REGISTERED NUMBER: SC434486 (Scotland)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

FOR

IHL (GLASGOW) LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Miss F Pole

REGISTERED OFFICE:

54a Balshagray Drive

Glasgow

G11 7DA

REGISTERED NUMBER:

SC434486 (Scotland)

ACCOUNTANTS:

Kean Jarman & Company

Chartered Accountants

27 Ingram Street

Glasgow

G1 1HA

FIXED ASSETS

Tangible assets

4

71,118

85,218

Investments

5

65,000

65,000

136,118

150,218

CURRENT ASSETS

Debtors

6

74,665

3,610

Investments

7

-

125,000

Cash at bank

81,174

95,801

155,839

224,411

CREDITORS

Amounts falling due within one year

8

63,626

52,311

NET CURRENT ASSETS

92,213

172,100

TOTAL ASSETS LESS CURRENT LIABILITIES

228,331

322,318

CREDITORS

Amounts falling due after more than one year

9

(50,884

)

(68,411

)

PROVISIONS FOR LIABILITIES

(13,512

)

(18,603

)

NET ASSETS

163,935

235,304

CAPITAL AND RESERVES

Called up share capital

75,900

75,900

Retained earnings

88,035

159,404

SHAREHOLDERS' FUNDS

163,935

235,304

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

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 director and authorised for issue on 6 May 2026 and were signed by:

Miss F Pole - Director

1.	STATUTORY INFORMATION

IHL (Glasgow) Ltd 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.

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.

Turnover

Turnover is measured at the fair value of commissions and fees received.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

15% on reducing balance

Computer equipment

-

15% on reducing balance

Taxation

Taxation for the year 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2025 - 8 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2025

3,164

110,768

11,338

125,270

Disposals

(3,164

)

-

(3,552

)

(6,716

)

At 31 March 2026

-

110,768

7,786

118,554

DEPRECIATION

At 1 April 2025

2,431

30,738

6,883

40,052

Charge for year

-

12,005

545

12,550

Eliminated on disposal

(2,431

)

-

(2,735

)

(5,166

)

At 31 March 2026

-

42,743

4,693

47,436

NET BOOK VALUE

At 31 March 2026

-

68,025

3,093

71,118

At 31 March 2025

733

80,030

4,455

85,218

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 April 2025

and 31 March 2026

110,768

DEPRECIATION

At 1 April 2025

30,738

Charge for year

12,005

At 31 March 2026

42,743

NET BOOK VALUE

At 31 March 2026

68,025

At 31 March 2025

80,030

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 April 2025

and 31 March 2026

65,000

NET BOOK VALUE

At 31 March 2026

65,000

At 31 March 2025

65,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Other debtors

73,000

2,000

Prepayments and accrued income

1,665

1,610

74,665

3,610

7.	CURRENT ASSET INVESTMENTS

31.3.26

31.3.25

£

£

Listed investments

-

125,000

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Hire purchase contracts (see note 10)

17,527

17,527

Trade creditors

3,324

2,229

Tax

-

17,546

Social security and other taxes

12,917

13,641

Other creditors

13,490

1,368

Accrued expenses

16,368

-

63,626

52,311

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.26

31.3.25

£

£

Hire purchase contracts (see note 10)

50,884

68,411

10.	LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

31.3.26

31.3.25

£

£

Gross obligations repayable:

Within one year

23,353

23,353

Between one and five years

67,797

91,150

91,150

114,503

Finance charges repayable:

Within one year

5,826

5,826

Between one and five years

16,913

22,739

22,739

28,565

Net obligations repayable:

Within one year

17,527

17,527

Between one and five years

50,884

68,411

68,411

85,938

11.	ULTIMATE CONTROLLING PARTY

The controlling party is Miss F Pole.