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Registration number: SC547075

Ross Hunter (Holdings) Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 October 2022

 

Ross Hunter (Holdings) Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Ross Hunter (Holdings) Ltd

Company Information

Director

Mr Cameron Elliot Ross Hunter

Registered office

32 St Ronan's Terrace
Innerleithen
Scottish Borders
EH44 6RB

Accountants

Stewart & Cumming Ltd
31-33 Bridge Street
Musselburgh
Midlothian
EH21 6AA

 

Ross Hunter (Holdings) Ltd

(Registration number: SC547075)
Balance Sheet as at 31 October 2022

Note

2022
£

2021
£

Fixed assets

 

Other financial assets

4

560,000

560,000

Current assets

 

Cash at bank and in hand

 

34

34

Total assets less current liabilities

 

560,034

560,034

Creditors: Amounts falling due after more than one year

6

(50,520)

(50,520)

Net assets

 

509,514

509,514

Capital and reserves

 

Called up share capital

7

100

100

Retained earnings

509,414

509,414

Shareholders' funds

 

509,514

509,514

For the financial year ending 31 October 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 14 June 2023
 

.........................................
Mr Cameron Elliot Ross Hunter
Director

 

Ross Hunter (Holdings) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2022

1

General information

The company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
32 St Ronan's Terrace
Innerleithen
Scottish Borders
EH44 6RB

These financial statements were authorised for issue by the director on 14 June 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

 

Ross Hunter (Holdings) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2022

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2021 - 0).

 

Ross Hunter (Holdings) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2022

4

Other financial assets (current and non-current)

Financial assets at cost less impairment
£

Total
£

Non-current financial assets

Cost or valuation

At 1 November 2021

560,000

560,000

At 31 October 2022

560,000

560,000

Impairment

Carrying amount

At 31 October 2022

560,000

560,000

5

Debtors

Current

2022
£

2021
£

6

Creditors

Creditors: amounts falling due after more than one year

Note

2022
£

2021
£

Due after one year

 

Loans and borrowings

8

50,520

50,520

7

Share capital

Allotted, called up and fully paid shares

 

2022

2021

 

No.

£

No.

£

Ordinary share of £1 each

100

100

100

100

         
 

Ross Hunter (Holdings) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2022

8

Loans and borrowings

2022
£

2021
£

Non-current loans and borrowings

Other borrowings

50,520

50,520

9

Dividends