IRIS Accounts Production v24.3.0.553 SC177359 Board of Directors 1.4.23 31.3.24 31.3.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC1773592023-03-31SC1773592024-03-31SC1773592023-04-012024-03-31SC1773592022-03-31SC1773592022-04-012023-03-31SC1773592023-03-31SC177359ns15:Scotland2023-04-012024-03-31SC177359ns14:PoundSterling2023-04-012024-03-31SC177359ns10:Director12023-04-012024-03-31SC177359ns10:PrivateLimitedCompanyLtd2023-04-012024-03-31SC177359ns10:SmallEntities2023-04-012024-03-31SC177359ns10:AuditExemptWithAccountantsReport2023-04-012024-03-31SC177359ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-31SC177359ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-31SC177359ns10:FullAccounts2023-04-012024-03-31SC177359ns10:Director22023-04-012024-03-31SC177359ns10:RegisteredOffice2023-04-012024-03-31SC177359ns5:CurrentFinancialInstruments2024-03-31SC177359ns5:CurrentFinancialInstruments2023-03-31SC177359ns5:ShareCapital2024-03-31SC177359ns5:ShareCapital2023-03-31SC177359ns5:RetainedEarningsAccumulatedLosses2024-03-31SC177359ns5:RetainedEarningsAccumulatedLosses2023-03-31SC177359ns5:PlantMachinery2023-04-012024-03-31SC177359ns5:PlantMachinery2023-03-31SC177359ns5:PlantMachinery2024-03-31SC177359ns5:PlantMachinery2023-03-31SC177359ns5:CostValuation2023-03-31SC177359ns5:AdditionsToInvestments2024-03-31SC177359ns5:DisposalsRepaymentsInvestments2024-03-31SC177359ns5:CostValuation2024-03-31SC177359ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-31SC177359ns5:WithinOneYearns5:CurrentFinancialInstruments2023-03-31SC177359ns5:Non-currentFinancialInstrumentsns5:AfterOneYear2024-03-31SC177359ns5:Non-currentFinancialInstrumentsns5:AfterOneYear2023-03-31
REGISTERED NUMBER: SC177359 (Scotland)














FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

EGLINTON SERVICE COMPANY LIMITED

EGLINTON SERVICE COMPANY LIMITED (REGISTERED NUMBER: SC177359)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

EGLINTON SERVICE COMPANY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mrs Lorraine O'Hara
Mr William Clive O'Hara





REGISTERED OFFICE: c/o D M McNaught & Co Ltd
166 Buchanan Street
Glasgow
G1 2LW





REGISTERED NUMBER: SC177359 (Scotland)





ACCOUNTANTS: D M McNaught & Co Ltd
Chartered Accountants
166 Buchanan Street
Glasgow
Lanarkshire
G1 2LW

EGLINTON SERVICE COMPANY LIMITED (REGISTERED NUMBER: SC177359)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,010 1,347
Investments 5 634,677 606,103
635,687 607,450

CURRENT ASSETS
Debtors 6 167,273 138,783
Cash at bank 2,302,127 2,194,625
2,469,400 2,333,408
CREDITORS
Amounts falling due within one year 7 74,046 86,112
NET CURRENT ASSETS 2,395,354 2,247,296
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,031,041

2,854,746

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 3,031,039 2,854,744
SHAREHOLDERS' FUNDS 3,031,041 2,854,746

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

EGLINTON SERVICE COMPANY LIMITED (REGISTERED NUMBER: SC177359)

BALANCE SHEET - continued
31 MARCH 2024


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 21 November 2024 and were signed on its behalf by:





Mr William Clive O'Hara - Director


EGLINTON SERVICE COMPANY LIMITED (REGISTERED NUMBER: SC177359)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Eglinton Service Company 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 represents the company's share of profits from membership of an LLP.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

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

EGLINTON SERVICE COMPANY LIMITED (REGISTERED NUMBER: SC177359)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 4,071
DEPRECIATION
At 1 April 2023 2,724
Charge for year 337
At 31 March 2024 3,061
NET BOOK VALUE
At 31 March 2024 1,010
At 31 March 2023 1,347

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2023 606,103
Additions 56,730
Disposals (78,646 )
Share of profit/(loss) 50,490
At 31 March 2024 634,677
NET BOOK VALUE
At 31 March 2024 634,677
At 31 March 2023 606,103

6. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Other debtors 152,027 123,537

Amounts falling due after more than one year:
Other debtors 15,246 15,246

Aggregate amounts 167,273 138,783

EGLINTON SERVICE COMPANY LIMITED (REGISTERED NUMBER: SC177359)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 72,726 43,452
Other creditors 1,320 42,660
74,046 86,112

8. RELATED PARTY DISCLOSURES

Included within debtors is an amount of £152,027 (2023 - £123,537) owed by Paradigm Property Consultants LLP. This is in respect of an amount of allocated profit share in the LLP not yet drawn by Eglinton Service Company Limited.

The company is a designated corporate member of this LLP.

Included in investments is an amount of £185,219 (2023 - £185,219) in respect of an investment in the share capital of Paradigm Asset Management Group Limited.

Mr W C O'Hara is a director in this company.

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr William Clive O'Hara.

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
EGLINTON SERVICE COMPANY LIMITED


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Eglinton Service Company Limited for the year ended 31 March 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.

This report is made solely to the Board of Directors of Eglinton Service Company Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Eglinton Service Company Limited and state those matters that we have agreed to state to the Board of Directors of Eglinton Service Company Limited, as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Eglinton Service Company Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Eglinton Service Company Limited. You consider that Eglinton Service Company Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Eglinton Service Company Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






D M McNaught & Co Ltd
Chartered Accountants
166 Buchanan Street
Glasgow
Lanarkshire
G1 2LW


21 November 2024