0 false false false false false false false false false false true false false false false false false No description of principal activity 2024-11-01 Sage Accounts Production Advanced 2025 - FRS102_2025 4,055,884 4,055,884 4,055,884 xbrli:pure xbrli:shares iso4217:GBP SC695259 2024-11-01 2025-10-31 SC695259 2025-10-31 SC695259 2024-10-31 SC695259 2023-11-01 2024-10-31 SC695259 2024-10-31 SC695259 2023-10-31 SC695259 bus:LeadAgentIfApplicable 2024-11-01 2025-10-31 SC695259 bus:Director1 2024-11-01 2025-10-31 SC695259 bus:Director2 2024-11-01 2025-10-31 SC695259 core:WithinOneYear 2025-10-31 SC695259 core:WithinOneYear 2024-10-31 SC695259 core:AfterOneYear 2025-10-31 SC695259 core:AfterOneYear 2024-10-31 SC695259 core:ShareCapital 2025-10-31 SC695259 core:ShareCapital 2024-10-31 SC695259 core:OtherReservesSubtotal 2025-10-31 SC695259 core:OtherReservesSubtotal 2024-10-31 SC695259 core:RetainedEarningsAccumulatedLosses 2025-10-31 SC695259 core:RetainedEarningsAccumulatedLosses 2024-10-31 SC695259 core:CostValuation core:Non-currentFinancialInstruments 2025-10-31 SC695259 core:Non-currentFinancialInstruments 2025-10-31 SC695259 core:Non-currentFinancialInstruments 2024-10-31 SC695259 bus:SmallEntities 2024-11-01 2025-10-31 SC695259 bus:AuditExemptWithAccountantsReport 2024-11-01 2025-10-31 SC695259 bus:SmallCompaniesRegimeForAccounts 2024-11-01 2025-10-31 SC695259 bus:PrivateLimitedCompanyLtd 2024-11-01 2025-10-31 SC695259 bus:FullAccounts 2024-11-01 2025-10-31 SC695259 core:AfterOneYear 2024-11-01 2025-10-31 SC695259 bus:Director1 2025-10-31
COMPANY REGISTRATION NUMBER: SC695259

G&S Investments ( Glasgow ) Limited

Filleted Unaudited Financial Statements

31 October 2025

G&S Investments ( Glasgow ) Limited

Financial Statements

Year ended 31 October 2025

Contents | Page

Chartered accountants report to the board of directors on the preparation of the unaudited statutory financial statements | 1

Statement of financial position | 2

Notes to the financial statements | 4

G&S Investments ( Glasgow ) Limited

Chartered Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of G&S Investments ( Glasgow ) Limited

Year ended 31 October 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of G&S Investments ( Glasgow ) Limited for the year ended 31 October 2025, which comprise the statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at www.icas.com/accountspreparationguidance. This report is made solely to the Board of Directors of G&S Investments ( Glasgow ) Limited, as a body. Our work has been undertaken solely to prepare for your approval the financial statements of G&S Investments ( Glasgow ) Limited and state those matters that we have agreed to state to you, as a body, in this report in accordance with the requirements of ICAS as detailed at www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than G&S Investments ( Glasgow ) Limited and its Board of Directors, as a body, for our work or for this report.
It is your duty to ensure that G&S Investments ( Glasgow ) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of G&S Investments ( Glasgow ) Limited. You consider that G&S Investments ( Glasgow ) Limited is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the financial statements of G&S Investments ( Glasgow ) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
GILLILAND & COMPANY Chartered Accountants
216 West George Street Glasgow G2 2PQ
27 March 2026

G&S Investments ( Glasgow ) Limited

Statement of Financial Position

31 October 2025

| 2025 | 2024
Note | £ | £

Fixed assets

Investments | 4 | 4,055,884 | 4,055,884

Current assets

Debtors | 5 | 31,575 | 90,728
Cash at bank and in hand | 8,687 | 4,357
| -------- | --------
| 40,262 | 95,085

Creditors: amounts falling due within one year | 6 | 289,149 | 280,028
| --------- | ---------
Net current liabilities | 248,887 | 184,943
| ------------ | ------------
Total assets less current liabilities | 3,806,997 | 3,870,941

Creditors: amounts falling due after more than one year | 7 | 2,207,258 | 2,352,805
| ------------ | ------------
Net assets | 1,599,739 | 1,518,136
| ------------ | ------------

Capital and reserves

Called up share capital | 200 | 200
Other reserves | 1,209,517 | 1,209,517
Profit and loss account | 390,022 | 308,419
| ------------ | ------------
Shareholders funds | 1,599,739 | 1,518,136
| ------------ | ------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

G&S Investments ( Glasgow ) Limited

Statement of Financial Position (continued)

31 October 2025
These financial statements were approved by the board of directors and authorised for issue on 27 March 2026 , and are signed on behalf of the board by:

Mr S McDermott | Mr D Leonard
Director | Director

Company registration number: SC695259

G&S Investments ( Glasgow ) Limited

Notes to the Financial Statements

Year ended 31 October 2025
1. General information
The company is a private company limited by shares, registered in Scotland. The address of the registered office is 216 West George Street, Glasgow, G2 2PQ, Scotland.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
Income tax
The taxation expense represents the aggregate amount of current tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.
4. Investments

| Shares in group undertakings
| £
Cost |
At 1 November 2024 and 31 October 2025 | 4,055,884
| ------------
Impairment |
At 1 November 2024 and 31 October 2025 | –
| ------------

Carrying amount |
At 31 October 2025 | 4,055,884
| ------------
At 31 October 2024 | 4,055,884
| ------------

Details of the company's subsidiaries as at 31st October 2025 are as follows:
Name of undertaking - G & S Healthcare Ltd
Registered Office - Abbeygreen Pharmacy, 71-73 Abbeygreen, Lanark
Class of shares held - Ordinary A and B
% held direct - 100%
Name of undertaking - Millar & McGowan Limited
Registered Office - Abbeygreen Pharmacy, 71-73 Abbeygreen, Lanark
Class of shares held - Ordinary A and B
% held direct - 100%
5. Debtors

| 2025 | 2024
| £ | £
Amounts owed by group undertakings | 11,350 | 63,203
Prepayments and accrued income | 20,225 | 27,525
| -------- | --------
| 31,575 | 90,728
| -------- | --------

6. Creditors: amounts falling due within one year

| 2025 | 2024
| £ | £
Bank loans and overdrafts | 104,224 | 104,224
Amounts owed to group undertakings | 182,930 | 173,980
Accruals and deferred income | 1,795 | 1,624
Director loan accounts | 200 | 200
| --------- | ---------
| 289,149 | 280,028
| --------- | ---------

7. Creditors: amounts falling due after more than one year

| 2025 | 2024
| £ | £
Bank loans and overdrafts | 2,207,258 | 2,352,805
| ------------ | ------------

The bank holds a floating charge and fixed charge covering all properties owned by its subsidiaries.
8. Directors' advances, credits and guarantees
As at the 31st October 2025 the directors were owed £ 200 by the company (2024: £200). This loan is interest free and has no fixed date of repayment.
9. Related party transactions
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.
10. Controlling party
The company was under the control of director Mr S McDermott during the year.