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REGISTERED NUMBER: SC557714 (Scotland)




















Torridon CPM Limited

Unaudited Financial Statements

for the Year Ended 31 March 2023






Torridon CPM Limited (Registered number: SC557714)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Torridon CPM Limited

Company Information
for the Year Ended 31 March 2023







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 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 333
Tangible assets 5 5,215 4,118
5,215 4,451

CURRENT ASSETS
Stocks 8,000 4,000
Debtors 6 52,580 51,078
Cash at bank 71,332 100,840
131,912 155,918
CREDITORS
Amounts falling due within one year 7 80,397 58,333
NET CURRENT ASSETS 51,515 97,585
TOTAL ASSETS LESS CURRENT
LIABILITIES

56,730

102,036

CREDITORS
Amounts falling due after more than
one year

8

(32,681

)

(38,699

)

PROVISIONS FOR LIABILITIES (991 ) (782 )
NET ASSETS 23,058 62,555

Torridon CPM Limited (Registered number: SC557714)

Balance Sheet - continued
31 March 2023

2023 2022
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 22,958 62,455
23,058 62,555

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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.

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 29 September 2023 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 2023

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 2023

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 have no concerns that the company will continue to trade for at least 12 months from the 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 7 ) .

Torridon CPM Limited (Registered number: SC557714)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 April 2022
and 31 March 2023 1,000
AMORTISATION
At 1 April 2022 667
Charge for year 333
At 31 March 2023 1,000
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 333

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 20,228
Additions 5,626
Disposals (1,165 )
At 31 March 2023 24,689
DEPRECIATION
At 1 April 2022 16,110
Charge for year 4,527
Eliminated on disposal (1,163 )
At 31 March 2023 19,474
NET BOOK VALUE
At 31 March 2023 5,215
At 31 March 2022 4,118

Torridon CPM Limited (Registered number: SC557714)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 52,076 50,647
Other debtors 504 431
52,580 51,078

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 2 4,131
Taxation and social security 61,428 36,208
Other creditors 18,967 17,994
80,397 58,333

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 32,681 38,699