IRIS Accounts Production v23.3.1.45 14076359 Board of Directors Board of Directors 28.4.22 30.4.23 30.4.23 false true false false true false Fair value model 2000 100 1900 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh140763592022-04-27140763592023-04-30140763592022-04-282023-04-30140763592022-04-2714076359ns10:Originalns15:EnglandWales2022-04-282023-04-3014076359ns14:PoundSterlingns10:Original2022-04-282023-04-3014076359ns10:Originalns10:Director12022-04-282023-04-3014076359ns10:Original2022-04-282023-04-3014076359ns10:Originalns10:Director22022-04-282023-04-3014076359ns10:Original2023-04-3014076359ns10:Originalns10:PrivateLimitedCompanyLtd2022-04-282023-04-3014076359ns10:Originalns10:SmallEntities2022-04-282023-04-3014076359ns10:Originalns10:AuditExempt-NoAccountantsReport2022-04-282023-04-3014076359ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-04-282023-04-3014076359ns10:SmallCompaniesRegimeForAccountsns10:Original2022-04-282023-04-3014076359ns10:Originalns10:FullAccounts2022-04-282023-04-3014076359ns10:Original42ns10:Director22022-04-282023-04-3014076359ns10:Original42ns10:Director22023-04-3014076359ns10:Originalns10:RegisteredOffice2022-04-282023-04-3014076359ns10:Originalns5:CurrentFinancialInstruments2023-04-3014076359ns5:ShareCapitalns10:Original2023-04-3014076359ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-04-3014076359ns10:Originalns5:PlantMachinery2022-04-282023-04-3014076359ns10:Originalns5:PlantMachinery2023-04-3014076359ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-04-3014076359ns10:Original1ns10:Director12022-04-2714076359ns10:Original1ns10:Director12022-04-282023-04-3014076359ns10:Original1ns10:Director12023-04-30
REGISTERED NUMBER: 14076359 (England and Wales)















Unaudited Financial Statements

for the Period 28 April 2022 to 30 April 2023

for

Glenagowan Asset Management Limited

Glenagowan Asset Management Limited (Registered number: 14076359)






Contents of the Financial Statements
for the Period 28 April 2022 to 30 April 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Glenagowan Asset Management Limited

Company Information
for the Period 28 April 2022 to 30 April 2023







DIRECTORS: K D McCarthy
Mrs J L McCarthy





REGISTERED OFFICE: The Small House
Siston Court
Siston Lane
Bristol
BS16 9LU





REGISTERED NUMBER: 14076359 (England and Wales)





ACCOUNTANTS: P B Accountancy Ltd
17 Duckmoor Road
Ashton
Bristol
BS3 2DD

Glenagowan Asset Management Limited (Registered number: 14076359)

Balance Sheet
30 April 2023

Notes £    £   
FIXED ASSETS
Tangible assets 4 1,523
Investment property 5 2,151,432
2,152,955

CURRENT ASSETS
Debtors 6 19,123
Cash at bank 91,765
110,888
CREDITORS
Amounts falling due within one year 7 2,223,352
NET CURRENT LIABILITIES (2,112,464 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

40,491

CAPITAL AND RESERVES
Called up share capital 103
Retained earnings 40,388
SHAREHOLDERS' FUNDS 40,491

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

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

Glenagowan Asset Management Limited (Registered number: 14076359)

Balance Sheet - continued
30 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 7 December 2023 and were signed on its behalf by:




K D McCarthy - Director



Mrs J L McCarthy - Director


Glenagowan Asset Management Limited (Registered number: 14076359)

Notes to the Financial Statements
for the Period 28 April 2022 to 30 April 2023

1. STATUTORY INFORMATION

Glenagowan Asset Management Limited is a private company, limited by shares , registered in England and Wales. 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.

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 - 33% on cost and 25% on reducing balance

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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 .

Glenagowan Asset Management Limited (Registered number: 14076359)

Notes to the Financial Statements - continued
for the Period 28 April 2022 to 30 April 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 2,050
At 30 April 2023 2,050
DEPRECIATION
Charge for period 527
At 30 April 2023 527
NET BOOK VALUE
At 30 April 2023 1,523

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 2,151,432
At 30 April 2023 2,151,432
NET BOOK VALUE
At 30 April 2023 2,151,432

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 10,378
Other debtors 8,745
19,123

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 902
Amounts owed to participating interests 2,200,000
Taxation and social security 9,446
Other creditors 13,004
2,223,352

Glenagowan Asset Management Limited (Registered number: 14076359)

Notes to the Financial Statements - continued
for the Period 28 April 2022 to 30 April 2023

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the period ended 30 April 2023:

£   
K D McCarthy and Mrs J L McCarthy
Balance outstanding at start of period -
Amounts repaid (100 )
Amounts written off -
Amounts waived -
Balance outstanding at end of period 1,900

Directors loan account has been repaid in full on 30 November 2023.