Company Registration No. SC727759 (Scotland)
Giln Holdings Ltd
Unaudited accounts
for the year ended 31 March 2025
Giln Holdings Ltd
Unaudited accounts
Contents
Giln Holdings Ltd
Company Information
for the year ended 31 March 2025
Directors
Ewan Gillon
Julia Gillon
Company Number
SC727759 (Scotland)
Registered Office
2 HILL STREET
EDINBURGH
EH2 3JZ
SCOTLAND
Accountants
R Books Limited
16 Crookston Place
Peebles
Scottish Borders
EH45 9AL
Giln Holdings Ltd
Statement of financial position
as at 31 March 2025
Called up share capital not paid
100
100
Cash at bank and in hand
12,875
13,996
Creditors: amounts falling due within one year
(874)
(900)
Net current assets
872,001
872,996
Net assets
872,301
873,296
Called up share capital
100
100
Profit and loss account
872,201
873,196
Shareholders' funds
872,301
873,296
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 30 December 2025 and were signed on its behalf by
Ewan Gillon
Director
Company Registration No. SC727759
Giln Holdings Ltd
Notes to the Accounts
for the year ended 31 March 2025
Giln Holdings Ltd is a private company, limited by shares, registered in Scotland, registration number SC727759. The registered office is 2 HILL STREET, EDINBURGH, EH2 3JZ, 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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Investments in shares are included at cost. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably.
4
Investments
Subsidiary undertakings
Valuation at 1 April 2024
200
Valuation at 31 March 2025
200
Giln Holdings Ltd owns 100% of the issued share capital in GN Asset Co Ltd and 100% of the issued share capital in Therapy Base Ltd.
A loan of £860,000 was issued by Giln Holdings Ltd to GN Asset Co Ltd. The loan is repayable over 25 years, with interest due to be charged at a commercial rate of 3.25% per annum. The outstanding balance comprises £21,550 amounts due to group undertakings within one year, and £838,550 amounts due to group undertakings after more than one year.
Giln Holdings Ltd is exempt from the requirement to prepare consolidated financial statements under Companies Act 2006, s399.
Amounts falling due within one year
Amounts due from group undertakings etc.
21,450
21,450
Amounts falling due after more than one year
Amounts due from group undertakings etc.
838,550
838,450
Giln Holdings Ltd
Notes to the Accounts
for the year ended 31 March 2025
6
Creditors: amounts falling due within one year
2025
2024
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
At the year end the Directors owed the Company £100 comprising of share capital arising on incorporation.
9
Transactions with related parties
During the prior financial year a loan of £875,000, which was previously granted to Giln Holdings Ltd by First Psychology Ltd, a company under common control, was written off in full. The write off is shown on the income statement within 'Other Operating Income'.
Loan interest totalling £69,875 is due to Giln Holdings Ltd from GN Asset Co Ltd, a wholly owned subsidiary, being the interest arising since the issue of the loan. There is uncertainty over whether the interest will be received and so a provision for impairment of the interest has been included in the accounts.
10
Average number of employees
During the year the average number of employees was 0 (2024: 0).