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REGISTERED NUMBER: SC433943 (Scotland)















Unaudited Financial Statements

For The Period 30 October 2022 to 28 October 2023

for

Glasgow Residential Investments Limited

Glasgow Residential Investments Limited (Registered number: SC433943)






Contents of the Financial Statements
For The Period 30 October 2022 to 28 October 2023




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


Glasgow Residential Investments Limited

Company Information
For The Period 30 October 2022 to 28 October 2023







DIRECTORS: T E Lovat
R J Lovat





SECRETARY: R J Lovat





REGISTERED OFFICE: 1008 Pollokshaws Road
Glasgow
G41 2HG





REGISTERED NUMBER: SC433943 (Scotland)





ACCOUNTANTS: Robb Ferguson Chartered Accountants
Regent Court
70 West Regent Street
Glasgow
G2 2QZ

Glasgow Residential Investments Limited (Registered number: SC433943)

Abridged Statement of Financial Position
28 October 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Debtors 224,689 162,805
Cash at bank and in hand 4,598 2,986
229,287 165,791
CREDITORS
Amounts falling due within one year 173,579 127,417
NET CURRENT ASSETS 55,708 38,374
TOTAL ASSETS LESS CURRENT
LIABILITIES

55,708

38,374

CREDITORS
Amounts falling due after more than one
year

14,164

16,698
NET ASSETS 41,544 21,676

CAPITAL AND RESERVES
Called up share capital 99 99
Retained earnings 41,445 21,577
41,544 21,676

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 28 October 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 28 October 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.

Glasgow Residential Investments Limited (Registered number: SC433943)

Abridged Statement of Financial Position - continued
28 October 2023


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

All the members have consented to the preparation of an abridged Statement of Comprehensive Income and an abridged Statement of Financial Position for the period ended 28 October 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 January 2025 and were signed on its behalf by:





R J Lovat - Director


Glasgow Residential Investments Limited (Registered number: SC433943)

Notes to the Financial Statements
For The Period 30 October 2022 to 28 October 2023

1. STATUTORY INFORMATION

Glasgow Residential Investments 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.
Fixtures and fittings - 20% on reducing balance

Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

Taxation
Taxation for the period 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 period 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 period was 2 (2022 - 2 ) .

Glasgow Residential Investments Limited (Registered number: SC433943)

Notes to the Financial Statements - continued
For The Period 30 October 2022 to 28 October 2023

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 30 October 2022
and 28 October 2023 2,150
DEPRECIATION
At 30 October 2022
and 28 October 2023 2,150
NET BOOK VALUE
At 28 October 2023 -
At 29 October 2022 -

5. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the periods ended 28 October 2023 and 29 October 2022:

2023 2022
£    £   
T E Lovat
Balance outstanding at start of period 34,000 10,000
Amounts advanced 34,000 24,000
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period 68,000 34,000

R J Lovat
Balance outstanding at start of period 61,927 73,615
Amounts advanced 38,600 73,500
Amounts repaid (14,558 ) (85,188 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period 85,969 61,927