Mr M W Logie |

Mr D McLachlan |
Mr M W Meyerhoff |
Mrs H R Teven |
Mr C Dewar |
Mrs J McCormack | (Appointed 1 April 2025)

Directors' responsibilities statement
The directors are responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations. Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period. In preparing these financial statements, the directors are required to: - select suitable accounting policies and then apply them consistently; - make judgments and accounting estimates that are reasonable and prudent; - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Auditor
Each of the persons who is a director at the date of approval of this report confirms that:
- so far as they are aware, there is no relevant audit information of which the company's auditor is unaware; and - they have taken all steps that they ought to have taken as a director to make themselves aware of any relevant audit information and to establish that the company's auditor is aware of that information. A resolution to reappoint Nelson Gilmour Smith as auditors will be proposed at the forthcoming Annual General Meeting.
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on 22 April 2026 and signed on behalf of the board by:

Mrs J M Smith - Chair
Director

Registered office:
C/O J. Watson Scott & Co
McAdam House
1 Cadzow Lane
Hamilton
South Lanarkshire
ML3 6AY

Hamilton BID Ltd

Company Limited by Guarantee

Independent Auditor's Report to the Members of Hamilton BID Ltd

Year ended 31 October 2025
Opinion
We have audited the financial statements of Hamilton BID Ltd (the 'company') for the year ended 31 October 2025 which comprise the statement of income and retained earnings, statement of financial position and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements: - give a true and fair view of the state of the company's affairs as at 31 October 2025 and of its profit for the year then ended; - have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; - have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and the provisions available for small entities, in the circumstances set out in note 12 to the financial statements, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.
Other information
The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. The directors are responsible for the other information. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.
Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the directors' report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the directors' report has been prepared in accordance with applicable legal requirements.
Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the directors' report. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion: - adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or - the financial statements are not in agreement with the accounting records and returns; or - certain disclosures of directors' remuneration specified by law are not made; or - we have not received all the information and explanations we require for our audit; or - the directors were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemptions in preparing the directors' report and from the requirement to prepare a strategic report.
Responsibilities of directors
As explained more fully in the directors' responsibilities statement, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.
Auditor's responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: Based on our understanding of the company, we identified the principal risks of non-compliance with laws and regulations and the extent to which non-compliance might have a material effect on the financial statements. We also considered those laws and regulations that have a direct impact on the preparation of the financial statements such as the Companies Act 2006. We evaluated managements incentives and opportunities for the fraudulent manipulation of the financial statements, including the risk of of override of controls. Based on our assessment we adopted a substantive approach to our audit testing. Audit procedures performed included: Testing a sample of transactions to source documentation. We select sample sizes having regard to the inherent risk (specific and general), the quality of the internal controls and the risk that our testing might not detect possible misstatements. Making enquiries of management, those charged with governance and the entity's solicitors around actual and potential litigation and claims. Identifying legislation of particular relevance to the entity and obtaining audit evidence regarding compliance with that legislation. Auditing the risk of management override of controls, including through testing journal entries and other adjustments for appropriateness, and evaluating the business rationale of significant transactions outside the normal course of business There are inherent limitations in the audit procedures described above. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example forgery or concealment. As part of an audit in accordance with ISAs (UK), we exercise professional judgment and maintain professional scepticism throughout the audit. We also: - Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. - Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the internal control. - Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the directors. - Conclude on the appropriateness of the directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the company to cease to continue as a going concern. - Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation. We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. Use of our report
This report is made solely to the company's members, as a body, in accordance with chapter 3 of part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Louise D McAulay
(Senior Statutory Auditor)

For and on behalf of
Nelson Gilmour Smith
Chartered Accountants & statutory auditor
Mercantile Chambers
53 Bothwell Street
Glasgow
G2 6TB

22 April 2026

Hamilton BID Ltd

Company Limited by Guarantee

Statement of Income and Retained Earnings

Year ended 31 October 2025

| 2025 | 2024
Note | £ | £
Turnover | 231,379 | 244,970

| --------- | ---------
Gross profit | 231,379 | 244,970

Administrative expenses | 213,259 | 236,153
| --------- | ---------
Operating profit | 18,120 | 8,817

|  | --------- | ---------
Profit before taxation | 7 | 18,120 | 8,817

Tax on profit | – | –
| -------- | -------
Profit for the financial year and total comprehensive income | 18,120 | 8,817
| -------- | -------

Retained earnings at the start of the year | 53,009 | 44,192
| -------- | --------
Retained earnings at the end of the year | 71,129 | 53,009
| -------- | --------

All the activities of the company are from continuing operations.

Hamilton BID Ltd

Company Limited by Guarantee

Statement of Financial Position

31 October 2025

| 2025 | 2024
Note | £ | £

Fixed assets

Tangible assets | 8 | 72 | 144

Current assets

Debtors | 9 | 20,620 | 21,870
Cash at bank and in hand | 68,225 | 55,407
| -------- | --------
| 88,845 | 77,277

Creditors: amounts falling due within one year | 10 | 17,788 | 24,412
| -------- | --------
Net current assets | 71,057 | 52,865
| -------- | --------
Total assets less current liabilities | 71,129 | 53,009
| -------- | --------
Net assets | 71,129 | 53,009
| -------- | --------

Capital and reserves

Profit and loss account | 71,129 | 53,009
| -------- | --------
Members funds | 71,129 | 53,009
| -------- | --------

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
These financial statements were approved by the board of directors and authorised for issue on 22 April 2026 , and are signed on behalf of the board by:

Mrs J M Smith - Chair
Director

Company registration number: SC434756

Hamilton BID Ltd

Company Limited by Guarantee

Notes to the Financial Statements

Year ended 31 October 2025
1. General information
The company is a private company limited by guarantee, registered in Scotland. The address of the registered office is C/O J. Watson Scott & Co, McAdam House, 1 Cadzow Lane, Hamilton, South Lanarkshire, ML3 6AY.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
The turnover shown in the income and expenditure account represents BID levy income, grant income and other trading income recognised in the period. Turnover shown excludes any Value Added Tax arising.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

| Equipment | - | 20% straight line

Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Company limited by guarantee
The company is limited by guarantee and does not have a share capital. In the event of a winding up each of the members liability is limited to £1.
5. Auditor's remuneration

| 2025 | 2024
| £ | £
Fees payable for the audit of the financial statements | 2,470 | 2,360
| ------- | -------

6. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2024: 2 ).
7. Profit before taxation
Profit before taxation is stated after charging:

| 2025 | 2024
| £ | £
Depreciation of tangible assets | 72 | 73
| ---- | ----

8. Tangible assets

| Equipment | Total
| £ | £
Cost |  |
At 1 November 2024 and 31 October 2025 | 2,209 | 2,209
| ------- | -------
Depreciation |  |
At 1 November 2024 | 2,065 | 2,065
Charge for the year | 72 | 72
| ------- | -------
At 31 October 2025 | 2,137 | 2,137
| ------- | -------
Carrying amount |  |
At 31 October 2025 | 72 | 72
| ------- | -------
At 31 October 2024 | 144 | 144
| ------- | -------

9. Debtors

| 2025 | 2024
| £ | £
Trade debtors | 13,595 | 60
Other debtors | 7,025 | 21,810
| -------- | --------
| 20,620 | 21,870
| -------- | --------

10. Creditors: amounts falling due within one year

| 2025 | 2024
| £ | £
Trade creditors | – | 15,124
Social security and other taxes | 11,239 | 5,631
Other creditors | 6,549 | 3,657
| -------- | --------
| 17,788 | 24,412
| -------- | --------

11. Related party transactions
Hamilton Business in the Community (Scottish charity no: SC046391) is under the control of the same directors as Hamilton Bid Limited. During the year Hamilton Business in the Community paid £ 721 to Hamilton Bid Limited as a contribution towards free entertainment and community activities at the Hamilton Easter Gala which Hamilton Bid Limited was organising.
12. Ethical standards
In common with many other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.