ACCOUNTS - Final Accounts

Company Registration Number: SC212284

GOWTON LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

GOWTON LIMITED

REGISTERED NUMBER: SC212284

STATEMENT OF FINANCIAL POSITION

AS AT 31 DECEMBER 2024

		2024		2023
Note		£		£


Current assets
Debtors: amounts falling due within one year	4	739,966		741,710
Cash at bank and in hand		285		198
		740,251		741,908
Creditors: amounts falling due within one year	5	(487,848)		(488,557)
Net current assets			252,403		253,351
Total assets less current liabilities			252,403		253,351

Net assets			252,403		253,351

Capital and reserves
Called up share capital	6	2	2
Profit and loss account		252,401	253,349
		252,403	253,351

The Directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006.

The members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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 financial statements 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 - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

Lynn Mortimer

Director

Date: 26 September 2025

The notes on pages 2 to 3 form part of these financial statements.

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GOWTON LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1.	General information

Gowton Limited is a private company, limited by shares, registered in Scotland. The Company's registered number is SC212284 and the registered office address is 3rd Floor, 11 Royal Exchange Square, Glasgow, G1 3AJ.
The principal activity of the Company in the year under review was that of an investment company.
These financial statements have been presented in pound sterling, rounded to the nearest pound, as this is the currency of the primary economic environment in which the Company operates.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:

2.2

Debtors

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.

2.3

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.4

Creditors

Short-term 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.

Employees

The average monthly number of employees, including directors, during the year was 3 (2023 - 1).

Debtors

					2024	2023
					£	£


Amounts owed by group undertakings	739,966	741,710
	739,966	741,710

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GOWTON LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

5.	Creditors: Amounts falling due within one year
		2024	2023
		£	£

Amounts owed to group undertakings	486,348	486,348
Other creditors	-	709
Accruals and deferred income	1,500	1,500
	487,848	488,557

6.	Share capital
		2024	2023
		£	£

Allotted, called up and fully paid

2 (2023 - 2) Ordinary shares of £1.00 each	2	2

7.	Related party transactions
	The Company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

8.	Controlling party

The Company's parent undertaking at the balance sheet date was Lynnet Leisure (Properties) Limited. The Company's ultimate parent undertaking at the balance sheet date was Ediston (RES) Limited, a company incorporated in Scotland. Their registered address is 1 St. Andrew Square, Edinburgh, Scotland, EH2 2BD.
The Company’s results are included within the consolidated accounts of Ediston (RES) Limited which can be found on www.companieshouse.co.uk.
The ultimate controlling party at the date the accounts were issued was Daniel O'Neill.

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