IRIS Accounts Production v23.3.0.418 SC580326 Board of Directors 1.4.22 31.3.23 31.3.23 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC5803262022-03-31SC5803262023-03-31SC5803262022-04-012023-03-31SC5803262021-03-31SC5803262021-04-012022-03-31SC5803262022-03-31SC580326ns10:Originalns15:Scotland2022-04-012023-03-31SC580326ns14:PoundSterlingns10:Original2022-04-012023-03-31SC580326ns10:Originalns10:Director12022-04-012023-03-31SC580326ns10:Original2022-04-012023-03-31SC580326ns10:Original2023-03-31SC580326ns10:Originalns10:PrivateLimitedCompanyLtd2022-04-012023-03-31SC580326ns10:Originalns10:SmallEntities2022-04-012023-03-31SC580326ns10:Originalns10:AuditExempt-NoAccountantsReport2022-04-012023-03-31SC580326ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-31SC580326ns10:SmallCompaniesRegimeForAccountsns10:Original2022-04-012023-03-31SC580326ns10:Originalns10:AbridgedAccounts2022-04-012023-03-31SC580326ns10:Originalns10:Director22022-04-012023-03-31SC580326ns10:Originalns10:RegisteredOffice2022-04-012023-03-31SC580326ns10:Original2022-03-31SC580326ns10:Originalns5:CurrentFinancialInstruments2023-03-31SC580326ns10:Originalns5:CurrentFinancialInstruments2022-03-31SC580326ns10:Originalns5:Non-currentFinancialInstruments2023-03-31SC580326ns10:Originalns5:Non-currentFinancialInstruments2022-03-31SC580326ns5:ShareCapitalns10:Original2023-03-31SC580326ns5:ShareCapitalns10:Original2022-03-31SC580326ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-03-31SC580326ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-03-31SC580326ns10:Original2021-04-012022-03-31SC580326ns10:Original2022-03-31SC580326ns5:Securedns10:Original2023-03-31SC580326ns5:Securedns10:Original2022-03-31
REGISTERED NUMBER: SC580326 (Scotland)















Financial Statements for the Year Ended 31 March 2023

for

CPROP Limited

CPROP Limited (Registered number: SC580326)






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




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


CPROP Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: S D Cameron
S D McIlroy





REGISTERED OFFICE: Moncrieff House
69 West Nile Street
Glasgow
G1 2QB





REGISTERED NUMBER: SC580326 (Scotland)





ACCOUNTANTS: GHG Smyth & Co. Limited
Mid Clevans
Clevans Road
Bridge of Weir
Renfrewshire
PA11 3HP

CPROP Limited (Registered number: SC580326)

Abridged Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 396,439 396,439

CURRENT ASSETS
Debtors 17,178 675
Cash at bank 20,849 22,308
38,027 22,983
CREDITORS
Amounts falling due within one year 65,025 50,326
NET CURRENT LIABILITIES (26,998 ) (27,343 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

369,441

369,096

CREDITORS
Amounts falling due after more than one
year

212,130

251,659
NET ASSETS 157,311 117,437

CAPITAL AND RESERVES
Called up share capital 90 90
Retained earnings 157,221 117,347
157,311 117,437

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.

CPROP Limited (Registered number: SC580326)

Abridged Balance Sheet - continued
31 March 2023


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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 March 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 10 November 2023 and were signed on its behalf by:





S D McIlroy - Director


CPROP Limited (Registered number: SC580326)

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

1. STATUTORY INFORMATION

CPROP 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and loans to and from related parties.

Debt instruments that are payable or receivable within one year, typically trade debtors and trade creditors, are measured, initially and subsequently, at the undiscounted amount of cash or other consideration expected to be paid or received.

Financial assets measured at cost and amortised cost are assessed at the end of each reporting period for evidence of impairment and if found, an impairment loss is recognised in profit or loss.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Cash and cash equivalents includes cash in hand, deposits held at call with banks, other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. Bank overdrafts, when applicable, are shown within borrowings in current liabilities.

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.


CPROP Limited (Registered number: SC580326)

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

2. ACCOUNTING POLICIES - continued
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 2 (2022 - 2 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022
and 31 March 2023 396,439
NET BOOK VALUE
At 31 March 2023 396,439
At 31 March 2022 396,439

5. SECURED DEBTS

The following secured debts are included within creditors:

31.3.23 31.3.22
£    £   
Bank loans 39,524 59,529

The company has granted a floating charge and standard security to Barclays Bank PLC over the investment property owned by the company.

6. ULTIMATE CONTROLLING PARTY

The directors, jointly own 100% of the issued share capital and are deemed to be the ultimate controlling party.