Registration number: SC385859

Glenfarg Real Estate Ltd

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 5

Glenfarg Real Estate Ltd

Company Information

Director

Mr Ross Calderwood

Registered office

The Windings Hatton Road Perth PH2 7DB

Accountants

Ross McConnell Chartered Accountant3 High Street Kinross KY13 8AW

Glenfarg Real Estate Ltd

(Registration number: SC385859)
Balance Sheet as at 31 July 2025

	Note	2025 £	2024 £
Fixed Assets
Investment property	4	219,085	219,085
Current assets
Debtors		27,518	27,518
Cash at bank and in hand		1,594	2,157
		29,112	29,675
Creditors: Amounts falling due within one year	5	(217,512)	(218,112)
Net current liabilities		(188,400)	(188,437)
Net assets		30,685	30,648
Capital and reserves
Called up share capital	6	10,000	10,000
Retained earnings		20,685	20,648
Shareholders' funds		30,685	30,648

For the financial year ending 31 July 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 28 April 2026
 

......................................... Mr Ross Calderwood Director

Glenfarg Real Estate Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

1	General information

The company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
The Windings
Hatton Road
Perth
PH2 7DB

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Glenfarg Real Estate Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2024 - 1).

4	Investment properties

	2025 £
At 1 August	219,085
At 31 July	219,085

There has been no valuation of investment property by an independent valuer.

Glenfarg Real Estate Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

5

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings		174,783	174,783
Director's current account		41,529	42,129
Accruals and deferred income		1,200	1,200
		217,512	218,112

6	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary shares of £1 each	10,000	10,000	10,000	10,000