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REGISTERED NUMBER: SC044531 (Scotland)














Unaudited Financial Statements

for the Year Ended 31 January 2024

for

William Glen & Son Limited

William Glen & Son Limited (Registered number: SC044531)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


William Glen & Son Limited

Company Information
for the Year Ended 31 January 2024







DIRECTOR: M B Cantlay





SECRETARY: Mrs L Cantlay





REGISTERED OFFICE: Callandrade Lodge
Invertrossachs Road
Callander
FK17 8HW





REGISTERED NUMBER: SC044531 (Scotland)





ACCOUNTANTS: Messrs. Henderson & Company
Chartered Accountants
73 Union Street
Greenock
PA16 8BG

William Glen & Son Limited (Registered number: SC044531)

Balance Sheet
31 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 87,931 87,931
Investments 5 620,167 620,167
708,098 708,098

CURRENT ASSETS
Debtors 6 113,688 118,392
Cash at bank 4,847 5,045
118,535 123,437
CREDITORS
Amounts falling due within one year 7 600 600
NET CURRENT ASSETS 117,935 122,837
TOTAL ASSETS LESS CURRENT
LIABILITIES

826,033

830,935

CAPITAL AND RESERVES
Called up share capital 20,000 20,000
Retained earnings 806,033 810,935
SHAREHOLDERS' FUNDS 826,033 830,935

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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 31 October 2024 and were signed by:





M B Cantlay - Director


William Glen & Son Limited (Registered number: SC044531)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

William Glen & Son 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 consolidation
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.

The accounts do not consolidate the subsidiary company referred to in the Notes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 1% on 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.

Turnover
Turnover is the total amount derived from property rental.

Investments
Investments are included at cost.

3. EMPLOYEES AND DIRECTORS

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

William Glen & Son Limited (Registered number: SC044531)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST
At 1 February 2023
and 31 January 2024 87,931
NET BOOK VALUE
At 31 January 2024 87,931
At 31 January 2023 87,931

5. FIXED ASSET INVESTMENTS

As stated in Note 1, the accounts of William Glen Ltd have not been consolidated at 31 January 2024.
The cost of the shares held in William Glen Ltd of £620,167 (representing 98.8% of the issued ordinary share capital) is included in investments.

£   
Aggregate Value of Equity Shareholder's Funds at 31 January 2024 954,603
Realised Net Loss in year to 31 January 2024 44,720




6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 113,688 118,392

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other creditors 600 600

8. RELATED PARTY DISCLOSURES

Mr M Cantlay is the controlling party by virtue of his 100% shareholding in the company.