GLENURE ESTATE LIMITED


Directors	COLLINET, Barbara Marie Henriette Madeleine
	COLLINET, Dominique Andre Jean, Baron
	ELWES, Frederick Joseph William


Company Secretary	BRODIES SECRETARIAL SERVICES LIMITED


Registered Address	C/O Brodies Llp Capital Square
	58 Morrison Street
	Edinburgh
	EH3 8BP


Registered Number	SC572864 (Scotland)

Balance Sheet as at
31 December 2024

	Notes	2024		2023
		£	£	£	£
Fixed assets
Intangible assets	3		1,600		1,600
Tangible assets	4		6,902,372		6,706,175
			6,903,972		6,707,775
Current assets
Stocks	5	175,420		179,350
Debtors	6	277,819		325,146
Cash at bank and on hand		432,298		174,940
		885,537		679,436
Creditors amounts falling due within one year	7	(6,731,110)		(6,083,546)
Net current assets (liabilities)			(5,845,573)		(5,404,110)
Total assets less current liabilities			1,058,399		1,303,665
Creditors amounts falling due after one year	8		-		(10,200)
Net assets			1,058,399		1,293,465
Capital and reserves
Called up share capital			100,120		100,120
Share premium			1,213,647		1,213,647
Profit and loss account			(255,368)		(20,302)
Shareholders' funds			1,058,399		1,293,465

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 27 November 2025, and are signed on its behalf by:

COLLINET, Dominique Andre Jean, Baron
Director
Registered Company No. SC572864

GLENURE ESTATE LIMITED

Notes to the Financial Statements
for the year ended 31 December 2024

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Revenue from sale of goods
	Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

Revenue from sale of goods

Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

	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.

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.

	Intangible assets
	Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:


	Reducing balance (%)	Straight line (years)
Land and buildings	-	50
Plant and machinery	15	-
Fixtures and fittings	15	-
Vehicles	25	-

	Stocks and work in progress
	Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.

Stocks and work in progress

Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss.

Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.

2.	Average number of employees


		2024		2023
	Average number of employees during the year	7		7

3.	Intangible assets

	Other	Total
	£	£
Cost or valuation
At 01 January 24	127,942	127,942
At 31 December 24	127,942	127,942
Amortisation and impairment
At 01 January 24	126,342	126,342
At 31 December 24	126,342	126,342
Net book value
At 31 December 24	1,600	1,600
At 31 December 23	1,600	1,600

4.	Tangible fixed assets

	Land & buildings	Plant & machinery	Vehicles	Fixtures & fittings	Total
	£	£	£	£	£
Cost or valuation
At 01 January 24	7,175,799	340,310	52,856	78,458	7,647,423
Additions	238,245	161,978	49,594	25,597	475,414
Disposals	(44,250)	(30,996)	-	-	(75,246)
At 31 December 24	7,369,794	471,292	102,450	104,055	8,047,591
Depreciation and impairment
At 01 January 24	714,284	162,473	25,437	39,054	941,248
Charge for year	146,251	49,244	19,253	9,702	224,450
On disposals	-	(20,479)	-	-	(20,479)
At 31 December 24	860,535	191,238	44,690	48,756	1,145,219
Net book value
At 31 December 24	6,509,259	280,054	57,760	55,299	6,902,372
At 31 December 23	6,461,515	177,837	27,419	39,404	6,706,175

5.	Stocks

	2024	2023
	£	£
Finished goods	175,420	179,350
Total	175,420	179,350

6.	Debtors: amounts due within one year

	2024	2023
	£	£
Trade debtors / trade receivables	15,041	9,006
Other debtors	28,850	8,197
Prepayments and accrued income	233,928	307,943
Total	277,819	325,146

7.	Creditors: amounts due within one year

	2024	2023
	£	£
Trade creditors / trade payables	81,623	22,340
Bank borrowings and overdrafts	-	258
Taxation and social security	-	62,393
Other creditors	5,683,322	5,150,706
Accrued liabilities and deferred income	966,165	847,849
Total	6,731,110	6,083,546

8.	Creditors: amounts due after one year

	2024	2023
	£	£
Other creditors	-	10,200
Total	-	10,200

9.	Obligations under finance leases

		2024		2023
		£		£
	Finance lease and HP contracts	-		10,200