REGISTERED NUMBER: SC590043 (Scotland)

HENDRY & CO DEVELOPMENTS LTD

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J K Hendry

Mrs L L Hendry

REGISTERED OFFICE:

1 Village Drive

Red Deer Village

Stepps

Glasgow

G33 6FQ

REGISTERED NUMBER:

SC590043 (Scotland)

ACCOUNTANTS:

Benham Conway & Co

16 Royal Crescent

Glasgow

G3 7SL

FIXED ASSETS

Tangible assets

4

1,234,058

1,214,325

CURRENT ASSETS

Stocks

30,744

33,911

Debtors

5

2,586

3,559

Cash at bank

-

50,979

33,330

88,449

CREDITORS

Amounts falling due within one year

6

475,010

464,401

NET CURRENT LIABILITIES

(441,680

)

(375,952

)

TOTAL ASSETS LESS CURRENT LIABILITIES

792,378

838,373

CREDITORS

Amounts falling due after more than one year

7

907,393

941,087

NET LIABILITIES

(115,015

)

(102,714

)

CAPITAL AND RESERVES

Called up share capital

120

120

Retained earnings

(115,135

)

(102,834

)

(115,015

)

(102,714

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 3 December 2025 and were signed on its behalf by:

J K Hendry - Director

1.	STATUTORY INFORMATION

Hendry & Co Developments Ltd 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 represents sales of goods and services provided during the year, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Land and Buildings - 2% on cost and 0% on cost

Plant and machinery etc - 33% on cost, 25% on reducing balance, 20% on cost and 10% on cost

Land is not depreciated.

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowances for obsolete and slow moving items.

Financial instruments

Basic financial instruments, including trade and other debtors, trade and other creditors and bank loans are initially recognised at transaction price and are subsequently carried at amortised cost, using the effective interest rate method.

Taxation

Taxation for the year comprises current 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 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.

Going concern

The directors have prepared the accounts on a going concern basis, despite their being net liabilities at the balance sheet date, as the company has continued to trade since the year end and is meeting its liabilities as they fall due.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

Buildings

etc

Totals

£

£

£

COST

At 1 April 2024

991,558

308,420

1,299,978

Additions

2,953

58,562

61,515

Disposals

-

(142

)

(142

)

At 31 March 2025

994,511

366,840

1,361,351

DEPRECIATION

At 1 April 2024

2,452

83,201

85,653

Charge for year

1,195

40,587

41,782

Eliminated on disposal

-

(142

)

(142

)

At 31 March 2025

3,647

123,646

127,293

NET BOOK VALUE

At 31 March 2025

990,864

243,194

1,234,058

At 31 March 2024

989,106

225,219

1,214,325

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Other debtors

2,586

3,559

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

35,097

25,943

Trade creditors

2,111

-

Directors' loan account

59,718

59,318

Taxation and social security

3,275

2,541

Other creditors

374,809

376,599

475,010

464,401

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

907,393

941,087

Bank loans repayable by instalments falling due in more than five years are £756,229 (2024, £810,576).

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

£

Bank overdraft

2,891

-

Bank loans

939,599

967,030

942,490

967,030

At 31 March 2025 the company has provided to its bankers a floating charge and fixed charges over its property and at the previous year end had also provided its bankers with security over cash deposits for bank borrowings.

9.	RELATED PARTY DISCLOSURES