Gladbourne Estates Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: SC493338

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Investment Properties	4		1,250,000		725,000

			1,250,000		725,000
CURRENT ASSETS
Stocks	5	-		500,464
Debtors	6	-		536,573
Cash at bank and in hand		11,708		11,473

		11,708		1,048,510
Creditors: Amounts Falling Due Within One Year	7	(248,701 )		(922,011 )

NET CURRENT ASSETS (LIABILITIES)			(236,993 )		126,499

TOTAL ASSETS LESS CURRENT LIABILITIES			1,013,007		851,499

Creditors: Amounts Falling Due After More Than One Year	8		(816,507 )		(746,637 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(22,250 )		(22,250 )

NET ASSETS			174,250		82,612

CAPITAL AND RESERVES
Called up share capital	10		100		100
Fair value reserve	11		106,816		106,816
Profit and Loss Account			67,334		(24,304 )

SHAREHOLDERS' FUNDS			174,250		82,612

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Gladbourne Estates Limited

Balance Sheet (continued)

As At 31 December 2025

For the year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

M J Howison

Director

23/09/2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Gladbourne Estates Limited is a private company, limited by shares, incorporated in Scotland, registered number SC493338 . The registered office is 12 Melville Crescent, Edinburgh, EH3 7LU.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Investment Properties

All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.

2.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2024: 1)

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Gladbourne Estates Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

4. Investment Property

	2025
	£
Fair Value
As at 1 January 2025	725,000
Additions	525,000

As at 31 December 2025	1,250,000

If investment property had been accounted for under historical cost accounting rules, the amounts would be:

	2025	2024
	£	£
Cost	1,025,464	586,934

5. Stocks

	2025	2024
	£	£
Work in progress	-	500,464

6. Debtors

	2025	2024
	£	£
Due within one year
Other debtors	-	536,573

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Bank loans and overdrafts	48,457	117,620
Other creditors	200,244	804,391

	248,701	922,011

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	816,507	746,637

Of the creditors falling due after more than one year the following amounts are due after more than five years.

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Gladbourne Estates Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

	2025		2024
	£		£
Bank loans	799,320		746,637

9. Secured Creditors

The compnay has granted standard securities and a bond and floating charge over the properties and the company's assets.

Of the creditors the following amounts are secured.

	2025		2024
	£		£
Bank loans and overdrafts	841,107		810,736

10. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

11. Reserves

	Fair value reserve	Profit and Loss Account
	£	£
As at 1 January 2025	106,816	(24,304 )
Profit for the year and total comprehensive income	-	91,638

As at 31 December 2025	106,816	67,334

12. Ultimate Controlling Party

The company's ultimate controlling party is M J Howison .

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