Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.22022-03-01falseNo description of principal activity2truetrue SC542946 2022-03-01 2023-03-31 SC542946 2021-03-01 2022-02-28 SC542946 2023-03-31 SC542946 2022-02-28 SC542946 c:Director1 2022-03-01 2023-03-31 SC542946 c:Director2 2022-03-01 2023-03-31 SC542946 c:RegisteredOffice 2022-03-01 2023-03-31 SC542946 d:PlantMachinery 2022-03-01 2023-03-31 SC542946 d:PlantMachinery 2023-03-31 SC542946 d:PlantMachinery 2022-02-28 SC542946 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-03-01 2023-03-31 SC542946 d:CurrentFinancialInstruments 2023-03-31 SC542946 d:CurrentFinancialInstruments 2022-02-28 SC542946 d:Non-currentFinancialInstruments 2023-03-31 SC542946 d:Non-currentFinancialInstruments 2022-02-28 SC542946 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 SC542946 d:CurrentFinancialInstruments d:WithinOneYear 2022-02-28 SC542946 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 SC542946 d:Non-currentFinancialInstruments d:AfterOneYear 2022-02-28 SC542946 d:ShareCapital 2023-03-31 SC542946 d:ShareCapital 2022-02-28 SC542946 d:RevaluationReserve 2023-03-31 SC542946 d:RevaluationReserve 2022-02-28 SC542946 d:RetainedEarningsAccumulatedLosses 2023-03-31 SC542946 d:RetainedEarningsAccumulatedLosses 2022-02-28 SC542946 c:OrdinaryShareClass1 2022-03-01 2023-03-31 SC542946 c:OrdinaryShareClass1 2023-03-31 SC542946 c:OrdinaryShareClass1 2022-02-28 SC542946 c:FRS102 2022-03-01 2023-03-31 SC542946 c:AuditExempt-NoAccountantsReport 2022-03-01 2023-03-31 SC542946 c:FullAccounts 2022-03-01 2023-03-31 SC542946 c:PrivateLimitedCompanyLtd 2022-03-01 2023-03-31 iso4217:GBP xbrli:shares xbrli:pure
Registered number: SC542946










LUNANBURGH HOLDINGS LIMITED
FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

 
LUNANBURGH HOLDINGS LIMITED
 

COMPANY INFORMATION


Directors
Mr I Muir 
Mrs R Muir 




Registered number
SC542946



Registered office
Pentland House
Saltire Centre

Glenrothes

KY6 2AH




Accountants
EQ Accountants LLP
Chartered Accountants

Pentland House

Saltire Centre

Glenrothes

Fife

KY6 2AH





 
LUNANBURGH HOLDINGS LIMITED
REGISTERED NUMBER: SC542946

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2023

2023
2022
£
£

Fixed assets
  

Tangible assets
 4 
2,153
2,749

Investments
 5 
1,400,000
1,400,000

  
1,402,153
1,402,749

Current assets
  

Debtors: amounts falling due within one year
 6 
1,186
1,020

Bank and cash balances
  
50,136
72,558

  
51,322
73,578

Creditors: amounts falling due within one year
 7 
(12,564)
(12,245)

Net current assets
  
 
 
38,758
 
 
61,333

Total assets less current liabilities
  
1,440,911
1,464,082

Creditors: amounts falling due after more than one year
 8 
(761,909)
(811,063)

Provisions for liabilities
  

Deferred tax
  
(98,046)
(98,159)

  
 
 
(98,046)
 
 
(98,159)

Net assets
  
580,956
554,860


Capital and reserves
  

Called up share capital 
 9 
100
100

Revaluation reserve
  
483,920
483,920

Profit and loss account
  
96,936
70,840

  
580,956
554,860


Page 1

 
LUNANBURGH HOLDINGS LIMITED
REGISTERED NUMBER: SC542946

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




Mr I Muir
Director

Date: 24 October 2023

Page 2

 
LUNANBURGH HOLDINGS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

1.


General information

The Company is limited by shares and incorporated in Scotland; Registration Number SC542946. The registered office is Pentland House, Saltire Centre, Glenrothes, Fife, KY6 2AH. 
During the period, the company's accounting reference date was changed from 28 February to 31 March and therefore, the financial statements cover the thirteen month period ended 31 March 2023.
The financial statements are presented in Sterling, which is the functional currency of the company, and rounded to the nearest £.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Turnover

Rental income is recognised to the extent that it is probable that the economic benefits will flow to the Company and the rental income can be reliably measured. Rental income is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before rental income is recognised:

Rendering of services

Rental income from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of rental income can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
LUNANBURGH HOLDINGS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.3

Current and deferred taxation

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
20%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

Page 4

 
LUNANBURGH HOLDINGS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.6

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Statement of Financial Position when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.


3.


Employees

The average monthly number of employees, including directors, during the period was 2 (2022 - 2).


4.


Tangible fixed assets







Plant and machinery

£



Cost or valuation


At 1 March 2022
6,381



At 31 March 2023

6,381



Depreciation


At 1 March 2022
3,632


Charge for the period on owned assets
596



At 31 March 2023

4,228



Net book value



At 31 March 2023
2,153



At 28 February 2022
2,749

Page 5

 
LUNANBURGH HOLDINGS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

5.


Investment property








Other fixed asset investments

£



Cost or valuation


At 1 March 2022
1,400,000



At 31 March 2023
1,400,000




The Company's investment properties were revalued by the directors during the year ended 28 February 2022 to a value of £1,400,000. The directors consider the valuations above are appropriate and remain at their open market value as at 31 March 2023.


6.


Debtors

31 March
28 February
2023
2022
£
£


Prepayments and accrued income
1,186
1,020



7.


Creditors: Amounts falling due within one year

31 March
28 February
2023
2022
£
£

Bank loans
2,750
2,750

Taxation and social security
6,235
1,660

Other creditors
-
1,500

Accruals and deferred income
3,579
6,335

12,564
12,245


Page 6

 
LUNANBURGH HOLDINGS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

8.


Creditors: Amounts falling due after more than one year

31 March
28 February
2023
2022
£
£

Bank loans
568,017
690,996

Amounts owed to group undertakings
193,892
120,067

761,909
811,063


The bank loan of £561,600 (2022 - £681,600) is secured over the assets of the company.


9.


Share capital

31 March
28 February
2023
2022
£
£
Allotted, called up and fully paid



100 (2022 - 100) Ordinary shares of £1.00 each
100
100



10.


Controlling party

During the period, the ultimate controlling party was Oshiatau Ltd, a company registered in Scotland.


Page 7