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REGISTERED NUMBER: SC007564 (Scotland)














Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Scottish Garden Suburb Company Limited

Scottish Garden Suburb Company Limited (Registered number: SC007564)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Scottish Garden Suburb Company Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: R T Henderson
M P Henderson
R J Henderson
J S Henderson





SECRETARY: Henderson & Company





REGISTERED OFFICE: 73 Union Street
Greenock
Renfrewshire
PA16 8BG





REGISTERED NUMBER: SC007564 (Scotland)






Scottish Garden Suburb Company Limited (Registered number: SC007564)

Balance Sheet
31 December 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,581 5,581
Investments 5 751,830 728,064
757,411 733,645

CURRENT ASSETS
Cash at bank and in hand 10,573 13,177

CREDITORS
Amounts falling due within one year 6 3,672 3,035
NET CURRENT ASSETS 6,901 10,142
TOTAL ASSETS LESS CURRENT
LIABILITIES

764,312

743,787

CAPITAL AND RESERVES
Called up share capital 8,000 8,000
Other reserves 7 4,965 4,965
Revaluation reserve 7 389,510 375,704
Retained earnings 7 361,837 355,118
SHAREHOLDERS' FUNDS 764,312 743,787

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 30 April 2025 and were signed on its behalf by:




R T Henderson - Director


Scottish Garden Suburb Company Limited (Registered number: SC007564)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Scottish Garden Suburb Company 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.

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


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 as modified by the revaluation of certain assets.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land - not provided

Land is shown at cost and fair value.

Investments in subsidiaries
Investments in subsidiary undertakings are included at fair value.

Income from investments
Income from Investments is recognised on a receivable basis and is sub-divided so as to show Dividends Received and Income from Other Investments gross.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Land
£   
COST
At 1 January 2024
and 31 December 2024 5,581
NET BOOK VALUE
At 31 December 2024 5,581
At 31 December 2023 5,581

Scottish Garden Suburb Company Limited (Registered number: SC007564)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

5. FIXED ASSET INVESTMENTS
Shares in
group Other
undertakings investments Totals
£    £    £   
COST OR VALUATION
At 1 January 2024 12,410 715,653 728,063
Additions - 9,961 9,961
Revaluations - 13,806 13,806
At 31 December 2024 12,410 739,420 751,830
NET BOOK VALUE
At 31 December 2024 12,410 739,420 751,830
At 31 December 2023 12,410 715,653 728,063

Cost or valuation at 31 December 2024 is represented by:

Shares in
group Other
undertakings investments Totals
£    £    £   
Valuation in 2018 435,266 13,750 449,016
Valuation in 2019 60,682 12,167 72,849
Valuation in 2020 (500,948 ) 258,187 (242,761 )
Valuation in 2021 - 82,949 82,949
Valuation in 2022 - (15,546 ) (15,546 )
Valuation in 2023 - 24,197 24,197
Valuation in 2024 - 13,806 13,806
Cost 17,410 349,910 367,320
12,410 739,420 751,830

If fixed asset investments had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 349,910 339,950

Fixed asset investments were valued on an open market basis on 31 December 2024 by Interactive Investors .

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other creditors 3,672 3,035

Scottish Garden Suburb Company Limited (Registered number: SC007564)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

7. RESERVES
Retained Other Revaluation
earnings reserves reserve Totals
£    £    £    £   

At 1 January 2024 355,117 4,965 375,704 735,786
Profit for the year 22,720 22,720
Dividends (16,000 ) (16,000 )
Revaluation - - 13,806 13,806
At 31 December 2024 361,837 4,965 389,510 756,312