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REGISTERED NUMBER: SC783412 (Scotland)















Unaudited Financial Statements

for the Period 21 September 2023 to 30 November 2024

for

Glendeal Homes Ltd

Glendeal Homes Ltd (Registered number: SC783412)






Contents of the Financial Statements
for the Period 21 September 2023 to 30 November 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 6

Glendeal Homes Ltd

Company Information
for the Period 21 September 2023 to 30 November 2024







DIRECTOR: Mr J P Maguire





REGISTERED OFFICE: 29 Brandon Street
Hamilton
Lanarkshire
ML3 6DA





BUSINESS ADDRESS: The Italian Gardens
Orchard House
Crossford
Lanarkshire
ML8 5PY





REGISTERED NUMBER: SC783412 (Scotland)





ACCOUNTANTS: Sharles Ltd
Chartered Accountants
29 Brandon Street
Hamilton
ML3 6DA

Glendeal Homes Ltd (Registered number: SC783412)

Balance Sheet
30 November 2024

Notes £    £   
FIXED ASSETS
Tangible assets 5 173,032

CURRENT ASSETS
Debtors 6 307
Cash at bank 135,241
135,548
CREDITORS
Amounts falling due within one year 7 261,565
NET CURRENT LIABILITIES (126,017 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

47,015

CREDITORS
Amounts falling due after more than one
year

8

91,977
NET LIABILITIES (44,962 )

CAPITAL AND RESERVES
Called up share capital 1
Retained earnings (44,963 )
(44,962 )

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

The members have not required the company to obtain an audit of its financial statements for the period ended 30 November 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 26 May 2025 and were signed by:



Mr J P Maguire - Director


Glendeal Homes Ltd (Registered number: SC783412)

Notes to the Financial Statements
for the Period 21 September 2023 to 30 November 2024

1. STATUTORY INFORMATION

Glendeal Homes Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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. There were no material departures from that standard

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Tangible fixed assets
Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment loss.

At each balance sheet date, the company reviews the carrying amounts of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss. Where it is not possible to estimate the recoverable amount of the asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Expenditure of £1,000 or more on individual tangible fixed assets is capitalised at cost. Expenditure on assets below this threshold is charged directly to the income statement in the period it is incurred.

Taxation
Taxation for the period 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 period 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.

Glendeal Homes Ltd (Registered number: SC783412)

Notes to the Financial Statements - continued
for the Period 21 September 2023 to 30 November 2024

4. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 .

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
Additions 171,996 1,184 173,180
At 30 November 2024 171,996 1,184 173,180
DEPRECIATION
Charge for period - 148 148
At 30 November 2024 - 148 148
NET BOOK VALUE
At 30 November 2024 171,996 1,036 173,032

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other debtors 307

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Bank loans and overdrafts 6,910
Amounts owed to group undertakings 252,141
Taxation and social security 192
Other creditors 2,322
261,565

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
£   
Bank loans 91,977

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 58,144

Glendeal Homes Ltd (Registered number: SC783412)

Notes to the Financial Statements - continued
for the Period 21 September 2023 to 30 November 2024

9. SECURED DEBTS

The following secured debts are included within creditors:

£   
Bank loans 98,887

The bank loan is supported by a 100% guarantee from the UK Government.

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Glendeal Group Limited, a company incorporated in Scotland. The company's registered office is 29 Brandon Street, Hamilton, ML3 6DA.

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Glendeal Homes Ltd

The following reproduces the text of the report prepared for the director 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 Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Glendeal Homes Ltd for the period ended 30 November 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at https://icas.com/icas-framework-preparation-of-accounts.

This report is made solely to the director of Glendeal Homes Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Glendeal Homes Ltd and state those matters that we have agreed to state to the director of Glendeal Homes Ltd in this report in accordance with the requirements of ICAS as detailed at https://icas.com/icas-framework-preparation-of-accounts. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Glendeal Homes Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Glendeal Homes Ltd. You consider that Glendeal Homes Ltd is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Glendeal Homes Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Sharles Ltd
Chartered Accountants
29 Brandon Street
Hamilton
ML3 6DA


26 May 2025