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REGISTERED NUMBER: SC459739 (Scotland)















Unaudited Financial Statements for the Year Ended 30 September 2023

for

Creaganterve Power Ltd

Creaganterve Power Ltd (Registered number: SC459739)






Contents of the Financial Statements
for the Year Ended 30 September 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Creaganterve Power Ltd

Company Information
for the Year Ended 30 September 2023







DIRECTOR: A P Stamper





REGISTERED OFFICE: Taigh Mhor
Creaganterve Mhor
Ford Road End
Kilmartin
Argyll
PA31 8RQ





REGISTERED NUMBER: SC459739 (Scotland)





ACCOUNTANTS: D and E Accountancy Ltd
Tax Advisors and Accountants
2nd Floor, 2 Walsworth Road
Hitchin
Hertfordshire
SG4 9SP

Creaganterve Power Ltd (Registered number: SC459739)

Balance Sheet
30 September 2023

30.9.23 30.9.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 12,004 14,459
Investments 5 100 100
12,104 14,559

CURRENT ASSETS
Debtors 6 70,487 9,709
Cash at bank 5,647 60,851
76,134 70,560
CREDITORS
Amounts falling due within one year 7 65,977 37,482
NET CURRENT ASSETS 10,157 33,078
TOTAL ASSETS LESS CURRENT
LIABILITIES

22,261

47,637

PROVISIONS FOR LIABILITIES 8 1,048 2,657
NET ASSETS 21,213 44,980

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 21,113 44,880
SHAREHOLDERS' FUNDS 21,213 44,980

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Creaganterve Power Ltd (Registered number: SC459739)

Balance Sheet - continued
30 September 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 15 December 2023 and were signed by:





A P Stamper - Director


Creaganterve Power Ltd (Registered number: SC459739)

Notes to the Financial Statements
for the Year Ended 30 September 2023

1. STATUTORY INFORMATION

Creaganterve Power Ltd 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 represents fee income earned within the period including VAT.

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 - 10% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

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.

Creaganterve Power Ltd (Registered number: SC459739)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 October 2022 9,100 22,632 508 32,240
Additions - - 126 126
At 30 September 2023 9,100 22,632 634 32,366
DEPRECIATION
At 1 October 2022 1,891 15,471 419 17,781
Charge for year 720 1,790 71 2,581
At 30 September 2023 2,611 17,261 490 20,362
NET BOOK VALUE
At 30 September 2023 6,489 5,371 144 12,004
At 30 September 2022 7,209 7,161 89 14,459

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 October 2022
and 30 September 2023 100
NET BOOK VALUE
At 30 September 2023 100
At 30 September 2022 100

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Trade debtors 3,570 4,243
Directors' current accounts 57,220 4,956
Tax 9,187 -
Prepayments 510 510
70,487 9,709

Creaganterve Power Ltd (Registered number: SC459739)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Hire purchase contracts - 4,376
Taxation and social security 33,194 26,570
Other creditors 32,783 6,536
65,977 37,482

8. PROVISIONS FOR LIABILITIES
30.9.23 30.9.22
£    £   
Deferred tax 1,048 2,657

Deferred
tax
£   
Balance at 1 October 2022 2,657
Credit to Income Statement during year (1,609 )
Balance at 30 September 2023 1,048

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.23 30.9.22
value: £    £   
100 Ordinary £1 100 100

10. RESERVES
Retained
earnings
£   

At 1 October 2022 44,880
Profit for the year 66,233
Dividends (90,000 )
At 30 September 2023 21,113

Creaganterve Power Ltd (Registered number: SC459739)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2023 and 30 September 2022:

30.9.23 30.9.22
£    £   
A P Stamper
Balance outstanding at start of year 4,956 9,909
Amounts advanced 57,220 4,956
Amounts repaid (4,956 ) (9,909 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 57,220 4,956

The director has taken a short term loan from the company. It is anticipated to be repaid in 24 months, a commercial rate of interest will be charged.

12. ULTIMATE CONTROLLING PARTY

The controlling party is A P Stamper.