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REGISTERED NUMBER: SC230367 (Scotland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2024

FOR

NORTHWOOD (GLASGOW) LIMITED

NORTHWOOD (GLASGOW) LIMITED (REGISTERED NUMBER: SC230367)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NORTHWOOD (GLASGOW) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2024







DIRECTOR: K Robin





REGISTERED OFFICE: 45 Unit 4, Skypark 5
Finnieston Street
Glasgow
G3 8JU





REGISTERED NUMBER: SC230367 (Scotland)

NORTHWOOD (GLASGOW) LIMITED (REGISTERED NUMBER: SC230367)

BALANCE SHEET
30 NOVEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 11,325 14,274
Investments 6 343,286 343,286
354,611 357,560

CURRENT ASSETS
Debtors 7 418,637 416,211
Cash at bank and in hand 17,200 20,203
435,837 436,414
CREDITORS
Amounts falling due within one year 8 784,902 700,482
NET CURRENT LIABILITIES (349,065 ) (264,068 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,546

93,492

CREDITORS
Amounts falling due after more than
one year

9

5,274

15,815
NET ASSETS 272 77,677

CAPITAL AND RESERVES
Called up share capital 11 2 2
Retained earnings 270 77,675
SHAREHOLDERS' FUNDS 272 77,677

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

The members have not required the company to obtain an audit of its financial statements for the year 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.

NORTHWOOD (GLASGOW) LIMITED (REGISTERED NUMBER: SC230367)

BALANCE SHEET - continued
30 NOVEMBER 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 30 August 2025 and were signed by:





K Robin - Director


NORTHWOOD (GLASGOW) LIMITED (REGISTERED NUMBER: SC230367)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

1. STATUTORY INFORMATION

Northwood (Glasgow) 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.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of three years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of three years.

Tangible fixed assets
Tangible assets are initially recognised at cost which is the price plus any directly attributable costs. Subsequently tangible assets are measured at cost less accumulated depreciation and impairment losses.

Financial instruments
The company only has basic financial instruments.

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Short term trade creditors are measured at the transaction price. Other financial liabilities including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Taxation
Taxation for the year 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.

NORTHWOOD (GLASGOW) LIMITED (REGISTERED NUMBER: SC230367)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024

2. ACCOUNTING POLICIES - continued

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 year 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Patents
and
Goodwill licences Totals
£    £    £   
COST
At 1 December 2023
and 30 November 2024 61,000 29,000 90,000
AMORTISATION
At 1 December 2023
and 30 November 2024 61,000 29,000 90,000
NET BOOK VALUE
At 30 November 2024 - - -
At 30 November 2023 - - -

NORTHWOOD (GLASGOW) LIMITED (REGISTERED NUMBER: SC230367)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 December 2023
and 30 November 2024 24,786 14,838 15,908 1,064 56,596
DEPRECIATION
At 1 December 2023 12,393 14,442 14,423 1,064 42,322
Charge for year 2,479 99 371 - 2,949
At 30 November 2024 14,872 14,541 14,794 1,064 45,271
NET BOOK VALUE
At 30 November 2024 9,914 297 1,114 - 11,325
At 30 November 2023 12,393 396 1,485 - 14,274

6. FIXED ASSET INVESTMENTS
Unlisted
investments
£   
COST
At 1 December 2023
and 30 November 2024 343,286
NET BOOK VALUE
At 30 November 2024 343,286
At 30 November 2023 343,286

Market value of listed investments at 30 November 2024 - £ 343,286 (2023 - £ 343,286 ).

The above investment represents a 100% interest in the ordinary shares of Domino Estates Limited, a subsidiary undertaking held by the company

7. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Amounts owed by associates 500 500
Directors' current accounts 267,363 259,864
267,863 260,364

NORTHWOOD (GLASGOW) LIMITED (REGISTERED NUMBER: SC230367)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024

7. DEBTORS - continued
2024 2023
£    £   
Amounts falling due after more than one year:
Corporation tax recoverable 150,774 155,847

Aggregate amounts 418,637 416,211

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 10)
10,317

9,856
Trade creditors 61,935 68,425
Amounts owed to associates 530,511 420,167
Tax 38,771 55,999
Social security and other taxes 4,437 5,309
Security deposits held 122,208 132,139
Other creditors 3,131 4,286
Accrued expenses 13,592 4,301
784,902 700,482

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans (see note 10) 5,274 15,815

10. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans 10,317 9,856

Amounts falling due between one and two years:
Bank loans - 1-2 years 5,274 9,900

Amounts falling due between two and five years:
Bank loans - 2-5 years - 5,915

NORTHWOOD (GLASGOW) LIMITED (REGISTERED NUMBER: SC230367)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary £1 2 2

12. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 November 2024 and 30 November 2023:

2024 2023
£    £   
K Robin
Balance outstanding at start of year 259,863 274,894
Amounts advanced 7,500 -
Amounts repaid - (15,031 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 267,363 259,863