HALF GILL LIMITED


Directors	AITKEN, Lee-Anne Michelle
	AITKEN, William John Scott


Registered Address	45 Langstane Place
	Aberdeen
	AB11 6EN


Registered Number	SC616750 (Scotland)

Balance Sheet as at
30 November 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Intangible assets	3		-		1,333
Tangible assets	4		24,246		10,540
Investments	5		32,000		10,000
			56,246		21,873
Current assets
Stocks	6	4,000		4,000
Debtors		12,991		9,670
Cash at bank and on hand		31,484		53,747
		48,475		67,417
Creditors amounts falling due within one year	7	(27,475)		(30,279)
Net current assets (liabilities)			21,000		37,138
Total assets less current liabilities			77,246		59,011
Creditors amounts falling due after one year	8		(21,579)		(27,023)
Net assets			55,667		31,988
Capital and reserves
Called up share capital			1,000		1,000
Profit and loss account			54,667		30,988
Shareholders' funds			55,667		31,988

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 27 August 2026, and are signed on its behalf by:

AITKEN, Lee-Anne Michelle
Director
Registered Company No. SC616750

HALF GILL LIMITED

Notes to the Financial Statements
for the year ended 30 November 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Revenue from sale of goods
	Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Revenue from sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Employee benefits
	Contributions to defined contribution plans are expensed in the period to which they relate.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Intangible assets
	Intangible assets are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

Investments

Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	Finance leases and hire purchase contracts
	Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.

	Stocks and work in progress
	Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).

2.	Average number of employees


		2025		2024
	Average number of employees during the year	8		8

3.	Intangible assets

	Other	Total
	£	£
Cost or valuation
At 01 December 24	6,667	6,667
At 30 November 25	6,667	6,667
Amortisation and impairment
At 01 December 24	5,334	5,334
Charge for year	1,333	1,333
At 30 November 25	6,667	6,667
Net book value
At 30 November 25	-	-
At 30 November 24	1,333	1,333

4.	Tangible fixed assets

	Plant & machinery	Office Equipment	Total
	£	£	£
Cost or valuation
At 01 December 24	29,585	11,441	41,026
Additions	17,794	937	18,731
At 30 November 25	47,379	12,378	59,757
Depreciation and impairment
At 01 December 24	24,456	6,030	30,486
Charge for year	3,619	1,640	5,259
Revaluation surplus	(234)	-	(234)
At 30 November 25	27,841	7,670	35,511
Net book value
At 30 November 25	19,538	4,708	24,246
At 30 November 24	5,129	5,411	10,540

5.	Fixed asset investments

	Other investments¹	Total
	£	£
Cost or valuation
At 01 December 24	10,000	10,000
Additions	22,000	22,000
At 30 November 25	32,000	32,000
Net book value
At 30 November 25	32,000	32,000
At 30 November 24	10,000	10,000

	Notes
	¹Other investments other than loans

6.	Stocks

	2025	2024
	£	£
Other stocks	4,000	4,000
Total	4,000	4,000

7.	Creditors: amounts due within one year

	2025	2024
	£	£
Bank borrowings and overdrafts	5,556	8,048
Taxation and social security	20,891	21,612
Other creditors	701	619
Accrued liabilities and deferred income	327	-
Total	27,475	30,279


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

8.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	21,579	27,023
Total	21,579	27,023