Great Interest Limited - Filleted accounts

Registered number

SC360841

Great Interest Limited

Filleted Accounts

31 December 2024

Great Interest Limited
Registered number:		SC360841
Balance Sheet
as at 31 December 2024

Notes			2024			2023
£				£
Current assets
Debtors	3	39,620,206			32,705,654
Cash at bank and in hand		29,678,769			30,222,443
		69,298,975			62,928,097

Creditors: amounts falling due within one year	4	(64,920,030)			(59,520,800)

Net current assets			4,378,945			3,407,297

Net assets			4,378,945			3,407,297

Capital and reserves
Called up share capital			1			1
Profit and loss account			4,378,944			3,407,296

Shareholder's funds			4,378,945			3,407,297

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Simon M Howie
Director
Approved by the board on 5 September 2025

Great Interest Limited
Notes to the Accounts
for the year ended 31 December 2024


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is the interest received and receivable on loans made to companies that are part of the wider Simon Howie Group of companies.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.


2	Employees	2024		2023
Number			Number

	Average number of persons employed by the company	0		0


3	Debtors	2024		2023
£			£

	Other debtors	39,620,206		32,705,654


4	Creditors: amounts falling due within one year	2024		2023
£			£

	Taxation and social security costs	273,882		217,530
	Other creditors	64,646,148		59,303,270
		64,920,030		59,520,800


5	Transactions with the director

	The director has loaned £7,236,000 (2023: £13,736,000) to the company. The loan is interest free and repayable on demand.


6	Controlling party

	The company was under the control of the director, Mr Simon M Howie, throughout the year.


7	Other information

	Great Interest Limited is a private company limited by shares and incorporated in Scotland. Its registered office is:
	Findony
	Muckhart Road
	Dunning
	Perthshire
	PH2 0RA