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GLENTANAR INVESTMENTS LIMITED

Registered Number
SC552527
(Scotland)

Unaudited Financial Statements for the Year ended
31 December 2023

GLENTANAR INVESTMENTS LIMITED
Company Information
for the year from 1 January 2023 to 31 December 2023

Director

STRACHAN, Athol Gordon

Registered Address

East Lodge Greenwell Road
East Tullos
Aberdeen
AB12 3AX

Registered Number

SC552527 (Scotland)
GLENTANAR INVESTMENTS LIMITED
Balance Sheet as at
31 December 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Intangible assets36,1668,166
Tangible assets417,13626,527
23,30234,693
Current assets
Stocks58,1747,606
Debtors34,79044,173
Cash at bank and on hand15,83631,712
58,80083,491
Creditors amounts falling due within one year6(90,283)(92,097)
Net current assets (liabilities)(31,483)(8,606)
Total assets less current liabilities(8,181)26,087
Creditors amounts falling due after one year7(14,167)(24,167)
Net assets(22,348)1,920
Capital and reserves
Called up share capital100100
Profit and loss account(22,448)1,820
Shareholders' funds(22,348)1,920
The financial statements were approved and authorised for issue by the Director on 7 August 2024, and are signed on its behalf by:
STRACHAN, Athol Gordon
Director
Registered Company No. SC552527
GLENTANAR INVESTMENTS LIMITED
Notes to the Financial Statements
for the year ended 31 December 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Intangible assets
Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 10 years.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:
Stocks and work in progress
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
2.Average number of employees

20232022
Average number of employees during the year77
3.Intangible assets

Goodwill

Total

££
Cost or valuation
At 01 January 2320,00020,000
At 31 December 2320,00020,000
Amortisation and impairment
At 01 January 2311,83411,834
Charge for year2,0002,000
At 31 December 2313,83413,834
Net book value
At 31 December 236,1666,166
At 31 December 228,1668,166
4.Tangible fixed assets

Land & buildings

Fixtures & fittings

Office Equipment

Total

££££
Cost or valuation
At 01 January 2394,88020,19211,831126,903
Additions--1,0201,020
At 31 December 2394,88020,19212,851127,923
Depreciation and impairment
At 01 January 2377,46811,28711,621100,376
Charge for year7,3272,88819610,411
At 31 December 2384,79514,17511,817110,787
Net book value
At 31 December 2310,0856,0171,03417,136
At 31 December 2217,4128,90521026,527
5.Stocks

2023

2022

££
Raw materials and consumables8,1747,606
Total8,1747,606
6.Creditors: amounts due within one year

2023

2022

££
Trade creditors / trade payables22,42423,170
Bank borrowings and overdrafts10,00010,000
Taxation and social security9,68210,338
Other creditors45,28145,600
Accrued liabilities and deferred income2,8962,989
Total90,28392,097
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
7.Creditors: amounts due after one year

2023

2022

££
Bank borrowings and overdrafts14,16724,167
Total14,16724,167