Company registration number SC292915 (Scotland)
GLENIFFER ESTATES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023
PAGES FOR FILING WITH REGISTRAR
GLENIFFER ESTATES LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
GLENIFFER ESTATES LIMITED
BALANCE SHEET
AS AT
30 NOVEMBER 2023
30 November 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Investments
3
2,000
2,000
Current assets
Debtors
4
10,496
10,496
Net current assets
10,496
10,496
Net assets
12,496
12,496
Capital and reserves
Called up share capital
6,250
6,250
Capital redemption reserve
6,250
6,250
Profit and loss reserves
(4)
(4)
Total equity
12,496
12,496
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 26 August 2024 and are signed on its behalf by:
MR B WILSON
Mr B Wilson
Director
Company Registration No. SC292915
GLENIFFER ESTATES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023
- 2 -
1
Accounting policies
Company information
Gleniffer Estates Limited is a private company limited by shares incorporated in Scotland. The registered office is c/o Anderson Anderson & Brown LLP, 133 Finnieston Street, Glasgow, G3 8HB.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Going concern
Atruet the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The directors undertake to supply funds to allow the company as and when required to meet its debts as they fall due, as such these accounts are prepared on the going concern basis.
1.3
Fixed asset investments
Investments in subsidiary undertakings are recognised at cost.
1.4
Cash and cash equivalents
Cash and cash equivalents in the balance sheet comprise cash at bank with a short term of maturity, being twelve months or less, from the opening of the deposit or similar account.
1.5
Financial instruments
The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors. These are measured at amortised cost and are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of comprehensive income.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2023
2022
Number
Number
Total
2
2
GLENIFFER ESTATES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2023
- 3 -
3
Fixed asset investments
2023
2022
£
£
Shares in group undertakings and participating interests
2,000
2,000
The company's Investments at the Balance Sheet date in the share capital of companies included the following:
Leven Land Limited
Nature of business: Property development
Class of shares: A Ordinary shares (100% holding)
2023
2022
£
£
Aggregate capital and reserves
(175,275)
(171,327)
Profit/(loss) for the year
(3,948)
(9,304)
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Other debtors
10,496
10,496
5
Related party transactions
At the year end date Gleniffer Estates Limited was owed £10,496 (2022: £10,496) by its 100% subsidiary Leven Land Limited.
6
Parent company
The ultimate controlling parties are the directors, Bryan Wilson and Maureen Wilson.