Company registration number SC141671 (Scotland)
Growing Concern Scotland Limited
Annual report and unaudited financial statements
for the year ended 31 December 2024
Growing Concern Scotland Limited
Company information
Directors
M S Brown
I W Murray
Secretary
M S Brown
Company number
SC141671
Registered office
Bear House
Inveralmond Road
Inveralmond Industrial Estate
Perth
PH1 3TW
Growing Concern Scotland Limited
Contents
Page
Directors' report
1
Balance sheet
2
Notes to the financial statements
3 - 4
Growing Concern Scotland Limited
Directors' report
for the year ended 31 December 2024
- 1 -
The directors present their annual report and financial statements for the year ended 31 December 2024.
Principal activities
The company had no activity in the year and continued to be dormant.
Directors
The directors who held office during the year and up to the date of signature of the financial statements were as follows:
M S Brown
I W Murray
Qualifying third party indemnity provisions
The company has made qualifying third party indemnity provisions for the benefit of its directors during the year. These provisions remain in force at the reporting date.
Small companies exemption
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
On behalf of the board
I W Murray
Director
31 July 2025
Growing Concern Scotland Limited
Balance sheet
as at 31 December 2024
- 2 -
2024
2023
Notes
£
£
£
£
Current assets
Debtors
4
1,059
1,059
Net current assets
1,059
1,059
Capital and reserves
Called up share capital
5
1,098
1,098
Profit and loss reserves
(39)
(39)
Total equity
1,059
1,059
For the financial year ended 31 December 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 31 July 2025 and are signed on its behalf by:
I W Murray
Director
Company registration number SC141671 (Scotland)
Growing Concern Scotland Limited
Notes to the financial statements
for the year ended 31 December 2024
- 3 -
1
Accounting policies
Company information
Growing Concern Scotland Limited is a private company limited by shares incorporated in Scotland. The registered office is Bear House, Inveralmond Road, Inveralmond Industrial Estate, Perth, PH1 3TW.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies' regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Profit and loss account
The company has not traded during the year or the preceding financial period. During this time, the company received no income and incurred no expenditure and therefore no Profit and loss account is presented in these financial statements.
1.3
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
1.4
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
Growing Concern Scotland Limited
Notes to the financial statements (continued)
for the year ended 31 December 2024
- 4 -
2
Judgements and key sources of estimation uncertainty
In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
3
Employees
The average monthly number of persons (including directors) employed by the company during the was nil (2023: nil)
2024
2023
Number
Number
Total
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
1,059
1,059
5
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
1,098
1,098
1,098
1,098