Glendinning Assets Limited - Accounts to registrar (filleted) - small 23.2.5

Glendinning Assets Limited - Accounts to registrar (filleted) - small 23.2.5

GLENDINNING ASSETS LIMITED - Company Information

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REGISTERED NUMBER: SC185169 (Scotland)















Unaudited Financial Statements for the Year Ended 31st March 2023

for

Glendinning Assets Limited
McLaughlin Crolla LLP
77/2 Hanover Street
Edinburgh
EH2 1EE








Glendinning Assets Limited (Registered number: SC185169)

Contents of the Financial Statements
for the Year Ended 31st March 2023










Page

Company Information 1

Report of the Accountants 2

Balance Sheet 3

Notes to the Financial Statements 4


Glendinning Assets Limited

Company Information
for the Year Ended 31st March 2023







DIRECTOR: Mr G Duff



REGISTERED OFFICE: 77/2 Hanover Street
Edinburgh
Midlothian
EH2 1EE



REGISTERED NUMBER: SC185169 (Scotland)



ACCOUNTANTS: McLaughlin Crolla LLP
77/2 Hanover Street
Edinburgh
EH2 1EE



BANKERS: Bank of Scotland
20/22 Shandwick Place
Edinburgh
EH2 4RN
Page 1
Glendinning Assets Limited

Report of the Accountants to the Director of
Glendinning Assets Limited


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31st March 2023 set out on pages four to seven and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






McLaughlin Crolla LLP
77/2 Hanover Street
Edinburgh
EH2 1EE


15th December 2023

This page does not form part of the statutory financial statements

Page 2
Glendinning Assets Limited (Registered number: SC185169)

Balance Sheet
31st March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investments 4 700,000 -

CURRENT ASSETS
Debtors 5 226,045 -
Cash at bank 52,901 1,450,615
278,946 1,450,615
CREDITORS
Amounts falling due within one year 6 1,500 378,372
NET CURRENT ASSETS 277,446 1,072,243
TOTAL ASSETS LESS CURRENT LIABILITIES 977,446 1,072,243

CAPITAL AND RESERVES
Called up share capital 52,640 52,640
Retained earnings 924,806 1,019,603
977,446 1,072,243

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 15th December 2023 and were signed by:





Mr G Duff - Director


The notes form part of these financial statements

Page 3
Glendinning Assets Limited (Registered number: SC185169)

Notes to the Financial Statements
for the Year Ended 31st March 2023


1. STATUTORY INFORMATION

Glendinning Assets 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities such as trade and other debtors and creditors, loans from banks and other third parties.

Taxation
Taxation for the year 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 4 ) .

4. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
2023 2022
£    £   
Transact investments 700,000 -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Directors' current accounts 226,045 -

Page 4 continued...
Glendinning Assets Limited (Registered number: SC185169)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2023


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Tax - 104,553
Directors' current accounts - 272,319
Accruals and deferred income 1,500 1,500
1,500 378,372

Page 5