Company Registration No. SC831134 (Scotland)
Gael Holding Ltd
Unaudited accounts
for the period from 6 December 2024 to 31 March 2026
Gael Holding Ltd
Unaudited accounts
Contents
Gael Holding Ltd
Company Information
for the period from 6 December 2024 to 31 March 2026
Directors
H Campbell
J Campbell
J Macrae
Company Number
SC831134 (Scotland)
Registered Office
Scotsburn Farm
Kildary
Invergordon
IV18 0PE
Scotland
Accountants
CMM Accountancy (Inverness) Limited
The Green House
Beechwood Business Park North
Inverness
IV2 3BL
Gael Holding Ltd
Statement of financial position
as at 31 March 2026
Cash at bank and in hand
19,439
Creditors: amounts falling due within one year
(206,115)
Net current liabilities
(184,026)
Total assets less current liabilities
844,960
Creditors: amounts falling due after more than one year
(232,276)
Called up share capital
100,008
Profit and loss account
36,721
Shareholders' funds
612,684
For the period ending 31 March 2026 the company was entitled to exemption from audit 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.
The members have agreed to the preparation of abridged accounts for the period in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 31 August 2026 and were signed on its behalf by
J Campbell
Director
Company Registration No. SC831134
Gael Holding Ltd
Notes to the Accounts
for the period from 6 December 2024 to 31 March 2026
Gael Holding Ltd is a private company, limited by shares, registered in Scotland, registration number SC831134. The registered office is Scotsburn Farm, Kildary, Invergordon, IV18 0PE, Scotland.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Investments in subsidiaries, associated, and jointly controlled entities are stated in the company's financial statements at cost less impairment
Group financial statements
The company, and the group headed by it, qualify as small, and in accordance with financial reporting standards the company
and the group are considered eligible for the exemption from the requirement to prepare consolidated financial statements. The
company's accounts are therefore separate financial statements.
Gael Holding Ltd
Notes to the Accounts
for the period from 6 December 2024 to 31 March 2026
4
Operating lease commitments
2026
At 31 March 2026 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Later than one year and not later than five years
134,320
5
Average number of employees
During the period the average number of employees was 0.