IRIS Accounts Production v25.4.12.37 SC543403 Board of Directors Board of Directors 1.4.24 30.6.25 30.6.25 false true false false true false Fair value model 912490 759485 183305 111503 30300 800987 912490 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh SC543403 2024-03-31 SC543403 2025-06-30 SC543403 2024-04-01 2025-06-30 SC543403 2023-03-31 SC543403 2023-04-01 2024-03-31 SC543403 2024-03-31 SC543403 ns15:Scotland 2024-04-01 2025-06-30 SC543403 ns14:PoundSterling 2024-04-01 2025-06-30 SC543403 ns10:Director1 2024-04-01 2025-06-30 SC543403 ns10:Director2 2024-04-01 2025-06-30 SC543403 ns10:PrivateLimitedCompanyLtd 2024-04-01 2025-06-30 SC543403 ns10:SmallEntities 2024-04-01 2025-06-30 SC543403 ns10:AuditExempt-NoAccountantsReport 2024-04-01 2025-06-30 SC543403 ns10:SmallCompaniesRegimeForDirectorsReport 2024-04-01 2025-06-30 SC543403 ns10:SmallCompaniesRegimeForAccounts 2024-04-01 2025-06-30 SC543403 ns10:FullAccounts 2024-04-01 2025-06-30 SC543403 42 ns10:Director2 2024-03-31 SC543403 42 ns10:Director2 2023-03-31 SC543403 42 ns10:Director2 2023-04-01 2024-03-31 SC543403 42 ns10:Director2 2024-04-01 2025-06-30 SC543403 42 ns10:Director2 2025-06-30 SC543403 42 ns10:Director2 2024-03-31 SC543403 ns10:RegisteredOffice 2024-04-01 2025-06-30 SC543403 ns5:CurrentFinancialInstruments 2025-06-30 SC543403 ns5:CurrentFinancialInstruments 2024-03-31 SC543403 ns5:Non-currentFinancialInstruments 2025-06-30 SC543403 ns5:Non-currentFinancialInstruments 2024-03-31 SC543403 ns5:ShareCapital 2025-06-30 SC543403 ns5:ShareCapital 2024-03-31 SC543403 ns5:RetainedEarningsAccumulatedLosses 2025-06-30 SC543403 ns5:RetainedEarningsAccumulatedLosses 2024-03-31 SC543403 ns5:PlantMachinery 2024-04-01 2025-06-30 SC543403 ns5:PlantMachinery 2024-03-31 SC543403 ns5:PlantMachinery 2025-06-30 SC543403 ns5:PlantMachinery 2024-03-31 SC543403 ns5:CostValuation 2024-03-31 SC543403 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-06-30 SC543403 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-03-31 SC543403 ns5:Non-currentFinancialInstruments ns5:BetweenOneTwoYears 2025-06-30 SC543403 ns5:Non-currentFinancialInstruments ns5:BetweenOneTwoYears 2024-03-31 SC543403 ns5:Non-currentFinancialInstruments ns5:BetweenTwoFiveYears 2025-06-30 SC543403 ns5:Non-currentFinancialInstruments ns5:BetweenTwoFiveYears 2024-03-31 SC543403 ns5:MoreThanFiveYears ns5:Non-currentFinancialInstruments 2025-06-30 SC543403 ns5:MoreThanFiveYears ns5:Non-currentFinancialInstruments 2024-03-31 SC543403 ns5:Secured 2025-06-30 SC543403 ns5:Secured 2024-03-31 SC543403 ns10:Director1 1 2024-03-31 SC543403 ns10:Director1 1 2023-03-31 SC543403 ns10:Director1 1 2024-04-01 2025-06-30 SC543403 ns10:Director1 1 2023-04-01 2024-03-31 SC543403 ns10:Director1 1 2025-06-30 SC543403 ns10:Director1 1 2024-03-31

REGISTERED NUMBER: SC543403 (Scotland)

Unaudited Financial Statements

for the Period 1 April 2024 to 30 June 2025

for

Glenisla Developments Limited

Glenisla Developments Limited (Registered number: SC543403)

Contents of the Financial Statements

for the Period 1 April 2024 to 30 June 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

Glenisla Developments Limited

Company Information

for the Period 1 April 2024 to 30 June 2025

| DIRECTORS: | G W Fairley

| M J Officer

| REGISTERED OFFICE: | Second Floor

| Airbles House

| 270 Airbles Road

| Motherwell

| ML1 3AT

| REGISTERED NUMBER: | SC543403 (Scotland)

| ACCOUNTANTS: | Accountants Plus

| Chartered Certified Accountants

| Second Floor

| Airbles House

| 270 Airbles Road

| Motherwell

| ML1 3AT

Glenisla Developments Limited (Registered number: SC543403)

Balance Sheet

30 June 2025

| 30.6.25 | 31.3.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 15,031 |  | 21,727 |  |

Investments | 5 | 100 |  | 100 |  |

Investment property | 6 | 1,481,404 |  | 1,481,404 |  |

1,496,535 |  | 1,503,231 |  |

CURRENT ASSETS

Stocks | 14,675,000 |  | 16,344,398 |  |

Debtors | 7 | 6,965,052 |  | 1,243,012 |  |

Cash at bank and in hand | 19,931 |  | 3,631 |  |

21,659,983 |  | 17,591,041 |  |

CREDITORS

Amounts falling due within one year | 8 | 18,795,288 |  | 11,799,547 |  |

NET CURRENT ASSETS | 2,864,695 |  | 5,791,494 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 4,361,230 |  | 7,294,725 |  |

CREDITORS

Amounts falling due after more than one year | 9 | 121,846 |  | 44,007 |  |

NET ASSETS | 4,239,384 |  | 7,250,718 |  |

CAPITAL AND RESERVES

Called up share capital | 10,000 |  | 10,000 |  |

Retained earnings | 4,229,384 |  | 7,240,718 |  |

4,239,384 |  | 7,250,718 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 June 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.

Glenisla Developments Limited (Registered number: SC543403)

Balance Sheet - continued

30 June 2025

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 19 March 2026 and were signed on its behalf by:

G W Fairley - Director

M J Officer - Director

Glenisla Developments Limited (Registered number: SC543403)

Notes to the Financial Statements

for the Period 1 April 2024 to 30 June 2025

1. | STATUTORY INFORMATION

| Glenisla Developments 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.

| The presentation currency of the financial statements is the Pound Sterling (£).

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

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

| Plant and machinery etc | - | 20% on cost

| Investments in subsidiaries

| Investments in subsidiary undertakings are recognised at cost.

| 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.

| Stocks

| Work in progress is valued at the lower of cost and net realisable value.

| Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

| Financial instruments

| Debtors

| Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

| Creditors

| Short term creditors are measured at transaction price, less any impairment. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

| Cash and bank balances

| Cash and bank balances are measured at the transaction price.

Glenisla Developments Limited (Registered number: SC543403)

Notes to the Financial Statements - continued

for the Period 1 April 2024 to 30 June 2025

2. | ACCOUNTING POLICIES - continued

| Taxation

| Taxation for the period 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 period 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.

| Hire purchase and leasing commitments

| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. | EMPLOYEES AND DIRECTORS

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

Glenisla Developments Limited (Registered number: SC543403)

Notes to the Financial Statements - continued

for the Period 1 April 2024 to 30 June 2025

4. | TANGIBLE FIXED ASSETS

| Plant and

| machinery

| etc

£ |

| COST

| At 1 April 2024 | 319,783 |  |

| Additions | 988 |  |

| At 30 June 2025 | 320,771 |  |

| DEPRECIATION

| At 1 April 2024 | 298,056 |  |

| Charge for period | 7,684 |  |

| At 30 June 2025 | 305,740 |  |

| NET BOOK VALUE

| At 30 June 2025 | 15,031 |  |

| At 31 March 2024 | 21,727 |  |

5. | FIXED ASSET INVESTMENTS

| Shares in

| group

| undertakings

£ |

| COST

| At 1 April 2024

| and 30 June 2025 | 100 |  |

| NET BOOK VALUE

| At 30 June 2025 | 100 |  |

| At 31 March 2024 | 100 |  |

6. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1 April 2024

| and 30 June 2025 | 1,481,404 |  |

| NET BOOK VALUE

| At 30 June 2025 | 1,481,404 |  |

| At 31 March 2024 | 1,481,404 |  |

Glenisla Developments Limited (Registered number: SC543403)

Notes to the Financial Statements - continued

for the Period 1 April 2024 to 30 June 2025

7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 30.6.25 |  | 31.3.24

£ | £ |

| Amounts owed by participating interests | 5,800,000 |  | - |  |

| Other debtors | 355,474 |  | 306,056 |  |

| Directors' current accounts | 800,986 |  | 912,490 |  |

| VAT | 3,012 |  | 24,466 |  |

| Prepayments | 5,580 |  | - |  |

6,965,052 |  | 1,243,012 |  |

8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 30.6.25 |  | 31.3.24

£ | £ |

| Bank loans and overdrafts | 246,829 |  | 5,000 |  |

| Other loans | 17,399,249 |  | 10,376,660 |  |

| Hire purchase contracts | 4,922 |  | 8,605 |  |

| Trade creditors | 597,982 |  | 335,005 |  |

| Amounts owed to participating interests | 468,781 |  | 852,141 |  |

| Tax | 49,418 |  | 51,640 |  |

| Other creditors | 23,557 |  | 28,033 |  |

| Accrued expenses | 4,550 |  | 142,463 |  |

18,795,288 |  | 11,799,547 |  |

9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

| 30.6.25 |  | 31.3.24

£ | £ |

| Bank loans - 1-2 years | 67,114 |  | 5,000 |  |

| Bank loans - 2-5 years | 41,900 |  | 15,000 |  |

| Bank loans more 5 yr by instal | 7,500 |  | 13,750 |  |

| Hire purchase contracts | 5,332 |  | 10,257 |  |

121,846 |  | 44,007 |  |

| Amounts falling due in more than five years:

| Repayable by instalments

| Bank loans more 5 yr by instal | 7,500 |  | 13,750 |  |

Glenisla Developments Limited (Registered number: SC543403)

Notes to the Financial Statements - continued

for the Period 1 April 2024 to 30 June 2025

10. | SECURED DEBTS

| The following secured debts are included within creditors:

| 30.6.25 |  | 31.3.24

£ | £ |

| Hire purchase contracts | 10,254 |  | 18,862 |  |

| Other loan | 17,399,248 |  | 10,376,660 |  |

17,409,502 |  | 10,395,522 |  |

| Hire purchase contracts are secured over the assets to which they relate.

| The other loan is secured by a fixed and floating charge over all property or undertakings of the company.

11. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to directors subsisted during the period ended 30 June 2025 and the year ended 31 March 2024:

| 30.6.25 |  | 31.3.24

£ | £ |

| G W Fairley and M J Officer

| Balance outstanding at start of period | 912,490 |  | 759,485 |  |

| Amounts advanced | - |  | 183,305 |  |

| Amounts repaid | (111,503 | ) | (30,300 | ) |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of period | 800,987 |  | 912,490 |  |