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REGISTERED NUMBER: SC704233 (Scotland)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

GARTSHORE GREEN LIMITED

GARTSHORE GREEN LIMITED (REGISTERED NUMBER: SC704233)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


GARTSHORE GREEN LIMITED

COMPANY INFORMATION
for the year ended 31 March 2024







DIRECTORS: P Sharp
E Sharp





REGISTERED OFFICE: Q Court
3 Quality Street
Edinburgh
EH4 5BP





REGISTERED NUMBER: SC704233 (Scotland)





ACCOUNTANTS: Haines Watts
Business Advisors and Accountants
Q Court
3 Quality Street
Edinburgh
EH4 5BP

GARTSHORE GREEN LIMITED (REGISTERED NUMBER: SC704233)

BALANCE SHEET
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investments 4 10,100 10,100

CURRENT ASSETS
Debtors 5 16,162 66
Cash at bank 1,520,267 899,995
1,536,429 900,061
CREDITORS
Amounts falling due within one year 6 6,842 5,421
NET CURRENT ASSETS 1,529,587 894,640
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,539,687

904,740

CAPITAL AND RESERVES
Called up share capital 7 10,000 10,000
Retained earnings 1,529,687 894,740
SHAREHOLDERS' FUNDS 1,539,687 904,740

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 September 2024 and were signed on its behalf by:




E Sharp - Director


GARTSHORE GREEN LIMITED (REGISTERED NUMBER: SC704233)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2024

1. STATUTORY INFORMATION

Gartshore Green 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.

PREPARATION OF CONSOLIDATED FINANCIAL STATEMENTS
The financial statements contain information about Gartshore Green Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

INVESTMENTS IN SUBSIDIARIES
Investments in subsidiary undertakings are recognised at cost.

The directors carry out an impairment review annually.

FINANCIAL INSTRUMENTS
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.

Short-term debt instruments, including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in the case of an out-right short-term loan not at market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.

Financial assets that are measured at cost and amortised cost 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 profit and loss account. For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.


GARTSHORE GREEN LIMITED (REGISTERED NUMBER: SC704233)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024

2. ACCOUNTING POLICIES - continued
TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2023
and 31 March 2024 10,100
NET BOOK VALUE
At 31 March 2024 10,100
At 31 March 2023 10,100

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 16,162 66

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 329 290
Amounts owed to group undertakings 972 2,234
Taxation and social security 4,059 -
Other creditors 1,482 2,897
6,842 5,421

GARTSHORE GREEN LIMITED (REGISTERED NUMBER: SC704233)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024

7. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 2024 2023
value: £    £   
NIL Ordinary £1.00 - 10,000
(2023 - 10,000 )
4,500 Ordinary A £1 4,500 -
4,500 Ordinary B £1 4,500 -
500 Ordinary C £1 500 -
500 Ordinary D £1 500 -
10,000 10,000

During the year, there was a share restructure which resulted in Ordinary shares being split into Ordinary A, Ordinary B, Ordinary C and Ordinary D shares.

Ordinary A, B, C and D shares rank parri passu in terms of equal voting rights, rights to a varying dividend as a class of share, equal rights to capital distributions and no redemption rights.

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
E Sharp
Balance outstanding at start of year (1,178 ) -
Amounts advanced 93,084 87,822
Amounts repaid (82,500 ) (89,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 9,406 (1,178 )

P Sharp
Balance outstanding at start of year (267 ) -
Amounts advanced 92,922 135,733
Amounts repaid (86,000 ) (136,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 6,655 (267 )

Interest of 2.25% is charged on overdrawn balances over £10,000. The loans are repayable on demand.

9. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.