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REGISTERED NUMBER: SC557714 (Scotland)




















Torridon CPM Limited

Unaudited Financial Statements

for the Year Ended 31 March 2022






Torridon CPM Limited (Registered number: SC557714)






Contents of the Financial Statements
for the Year Ended 31 March 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Torridon CPM Limited

Company Information
for the Year Ended 31 March 2022







DIRECTORS: K H Telfer
D Shaw





REGISTERED OFFICE: 14-18 Hill Street
Edinburgh
EH2 3JZ





REGISTERED NUMBER: SC557714 (Scotland)





ACCOUNTANTS: Whitelaw Wells
The Lighthouse
Heugh Road
North Berwick
EH39 5PX

Torridon CPM Limited (Registered number: SC557714)

Balance Sheet
31 March 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 333 667
Tangible assets 5 4,118 5,080
4,451 5,747

CURRENT ASSETS
Stocks 4,000 2,000
Debtors 6 51,078 38,331
Cash at bank 100,840 87,227
155,918 127,558
CREDITORS
Amounts falling due within one year 7 58,333 66,629
NET CURRENT ASSETS 97,585 60,929
TOTAL ASSETS LESS CURRENT
LIABILITIES

102,036

66,676

CREDITORS
Amounts falling due after more than
one year

8

(38,699

)

(42,500

)

PROVISIONS FOR LIABILITIES (782 ) (965 )
NET ASSETS 62,555 23,211

Torridon CPM Limited (Registered number: SC557714)

Balance Sheet - continued
31 March 2022

2022 2021
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 62,455 23,111
62,555 23,211

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 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 applicable to companies subject to the small companies regime.

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 and authorised for issue on 10 August 2022 and were signed on its behalf by:





D Shaw - Director


Torridon CPM Limited (Registered number: SC557714)

Notes to the Financial Statements
for the Year Ended 31 March 2022

1. STATUTORY INFORMATION

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

2. ACCOUNTING POLICIES

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

Turnover
Turnover represents invoiced provision of quantity surveying and property development services.

Revenue from development projects are recognised when the service has been provided and all
obligations to the customers under the agreement have been fulfilled.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured
at cost less any accumulated amortisation and any accumulated impairment losses.

Company registered domain name is amortised over its estimated useful life of 3 years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost

Work in progress
Work in progress includes work that are partially completed at the year end. Work in progress is calculated on a percentage of the work completed at the year end.

Financial instruments
The company only has financial assets and liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

All loans with related parties are repayable on demand.


Torridon CPM Limited (Registered number: SC557714)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern
The financial statements have been prepared on the going concern principle, which assumes that the company will continue to trade for the foreseeable future. The directors' going concern assessment includes the expected impact of COVID-19 to the company for a period of at least 12 months from the date of signing of these financial statements.

Provisions
Provisions are recognised where the company has a present obligation as a result of a past event, it is probable the company will be required to settle the obligations, and a reliable estimate can be made of the obligations. The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the end of the reporting period, taking into account the risks and uncertainties surrounding the obligation.

Government grants
Government grants in relation to tangible fixed asset are credited to the profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.

Torridon CPM Limited (Registered number: SC557714)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2021 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 April 2021
and 31 March 2022 1,000
AMORTISATION
At 1 April 2021 333
Charge for year 334
At 31 March 2022 667
NET BOOK VALUE
At 31 March 2022 333
At 31 March 2021 667

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2021 18,018
Additions 3,032
Disposals (822 )
At 31 March 2022 20,228
DEPRECIATION
At 1 April 2021 12,938
Charge for year 3,935
Eliminated on disposal (763 )
At 31 March 2022 16,110
NET BOOK VALUE
At 31 March 2022 4,118
At 31 March 2021 5,080

Torridon CPM Limited (Registered number: SC557714)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 50,647 37,578
Other debtors 431 753
51,078 38,331

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade creditors 4,131 -
Taxation and social security 36,208 44,940
Other creditors 17,994 21,689
58,333 66,629

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2022 2021
£    £   
Bank loans 38,699 42,500