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REGISTERED NUMBER: SC121506 (Scotland)

Unaudited Financial Statements

for the Period 31 December 2023 to 22 December 2024

for

Glen Coaches Limited

| Glen Coaches Limited (Registered number: SC121506) |

Contents of the Financial Statements

for the Period 31 December 2023 to 22 December 2024

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| Glen Coaches Limited |

Company Information

for the Period 31 December 2023 to 22 December 2024

| DIRECTOR: | Samuel McPherson

| SECRETARY: | Samuel McPherson

| REGISTERED OFFICE: | 25 Sandyford Place

| Glasgow

| G3 7NG

| REGISTERED NUMBER: | SC121506 (Scotland)

| ACCOUNTANTS: | Stevenson & Kyles

| Chartered Accountants

| 25 Sandyford Place

| Glasgow

| G3 7NG

| Glen Coaches Limited (Registered number: SC121506) |

Balance Sheet

22 December 2024

| 2024 | 2023 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 196,006 |  | 16,128 |  |

CURRENT ASSETS

Debtors | 5 | 106,637 |  | 251,031 |  |

Cash at bank | 12,277 |  | 1,873 |  |

118,914 |  | 252,904 |  |

CREDITORS

Amounts falling due within one year | 6 | 112,262 |  | 73,556 |  |

NET CURRENT ASSETS | 6,652 |  | 179,348 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 202,658 |  | 195,476 |  |

CREDITORS

Amounts falling due after more than one year | 7 | (87,844 | ) | (14,179 | ) |

PROVISIONS FOR LIABILITIES | 8 | - |  | (1,575 | ) |

NET ASSETS | 114,814 |  | 179,722 |  |

CAPITAL AND RESERVES

Called up share capital | 9 | 50,000 |  | 50,000 |  |

Retained earnings | 64,814 |  | 129,722 |  |

SHAREHOLDERS' FUNDS | 114,814 |  | 179,722 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 22 December 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 22 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

| Glen Coaches Limited (Registered number: SC121506) |

Balance Sheet - continued

22 December 2024

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 4 August 2026 and were signed by:

Samuel McPherson - Director

| Glen Coaches Limited (Registered number: SC121506) |

Notes to the Financial Statements

for the Period 31 December 2023 to 22 December 2024

1. | STATUTORY INFORMATION

| Glen Coaches 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.

| 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 each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

| Motor vehicles | - | 20% on reducing balance

| Financial instruments

| Basic financial instruments, including debtors and creditors with no stated interest rate and receivable or payable within one year, are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses.

| Taxation

| Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

| Glen Coaches Limited (Registered number: SC121506) |

Notes to the Financial Statements - continued

for the Period 31 December 2023 to 22 December 2024

2. | ACCOUNTING POLICIES - continued

| 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.

| Grant income

| Where applicable, grants from the government are recognised at their fair value where there is a reasonable assurance that the grant will be received and that the company will comply with all attached conditions. Where the grant income relates to a particular expense item, the grant income is recognised in the profit and loss account over the same period as the expense it is intended to compensate.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the period was 4 (2023 - 4 ) .

4. | TANGIBLE FIXED ASSETS

| Motor

| vehicles

£ |

| COST

| At 31 December 2023 | 31,500 |  |

| Additions | 458,750 |  |

| Disposals | (230,000 | ) |

| At 22 December 2024 | 260,250 |  |

| DEPRECIATION

| At 31 December 2023 | 15,372 |  |

| Charge for period | 48,872 |  |

| At 22 December 2024 | 64,244 |  |

| NET BOOK VALUE

| At 22 December 2024 | 196,006 |  |

| At 30 December 2023 | 16,128 |  |

| Glen Coaches Limited (Registered number: SC121506) |

Notes to the Financial Statements - continued

for the Period 31 December 2023 to 22 December 2024

4. | TANGIBLE FIXED ASSETS - continued

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

| Motor

| vehicles

£ |

| COST

| At 31 December 2023 | 29,000 |  |

| Additions | 84,000 |  |

| Disposals | (84,000 | ) |

| At 22 December 2024 | 29,000 |  |

| DEPRECIATION

| At 31 December 2023 | 14,152 |  |

| Charge for period | 2,970 |  |

| At 22 December 2024 | 17,122 |  |

| NET BOOK VALUE

| At 22 December 2024 | 11,878 |  |

| At 30 December 2023 | 14,848 |  |

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

2024 | 2023 |

£ | £ |

| Trade debtors | 32,170 |  | 23,657 |  |

| Amounts owed by participating interests | 74,467 |  | 227,374 |  |

106,637 |  | 251,031 |  |

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

2024 | 2023 |

£ | £ |

| Bank loans and overdrafts | 10,000 |  | 10,000 |  |

| Hire purchase contracts | 32,417 |  | 5,156 |  |

| Taxation and social security | 25,127 |  | 30,027 |  |

| Other creditors | 44,718 |  | 28,373 |  |

112,262 |  | 73,556 |  |

| Glen Coaches Limited (Registered number: SC121506) |

Notes to the Financial Statements - continued

for the Period 31 December 2023 to 22 December 2024

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

2024 | 2023 |

£ | £ |

| Bank loans | 4,886 |  | 14,179 |  |

| Hire purchase contracts | 82,958 |  | - |  |

87,844 |  | 14,179 |  |

8. | PROVISIONS FOR LIABILITIES

2024 | 2023 |

£ | £ |

| Deferred tax | - |  | 1,575 |  |

| Deferred |

| tax |

£ |

| Balance at 31 December 2023 | 1,575 |  |

| Provided during period | (1,575 | ) |

| Balance at 22 December 2024 | - |  |

9. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2024 | 2023 |

| value: | £ | £ |

| 50,000 | Ordinary | £1 | 50,000 |  | 50,000 |  |

10. | ULTIMATE CONTROLLING PARTY

| The ultimate controlling party is Pride Coaches Ltd.