Caseware UK (AP4) 2023.0.135 2023.0.135 2024-01-312024-01-31false2022-11-01No description of principal activityfalse11truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. SC676502 2022-11-01 2024-01-31 SC676502 2021-11-01 2022-10-31 SC676502 2024-01-31 SC676502 2022-10-31 SC676502 c:Director1 2022-11-01 2024-01-31 SC676502 c:RegisteredOffice 2022-11-01 2024-01-31 SC676502 d:CurrentFinancialInstruments 2024-01-31 SC676502 d:CurrentFinancialInstruments 2022-10-31 SC676502 d:Non-currentFinancialInstruments 2024-01-31 SC676502 d:Non-currentFinancialInstruments 2022-10-31 SC676502 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 SC676502 d:CurrentFinancialInstruments d:WithinOneYear 2022-10-31 SC676502 d:Non-currentFinancialInstruments d:AfterOneYear 2024-01-31 SC676502 d:Non-currentFinancialInstruments d:AfterOneYear 2022-10-31 SC676502 d:ShareCapital 2024-01-31 SC676502 d:ShareCapital 2022-10-31 SC676502 d:RetainedEarningsAccumulatedLosses 2024-01-31 SC676502 d:RetainedEarningsAccumulatedLosses 2022-10-31 SC676502 c:OrdinaryShareClass1 2022-11-01 2024-01-31 SC676502 c:OrdinaryShareClass1 2024-01-31 SC676502 c:OrdinaryShareClass1 2022-10-31 SC676502 c:FRS102 2022-11-01 2024-01-31 SC676502 c:AuditExempt-NoAccountantsReport 2022-11-01 2024-01-31 SC676502 c:FullAccounts 2022-11-01 2024-01-31 SC676502 c:PrivateLimitedCompanyLtd 2022-11-01 2024-01-31 SC676502 e:PoundSterling 2022-11-01 2024-01-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: SC676502










GLENBRAE TRADING (PROPERTY) LIMITED
FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2024

 
GLENBRAE TRADING (PROPERTY) LIMITED
 

COMPANY INFORMATION


Director
Mrs A Ferguson 




Registered number
SC676502



Registered office
South Balnoon Farm
Forgue

Huntly

Aberdeenshire

AB54 6DH




Accountants
EQ Accountants Limited
Chartered Accountants

Westby

64 West High Street

Forfar

Angus

DD8 1BJ





 
GLENBRAE TRADING (PROPERTY) LIMITED
REGISTERED NUMBER: SC676502

STATEMENT OF FINANCIAL POSITION
AS AT 31 JANUARY 2024

31 January
31 October
2024
2022
£
£

  

CURRENT ASSETS
  

Stocks
  
849,882
152,970

Debtors: amounts falling due within one year
 4 
2,831
-

Cash at bank and in hand
  
155
446

  
852,868
153,416

Creditors: amounts falling due within one year
 5 
(644,958)
(156,576)

NET CURRENT ASSETS/(LIABILITIES)
  
 
 
207,910
 
 
(3,160)

TOTAL ASSETS LESS CURRENT LIABILITIES
  
207,910
(3,160)

Creditors: amounts falling due after more than one year
  
(220,000)
-

  

NET LIABILITIES
  
(12,090)
(3,160)


CAPITAL AND RESERVES
  

Called up share capital 
 7 
100
100

Profit and loss account
  
(12,190)
(3,260)

  
(12,090)
(3,160)


Page 1

 
GLENBRAE TRADING (PROPERTY) LIMITED
REGISTERED NUMBER: SC676502

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 JANUARY 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 30 October 2024.




Mrs A Ferguson
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
GLENBRAE TRADING (PROPERTY) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2024

1.


GENERAL INFORMATION

Glenbrae Trading (Property) Limited is a private company, limited by shares, incorporated in Scotland with registration number SC676502. The registered office is South Balnoon Farm, Forgue, Huntly, AB54 6DH.
The Company's functional and presentational currency is GBP.

2.ACCOUNTING POLICIES

 
2.1

BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

STOCKS

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

Page 3

 
GLENBRAE TRADING (PROPERTY) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2024

3.


EMPLOYEES




The average monthly number of employees, including directors, during the period was 1 (2022 - 1).


4.


DEBTORS

31 January
31 October
2024
2022
£
£


Other debtors
2,831
-

2,831
-



5.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31 January
31 October
2024
2022
£
£

Other loans
257,394
77,134

Other creditors
339,683
75,216

Accruals and deferred income
47,881
4,226

644,958
156,576


The following liabilities were secured:

31 January
31 October
2024
2022
£
£


Other loans
254,394
77,134

254,394
77,134

Details of security provided:

The loan is secured by a charge over land at Plot 3 Strewiebank Farm and a floating charge over the assets of the company.

Page 4

 
GLENBRAE TRADING (PROPERTY) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2024

6.


CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31 January
31 October
2024
2022
£
£

Other loans
220,000
-

220,000
-


The following liabilities were secured:

31 January
31 October
2024
2022
£
£



Other loans
220,000
-

220,000
-

Details of security provided:

The loan is secured by a charge over land at Nether Anguston, Peterculter.

Page 5

 
GLENBRAE TRADING (PROPERTY) LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2024

7.


SHARE CAPITAL

31 January
31 October
2024
2022
£
£
ALLOTTED, CALLED UP AND FULLY PAID



100 (2022 - 100) Ordinary shares of £1.00 each
100
100



Page 6