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REGISTERED NUMBER: SC298431 (Scotland)















Financial Statements for the Year Ended 31 March 2023

for

Gillander Properties Limited

Gillander Properties Limited (Registered number: SC298431)






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

Report of the Accountant 6

Gillander Properties Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: D G Bruce
L M Bruce





REGISTERED OFFICE: 3 Craigmill Cottages
Back Row
Bridgefoot
Dundee
DD3 0PH





REGISTERED NUMBER: SC298431 (Scotland)





ACCOUNTANT: Lisa Barclay Accountancy Services Limited
PO Box 7003
Forfar
Angus
DD8 0BA

Gillander Properties Limited (Registered number: SC298431)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 286,069 286,069

CURRENT ASSETS
Debtors 5 300 300
Cash at bank 9,493 6,288
9,793 6,588
CREDITORS
Amounts falling due within one year 6 180,366 175,450
NET CURRENT LIABILITIES (170,573 ) (168,862 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

115,496

117,207

CREDITORS
Amounts falling due after more than one
year

7

82,088

87,470
NET ASSETS 33,408 29,737

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 33,406 29,735
SHAREHOLDERS' FUNDS 33,408 29,737

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 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.

Gillander Properties Limited (Registered number: SC298431)

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 Board of Directors and authorised for issue on 13 November 2023 and were signed on its behalf by:





D G Bruce - Director


Gillander Properties Limited (Registered number: SC298431)

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

1. STATUTORY INFORMATION

Gillander Properties 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.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 2 (2022 - 2 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022
and 31 March 2023 286,069
NET BOOK VALUE
At 31 March 2023 286,069
At 31 March 2022 286,069

Gillander Properties Limited (Registered number: SC298431)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 300 300

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 602 -
Other creditors 179,764 175,450
180,366 175,450

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 82,088 87,470

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 76,706 81,922

8. RELATED PARTY DISCLOSURES

The company was under the control of D G Bruce and L M Bruce throughout the current and previous year. D G Bruce and L M Bruce hold 100% of the shares and D G Bruce is the Managing Director.

No dividends were paid during the year.

Included in Other Creditors is a balance of £179,464 (2022 - £174,825) in respect of the Directors Loan Accounts. During the year, £4,639 (2022 - £5,171) was advanced to the company and £Nil (2022 - £10,000) was repaid to the director. No interest is payable on amounts advanced to the company.

Gillander Properties Limited

Report of the Accountant to the Directors of
Gillander Properties 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.

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

In accordance with your instructions, I 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 me.






Lisa Barclay Accountancy Services Limited
PO Box 7003
Forfar
Angus
DD8 0BA


13 November 2023