Company No: SC282848 (Scotland)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTORS	Charles Richard Boscawen
	Julius Fergus Chamberlain
	Robert Hugo Chamberlain

SECRETARY

Charles Richard Boscawen

REGISTERED OFFICE	16 Charlotte Square
	Edinburgh
	Midlothian
	EH2 4DF
	United Kingdom

COMPANY NUMBER

SC282848 (Scotland)

	Note	2022		2021
		£		£
Fixed assets
Tangible assets	4	140,086		111,998
Investment property	5	0		845,000
Investments	6	50,404,504		52,236,829
		50,544,590		53,193,827
Current assets
Debtors	7	4,996,492		674,068
Cash at bank and in hand		16,419,473		3,364,402
		21,415,965		4,038,470
Creditors: amounts falling due within one year	8	( 201,427)		( 132,043)
Net current assets		21,214,538		3,906,427
Total assets less current liabilities		71,759,128		57,100,254
Provision for liabilities	9	( 1,842,935)		( 2,949,548)
Net assets		69,916,193		54,150,706
Capital and reserves
Called-up share capital		18,974,538		11,229
Share premium account		36,967,775		36,967,775
Capital redemption reserve		96,380		96,380
Profit and loss account		13,877,500		17,075,322
Total shareholder's funds		69,916,193		54,150,706

For the financial year ending 31 December 2022 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge 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 Bamboo Holdings Limited (registered number: SC282848) were approved and authorised for issue by the Board of Directors on 29 September 2023. They were signed on its behalf by:

Robert Hugo Chamberlain Director

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

Bamboo Holdings 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 16 Charlotte Square, Edinburgh, Midlothian, EH2 4DF, United Kingdom.

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 £.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Profit and Loss Account in the period in which they arise.

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.

Dividend income

Dividend income from investments is recognised when the shareholders' rights to receive payment have been established (provided that it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably).

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) 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.

Group Relief

Charges for amounts payable in respect of tax losses surrendered to the company or credits for amounts receivable in respect of tax losses surrendered by the company and utilised by other group companies are recognised in the year which they take place.

Tangible fixed assets

Tangible assets are stated at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Depreciation is provided on all tangible fixed assets, other than investment property, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Vehicles

5 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

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.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate, adjusted if necessary for any difference in nature, location, or condition of the specific asset. Changes in fair value are recognised in the profit and loss account.

Fixed asset investments

Investments in equity shares and other securities which are publicly traded, or where the fair value can be measured reliably, are initially measured at fair value. Changes in fair value are recognised in the profit and loss account.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities, or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Ordinary share capital

The ordinary share capital of the Company is presented as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments.

2. Employees

	2022		2021
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	4		5

3. Dividends on equity shares

	2022		2021
	£		£
Amounts recognised as distributions to equity holders in the financial year:
Interim dividend for the financial year ended 31 December 2022 of £Nil (2021: £50.56) per ordinary share	0		567,738

4. Tangible assets

	Vehicles		Total
	£		£
Cost
At 01 January 2022	309,435		309,435
Additions	108,579		108,579
Disposals	( 137,906)		( 137,906)
At 31 December 2022	280,108		280,108
Accumulated depreciation
At 01 January 2022	197,437		197,437
Charge for the financial year	39,168		39,168
Disposals	( 96,583)		( 96,583)
At 31 December 2022	140,022		140,022
Net book value
At 31 December 2022	140,086		140,086
At 31 December 2021	111,998		111,998

5. Investment property

	Investment property
	£
Valuation
As at 01 January 2022	845,000
Disposals	(845,000)
As at 31 December 2022	0

The investment property was disposed of in the year ended 31 December 2022. The basis of the valuation was open market, and the property has a current value of £nil (2021 - £845,000) and a carrying amount at historical cost of £nil (2021 - £806,146).

6. Fixed asset investments

	Listed investments		Other investments		Total
	£		£		£
Carrying value before impairment
At 01 January 2022	44,244,415		7,992,414		52,236,829
Additions	11,791,901		961,408		12,753,309
Disposals	( 9,175,954)		( 180,051)		( 9,356,005)
Movement in fair value	( 4,549,372)		( 680,257)		( 5,229,629)
At 31 December 2022	42,310,990		8,093,514		50,404,504
Provisions for impairment
At 01 January 2022	0		0		0
At 31 December 2022	0		0		0
Carrying value at 31 December 2022	42,310,990		8,093,514		50,404,504
Carrying value at 31 December 2021	44,244,415		7,992,414		52,236,829

7. Debtors

	2022		2021
	£		£
Amounts owed by directors	4,438,150		0
Prepayments	2,434		1,226
Other debtors	555,908		672,842
	4,996,492		674,068

8. Creditors: amounts falling due within one year

	2022		2021
	£		£
Amounts owed to related parties	15,966		0
Taxation and social security	22,319		0
Other creditors	163,142		132,043
	201,427		132,043

9. Provision for liabilities

	Deferred taxation		Total
	£		£
At 01 January 2022	2,949,548		2,949,548
Credited to the Profit and Loss Account	( 1,106,613)		( 1,106,613)
At 31 December 2022	1,842,935		1,842,935

10. Related party transactions

During the year, donations totaling £nil (2021 - £3,150,000) were made to a charity of which three of the company's directors were also trustees. At the balance sheet date, the amount due to the charity was £nil (2021 - £nil).

The company made a loan to a director during the year for £4,438,150 (2021 - £Nil) which is interest free and repayable on demand. At the balance sheet date, the amount due from the director was £4,438,150 (2021 - £nil).

11. Ultimate controlling party

Parent Company:

Brambling Holdings Limited

Providence House 141-145 Princes Street Ipswich IP1 1QJ England United Kingdom