GLENAGOWAN ASSET MANAGEMENT LIMITED

Company Registration Number:
14076359 (England and Wales)

Unaudited statutory accounts for the year ended 30 April 2024

Period of accounts

Start date: 01 May 2023

End date: 30 April 2024

GLENAGOWAN ASSET MANAGEMENT LIMITED

Contents of the Financial Statements

for the Period Ended 30 April 2024

Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 11

GLENAGOWAN ASSET MANAGEMENT LIMITED

Company Information

for the Period Ended 30 April 2024




Director: K D McCarthy
J L McCarthy
Registered office: The Small House
Siston Court
Mangotsfield
Bristol
England
BS16 9LU
Company Registration Number: 14076359 (England and Wales)

GLENAGOWAN ASSET MANAGEMENT LIMITED

Directors' Report Period Ended 30 April 2024

The directors present their report with the financial statements of the company for the period ended 30 April 2024

Directors

The directors shown below have held office during the whole of the period from 01 May 2023 to 30 April 2024
K D McCarthy
J L McCarthy

This report was approved by the board of directors on 20 January 2025
And Signed On Behalf Of The Board By:

Name: K D McCarthy
Status: Director

Name: J L McCarthy
Status: Director

GLENAGOWAN ASSET MANAGEMENT LIMITED

Profit and Loss Account

for the Period Ended 30 April 2024


Notes

2024
£

2023
£
Administrative Expenses ( 120,813 ) ( 36,043 )
Other operating income 142,746 85,163
Operating Profit or (Loss) 21,933 49,120
Interest Receivable and Similar Income 1,047 714
Profit or (Loss) Before Tax 22,980 49,834
Tax on Profit ( 4,366 ) ( 9,446 )
Profit or (Loss) for Period 18,614 40,388

The notes form part of these financial statements

GLENAGOWAN ASSET MANAGEMENT LIMITED

Balance sheet

As at 30 April 2024


Notes

2024
£

2023
£
Fixed assets
Tangible assets: 4 2,153,396 2,152,955
Total fixed assets: 2,153,396 2,152,955
Current assets
Debtors: 5 25,093 19,123
Cash at bank and in hand: 84,982 91,765
Total current assets: 110,075 110,888
Creditors: amounts falling due within one year: 6 ( 2,200,000 ) ( 2,223,352 )
Net current assets (liabilities): ( 2,089,925 ) ( 2,112,464 )
Total assets less current liabilities: 63,471 40,491
Total net assets (liabilities): 63,471 40,491

The notes form part of these financial statements

GLENAGOWAN ASSET MANAGEMENT LIMITED

Balance sheet continued

As at 30 April 2024


Notes

2024
£

2023
£
Capital and reserves
Called up share capital: 103 103
Revaluation reserve: 7 0 0
Profit and loss account: 63,368 40,388
Shareholders funds: 63,471 40,491

For the year ending 30 April 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 20 January 2025
And Signed On Behalf Of The Board By:

Name: K D McCarthy
Status: Director

Name: J L McCarthy
Status: Director

The notes form part of these financial statements

GLENAGOWAN ASSET MANAGEMENT LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

GLENAGOWAN ASSET MANAGEMENT LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

  • 2. Employees


    2024

    2023
    Average number of employees during the period 1 1

GLENAGOWAN ASSET MANAGEMENT LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

  • 3. Off balance sheet disclosure

    No

GLENAGOWAN ASSET MANAGEMENT LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

4. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Total
Cost £ £ £ £ £
At 01 May 2023 2,151,432 1,495 391 163 2,153,481
Additions - - - 1,289 1,289
Disposals - - - - -
Revaluations - - - - -
Transfers - - - - -
At 30 April 2024 2,151,432 1,495 391 1,452 2,154,770
Depreciation
At 01 May 2023 - 374 97 55 526
Charge for year - 374 97 377 848
On disposals - - - - -
Other adjustments - - - - -
At 30 April 2024 - 748 194 432 1,374
Net book value
At 30 April 2024 2,151,432 747 197 1,020 2,153,396
At 30 April 2023 2,151,432 1,121 294 108 2,152,955

GLENAGOWAN ASSET MANAGEMENT LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

5. Debtors


2024
£

2023
£
Trade debtors 15,740 10,378
Prepayments and accrued income 103
Other debtors 9,250 8,745
Total 25,093 19,123

GLENAGOWAN ASSET MANAGEMENT LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

6.Creditors: amounts falling due within one year note


2024
£

2023
£
Trade creditors 902
Taxation and social security 9,446
Other creditors 2,200,000 2,213,004
Total 2,200,000 2,223,352

GLENAGOWAN ASSET MANAGEMENT LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

7. Revaluation reserve


2024
£
Balance at 01 May 2023 0
Surplus or deficit after revaluation 0
Balance at 30 April 2024 0