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REGISTERED NUMBER: SC154735 (Scotland)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

LAINEY LIMITED

LAINEY LIMITED (REGISTERED NUMBER: SC154735)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


LAINEY LIMITED

COMPANY INFORMATION
for the Year Ended 31 December 2024







DIRECTORS: J L Ritchie
Mrs A C Dunlop





SECRETARY: J L Ritchie





REGISTERED OFFICE: Herbert House
22 Herbert Street
Glasgow
G20 6NB





REGISTERED NUMBER: SC154735 (Scotland)





ACCOUNTANTS: Kean Jarman & Company
Chartered Accountants
27 Ingram Street
Glasgow
G1 1HA

LAINEY LIMITED (REGISTERED NUMBER: SC154735)

BALANCE SHEET
31 December 2024

31.12.24 31.12.23
Notes £    £   
CURRENT ASSETS
Debtors 4 2,220 2,220

CREDITORS
Amounts falling due within one year 5 31,673 31,673
NET CURRENT LIABILITIES (29,453 ) (29,453 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(29,453

)

(29,453

)

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (29,455 ) (29,455 )
SHAREHOLDERS' FUNDS (29,453 ) (29,453 )

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

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

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 13 March 2025 and were signed on its behalf by:





J L Ritchie - Director


LAINEY LIMITED (REGISTERED NUMBER: SC154735)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Lainey 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 gross invoiced sales of goods, including value added tax.

3. EMPLOYEES AND DIRECTORS

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

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Directors' current accounts 1,728 1,728
Tax 492 492
2,220 2,220

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans and overdrafts 19,469 19,469
Tax 492 492
Directors' current accounts 972 972
Accrued expenses 10,740 10,740
31,673 31,673

6. SECURED DEBTS

The following secured debts are included within creditors:

31.12.24 31.12.23
£    £   
Bank overdrafts 19,469 19,469

The company directors have personally guaranteed the bank overdraft to the Bank of Scotland. In addition the Bank of Scotland hold a floating charge over the whole assets of the company and a standard security over Plots 6 and 17 at a development in Neilston.

LAINEY LIMITED (REGISTERED NUMBER: SC154735)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2024

7. RELATED PARTY DISCLOSURES

As at 31st December 2023, Mr James Ritchie owed £1728 (2023-£1728) to the company and Mrs. A Dunlop was owed £972 (2023- £972) by the company, being interest free directors loans. These amounts were the maximum amounts outstanding during the year.