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REGISTERED NUMBER: SC477013 (Scotland)















Unaudited Financial Statements for the Year Ended 31 May 2023

for

Inverurr Investments Limited

Inverurr Investments Limited (Registered number: SC477013)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Inverurr Investments Limited

Company Information
for the Year Ended 31 May 2023







DIRECTOR: Ms K Davidson





REGISTERED OFFICE: 17-21 East Mayfield
Edinburgh
Scotland
EH9 1SE





REGISTERED NUMBER: SC477013 (Scotland)





ACCOUNTANTS: Helen Lowe Ltd
17/21 East Mayfield
Edinburgh
Lothian
EH9 1SE

Inverurr Investments Limited (Registered number: SC477013)

Balance Sheet
31 May 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 334,839 328,034

CURRENT ASSETS
Stocks - 20,837
Debtors 5 371 754
Cash at bank 433 933
804 22,524
CREDITORS
Amounts falling due within one year 6 214,061 287,983
NET CURRENT LIABILITIES (213,257 ) (265,459 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

121,582

62,575

PROVISIONS FOR LIABILITIES - 1,061
NET ASSETS 121,582 61,514

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 7 121,482 61,414
SHAREHOLDERS' FUNDS 121,582 61,514

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Inverurr Investments Limited (Registered number: SC477013)

Balance Sheet - continued
31 May 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 director and authorised for issue on 10 November 2023 and were signed by:





Ms K Davidson - Director


Inverurr Investments Limited (Registered number: SC477013)

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

1. STATUTORY INFORMATION

Inverurr Investments 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - not provided
Plant and machinery etc - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

3. EMPLOYEES AND DIRECTORS

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

Inverurr Investments Limited (Registered number: SC477013)

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

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 June 2022 328,034 - 328,034
Additions 243,810 4,492 248,302
Disposals (240,000 ) (1,497 ) (241,497 )
At 31 May 2023 331,844 2,995 334,839
NET BOOK VALUE
At 31 May 2023 331,844 2,995 334,839
At 31 May 2022 328,034 - 328,034

In the opinion of the director, the fair value of the investment property at 31st May 2023 was £331844.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade debtors - 480
Other debtors 371 274
371 754

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Taxation and social security 10,050 12,822
Other creditors 204,011 275,161
214,061 287,983

7. RESERVES
Retained
earnings
£   

At 1 June 2022 61,414
Profit for the year 60,068
At 31 May 2023 121,482

8. RELATED PARTY DISCLOSURES

Other creditors include a loan from the director of £203,591 (2022: £274,741). This loan is unsecured and is repayable on demand.