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REGISTERED NUMBER: SC318391 (Scotland)















Unaudited Financial Statements for the Year Ended 30 March 2023

for

Carlingnose Associates Limited

Carlingnose Associates Limited (Registered number: SC318391)






Contents of the Financial Statements
for the Year Ended 30 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Carlingnose Associates Limited

Company Information
for the Year Ended 30 March 2023







DIRECTORS: F H Kerr B Com CA
Mrs J Campbell CA





REGISTERED OFFICE: Greenhill House
Minto
Hawick
TD9 8SG





REGISTERED NUMBER: SC318391 (Scotland)






Carlingnose Associates Limited (Registered number: SC318391)

Balance Sheet
30 March 2023

30.3.23 30.3.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 882,857
Investments 5 64,840 69,614
64,840 952,471

CURRENT ASSETS
Debtors 6 1,305,000 -
Investments 7 379 3,138
Cash at bank 24,517 3,491
1,329,896 6,629
CREDITORS
Amounts falling due within one year 8 310,306 340,456
NET CURRENT ASSETS/(LIABILITIES) 1,019,590 (333,827 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,084,430

618,644

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,084,330 618,544
SHAREHOLDERS' FUNDS 1,084,430 618,644

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 March 2023 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.

Carlingnose Associates Limited (Registered number: SC318391)

Balance Sheet - continued
30 March 2023


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 23 October 2023 and were signed on its behalf by:





F H Kerr B Com CA - Director


Carlingnose Associates Limited (Registered number: SC318391)

Notes to the Financial Statements
for the Year Ended 30 March 2023

1. STATUTORY INFORMATION

Carlingnose Associates 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 as modified by the revaluation of certain assets.

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.

Turnover
Turnover represents the fee income earned in the year. Unfortunately the Directors failed to win any new contracts during the year.

Goodwill
Goodwill represented the amount invested in Haines Watts Scotland in 2008. It was not being amortised as, in the opinion of the directors, its value would be maintained and was subject to an annual impairment review.

It was disposed of during the year for an amount considerably in excess of its carrying value.

Investments
Investments are stated at Market Value at the Balance Sheet date with any surplus on cost on the revaluation being reflected net of tax in the Fair Value Reserve. Any deficit on cost arising on revaluation is charged to Profit and Loss Account.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 31 March 2022 882,857
Disposals (882,857 )
At 30 March 2023 -
NET BOOK VALUE
At 30 March 2023 -
At 30 March 2022 882,857

Carlingnose Associates Limited (Registered number: SC318391)

Notes to the Financial Statements - continued
for the Year Ended 30 March 2023

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 31 March 2022 69,614
Additions 21,533
Disposals (30,237 )
Revaluations 3,930
At 30 March 2023 64,840
NET BOOK VALUE
At 30 March 2023 64,840
At 30 March 2022 69,614

Cost or valuation at 30 March 2023 is represented by:

Other
investments
£   
Valuation in 2021 15
Valuation in 2022 (4,879 )
Valuation in 2023 3,930
Cost 65,774
64,840

6. DEBTORS
30.3.23 30.3.22
£    £   
Amounts falling due within one year:
Trade debtors 145,000 -

Amounts falling due after more than one year:
Trade debtors 1,160,000 -

Aggregate amounts 1,305,000 -

7. CURRENT ASSET INVESTMENTS
30.3.23 30.3.22
£    £   
Other 379 3,138

Carlingnose Associates Limited (Registered number: SC318391)

Notes to the Financial Statements - continued
for the Year Ended 30 March 2023

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.3.23 30.3.22
£    £   
Taxation and social security 48,375 1,625
Other creditors 261,931 338,831
310,306 340,456

9. RELATED PARTY DISCLOSURES

Included with "Other creditors" is an amount of £261,931 due to a Director. The loan carries no interest and there are no fixed repayment terms.

10. ULTIMATE CONTROLLING PARTY

The controlling party is F H Kerr B Com CA.