Silverfin false false 30/04/2024 01/05/2023 30/04/2024 J E Maidment 17/04/2018 N Maidment 17/04/2018 31 January 2025 The principal activity of the Company during the financial year was that of building and construction. 11313646 2024-04-30 11313646 bus:Director1 2024-04-30 11313646 bus:Director2 2024-04-30 11313646 2023-04-30 11313646 core:CurrentFinancialInstruments 2024-04-30 11313646 core:CurrentFinancialInstruments 2023-04-30 11313646 core:ShareCapital 2024-04-30 11313646 core:ShareCapital 2023-04-30 11313646 core:RetainedEarningsAccumulatedLosses 2024-04-30 11313646 core:RetainedEarningsAccumulatedLosses 2023-04-30 11313646 core:Vehicles 2023-04-30 11313646 core:OfficeEquipment 2023-04-30 11313646 core:Vehicles 2024-04-30 11313646 core:OfficeEquipment 2024-04-30 11313646 core:CostValuation 2023-04-30 11313646 core:CostValuation 2024-04-30 11313646 bus:OrdinaryShareClass1 2024-04-30 11313646 2023-05-01 2024-04-30 11313646 bus:FilletedAccounts 2023-05-01 2024-04-30 11313646 bus:SmallEntities 2023-05-01 2024-04-30 11313646 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 11313646 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 11313646 bus:Director1 2023-05-01 2024-04-30 11313646 bus:Director2 2023-05-01 2024-04-30 11313646 core:Vehicles 2023-05-01 2024-04-30 11313646 core:OfficeEquipment 2023-05-01 2024-04-30 11313646 2022-05-01 2023-04-30 11313646 bus:OrdinaryShareClass1 2023-05-01 2024-04-30 11313646 bus:OrdinaryShareClass1 2022-05-01 2023-04-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: 11313646 (England and Wales)

GLENCOE HOLDINGS LTD

Unaudited Financial Statements
For the financial year ended 30 April 2024
Pages for filing with the registrar

GLENCOE HOLDINGS LTD

Unaudited Financial Statements

For the financial year ended 30 April 2024

Contents

GLENCOE HOLDINGS LTD

BALANCE SHEET

As at 30 April 2024
GLENCOE HOLDINGS LTD

BALANCE SHEET (continued)

As at 30 April 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 30,515 9,703
Investments 4 50 50
30,565 9,753
Current assets
Debtors 5 26,484 26,000
Cash at bank and in hand 14,075 419
40,559 26,419
Creditors: amounts falling due within one year 6 ( 26,716) ( 23,871)
Net current assets 13,843 2,548
Total assets less current liabilities 44,408 12,301
Net assets 44,408 12,301
Capital and reserves
Called-up share capital 7 100 100
Profit and loss account 44,308 12,201
Total shareholders' funds 44,408 12,301

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

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Glencoe Holdings Ltd (registered number: 11313646) were approved and authorised for issue by the Board of Directors on 31 January 2025. They were signed on its behalf by:

J E Maidment
Director
GLENCOE HOLDINGS LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2024
GLENCOE HOLDINGS LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Glencoe Holdings Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Towngate House, 2-8 Parkstone Road, Poole, BH15 2PW, United Kingdom. The principal place of business is 8 Gainsborough Road, Bournemouth, Dorset, BH7 7BD.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is stated net of trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Balance Sheet date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Balance Sheet date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Taxation

Current tax
Current tax is provided at amounts expected to be paid using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a reducing balance basis over its expected useful life, as follows:

Vehicles 25 % reducing balance
Office equipment 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Investments
Investments in non-convertible preference shares and non-puttable ordinary or preference shares (where shares are publicly traded or their fair value is reliably measurable) are measured at fair value through the Statement of Income and Retained Earnings. Where fair value cannot be measured reliably, investments are measured at cost less impairment.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Tangible assets

Vehicles Office equipment Total
£ £ £
Cost
At 01 May 2023 23,000 0 23,000
Additions 23,800 1,084 24,884
At 30 April 2024 46,800 1,084 47,884
Accumulated depreciation
At 01 May 2023 13,297 0 13,297
Charge for the financial year 3,913 159 4,072
At 30 April 2024 17,210 159 17,369
Net book value
At 30 April 2024 29,590 925 30,515
At 30 April 2023 9,703 0 9,703

4. Fixed asset investments

Investments in subsidiaries

2024
£
Cost
At 01 May 2023 50
At 30 April 2024 50
Carrying value at 30 April 2024 50
Carrying value at 30 April 2023 50

5. Debtors

2024 2023
£ £
Amounts owed by Group undertakings 26,000 26,000
Other debtors 484 0
26,484 26,000

6. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 975 68
Taxation and social security 0 2,146
Obligations under finance leases and hire purchase contracts 19,291 0
Other creditors 6,450 21,657
26,716 23,871

7. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100