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REGISTERED NUMBER: SC170079 (Scotland)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2021

FOR

CAISTEAL ESTATES LTD.

CAISTEAL ESTATES LTD. (REGISTERED NUMBER: SC170079)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CAISTEAL ESTATES LTD.

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2021







DIRECTOR: S Greig



REGISTERED OFFICE: 6th Floor, Gordon Chambers
90 Mitchell Street
Glasgow
G1 3NQ



REGISTERED NUMBER: SC170079 (Scotland)



ACCOUNTANTS: Cornerstone Accountants
6th Floor
Gordon Chambers
90 Mitchell Street
Glasgow
Lanarkshire
G1 3NQ



SOLICITORS: Sherry Halliday
8 Academy Street
Troon
Ayrshire
KA10 6HS

CAISTEAL ESTATES LTD. (REGISTERED NUMBER: SC170079)

BALANCE SHEET
30 NOVEMBER 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,841 5,695
Investment property 5 1,210,000 1,165,814
1,214,841 1,171,509

CURRENT ASSETS
Stocks 6 847,724 316,545
Cash at bank 2,307 9,671
850,031 326,216
CREDITORS
Amounts falling due within one year 7 1,054,120 599,777
NET CURRENT LIABILITIES (204,089 ) (273,561 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,010,752

897,948

CREDITORS
Amounts falling due after more than one
year

8

(462,862

)

(404,954

)

PROVISIONS FOR LIABILITIES (55,467 ) -
NET ASSETS 492,423 492,994

CAPITAL AND RESERVES
Called up share capital 10 100 100
Other reserves 270,812 282,093
Retained earnings 221,511 210,801
SHAREHOLDERS' FUNDS 492,423 492,994

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

CAISTEAL ESTATES LTD. (REGISTERED NUMBER: SC170079)

BALANCE SHEET - continued
30 NOVEMBER 2021


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 director and authorised for issue on 31 August 2022 and were signed by:





S Greig - Director


CAISTEAL ESTATES LTD. (REGISTERED NUMBER: SC170079)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2021

1. STATUTORY INFORMATION

Caisteal Estates Ltd. 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 as modified by the revaluation of certain assets.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on a straight line basis
Computer equipment - 25% on a straight line basis

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2020 - 1 ) .

CAISTEAL ESTATES LTD. (REGISTERED NUMBER: SC170079)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2021

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2020
and 30 November 2021 26,878
DEPRECIATION
At 1 December 2020 21,183
Charge for year 854
At 30 November 2021 22,037
NET BOOK VALUE
At 30 November 2021 4,841
At 30 November 2020 5,695

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2020 1,165,814
Revaluations 44,186
At 30 November 2021 1,210,000
NET BOOK VALUE
At 30 November 2021 1,210,000
At 30 November 2020 1,165,814

Fair value at 30 November 2021 is represented by:
£   
Valuation in 2018 326,279
Cost 883,721
1,210,000

6. STOCKS
2021 2020
£    £   
Work-in-progress 847,724 316,545

CAISTEAL ESTATES LTD. (REGISTERED NUMBER: SC170079)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2021

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Bank loans and overdrafts 24,582 21,342
Taxation and social security 2,712 1,098
Other creditors 1,026,826 577,337
1,054,120 599,777

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2021 2020
£    £   
Bank loans 462,862 404,954

9. SECURED DEBTS

The following secured debts are included within creditors:

2021 2020
£    £   
Bank loans 487,444 426,296

The bank loan and overdraft are secured by standard securities over the company`s properties.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2021 2020
value: £    £   
100 Ordinary £1 100 100