Let Glasgow Ltd - Filleted accounts

Registered number

SC817509

Let Glasgow Ltd

Filleted Accounts

31 July 2026

Let Glasgow Ltd
Registered number:		SC817509
Balance Sheet
as at 31 July 2026

Notes			2026			2025
£				£
Fixed assets
Investments	3		193,872			193,872

Current assets
Cash at bank and in hand		25,954			15,085

Creditors: amounts falling due within one year	4	(206,741)			(205,291)

Net current liabilities			(180,787)			(190,206)

Net assets			13,085			3,666

Capital and reserves
Called up share capital			2			2
Profit and loss account			13,083			3,664

Shareholders' funds			13,085			3,666

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Laura Yuen
Director
Approved by the board on 11 September 2026

Let Glasgow Ltd
Notes to the Accounts
for the year ended 31 July 2026


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Other Operating Income
	Other operating income is recognised at the fair value of the consideration received or receivable in respect of rental income. Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease.

	Investment property
	Investment properties comprises a commercial property from which rental income is derived. Investment properties are carried at their revalued amounts, being fair value at the date of valuation less subsequent depreciation and impairment losses. Revaluations are performed by professional qualified valuers with sufficient regularity to ensure that the carrying amounts do not differ materially from those that would be determined using fair values at the end of each reporting period. Any accumulated depreciation at the date of revaluation is eliminated against the gross carrying amount of the asset and the net amount is restated to the revalued amount of the asset. Any revaluation increase in the carrying amount of investment properties is recognised in other comprehensive income and included in a revaluation reserve in equity, except to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss, in which case the increase is credited to profit and loss to the extent of the decrease previously expended. Decreases that offset previous increases of the same asset are charged in other comprehensive income and debited against revaluation reserve in equity; decreases exceeding the balance in revaluation reserve relating to an asset are recognised in profit or loss. Each year the difference between depreciation based on the revalued carrying amount of the asset recognised in profit or loss and depreciation based on the asset’s original cost is transferred from revaluation reserve to retained earnings.

	Creditors
	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.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.


2	Employees	2026		2025
Number			Number

	Average number of persons employed by the company	0		0


3	Investment property

£
	Cost
	At 1 August 2025			193,872

	At 31 July 2026			193,872

	The company's freehold investment property portfolio comprises commercial properties which were valued at acquisiton of £193,872. No depreciation is charged on freehold investment property. The historical cost of the freehold investment portfolio is £193,872


4	Creditors: amounts falling due within one year	2026		2025
£			£

	Accruals	650		550
	Taxation and social security costs	2,209		859
	Other creditors	203,882		203,882
		206,741		205,291


5	Other information

	Let Glasgow Ltd is a private company limited by shares and incorporated in Scotland. Its registered office is:
	75 Dukes Road
	Glasgow
	G72 7AH