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REGISTERED NUMBER: SC267339 (Scotland)









GARSON INVESTMENTS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH APRIL 2023






GARSON INVESTMENTS LIMITED (REGISTERED NUMBER: SC267339)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH APRIL 2023




Page

Company Information 1

Chartered Certified Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


GARSON INVESTMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH APRIL 2023







DIRECTORS: William Brownie Garden
Douglas Stevenson



SECRETARY: William Brownie Garden



REGISTERED OFFICE: 4 Royal Crescent
Glasgow
G3 7SL



REGISTERED NUMBER: SC267339 (Scotland)



ACCOUNTANTS: russell + russell
Chartered Certified Accountants
4 Royal Crescent
Glasgow
G3 7SL



BANKERS: The Royal Bank of Scotland

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
GARSON INVESTMENTS LIMITED

The following reproduces the text of the report prepared for the directors 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 Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Garson Investments Limited for the year ended 30th April 2023 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Garson Investments Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Garson Investments Limited and state those matters that we have agreed to state to the Board of Directors of Garson Investments Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Garson Investments Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Garson Investments Limited. You consider that Garson Investments Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Garson Investments Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






russell + russell
Chartered Certified Accountants
4 Royal Crescent
Glasgow
G3 7SL


Date: .............................................

GARSON INVESTMENTS LIMITED (REGISTERED NUMBER: SC267339)

BALANCE SHEET
30TH APRIL 2023

30.4.23 30.4.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 22,000 22,000

CURRENT ASSETS
Debtors 5 128,837 118,837
Cash at bank and in hand 43,924 67,564
172,761 186,401
CREDITORS
Amounts falling due within one year 6 9,768 11,173
NET CURRENT ASSETS 162,993 175,228
TOTAL ASSETS LESS CURRENT
LIABILITIES

184,993

197,228

CREDITORS
Amounts falling due after more than one
year

7

154,635

154,635
NET ASSETS 30,358 42,593

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 30,258 42,493
SHAREHOLDERS' FUNDS 30,358 42,593

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

GARSON INVESTMENTS LIMITED (REGISTERED NUMBER: SC267339)

BALANCE SHEET - continued
30TH APRIL 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 Board of Directors and authorised for issue on 22nd November 2023 and were signed on its behalf by:





William Brownie Garden - Director


GARSON INVESTMENTS LIMITED (REGISTERED NUMBER: SC267339)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH APRIL 2023

1. STATUTORY INFORMATION

Garson Investments 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

The financial statements have been prepared on a going concern basis and there are no material uncertainties that cast significant doubt on the company's ability to trade as a going concern.

Turnover
The turnover shown in the profit and loss account represents royalty income receivable for the year.

Intangible fixed assets - royalty rights
Royalty rights are not amortised as it is considered that their useful lives are not limited. Their carrying values are reviewed annually by the directors to determine whether there has been any permanent impairment in value and any such reductions in their values are taken to the profit and loss account.

This is a departure from the requirements of the Companies Act 2006 which requires royalty rights to be amortised. The directors consider that to amortise them would not give a true and fair view. Amortisation is only one of many factors reflected in the valuation of royalty rights and accordingly the amount of amortisation which might otherwise have been charged cannot be separately identified or quantified.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either 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.

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.

Royalties receivable and payable
Royalty income is credited to the profit and loss account on a receivable basis. Royalties payable are charged against the relevant income of the same period.

3. EMPLOYEES AND DIRECTORS

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

GARSON INVESTMENTS LIMITED (REGISTERED NUMBER: SC267339)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2023

4. INTANGIBLE FIXED ASSETS
Royalty
rights
£   
COST
At 1st May 2022
and 30th April 2023 22,000
NET BOOK VALUE
At 30th April 2023 22,000
At 30th April 2022 22,000

Following an impairment review of the carrying value of royalty rights the directors have taken the view that there has been no significant reduction in the recoverable amount of this asset.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Other debtors 128,837 118,837

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Trade creditors 228 228
Taxation and social security 1,308 1,069
Other creditors 8,232 9,876
9,768 11,173

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.23 30.4.22
£    £   
Other creditors 154,635 154,635

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.23 30.4.22
value: £    £   
80 Ordinary £1 80 80
10 A Ordinary £1 10 10
10 B Ordinary £1 10 10
100 100

GARSON INVESTMENTS LIMITED (REGISTERED NUMBER: SC267339)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2023

9. RESERVES
Retained
earnings
£   

At 1st May 2022 42,493
Profit for the year 2,765
Dividends (15,000 )
At 30th April 2023 30,258

10. RELATED PARTY DISCLOSURES

B.G.S Productions Limited

W B Garden and D B Stevenson are directors and shareholders of B.G.S Productions Limited.

Included in debtors is £128,837 (2022: £118,837) owed by B.G.S Productions Limited to the company.


W B Garden

Included in creditors is £154,635 (2022: £154,635) owed to W B Garden, director and shareholder of the company. The amount bears no interest and is not repayable within 12 months.

11. ULTIMATE CONTROLLING PARTY

The company was under the control of William B. Garden throughout the current and previous year.