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REGISTERED NUMBER: SC049855 (Scotland)















Unaudited Financial Statements

for the Year Ended 31 March 2023

for

Giffen & Bissett Limited

Giffen & Bissett Limited (Registered number: SC049855)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Giffen & Bissett Limited

Company Information
for the Year Ended 31 March 2023







DIRECTOR: M Shafique





REGISTERED OFFICE: Unit 3, Morris Park
37 Rosyth Road
Glasgow
G5 0YD





REGISTERED NUMBER: SC049855 (Scotland)





ACCOUNTANTS: R. G. Beattie & Co Ltd
Chartered Certified Accountants
121 Moffat Street
Glasgow
G5 OND

Giffen & Bissett Limited (Registered number: SC049855)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 425,000 425,000
Investments 5 100 100
425,100 425,100

CURRENT ASSETS
Debtors 6 290,990 290,990
Cash at bank 4,627 4,627
295,617 295,617
CREDITORS
Amounts falling due within one year 7 60,497 60,497
NET CURRENT ASSETS 235,120 235,120
TOTAL ASSETS LESS CURRENT
LIABILITIES

660,220

660,220

PROVISIONS FOR LIABILITIES 6,346 6,346
NET ASSETS 653,874 653,874

CAPITAL AND RESERVES
Called up share capital 8 6,000 6,000
Revaluation reserve 9 95,993 95,993
Retained earnings 551,881 551,881
SHAREHOLDERS' FUNDS 653,874 653,874

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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.

Giffen & Bissett Limited (Registered number: SC049855)

Balance Sheet - continued
31 March 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 27 November 2023 and were signed by:





M Shafique - Director


Giffen & Bissett Limited (Registered number: SC049855)

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

1. STATUTORY INFORMATION

Giffen & Bissett 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.

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.

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 year 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.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 April 2022
and 31 March 2023 425,000
NET BOOK VALUE
At 31 March 2023 425,000
At 31 March 2022 425,000

Giffen & Bissett Limited (Registered number: SC049855)

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

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2022
and 31 March 2023 100
NET BOOK VALUE
At 31 March 2023 100
At 31 March 2022 100

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Other debtors 24,144 24,144
Loans to Related Companies 50,000 50,000
Loan to Parent Company 216,846 216,846
290,990 290,990

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Tax (26,878 ) (26,878 )
Amount owed to Subsidiary Co. 13,831 13,831
Directors' current accounts 46,766 46,766
Accrued expenses 26,778 26,778
60,497 60,497

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
6,001 Ordinary £1 6,000 6,000

9. RESERVES
Revaluation
reserve
£   
At 1 April 2022
and 31 March 2023 95,993