Company registration number SC181138 (Scotland)
GLEN GROCERIES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
GLEN GROCERIES LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
GLEN GROCERIES LIMITED
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Investment property
5
364,500
364,500
Current assets
Stocks
11,000
11,000
Debtors
6
6,178
2,863
Cash at bank and in hand
1,131
1,925
18,309
15,788
Creditors: amounts falling due within one year
7
(78,780)
(58,491)
Net current liabilities
(60,471)
(42,703)
Total assets less current liabilities
304,029
321,797
Creditors: amounts falling due after more than one year
8
(68,122)
(79,444)
Net assets
235,907
242,353
Capital and reserves
Called up share capital
9
100
100
Profit and loss reserves
235,807
242,253
Total equity
235,907
242,353

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 14 November 2025
H Rehman
Director
Company registration number SC181138 (Scotland)
GLEN GROCERIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 2 -
1
Accounting policies
Company information

Glen Groceries Limited is a private company limited by shares incorporated in Scotland. The registered office is Macfarlane Gray House, Castlecraig Business Park, Springbank Road, Stirling, Stirlingshire, FK7 7WT.

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 a mounts 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
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and machinery
20% on cost
Fixtures, fittings & equipment
20% on cost
Motor vehicles
25% on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Investment properties

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Investment property is carried at fair value determined annually by the directors and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Statement of comprehensive income.

1.5
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

GLEN GROCERIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 3 -
1.6
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the director is 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 year was:

2025
2024
Number
Number
Total
2
2
4
Tangible fixed assets
Plant and machinery
Fixtures, fittings & equipment
Motor vehicles
Total
£
£
£
£
Cost
At 1 April 2024 and 31 March 2025
2,087
9,809
15,798
27,694
Depreciation and impairment
At 1 April 2024 and 31 March 2025
2,087
9,809
15,798
27,694
Carrying amount
At 31 March 2025
-
0
-
0
-
0
-
0
At 31 March 2024
-
0
-
0
-
0
-
0
5
Investment property
2025
£
Fair value
At 1 April 2024 and 31 March 2025
364,500
GLEN GROCERIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
5
Investment property
(Continued)
- 4 -

The fair value of the investment property has been arrived at on the basis of a valuation carried out in July 2015 by Graham & Sibbald Chartered Surveyors, who are not connected with the company. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

The Directors have considered the valuations and have arrived at the conclusion that values have not

changed from those placed on the properties at July 2015.

6
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
6,178
2,863
7
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
8,450
5,580
Trade creditors
7,916
-
0
Taxation and social security
-
0
407
Other creditors
62,414
52,504
78,780
58,491

The Royal Bank of Scotland PLC have standard security over:

89B Brook Street, Alva CLK1546.

87 Brook Street Alva CLK8227.

Garage at 89 Brook Street, Alva CLK12271.

65 Stirling Street, Alva CLK8851.

89 Brook Street, Alva (clk 3072).

50 Rose Street, Alloa.

The Royal Bank of Scotland PLC also have a bond & floating charge over the undertaking and all property and assets present and future of the company including uncalled capital.

8
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
68,122
79,444
GLEN GROCERIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 5 -
9
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
100
100
100
100
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