Company registration number SC295701 (Scotland)
GLENBURN DEVELOPMENTS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023
PAGES FOR FILING WITH REGISTRAR
GLENBURN DEVELOPMENTS LIMITED
COMPANY INFORMATION
Directors
Mr V McHugh
Mr F J McHugh
Secretary
Mr V McHugh
Company number
SC295701
Registered office
10 Upper Glenburn Road
Bearsden
Glasgow
United Kingdom
G61 4BW
Accountants
Azets
Titanium 1
King's Inch Place
Renfrew
Renfrewshire
United Kingdom
PA4 8WF
GLENBURN DEVELOPMENTS LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
GLENBURN DEVELOPMENTS LIMITED
BALANCE SHEET
AS AT 31 JANUARY 2023
31 January 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
20,000
20,000
Current assets
Cash at bank and in hand
20
20
Creditors: amounts falling due within one year
4
(5,694)
(4,976)
Net current liabilities
(5,674)
(4,956)
Net assets
14,326
15,044
Capital and reserves
Called up share capital
20
20
Profit and loss reserves
14,306
15,024
Total equity
14,326
15,044

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 January 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 24 October 2023 and are signed on its behalf by:
Mr V  McHugh
Director
Company Registration No. SC295701
GLENBURN DEVELOPMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023
- 2 -
1
Accounting policies
Company information

Glenburn Developments Limited is a private company limited by shares incorporated in Scotland. The registered office is 10 Upper Glenburn Road, Bearsden, Glasgow, United Kingdom, G61 4BW.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

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 financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings
No depreciation provided on freehold land

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.

1.3
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 current liabilities.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
-
0
-
0
GLENBURN DEVELOPMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2023
- 3 -
3
Tangible fixed assets
Land and buildings
£
Cost
At 1 February 2022 and 31 January 2023
20,000
Depreciation and impairment
At 1 February 2022 and 31 January 2023
-
0
Carrying amount
At 31 January 2023
20,000
At 31 January 2022
20,000
4
Creditors: amounts falling due within one year
2023
2022
£
£
Other creditors
5,694
4,976
2023-01-312022-02-01false24 October 2023CCH SoftwareCCH Accounts Production 2023.300No description of principal activityMr F J McHughMr F McHughMr V McHughfalseSC2957012022-02-012023-01-31SC295701bus:CompanySecretaryDirector12022-02-012023-01-31SC295701bus:Director12022-02-012023-01-31SC295701bus:CompanySecretary12022-02-012023-01-31SC295701bus:Director22022-02-012023-01-31SC295701bus:RegisteredOffice2022-02-012023-01-31SC2957012023-01-31SC2957012022-01-31SC295701core:LandBuildings2023-01-31SC295701core:LandBuildings2022-01-31SC295701core:CurrentFinancialInstrumentscore:WithinOneYear2023-01-31SC295701core:CurrentFinancialInstrumentscore:WithinOneYear2022-01-31SC295701core:ShareCapital2023-01-31SC295701core:ShareCapital2022-01-31SC295701core:RetainedEarningsAccumulatedLosses2023-01-31SC295701core:RetainedEarningsAccumulatedLosses2022-01-31SC295701core:LandBuildingscore:OwnedOrFreeholdAssets2022-02-012023-01-31SC2957012021-02-012022-01-31SC295701core:LandBuildings2022-01-31SC295701core:CurrentFinancialInstruments2023-01-31SC295701core:CurrentFinancialInstruments2022-01-31SC295701bus:PrivateLimitedCompanyLtd2022-02-012023-01-31SC295701bus:SmallCompaniesRegimeForAccounts2022-02-012023-01-31SC295701bus:FRS1022022-02-012023-01-31SC295701bus:AuditExemptWithAccountantsReport2022-02-012023-01-31SC295701bus:FullAccounts2022-02-012023-01-31xbrli:purexbrli:sharesiso4217:GBP