1 January 2023 false No description of principal activity Taxfiler 2024.5 SC063313business:PrivateLimitedCompanyLtd2023-01-012023-12-31 SC0633132022-12-31 SC0633132023-01-012023-12-31 SC063313business:AuditExempt-NoAccountantsReport2023-01-012023-12-31 SC063313business:FilletedAccounts2023-01-012023-12-31 SC0633132023-12-31 SC063313business:Director12023-01-012023-12-31 SC063313business:Director22023-01-012023-12-31 SC063313business:RegisteredOffice2023-01-012023-12-31 SC0633132022-12-31 SC063313core:WithinOneYear2023-12-31 SC063313core:WithinOneYear2022-12-31 SC063313core:AfterOneYear2023-12-31 SC063313core:AfterOneYear2022-12-31 SC063313core:ShareCapitalcore:PreviouslyStatedAmount2023-12-31 SC063313core:ShareCapitalcore:PreviouslyStatedAmount2022-12-31 SC063313core:InvestmentPropertiesRevaluationReservecore:PreviouslyStatedAmount2023-12-31 SC063313core:InvestmentPropertiesRevaluationReservecore:PreviouslyStatedAmount2022-12-31 SC063313core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-12-31 SC063313core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-12-31 SC063313core:PreviouslyStatedAmount2023-12-31 SC063313core:PreviouslyStatedAmount2022-12-31 SC063313business:SmallEntities2023-01-012023-12-31 SC063313countries:Scotland2023-01-012023-12-31 SC063313core:DisposalsRepaymentsInvestments2023-12-31 SC063313core:WithinOneYear2023-01-012023-12-31 SC063313core:AfterOneYear2023-01-012023-12-31 SC0633132022-01-012022-12-31 iso4217:GBP xbrli:pure
Company Registration No. SC063313 (Scotland)
GLENAPPIN LIMITED Unaudited accounts for the year ended 31 December 2023
GLENAPPIN LIMITED Unaudited accounts Contents
Page
- 2 -
GLENAPPIN LIMITED Company Information for the year ended 31 December 2023
Directors
Alastair Napier Mrs. Audrey Napier
Company Number
SC063313 (Scotland)
Registered Office
Taypark Isla Road Perth PH2 7HQ
Accountants
Hawkstane Accountants Brantwoode Ferntower Road Crieff PH7 3DH
- 3 -
GLENAPPIN LIMITED Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Investment property
2,354,000 
2,784,000 
Investments
- 
189,848 
2,354,000 
2,973,848 
Current assets
Debtors
- 
168,619 
Cash at bank and in hand
64,708 
155,690 
64,708 
324,309 
Creditors: amounts falling due within one year
(587,120)
(624,455)
Net current liabilities
(522,412)
(300,146)
Total assets less current liabilities
1,831,588 
2,673,702 
Creditors: amounts falling due after more than one year
(47,058)
(471,658)
Provisions for liabilities
Deferred tax
(179,380)
(211,035)
Net assets
1,605,150 
1,991,009 
Capital and reserves
Called up share capital
4,212 
4,212 
Fair value reserve
1,811,853 
1,917,253 
Profit and loss account
(210,915)
69,544 
Shareholders' funds
1,605,150 
1,991,009 
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 17 September 2024 and were signed on its behalf by
Mrs. Audrey Napier Director Company Registration No. SC063313
- 4 -
GLENAPPIN LIMITED Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
GLENAPPIN LIMITED is a private company, limited by shares, registered in Scotland, registration number SC063313. The registered office is Taypark, Isla Road, Perth, PH2 7HQ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
Turnover
Turnover comprises rental income from in the United Kingdom .. Rental income is recognised in the period in which it is receivable.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Taxation
Taxation for the year comprises current and deferred tax.
4
Investment property
2023 
£ 
Fair value at 1 January 2023
2,784,000 
Disposals
(430,000)
At 31 December 2023
2,354,000 
If investment properties had not been revalued they would have been included at the following historic cost ( 2023 £622,203 ) ( 2022 £719,562 ) . Investment properties were valued on an open market basis on 31 December 2021 by the directors.
- 5 -
GLENAPPIN LIMITED Notes to the Accounts for the year ended 31 December 2023
5
Investments
Other investments 
£ 
Valuation at 1 January 2023
189,848 
Disposals
(189,848)
Valuation at 31 December 2023
- 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Amounts due from group undertakings etc.
- 
168,619 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
11,693 
12,450 
Loans from directors
570,227 
606,736 
Accruals
5,200 
2,500 
Deferred income
- 
2,769 
587,120 
624,455 
Directors loan account Audrey Napier £584753 ( £606736 -2022 ) included in above totals.
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
47,058 
471,658 
The bank loans of £47,058 is supported by standard securities over various properties and a floating charge over all assets of the company. The loan is repayable in one instalment and is on an interest only basis.
9
Controlling party
The company is controlled by the director Mrs A R Napier.
10
Average number of employees
During the year the average number of employees was 2 (2022: 2).
- 6 -