REGISTERED NUMBER: SC253286 (Scotland)

Ian Gordon Catering Limited

Unaudited Financial Statements

for the Year Ended 31 July 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

I J Gordon

SECRETARY:

I J Gordon

REGISTERED OFFICE:

9/8 Connaught Place

Edinburgh

EH6 4RQ

REGISTERED NUMBER:

SC253286 (Scotland)

ACCOUNTANTS:

Whitelaw Wells

9 Ainslie Place

Edinburgh

Midlothian

EH3 6AT

BANKERS:

The Royal Bank of Scotland plc

Edinburgh West End Office

142-144 Princes Street

Edinburgh

EH2 4EQ

FIXED ASSETS

Tangible assets

4

-

-

Investment property

5

260,000

220,000

260,000

220,000

CURRENT ASSETS

Cash at bank

49,614

36,979

CREDITORS

Amounts falling due within one year

6

10,472

9,610

NET CURRENT ASSETS

39,142

27,369

TOTAL ASSETS LESS CURRENT LIABILITIES

299,142

247,369

PROVISIONS FOR LIABILITIES

2,806

-

NET ASSETS

296,336

247,369

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Fair value reserve

7

97,019

59,825

Retained earnings

7

198,317

186,544

SHAREHOLDERS' FUNDS

296,336

247,369

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2025 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.

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 2 December 2025 and were signed by:

I J Gordon - Director

1.	STATUTORY INFORMATION

Ian Gordon Catering 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 as modified by the revaluation of certain assets.

Turnover and revenue recognition

Turnover represents income from property rental. Revenue is recognised in accordance with the terms of the lease agreement.

Investment property

Investment properties are shown at their open market value. The surplus or deficit arising from the annual revaluation is transferred to the investment revaluation reserve unless a deficit, or its reversal, on an individual investment property is expected to be permanent, in which case it is recognised in the profit and loss account for the year.

Financial instruments

The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

All loans with related parties are all repayable on demand.

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.

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.

Provisions

Provisions are recognised where the company has a present obligation as a result of a past event, it is probable the company will be required to settle the obligations, and a reliable estimate can be made of the obligations. The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the end of the reporting period, taking into account the risks and uncertainties surrounding the obligation.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 August 2024

and 31 July 2025

570

DEPRECIATION

At 1 August 2024

and 31 July 2025

570

NET BOOK VALUE

At 31 July 2025

-

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 August 2024

220,000

Revaluations

40,000

At 31 July 2025

260,000

NET BOOK VALUE

At 31 July 2025

260,000

At 31 July 2024

220,000

The investment property was valued on an open market basis by Shepherd Chartered Surveyors, who are professional value surveyors on 18 June 2025.

Fair value at 31 July 2025 is represented by:

£

Valuation in 2015

19,824

Valuation in 2017

9,000

Valuation in 2018

5,515

Valuation in 2021

9,467

Valuation in 2022

9,940

Valuation in 2023

6,078

Valuation in 2025

40,000

Cost

160,176

260,000

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Taxation and social security

2,879

2,888

Other creditors

7,593

6,722

10,472

9,610

Included in other creditors is a balance due on the director's current account. This balance is unsecured, interest-free, and repayable on demand.

7.

RESERVES

Fair

Retained

value

earnings

reserve

Totals

£

£

£

At 1 August 2024

186,544

59,825

246,369

Profit for the year

49,467

-

49,467

Dividends

(500

)

-

(500

)

Property revaluation

(37,194

)

37,194

-

At 31 July 2025

198,317

97,019

295,336

The fair value reserve represents the net revaluation surplus that is not readily distributable as realised earnings.