Gleniffer Estates Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: SC292915 (Scotland)

GLENIFFER ESTATES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2018

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Chartered Accountants' Report

5

DIRECTORS:

B Wilson

Mrs M Wilson

SECRETARY:

Hardie Caldwell Secretaries Ltd.

REGISTERED OFFICE:

C/o Hardie Caldwell LLP

Citypoint 2

25 Tyndrum Street

Glasgow

G4 0JY

REGISTERED NUMBER:

SC292915 (Scotland)

ACCOUNTANTS:

Hardie Caldwell LLP

Chartered Accountants

Citypoint 2

25 Tyndrum Street

Glasgow

G4 0JY

BANKERS:

Clydesdale Bank plc

120 Bath Street

Glasgow

G2 2EN

SOLICITORS:

BTO Solicitors

48 St. Vincent Street

Glasgow

Scotland

G2 5HS

FIXED ASSETS

Investments

4

2,004

CURRENT ASSETS

Debtors

5

10,496

NET CURRENT ASSETS

10,496

TOTAL ASSETS LESS CURRENT
LIABILITIES

12,500

CAPITAL AND RESERVES

Called up share capital

6

6,250

Capital redemption reserve

6,250

SHAREHOLDERS' FUNDS

12,500

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 26 July 2019 and were signed on its behalf by:

B Wilson - Director

1.	STATUTORY INFORMATION

Glennifer Estates Limited is a private company, limited by shares, registered in Scotland. The company's

registered number is SC292915 and its registered office is C/O Hardie Caldwell LLP, Citypoint 2, 25 Tyndrum

Street, Glasgow, G4 0JY.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the

preparation of the financial statements are as follows:

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Going concern

The company has financial resources and has no requirement for external funding. The directors have a

reasonable expectation that the company has adequate resources to continue in operational existence for the

foreseeable future. They continue to believe the going concern basis of accounting appropriate in preparing the

annual financial statements.

Debtors

Trade debtors are recognised at the settlement amount due with appropriate allowances for any irrecoverable

amounts when there is objective evidence that the asset is impaired.

Other debtors due in less that one year are recognised at the settlement amount due with appropriate allowances

for any irrecoverable amounts when there is objective evidence that the asset is impaired.

Cash at bank and in hand

Cash at bank and cash in hand includes cash, bank and deposit accounts all available on demand.

Creditors

Trade creditors and other creditors due in less than one year are recognised where the company has a present

obligation resulting from a past event and are recognised at the settlement amount due.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2017 - 2 ) .

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 December 2017

and 30 November 2018

2,004

NET BOOK VALUE

At 30 November 2018

2,004

At 30 November 2017

2,004

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Leven Land Limited

Registered office:

Nature of business: Property Development

%

Class of shares:

holding

A Ordinary Shares

100.00

2018

2017

£

Aggregate capital and reserves

(14,561

)

(7,351

)

Loss for the year

(7,210

)

(9,377

)

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

Other debtors

10,496

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2018

2017

value:

£

25,000

A Ordinary shares

25p

6,250

7.	RELATED PARTY DISCLOSURES

At the year end date Gleniffer Estates Limited was owed £10,496 (2017: £10,496) by its 100% subsidiary Leven Land Limited.

8.	ULTIMATE CONTROLLING PARTY

The ultimate controlling parties are the directors, Bryan and Maureen Wilson.

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file

a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the

Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Gleniffer Estates Limited for the year ended 30 November 2018 which comprise the Income

Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity and the related notes from the

company's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.

This report is made solely to the Board of Directors of Gleniffer Estates Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Gleniffer Estates Limited and state those matters that we have agreed to state to the Board of Directors of Gleniffer Estates Limited, as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Gleniffer Estates Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Gleniffer Estates Limited. You consider that Gleniffer Estates Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Gleniffer Estates Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Hardie Caldwell LLP

Chartered Accountants

Citypoint 2

25 Tyndrum Street

Glasgow

G4 0JY

26 July 2019

Gleniffer Estates Limited - Accounts to registrar (filleted) - small 18.2

Gleniffer Estates Limited - Accounts to registrar (filleted) - small 18.2