REGISTERED NUMBER: SC032890 (Scotland)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

The Georgian Finance Company Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Alison Harris

George Harris

Rebecca Harris

REGISTERED OFFICE:

25 Sandyford Place

Glasgow

G3 7NG

REGISTERED NUMBER:

SC032890 (Scotland)

ACCOUNTANTS:

Stevenson & Kyles

Chartered Accountants

25 Sandyford Place

Glasgow

G3 7NG

FIXED ASSETS

Tangible assets

4

1,250,665

1,250,960

CURRENT ASSETS

Cash at bank

299,181

369,963

CREDITORS

Amounts falling due within one year

5

880,399

970,095

NET CURRENT LIABILITIES

(581,218

)

(600,132

)

TOTAL ASSETS LESS CURRENT LIABILITIES

669,447

650,828

PROVISIONS FOR LIABILITIES

6

532

739

NET ASSETS

668,915

650,089

CAPITAL AND RESERVES

Called up share capital

7

10,000

10,000

Retained earnings

8

658,915

640,089

SHAREHOLDERS' FUNDS

668,915

650,089

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 December 2025 and were signed on its behalf by:

Alison Harris - Director

1.	STATUTORY INFORMATION

The Georgian Finance Company 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

Turnover represents rental income receivable.

Depreciation

The cost of tangible fixed assets is their cost, together with any incidental costs of acquisition.

Investment properties are included at fair value. Gains or losses on revaluations are recognised in the income statement.

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

Investment properties - not provided

Fittings and equipment - 10% on reducing balance

Financial instruments

Basic financial instruments, including debtors and creditors with no stated interest rate and receivable or payable within one year, are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Fittings

Heritable

and

property

equipment

Totals

£

£

£

COST OR VALUATION

At 1 April 2024

and 31 March 2025

1,248,005

8,423

1,256,428

DEPRECIATION

At 1 April 2024

-

5,468

5,468

Charge for year

-

295

295

At 31 March 2025

-

5,763

5,763

NET BOOK VALUE

At 31 March 2025

1,248,005

2,660

1,250,665

At 31 March 2024

1,248,005

2,955

1,250,960

Cost or valuation at 31 March 2025 is represented by:

Fittings

Heritable

and

property

equipment

Totals

£

£

£

Valuation in 2022

1,207,000

-

1,207,000

Cost

41,005

8,423

49,428

1,248,005

8,423

1,256,428

If investment properties had not been revalued they would have been included at the following historical cost:

2025

2024

£

£

Cost

1,583,184

1,583,184

The market values of the investment properties have been arrived at on the basis of a valuation carried out on 31 March 2022 by the directors of the company who are not professionally qualified valuers. The valuation was arrived at by reference to market evidence of transaction prices for similar properties in their location and takes into account the state of the rental market in the areas where the properties are situated.

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Taxation and social security

27,135

30,134

Other creditors

853,264

939,961

880,399

970,095

6.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

532

739

Deferred

tax

£

Balance at 1 April 2024

739

Credit to Statement of Income and Retained Earnings during year

(207

)

Balance at 31 March 2025

532

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

10,000

Ordinary

£1

10,000

10,000

8.

RESERVES

Retained

earnings

£

At 1 April 2024

640,089

Profit for the year

89,326

Dividends

(70,500

)

At 31 March 2025

658,915

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mrs Alison Ada Harris.