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Company Registration No. SC727398 (Scotland)
Glenealy Property Ltd Unaudited accounts for the year ended 31 March 2025
Glenealy Property Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Glenealy Property Ltd Company Information for the year ended 31 March 2025
Directors
Mr Thompson Hamilton Mrs Sharon Hamilton
Company Number
SC727398 (Scotland)
Registered Office
166 Greenock Road Paisley Renfrewshire PA3 2LQ Scotland
Accountants
Mark Gray Ltd 76 Busby Road Clarkston Glasgow G76 7AU
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Glenealy Property Ltd Statement of financial position as at 31 March 2025
2025
2024
Notes
£
£
Fixed assets
Intangible assets
4
3,240
-
Investment property
5
273,799
125,084
277,039
125,084
Current assets
Cash at bank and in hand
18,222
5,660
Creditors: amounts falling due within one year
6
(174,070)
(136,073)
Net current liabilities
(155,848)
(130,413)
Total assets less current liabilities
121,191
(5,329)
Creditors: amounts falling due after more than one year
7
(123,600)
-
Net liabilities
(2,409)
(5,329)
Capital and reserves
Called up share capital
2
2
Profit and loss account
(2,411)
(5,331)
Shareholders' funds
(2,409)
(5,329)
For the year ending 31 March 2025 the company was entitled to exemption from audit 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 15 December 2025 and were signed on its behalf by
Mr Thompson Hamilton Director Company Registration No. SC727398
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Glenealy Property Ltd Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
Glenealy Property Ltd is a private company, limited by shares, registered in Scotland, registration number SC727398. The registered office is 166 Greenock Road, Paisley, Renfrewshire, PA3 2LQ, Scotland.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other
£
Cost
At 1 April 2024
-
Additions
3,600
At 31 March 2025
3,600
Amortisation
At 1 April 2024
-
Charge for the year
360
At 31 March 2025
360
Net book value
At 31 March 2025
3,240
5
Investment property
2025
£
Fair value at 1 April 2024
125,084
Additions
148,715
At 31 March 2025
273,799
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Glenealy Property Ltd Notes to the Accounts for the year ended 31 March 2025
6
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
900
-
Loans from directors
173,170
136,073
174,070
136,073
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
123,600
-
8
Average number of employees
During the year the average number of employees was 2 (2024: 2).
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