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Registration number: SC457451

Gourdie Ltd

Unaudited Filleted Financial Statements

for the Period from 2 December 2023 to 29 November 2024

 

Gourdie Ltd

Contents

Company Information

1

Statement of Financial Position

2

Notes to the Unaudited Financial Statements

3 to 6

 

Gourdie Ltd

Company Information

Directors

Mr Ian Worf

Mr Ian Tatnell

Registered office

7A Nobel Road
Wester Gourdie Ind. Estate
DUNDEE
DD2 4UH

Accountants

Morris & Young
Chartered Accountants
6 Atholl Crescent
PERTH
PH1 5JN

 

Gourdie Ltd

(Registration number: SC457451)
Statement of Financial Position as at 29 November 2024

Note

2024
£

2023
£

Fixed assets

 

Investments

4

815,100

815,100

Current assets

 

Debtors

5

24,000

24,000

Cash at bank and in hand

 

-

700

 

24,000

24,700

Creditors: Amounts falling due within one year

6

(9,670)

(10,370)

Net current assets

 

14,330

14,330

Net assets

 

829,430

829,430

Capital and reserves

 

Called up share capital

7

815,100

815,100

Retained earnings

14,330

14,330

Shareholders' funds

 

829,430

829,430

For the financial period ending 29 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 28 May 2025 and signed on its behalf by:
 

.........................................
Mr Ian Worf
Director

 

Gourdie Ltd

Notes to the Unaudited Financial Statements for the Period from 2 December 2023 to 29 November 2024

1

General information

The company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
7A Nobel Road
Wester Gourdie Ind. Estate
DUNDEE
DD2 4UH

These financial statements were authorised for issue by the Board on 28 May 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Summary of disclosure exemptions

The company is part of a small group. The company has taken advantage of the exemption provided by Section 399 of the Companies Act 2006.

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

 

Gourdie Ltd

Notes to the Unaudited Financial Statements for the Period from 2 December 2023 to 29 November 2024

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 0 (2023 - 0).

 

Gourdie Ltd

Notes to the Unaudited Financial Statements for the Period from 2 December 2023 to 29 November 2024

4

Investments

2024
£

2023
£

Investments in subsidiaries

815,100

815,100

Subsidiaries

£

Cost or valuation

At 2 December 2023

815,100

Provision

Carrying amount

At 29 November 2024

815,100

At 1 December 2023

815,100

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

2024

2023

Subsidiary undertakings

Wemyss Fabric Holdings Limited

7A Nobel Road, West Gourdie Industrial Estate, Dundee, Scotland, DD2 4UH

Scotland

Ordinary

100%

100%

Subsidiary undertakings

Wemyss Fabric Holdings Limited

The principal activity of Wemyss Fabric Holdings Limited is holding company.

5

Debtors

Current

Note

2024
£

2023
£

Amounts owed by related parties

8

24,000

24,000

   

24,000

24,000

 

Gourdie Ltd

Notes to the Unaudited Financial Statements for the Period from 2 December 2023 to 29 November 2024

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Amounts owed to group undertakings and undertakings in which the company has a participating interest

8

9,670

10,370

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

815,100

815,100

815,100

815,100

       

8

Related party transactions

Summary of transactions with parent

Parent company and fellow subsidiaries
  The company is a wholly owned subsidiary and is therefore exempt from disclosing transactions with its parent company and other members of the group.

9

Parent and ultimate parent undertaking

The company's immediate parent is Worell Ltd, incorporated in Scotland.