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REGISTERED NUMBER: SC786839 (Scotland)




















Balnagowan Asset Management Ltd

Unaudited Financial Statements

for the Period

23 October 2023 to 31 October 2024






Balnagowan Asset Management Ltd (Registered number: SC786839)






Contents of the Financial Statements
for the Period 23 October 2023 to 31 October 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Balnagowan Asset Management Ltd

Company Information
for the Period 23 October 2023 to 31 October 2024







DIRECTOR: C D B Flockhart





REGISTERED OFFICE: 3 North Park Terrace
Edinburgh
EH4 1DP





REGISTERED NUMBER: SC786839 (Scotland)





ACCOUNTANTS: Whitelaw Wells
9 Ainslie Place
Edinburgh
Midlothian
EH3 6AT

Balnagowan Asset Management Ltd (Registered number: SC786839)

Balance Sheet
31 October 2024

Notes £    £   
FIXED ASSETS
Tangible assets 4 1,079

CURRENT ASSETS
Debtors 5 41,281
Cash at bank 72,712
113,993
CREDITORS
Amounts falling due within one year 6 40,070
NET CURRENT ASSETS 73,923
TOTAL ASSETS LESS CURRENT LIABILITIES 75,002

PROVISIONS FOR LIABILITIES 270
NET ASSETS 74,732

CAPITAL AND RESERVES
Called up share capital 10
Retained earnings 74,722
74,732

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

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

Balnagowan Asset Management Ltd (Registered number: SC786839)

Balance Sheet - continued
31 October 2024


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 17 July 2025 and were signed by:





C D B Flockhart - Director


Balnagowan Asset Management Ltd (Registered number: SC786839)

Notes to the Financial Statements
for the Period 23 October 2023 to 31 October 2024

1. STATUTORY INFORMATION

Balnagowan Asset Management 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.

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 fees from property consultancy advice, excluding value added tax. Revenue is recognised when the company obtains the right to consideration for the services provided.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost

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.

Balnagowan Asset Management Ltd (Registered number: SC786839)

Notes to the Financial Statements - continued
for the Period 23 October 2023 to 31 October 2024

2. ACCOUNTING POLICIES - continued

Provisions
Provisions are recognised where the company has a present obligation as a result of a past event, it is probable the company will be required to settle the obligations, and a reliable estimate can be made of the obligations. The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the end of the reporting period, taking into account the risks and uncertainties surrounding the obligation.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 1,439
At 31 October 2024 1,439
DEPRECIATION
Charge for period 360
At 31 October 2024 360
NET BOOK VALUE
At 31 October 2024 1,079

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 41,281

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Taxation and social security 38,835
Other creditors 1,235
40,070

Balnagowan Asset Management Ltd (Registered number: SC786839)

Notes to the Financial Statements - continued
for the Period 23 October 2023 to 31 October 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR - continued

Included within other creditors is the director's current account totalling £5,686. The balance is unsecured, interest-free, and repayable on demand.

7. SHARE CAPITAL

The company has issued both A and B ordinary shares. A shares carry full voting and dividend rights, while B shares carry no voting rights and have limited rights to dividends.