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Company No: SC818812 (Scotland)

# G & C DEVELOPMENTS (SCOTLAND) LIMITED

### UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL PERIOD FROM 08 AUGUST 2024 TO 31 AUGUST 2025
PAGES FOR FILING WITH THE REGISTRAR

G & C DEVELOPMENTS (SCOTLAND) LIMITED

## UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL PERIOD FROM 08 AUGUST 2024 TO 31 AUGUST 2025

Contents

G & C DEVELOPMENTS (SCOTLAND) LIMITED

## BALANCE SHEET

AS AT 31 AUGUST 2025
G & C DEVELOPMENTS (SCOTLAND) LIMITED

## BALANCE SHEET (continued)

AS AT 31 AUGUST 2025

| Note | 31.08.2025
|  | £
Fixed assets |  |
Investment property | 3 | 31,461
|  | 31,461
Current assets |  |
Debtors | 4 | 341
Cash at bank and in hand | 5 | 16,385
|  | 16,726
Creditors: amounts falling due within one year | 6 | ( 52,940)
Net current liabilities |  | (36,214)
Total assets less current liabilities |  | (4,753)
Net liabilities |  | ( 4,753)
Capital and reserves |  |
Called-up share capital | 7 | 4
Profit and loss account |  | ( 4,757 )
Total shareholders' deficit |  | ( 4,753)

For the financial period ending 31 August 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 financial period in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of G & C DEVELOPMENTS (SCOTLAND) LIMITED (registered number: SC818812) were approved and authorised for issue by the Board of Directors on 03 May 2026. They were signed on its behalf by:

Iain Forsyth Campbell Director |  | David Gibb Director

G & C DEVELOPMENTS (SCOTLAND) LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL PERIOD FROM 08 AUGUST 2024 TO 31 AUGUST 2025
G & C DEVELOPMENTS (SCOTLAND) LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL PERIOD FROM 08 AUGUST 2024 TO 31 AUGUST 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period, unless otherwise stated.

##### General information and basis of accounting

G & C DEVELOPMENTS (SCOTLAND) LIMITED (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in Scotland. The address of the Company's registered office is Links Lodge, 26 John Street, Montrose, DD10 8LZ, Scotland, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Going concern

The company has net liabilities of £5,993. The directors consider it appropriate to prepare the accounts on a going concern basis. In coming to this conclusion they confirm that they will not seek repayment of their loan account and will support the company for at least twelve months from the approval of these financial statements.

##### Reporting period length

The financial statements cover the period from incorporation on 08/08/2024 to 31/08/2025. There are no comparative figures as this is the first set of financial statements.

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

##### Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Non-financial assets
At each balance sheet date, the company reviews its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss.
If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). The recoverable amount of an asset is the higher of its fair value less costs to sell and its value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.
Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

##### Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
The fair value is determined annually by the directors, on an open market value for existing use basis.

#### 2. Employees

| Period from 08.08.2024 to 31.08.2025
| Number
Monthly average number of persons employed by the Company during the period, including directors | 2

#### 3. Investment property

| Investment property
| £
Valuation |
As at 08 August 2024 | 0
Additions | 31,461
As at 31 August 2025 | 31,461

#### 4. Debtors

| 31.08.2025
| £
Other debtors | 341

#### 5. Cash and cash equivalents

| 31.08.2025
| £
Cash at bank and in hand | 16,385

#### 6. Creditors: amounts falling due within one year

| 31.08.2025
| £
Other creditors | 52,940

#### 7. Called-up share capital

| 31.08.2025
| £
Allotted, called-up and fully-paid |
1 A ordinary share of £ 1.00 | 1
1 B ordinary share of £ 1.00 | 1
1 C ordinary share of £ 1.00 | 1
1 D ordinary share of £ 1.00 | 1
| 4