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REGISTERED NUMBER: SC690482 (Scotland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

CRUISE LOCH LINNHE LIMITED

CRUISE LOCH LINNHE LIMITED (REGISTERED NUMBER: SC690482)






CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CRUISE LOCH LINNHE LIMITED

COMPANY INFORMATION
For The Year Ended 31 March 2023







DIRECTORS: C D Whitehead
N D Cameron





REGISTERED OFFICE: R A Clement Associates
5 Argyll Square
OBAN
PA34 4AZ





REGISTERED NUMBER: SC690482 (Scotland)





ACCOUNTANTS: R A Clement Associates
5 Argyll Square
OBAN
Argyll
PA34 4AZ

CRUISE LOCH LINNHE LIMITED (REGISTERED NUMBER: SC690482)

BALANCE SHEET
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 3,322 4,152
Tangible assets 5 18,989 5,629
22,311 9,781

CURRENT ASSETS
Debtors 6 36,571 15,643
Prepayments and accrued income 1,140 2,300
Cash at bank 42,808 2,739
80,519 20,682
CREDITORS
Amounts falling due within one year 7 98,205 56,007
NET CURRENT LIABILITIES (17,686 ) (35,325 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,625

(25,544

)

PROVISIONS FOR LIABILITIES 4,239 -
NET ASSETS/(LIABILITIES) 386 (25,544 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 286 (25,644 )
SHAREHOLDERS' FUNDS 386 (25,544 )

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.

CRUISE LOCH LINNHE LIMITED (REGISTERED NUMBER: SC690482)

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.

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 31 January 2024 and were signed on its behalf by:





N D Cameron - Director


CRUISE LOCH LINNHE LIMITED (REGISTERED NUMBER: SC690482)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 March 2023

1. STATUTORY INFORMATION

Cruise Loch Linnhe 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Website is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Computer equipment - 33% on reducing balance

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

CRUISE LOCH LINNHE LIMITED (REGISTERED NUMBER: SC690482)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 March 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2022 - 9 ) .

4. INTANGIBLE FIXED ASSETS
Website
£   
COST
At 1 April 2022
and 31 March 2023 5,190
AMORTISATION
At 1 April 2022 1,038
Amortisation for year 830
At 31 March 2023 1,868
NET BOOK VALUE
At 31 March 2023 3,322
At 31 March 2022 4,152

5. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 April 2022 5,613 1,280 6,893
Additions 16,893 - 16,893
At 31 March 2023 22,506 1,280 23,786
DEPRECIATION
At 1 April 2022 842 422 1,264
Charge for year 3,250 283 3,533
At 31 March 2023 4,092 705 4,797
NET BOOK VALUE
At 31 March 2023 18,414 575 18,989
At 31 March 2022 4,771 858 5,629

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 36,571 15,643

CRUISE LOCH LINNHE LIMITED (REGISTERED NUMBER: SC690482)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 March 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 51,218 19,139
Taxation and social security 16,241 4,836
Other creditors 30,746 32,032
98,205 56,007