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REGISTERED NUMBER: SC457690 (Scotland)







Unaudited Financial Statements

For The Year Ended 30th September 2024

for

Argyll Asset Management Limited

Argyll Asset Management Limited (Registered number: SC457690)






Contents of the Financial Statements
For The Year Ended 30th September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Report of the Accountants 5

Argyll Asset Management Limited

Company Information
For The Year Ended 30th September 2024







DIRECTORS: R J Paterson
B J McKellar
D J Rolwegan





SECRETARY:





REGISTERED OFFICE: 10 Newton Place
Glasgow
G3 7PR





REGISTERED NUMBER: SC457690 (Scotland)





ACCOUNTANTS: J S Mackie & Co Ltd
8 Douglas Street
Hamilton
Lanarkshire
ML3 0BP

Argyll Asset Management Limited (Registered number: SC457690)

Balance Sheet
30th September 2024

2024 2023
Notes £ £
CURRENT ASSETS
Debtors 5 204,172 210,261
Cash at bank 6,701 3,932
210,873 214,193
CREDITORS
Amounts falling due within one year 6 (155,553 ) (180,822 )
NET CURRENT ASSETS 55,320 33,371
TOTAL ASSETS LESS CURRENT
LIABILITIES

55,320

33,371

CREDITORS
Amounts falling due after more than one
year

7

(7,868

)

(6,538

)
NET ASSETS 47,452 26,833

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 46,452 25,833
SHAREHOLDERS' FUNDS 47,452 26,833

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 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 6th May 2025 and were signed on its behalf by:



B J McKellar - Director


Argyll Asset Management Limited (Registered number: SC457690)

Notes to the Financial Statements
For The Year Ended 30th September 2024

1. STATUTORY INFORMATION

Argyll Asset Management 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 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.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - 2 ).

Argyll Asset Management Limited (Registered number: SC457690)

Notes to the Financial Statements - continued
For The Year Ended 30th September 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
COST
At 1st October 2023
and 30th September 2024 14,775
DEPRECIATION
At 1st October 2023
and 30th September 2024 14,775
NET BOOK VALUE
At 30th September 2024 -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 51 (690 )
Amounts owed by group undertakings 60,000 59,400
Other debtors 144,121 151,551
204,172 210,261

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade creditors 783 496
Amounts owed to group undertakings 71,294 89,854
Taxation and social security 8,794 1,267
Other creditors 74,682 89,205
155,553 180,822

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£ £
Other creditors 7,868 6,538

Argyll Asset Management Limited

Report of the Accountants to the Directors of
Argyll Asset Management Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30th September 2024 set out on pages three to seven and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






J S Mackie & Co Ltd
8 Douglas Street
Hamilton
Lanarkshire
ML3 0BP


6th May 2025