Company No: SC077424 (Scotland)

Contents

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

DIRECTORS	Charles George Carver
	David James Sage
SECRETARY	Charles George Carver
REGISTERED OFFICE	Stables Cottage
	Camis Eskan Farm
	Helensburgh
	G84 7JZ
	United Kingdom
COMPANY NUMBER	SC077424(Scotland)
CHARTERED ACCOUNTANTS	Johnston Carmichael LLP
	227 West George Street
	Glasgow
	G2 2ND
	Scotland

		2020		2019
	Note	£		£
Fixed assets
Tangible assets	3	59,780		60,384
		59,780		60,384
Current assets
Debtors	4	1,963		916
Cash at bank and in hand	5	55,042		53,750
		57,005		54,666
Creditors
Amounts falling due within one year	6	( 900)		( 900)
Net current assets		56,105		53,766
Total assets less current liabilities		115,885		114,150
Net assets		115,885		114,150
Capital and reserves
Called-up share capital	7	1,000		1,000
Profit and loss account		114,885		113,150
Total shareholders' funds		115,885		114,150

For the financial year ending 30 November 2020 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors’ responsibilities:

• The members have 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 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 Glenlomond Limited (registered number: SC077424) were approved and authorised for issue by the Board of Directors on 31 August 2021. They were signed on its behalf by:

Charles George Carver 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

Glenlomond 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 Stables Cottage, Camis Eskan Farm, Helensburgh, G84 7JZ, 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 £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Tangible fixed assets

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

Land and buildings			1.00 %		Reducing balance
Plant and machinery etc					Not depreciated

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.

Impairment of assets

Assets, other than those measured at fair value, 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.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial in such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

	2020		2019
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	0		0

3. Tangible assets

	Land and buildings		Plant and machinery etc		Total
	£		£		£
Cost
At 01 December 2019	74,336		47,029		121,365
At 30 November 2020	74,336		47,029		121,365
Accumulated depreciation
At 01 December 2019	13,952		47,029		60,981
Charge for the financial year	604		0		604
At 30 November 2020	14,556		47,029		61,585
Net book value
At 30 November 2020	59,780		0		59,780
At 30 November 2019	60,384		0		60,384

4. Debtors

	2020		2019
	£		£
Trade debtors	1,963		916

5. Cash and cash equivalents

	2020		2019
	£		£
Cash at bank and in hand	55,042		53,750

6. Creditors: amounts falling due within one year

	2020		2019
	£		£
Other creditors	900		900

7. Called-up share capital

	2020		2019
	£		£
Allotted, called-up and fully-paid
1,000 Ordinary shares of £ 1.00 each	1,000		1,000

8. Events after the Balance Sheet date

There have been no events after the balance sheet date affecting the Company since the financial year.