IRIS Accounts Production v23.3.0.418 SC415592 director 1.2.22 30.1.23 30.1.23 false true false false true false Fair value model Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC4155922022-01-31SC4155922023-01-30SC4155922022-02-012023-01-30SC4155922021-01-31SC4155922021-02-012022-01-31SC4155922022-01-31SC415592ns10:Originalns15:Scotland2022-02-012023-01-30SC415592ns14:PoundSterlingns10:Original2022-02-012023-01-30SC415592ns10:Originalns10:Director12022-02-012023-01-30SC415592ns10:Original2022-02-012023-01-30SC415592ns10:Original2023-01-30SC415592ns10:Originalns10:PrivateLimitedCompanyLtd2022-02-012023-01-30SC415592ns10:Originalns10:SmallEntities2022-02-012023-01-30SC415592ns10:Originalns10:AuditExempt-NoAccountantsReport2022-02-012023-01-30SC415592ns10:SmallCompaniesRegimeForAccountsns10:Original2022-02-012023-01-30SC415592ns10:Originalns10:FullAccounts2022-02-012023-01-30SC415592ns10:Originalns10:OrdinaryShareClass12022-02-012023-01-30SC415592ns10:Originalns10:RegisteredOffice2022-02-012023-01-30SC415592ns10:Original2022-01-31SC415592ns10:Originalns5:CurrentFinancialInstruments2023-01-30SC415592ns10:Originalns5:CurrentFinancialInstruments2022-01-31SC415592ns5:ShareCapitalns10:Original2023-01-30SC415592ns5:ShareCapitalns10:Original2022-01-31SC415592ns10:Originalns5:FurtherSpecificReserve1ComponentTotalEquity2023-01-30SC415592ns10:Originalns5:FurtherSpecificReserve1ComponentTotalEquity2022-01-31SC415592ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-01-30SC415592ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-01-31SC415592ns10:Originalns5:PlantMachinery2022-02-012023-01-30SC415592ns10:Original2021-02-012022-01-31SC415592ns10:Originalns5:PlantMachinery2022-01-31SC415592ns10:Originalns5:PlantMachinery2023-01-30SC415592ns10:Originalns5:PlantMachinery2022-01-31SC415592ns10:Original2022-01-31SC415592ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-01-30SC415592ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-01-31SC415592ns10:Originalns10:OrdinaryShareClass12023-01-30
REGISTERED NUMBER: SC415592 (Scotland)













UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

1 FEBRUARY 2022 TO 30 JANUARY 2023

FOR

BEN LOMOND (GLASGOW) LTD

BEN LOMOND (GLASGOW) LTD (REGISTERED NUMBER: SC415592)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 FEBRUARY 2022 TO 30 JANUARY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BEN LOMOND (GLASGOW) LTD

COMPANY INFORMATION
FOR THE PERIOD 1 FEBRUARY 2022 TO 30 JANUARY 2023







DIRECTOR: S J McKechnie





REGISTERED OFFICE: 6th Floor
Gordon Chambers
90 Mitchell Street
Glasgow
G1 3NQ





REGISTERED NUMBER: SC415592 (Scotland)





ACCOUNTANTS: Cornerstone Accountants
6th Floor
Gordon Chambers
90 Mitchell Street
Glasgow
Lanarkshire
G1 3NQ

BEN LOMOND (GLASGOW) LTD (REGISTERED NUMBER: SC415592)

BALANCE SHEET
30 JANUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1 1
Investment property 5 5,005,000 4,675,000
5,005,001 4,675,001

CURRENT ASSETS
Debtors 6 3,678 3,513
Cash at bank and in hand 8,281 50,040
11,959 53,553
CREDITORS
Amounts falling due within one year 7 2,192,577 2,207,071
NET CURRENT LIABILITIES (2,180,618 ) (2,153,518 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,824,383

2,521,483

PROVISIONS FOR LIABILITIES 568,031 325,077
NET ASSETS 2,256,352 2,196,406

CAPITAL AND RESERVES
Called up share capital 8 2 2
Other reserves 1,804,092 1,617,044
Retained earnings 452,258 579,360
SHAREHOLDERS' FUNDS 2,256,352 2,196,406

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 January 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 January 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.

BEN LOMOND (GLASGOW) LTD (REGISTERED NUMBER: SC415592)

BALANCE SHEET - continued
30 JANUARY 2023


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 12 October 2023 and were signed by:





S J McKechnie - Director


BEN LOMOND (GLASGOW) LTD (REGISTERED NUMBER: SC415592)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 FEBRUARY 2022 TO 30 JANUARY 2023

1. STATUTORY INFORMATION

Ben Lomond (Glasgow) Ltd 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 as modified by the revaluation of certain assets.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on a straight line basis

Taxation
Taxation for the period 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Investment property
In accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), Investment properties are valued at their open market value at the balance sheet date. Any surplus on revaluation is transferred to the investment property revaluation reserve. Any deficit is deducted from the investment property revaluation reserve, except for permanent diminution in value, which are charged to the profit and loss account.

No depreciation is provided in respect of freehold investment properties and leasehold investment properties with over 20 years to expiry in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008). This treatment is contrary to the requirements of the Companies Act 2006 which requires all properties to be depreciated. Such properties are held for investment and not for consumption and the directors consider that to depreciate them would not give a true and fair view. If this departure from the Act had not been made, the profit for the financial period would be reduced by depreciation charges. However, depreciation is only one of the factors reflected at the balance sheet date valuation and the amount that might otherwise have been shown cannot be separately identified or quantified.

BEN LOMOND (GLASGOW) LTD (REGISTERED NUMBER: SC415592)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 FEBRUARY 2022 TO 30 JANUARY 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2022
and 30 January 2023 3,770
DEPRECIATION
At 1 February 2022
and 30 January 2023 3,769
NET BOOK VALUE
At 30 January 2023 1
At 31 January 2022 1

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2022 4,675,000
Additions 50,000
Revaluations 280,000
At 30 January 2023 5,005,000
NET BOOK VALUE
At 30 January 2023 5,005,000
At 31 January 2022 4,675,000

Fair value at 30 January 2023 is represented by:
£   
Valuation in 2021 2,372,123
Cost 2,632,877
5,005,000

The properties were revalued during the year at market value by Allied Surveyors Scotland PL Chartered Surveyors.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 3,678 3,513

BEN LOMOND (GLASGOW) LTD (REGISTERED NUMBER: SC415592)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 FEBRUARY 2022 TO 30 JANUARY 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 5,372 20,116
Other creditors 2,187,205 2,186,955
2,192,577 2,207,071

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2 Ordinary £1 2 2