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REGISTERED NUMBER: SC431913 (Scotland)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

GANTEN SCOTLAND LIMITED

GANTEN SCOTLAND LIMITED (REGISTERED NUMBER: SC431913)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


GANTEN SCOTLAND LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: Mr Jingliang (Michael) Zhou
Mrs Xiao (Amanda) Chun Gu
Mr Jun Zhou



SECRETARY: Mrs Xiao (Amanda) Chun Gu



REGISTERED OFFICE: Estate Office
Blairquhan Estate
Maybole
Ayrshire
KA19 7LZ



REGISTERED NUMBER: SC431913 (Scotland)



ACCOUNTANTS: Stewart Gilmour & Co.
Chartered Accountants
24 Beresford Terrace
Ayr
KA7 2EG



BANKERS: Bank of China (UK) Limited
450 Sauchiehall Street
Glasgow
G2 3JD



SOLICITORS: Brodies LLP
110 Queen Street
Glasgow
G1 3BX

GANTEN SCOTLAND LIMITED (REGISTERED NUMBER: SC431913)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,273,837 3,351,172

CURRENT ASSETS
Stocks 3,250 3,813
Debtors 5 9,876 5,042
Cash at bank and in hand 1,272,924 1,395,189
1,286,050 1,404,044
CREDITORS
Amounts falling due within one year 6 2,752,163 2,737,687
NET CURRENT LIABILITIES (1,466,113 ) (1,333,643 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,807,724

2,017,529

CAPITAL AND RESERVES
Called up share capital 7 110 110
Share premium 4,589,089 4,589,089
Retained earnings (2,781,475 ) (2,571,670 )
SHAREHOLDERS' FUNDS 1,807,724 2,017,529

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

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

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 31 May 2024 and were signed on its behalf by:





Mrs Xiao (Amanda) Chun Gu - Director


GANTEN SCOTLAND LIMITED (REGISTERED NUMBER: SC431913)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Ganten Scotland 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.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Heritable property - 2% on cost
Castle historic fixtures and fittings - 2% on cost
Other fixtures and equipment - 10% on cost
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date unless covered in aggregate by cumulative tax losses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2022 - 15 ) .

GANTEN SCOTLAND LIMITED (REGISTERED NUMBER: SC431913)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

4. TANGIBLE FIXED ASSETS
Castle
historic Other
fixtures fixtures
Heritable and and Motor
property fittings equipment vehicles Totals
£    £    £    £    £   
COST
At 1 January 2023 3,675,180 432,155 477,359 29,616 4,614,310
Additions 40,760 - 11,786 - 52,546
At 31 December 2023 3,715,940 432,155 489,145 29,616 4,666,856
DEPRECIATION
At 1 January 2023 710,535 87,151 442,942 22,510 1,263,138
Charge for year 74,319 8,643 45,142 1,777 129,881
At 31 December 2023 784,854 95,794 488,084 24,287 1,393,019
NET BOOK VALUE
At 31 December 2023 2,931,086 336,361 1,061 5,329 3,273,837
At 31 December 2022 2,964,645 345,004 34,417 7,106 3,351,172

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 8,232 5,042
Other debtors 1,644 -
9,876 5,042

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 8,505 10,483
Amounts owed to group undertakings 2,366,051 2,366,051
Taxation and social security 5,022 8,364
Other creditors 372,585 352,789
2,752,163 2,737,687

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100
10 Ordinary 'A' £1 10 10
110 110

GANTEN SCOTLAND LIMITED (REGISTERED NUMBER: SC431913)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

8. ULTIMATE CONTROLLING PARTY

The controlling party is Mr Jingliang (Michael) Zhou.

This is through Mr Zhou's combined shareholdings in the immediate and ultimate parent companies.