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Company Registration No. SC387612 (Scotland)
Amhuinnsuidhe Castle Limited Unaudited accounts for the year ended 31 December 2022
Amhuinnsuidhe Castle Limited Unaudited accounts Contents
Page
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Amhuinnsuidhe Castle Limited Company Information for the year ended 31 December 2022
Directors
Thomas Kenneth Murray Rachael Anne Scarr-Hall
Secretary
Innes Morrison
Company Number
SC387612 (Scotland)
Registered Office
Gillespie Macandrew 5 Atholl Crescent Edinburgh Midlothian EH3 8EJ Scotland
Accountants
Taxnfacts Ltd 21B Shulishader Isle of Lewis HS2 0PU
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Amhuinnsuidhe Castle Limited Statement of financial position as at 31 December 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Intangible assets
1,195,177 
1,206,711 
Tangible assets
3,175,002 
3,153,242 
Investments
797,389 
789,748 
5,167,568 
5,149,701 
Current assets
Inventories
12,800 
12,800 
Debtors
291,375 
225,340 
Cash at bank and in hand
10,717 
61,552 
314,892 
299,692 
Creditors: amounts falling due within one year
(387,480)
(279,036)
Net current (liabilities)/assets
(72,588)
20,656 
Total assets less current liabilities
5,094,980 
5,170,357 
Creditors: amounts falling due after more than one year
(2,988,349)
(2,605,267)
Net assets
2,106,631 
2,565,090 
Capital and reserves
Called up share capital
4,139,327 
4,139,327 
Profit and loss account
(2,032,696)
(1,574,237)
Shareholders' funds
2,106,631 
2,565,090 
For the year ending 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 29 September 2023 and were signed on its behalf by
Rachael Anne Scarr-Hall Director Company Registration No. SC387612
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Amhuinnsuidhe Castle Limited Notes to the Accounts for the year ended 31 December 2022
1
Statutory information
Amhuinnsuidhe Castle Limited is a private company, limited by shares, registered in Scotland, registration number SC387612. The registered office is Gillespie Macandrew, 5 Atholl Crescent, Edinburgh, Midlothian, EH3 8EJ, Scotland.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
Not depreciated
Plant & machinery
5-33% straight line
Motor vehicles
25-33% straight line
Fixtures & fittings
10-20% straight line
Computer equipment
33% straight line
Intangible fixed assets
Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Sporting rights are reviewed annually for impairment. Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs.
Government grants
Government grants in relation to tangible fixed assets are credited to 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.
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Amhuinnsuidhe Castle Limited Notes to the Accounts for the year ended 31 December 2022
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Going concern
At the accounting reference date the company had net current liabilities of £72,558 (2021: net current assets of £20,836). At the time of approving the financial statements, the directors considers the company to have the support of its funders and owners. The director has a reasonable expectation that the company will continue in operational existence for the foreseeable future, and that the company has sufficient resources available to continue trading through this period and for at least the next twelve months. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.
4
Intangible fixed assets
Goodwill 
Other 
Total 
£ 
£ 
£ 
Cost
At 1 January 2022
212,942 
1,114,675 
1,327,617 
At 31 December 2022
212,942 
1,114,675 
1,327,617 
Amortisation
At 1 January 2022
116,231 
4,675 
120,906 
Charge for the year
11,534 
- 
11,534 
At 31 December 2022
127,765 
4,675 
132,440 
Net book value
At 31 December 2022
85,177 
1,110,000 
1,195,177 
At 31 December 2021
96,711 
1,110,000 
1,206,711 
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Amhuinnsuidhe Castle Limited Notes to the Accounts for the year ended 31 December 2022
5
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At cost 
At 1 January 2022
2,593,391 
724,873 
167,687 
73,040 
9,523 
3,568,514 
Additions
18,364 
36,099 
- 
41,155 
- 
95,618 
Disposals
- 
(14,115)
- 
(1,567)
(5,610)
(21,292)
At 31 December 2022
2,611,755 
746,857 
167,687 
112,628 
3,913 
3,642,840 
Depreciation
At 1 January 2022
- 
325,854 
64,929 
18,222 
6,267 
415,272 
Charge for the year
- 
14,483 
35,972 
19,044 
1,085 
70,584 
On disposals
- 
(11,311)
- 
(1,097)
(5,610)
(18,018)
At 31 December 2022
- 
329,026 
100,901 
36,169 
1,742 
467,838 
Net book value
At 31 December 2022
2,611,755 
417,831 
66,786 
76,459 
2,171 
3,175,002 
At 31 December 2021
2,593,391 
399,019 
102,758 
54,818 
3,256 
3,153,242 
6
Investments
Other investments 
£ 
Valuation at 1 January 2022
789,748 
Additions
8,054 
Disposals
(413)
Valuation at 31 December 2022
797,389 
7
Debtors
2022 
2021 
£ 
£ 
Amounts falling due within one year
Trade debtors
25,765 
13,993 
Amounts due from group undertakings etc.
203,212 
165,036 
Accrued income and prepayments
62,262 
46,311 
Other debtors
136 
- 
291,375 
225,340 
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Amhuinnsuidhe Castle Limited Notes to the Accounts for the year ended 31 December 2022
8
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
Bank loans and overdrafts
10,000 
10,000 
VAT
7,508 
1,117 
Obligations under finance leases and hire purchase contracts
18,986 
17,179 
Trade creditors
74,782 
51,321 
Amounts owed to group undertakings and other participating interests
21,256 
40,397 
Taxes and social security
4,485 
7,089 
Other creditors
4,585 
7,279 
Accruals
95,046 
23,729 
Deferred income
150,832 
120,925 
387,480 
279,036 
9
Creditors: amounts falling due after more than one year
2022 
2021 
£ 
£ 
Bank loans
24,167 
34,167 
Obligations under finance leases and hire purchase contracts
53,167 
72,550 
Amounts owed to group undertakings and other participating interests
2,532,857 
2,120,392 
Other creditors
378,158 
378,158 
2,988,349 
2,605,267 
10
Average number of employees
During the year the average number of employees was 9 (2021: 9).
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