Gillander Properties Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: SC298431 (Scotland)

Financial Statements for the Year Ended 31 March 2025

for

Gillander Properties Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Report of the Accountant

6

DIRECTORS:

D G Bruce

L M Bruce

REGISTERED OFFICE:

3 Craigmill Cottages

Back Row

Bridgefoot

Dundee

DD3 0PH

REGISTERED NUMBER:

SC298431 (Scotland)

ACCOUNTANT:

Lisa Barclay Accountancy Services Limited

PO Box 7003

Forfar

Angus

DD8 0BA

FIXED ASSETS

Investment property

4

286,069

CURRENT ASSETS

Debtors

5

386

300

Cash at bank

3,268

11,397

3,654

11,697

CREDITORS

Amounts falling due within one year

6

179,690

184,089

NET CURRENT LIABILITIES

(176,036

)

(172,392

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

110,033

113,677

CREDITORS

Amounts falling due after more than one
year

7

71,202

76,494

NET ASSETS

38,831

37,183

CAPITAL AND RESERVES

Called up share capital

2

Retained earnings

38,829

37,181

SHAREHOLDERS' FUNDS

38,831

37,183

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 4 December 2025 and were signed on its behalf by:

D G Bruce - Director

1.	STATUTORY INFORMATION

Gillander Properties 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

286,069

NET BOOK VALUE

At 31 March 2025

286,069

At 31 March 2024

286,069

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Other debtors

386

300

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Taxation and social security

386

885

Other creditors

179,304

183,204

179,690

184,089

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2025

2024

£

Bank loans

71,202

76,494

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

65,912

71,590

8.	RELATED PARTY DISCLOSURES

The company was under the control of D G Bruce and L M Bruce throughout the current and previous year. D G Bruce and L M Bruce hold 100% of the shares and D G Bruce is the Managing Director.

No dividends were paid during the year.

Included in Other Creditors is a balance of £178,224 (2024 - £182,904) in respect of the Directors Loan Accounts. During the year, £5,320 (2024 - £3,440) was advanced to the company and £10,000 (2024 - £Nil) was repaid to the directors. No interest is payable on amounts advanced to the company.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2025 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, I have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to me.

Lisa Barclay Accountancy Services Limited

PO Box 7003

Forfar

Angus

DD8 0BA

4 December 2025