Chris Ross Country Services Limited SC633738 false 2022-07-01 2023-06-30 2023-06-30 The principal activity of the company is that of services relating to hunting and trapping and the rental of business property. Digita Accounts Production Advanced 6.30.9574.0 true true true SC633738 2022-07-01 2023-06-30 SC633738 2023-06-30 SC633738 bus:Director1 1 2023-06-30 SC633738 bus:OrdinaryShareClass1 bus:CumulativeShares 2023-06-30 SC633738 bus:Original 2023-06-30 SC633738 core:RetainedEarningsAccumulatedLosses 2023-06-30 SC633738 core:ShareCapital 2023-06-30 SC633738 core:CurrentFinancialInstruments 2023-06-30 SC633738 core:CurrentFinancialInstruments core:WithinOneYear 2023-06-30 SC633738 core:FurnitureFittingsToolsEquipment 2023-06-30 SC633738 core:MotorVehicles 2023-06-30 SC633738 core:OtherPropertyPlantEquipment 2023-06-30 SC633738 bus:SmallEntities 2022-07-01 2023-06-30 SC633738 bus:AuditExemptWithAccountantsReport 2022-07-01 2023-06-30 SC633738 bus:FullAccounts 2022-07-01 2023-06-30 SC633738 bus:SmallCompaniesRegimeForAccounts 2022-07-01 2023-06-30 SC633738 bus:RegisteredOffice 2022-07-01 2023-06-30 SC633738 bus:Director1 2022-07-01 2023-06-30 SC633738 bus:Director1 1 2022-07-01 2023-06-30 SC633738 bus:OrdinaryShareClass1 bus:CumulativeShares 2022-07-01 2023-06-30 SC633738 bus:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 SC633738 core:FurnitureFittingsToolsEquipment 2022-07-01 2023-06-30 SC633738 core:MotorVehicles 2022-07-01 2023-06-30 SC633738 core:OfficeEquipment 2022-07-01 2023-06-30 SC633738 core:OtherPropertyPlantEquipment 2022-07-01 2023-06-30 SC633738 core:PlantMachinery 2022-07-01 2023-06-30 SC633738 1 2022-07-01 2023-06-30 SC633738 countries:Scotland 2022-07-01 2023-06-30 SC633738 2022-06-30 SC633738 bus:Director1 1 2022-06-30 SC633738 core:FurnitureFittingsToolsEquipment 2022-06-30 SC633738 core:MotorVehicles 2022-06-30 SC633738 core:OtherPropertyPlantEquipment 2022-06-30 SC633738 2021-07-01 2022-06-30 SC633738 2022-06-30 SC633738 bus:Director1 1 2022-06-30 SC633738 bus:OrdinaryShareClass1 bus:CumulativeShares 2022-06-30 SC633738 core:RetainedEarningsAccumulatedLosses 2022-06-30 SC633738 core:ShareCapital 2022-06-30 SC633738 core:CurrentFinancialInstruments 2022-06-30 SC633738 core:CurrentFinancialInstruments core:WithinOneYear 2022-06-30 SC633738 core:FurnitureFittingsToolsEquipment 2022-06-30 SC633738 core:MotorVehicles 2022-06-30 SC633738 core:OtherPropertyPlantEquipment 2022-06-30 SC633738 bus:Director1 1 2021-07-01 2022-06-30 SC633738 bus:Director1 1 2021-06-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: SC633738

Chris Ross Country Services Limited

Unaudited Financial Statements

for the Year Ended 30 June 2023

 

Chris Ross Country Services Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 8

 

Chris Ross Country Services Limited

(Registration number: SC633738)
Balance Sheet as at 30 June 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

37,719

9,551

Investment property

5

156,975

156,975

 

194,694

166,526

Current assets

 

Debtors

6

3,717

4,592

Cash at bank and in hand

 

15,954

19,274

 

19,671

23,866

Creditors: Amounts falling due within one year

7

(173,321)

(169,058)

Net current liabilities

 

(153,650)

(145,192)

Total assets less current liabilities

 

41,044

21,334

Provisions for liabilities

(6,313)

(1,797)

Net assets

 

34,731

19,537

Capital and reserves

 

Called up share capital

100

100

Retained earnings

34,631

19,437

Shareholders' funds

 

34,731

19,537

For the financial year ending 30 June 2023 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 20 October 2023
 

 

Chris Ross Country Services Limited

(Registration number: SC633738)
Balance Sheet as at 30 June 2023


Mr Chris Ross
Director

 

Chris Ross Country Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

1

General information

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

The address of its registered office is:
Verris
Achies
By Halkirk
Caithness
KW12 6UW

These financial statements were authorised for issue by the director on 20 October 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.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

At the balance sheet date, the company had net current liabilities of £153,650 (2022: £145,192). The director has pledged to financially support the business for a period of at least 12 months and therefore feel it is appropriate to prepare these accounts on the going concern basis.

 

Chris Ross Country Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

Judgements

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods, provision of services and rental income in the ordinary course of the company’s activities.

Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Tax

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

The current income 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 taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and Machinery

25% Reducing balance

Office Equipment

25% Straight line

 

Chris Ross Country Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined by external valuers at regular intervals as resquired. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised at the transaction price.

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 1 (2022 - 1).

 

Chris Ross Country Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 July 2022

99

-

13,619

13,718

Additions

-

31,072

1,917

32,989

Disposals

-

-

(1,905)

(1,905)

At 30 June 2023

99

31,072

13,631

44,802

Depreciation

At 1 July 2022

6

-

4,161

4,167

Charge for the year

25

1,295

2,518

3,838

Eliminated on disposal

-

-

(922)

(922)

At 30 June 2023

31

1,295

5,757

7,083

Carrying amount

At 30 June 2023

68

29,777

7,874

37,719

At 30 June 2022

93

-

9,458

9,551

5

Investment properties

2023
£

At 1 July

156,975

At 30 June

156,975

There has been no valuation of investment property by an independent valuer.

6

Debtors

Current

2023
£

2022
£

Trade debtors

-

2,259

Prepayments

3,163

2,333

Other debtors

554

-

 

3,717

4,592

 

Chris Ross Country Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

7

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

180

2,374

Taxation and social security

1,159

2,380

Accruals and deferred income

4,846

4,719

Other creditors

167,136

159,585

173,321

169,058

8

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary Shares of £1 each

100

100

100

100

         

9

Dividends

   

2023

 

2022

   

£

 

£

Interim dividend of £20.00 (2022 - £20.00) per ordinary share

 

2,000

 

2,000

         
 

Chris Ross Country Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

10

Related party transactions

Transactions with the director

2023

At 1 July 2022
£

Advances to director
£

Repayments by director
£

At 30 June 2023
£

Mr Chris Ross

Directors Loan Account

(159,586)

1,008

(8,560)

(167,138)

         
       

 

2022

At 1 July 2021
£

Advances to director
£

Repayments by director
£

At 30 June 2022
£

Mr Chris Ross

Directors Loan Account

(162,790)

9,553

(6,349)

(159,586)

         
       

 


This loan is repayable on demand and interest has been charged at 2.5% per annum.

11

Ultimate controlling party

The ultimate controlling party is Mr C Ross by virtue of his 100% shareholding.