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REGISTERED NUMBER: SC326313 (Scotland)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

Bannerman and Bannerman Limited

Bannerman and Bannerman Limited (Registered number: SC326313)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Bannerman and Bannerman Limited

Company Information
for the Year Ended 30 June 2024







DIRECTOR: Ms J S Bannerman





SECRETARY: Ms J S Bannerman





REGISTERED OFFICE: 62 Manse Road
Bearsden
Glasgow
G61 3PN





REGISTERED NUMBER: SC326313 (Scotland)





ACCOUNTANTS: Clements
Chartered Accountants
39 St Vincent Place
Glasgow
G1 2ER

Bannerman and Bannerman Limited (Registered number: SC326313)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Investments 4 1,240,363 1,240,363

CURRENT ASSETS
Debtors 5 - 26,716

CREDITORS
Amounts falling due within one year 6 1,216,597 1,266,443
NET CURRENT LIABILITIES (1,216,597 ) (1,239,727 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

23,766

636

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 23,666 536
SHAREHOLDERS' FUNDS 23,766 636

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Bannerman and Bannerman Limited (Registered number: SC326313)

Balance Sheet - continued
30 June 2024



The financial statements were approved by the director and authorised for issue on 17 October 2024 and were signed by:





Ms J S Bannerman - Director


Bannerman and Bannerman Limited (Registered number: SC326313)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Bannerman and Bannerman 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.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Financial instruments
The company only has basic financial assets and liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

Taxation
Taxation for the year comprises current and deferred tax.

The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

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 July 2023
and 30 June 2024 1,240,363
NET BOOK VALUE
At 30 June 2024 1,240,363
At 30 June 2023 1,240,363

Bannerman and Bannerman Limited (Registered number: SC326313)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

4. FIXED ASSET INVESTMENTS - continued

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Stronvar Limited
Registered office: 62 Manse Road, Bearsden, Glasgow, G61 3PN.
Nature of business: Pharmacy
%
Class of shares: holding
Ordinary £1 shares 100.00
30.6.24 30.6.23
£    £   
Aggregate capital and reserves 419,679 375,802
Profit for the year 85,027 58,209

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Amounts owed by group undertakings - 26,716

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Other creditors 1,216,597 1,266,443

Included in other creditors is the director's current account which is unsecured, interest free and repayable on demand.

7. RELATED PARTY DISCLOSURES

Dividends paid to the director and her family totalled £16,667 (2023 - £50,000).