IRIS Accounts Production v24.3.0.553 SC261279 director 1.5.23 30.4.24 30.4.24 true false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC2612792023-04-30SC2612792024-04-30SC2612792023-05-012024-04-30SC2612792022-04-30SC2612792022-05-012023-04-30SC2612792023-04-30SC261279ns15:Scotland2023-05-012024-04-30SC261279ns14:PoundSterling2023-05-012024-04-30SC261279ns10:Director12023-05-012024-04-30SC261279ns10:PrivateLimitedCompanyLtd2023-05-012024-04-30SC261279ns10:SmallEntities2023-05-012024-04-30SC261279ns10:AuditExempt-NoAccountantsReport2023-05-012024-04-30SC261279ns10:SmallCompaniesRegimeForDirectorsReport2023-05-012024-04-30SC261279ns10:SmallCompaniesRegimeForAccounts2023-05-012024-04-30SC261279ns10:FullAccounts2023-05-012024-04-30SC261279ns10:OrdinaryShareClass12023-05-012024-04-30SC261279ns10:RegisteredOffice2023-05-012024-04-30SC261279ns5:ShareCapital2024-04-30SC261279ns5:ShareCapital2023-04-30SC261279ns5:RetainedEarningsAccumulatedLosses2024-04-30SC261279ns5:RetainedEarningsAccumulatedLosses2023-04-30SC261279ns5:ShareCapital2022-04-30SC261279ns5:RetainedEarningsAccumulatedLosses2022-04-30SC261279ns5:RetainedEarningsAccumulatedLosses2022-05-012023-04-30SC261279ns5:RetainedEarningsAccumulatedLosses2023-05-012024-04-30SC261279ns5:CostValuation2023-04-30SC261279ns5:Subsidiary12023-05-012024-04-30SC261279ns5:Subsidiary112023-05-012024-04-30SC261279ns5:Subsidiary12024-04-30SC261279ns5:Subsidiary12023-04-30SC261279ns5:Subsidiary12022-05-012023-04-30SC261279ns10:OrdinaryShareClass12024-04-30
REGISTERED NUMBER: SC261279 (Scotland)












UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024

FOR

GBY HOLDINGS LIMITED

GBY HOLDINGS LIMITED (REGISTERED NUMBER: SC261279)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024










Page

Company Information 1

Balance Sheet 2

Statement of Changes in Equity 3

Notes to the Financial Statements 4


GBY HOLDINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTOR: K Kelly





REGISTERED OFFICE: 512 Blochairn Road
Glasgow
G21 2DZ





REGISTERED NUMBER: SC261279 (Scotland)





ACCOUNTANTS: Donachie Chartered Accountants
2nd Floor
Templeton House
62 Templeton Street
Glasgow
G40 1DA

GBY HOLDINGS LIMITED (REGISTERED NUMBER: SC261279)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £   
FIXED ASSETS
Investments 4 748,398 748,398
TOTAL ASSETS LESS CURRENT LIABILITIES 748,398 748,398

CAPITAL AND RESERVES
Called up share capital 5 50,000 50,000
Retained earnings 698,398 698,398
SHAREHOLDERS' FUNDS 748,398 748,398

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

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

The director acknowledges his 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 director and authorised for issue on 1 November 2024 and were signed by:





K Kelly - Director


GBY HOLDINGS LIMITED (REGISTERED NUMBER: SC261279)

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 APRIL 2024

Called up
share Retained Total
capital earnings equity
£    £    £   
Balance at 1 May 2022 50,000 2,057 52,057

Changes in equity
Dividends - (115,500 ) (115,500 )
Total comprehensive income - 811,841 811,841
Balance at 30 April 2023 50,000 698,398 748,398

Changes in equity
Dividends - (170,000 ) (170,000 )
Total comprehensive income - 170,000 170,000
Balance at 30 April 2024 50,000 698,398 748,398

GBY HOLDINGS LIMITED (REGISTERED NUMBER: SC261279)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024


1. STATUTORY INFORMATION

GBY Holdings 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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Investments
Fixed asset investments are stated at cost less provision for diminution in value.

Financial instruments
Financial instruments are classified and accounted for as financial assets, financial liabilities or equity instruments, according to the substance of the contractual arrangement.

Financial instruments which are assets are stated at cost less any provision for impairment. Financial liabilities are stated at principal capital amounts outstanding at the period end. Issue costs relating to financial liabilities are deducted from the outstanding balance and are amortised over the period to the due date for repayment of the financial liability.

An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. A financial liability is any contractual arrangement for an entity to deliver cash to the holder of the associated financial instrument.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

GBY HOLDINGS LIMITED (REGISTERED NUMBER: SC261279)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 May 2023
and 30 April 2024 748,398
NET BOOK VALUE
At 30 April 2024 748,398
At 30 April 2023 748,398

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

GBY Group Limited
Registered office: 512 Blochairn Road, Glasgow, G21 2DZ
Nature of business: Sale of building materials
%
Class of shares: holding
Ordinary 100.00
2024 2023
£    £   
Aggregate capital and reserves 1,833,455 1,722,077
Profit for the year 281,378 671,178

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
50,000 Ordinary £1 50,000 50,000

6. CONTINGENT LIABILITIES

The company provided an inter-company guarantee in favour of the Royal Bank of Scotland Plc in respect of the bank overdraft and bank loans of GBY Group Limited. The maximum amount recoverable is £1,700,000. The total amount outstanding at 30 April 2024 is £330,271 (2023 - £383,294).

7. RELATED PARTY DISCLOSURES

During the year, total dividends of £170,000 (2023 - £115,500) were paid to the director .

8. ULTIMATE CONTROLLING PARTY

The controlling party is K Kelly.