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REGISTERED NUMBER: SC630684 (Scotland)















Financial Statements for the Year Ended 31 May 2023

for

Cater Property Investment (Dundee)
Limited

Cater Property Investment (Dundee)
Limited (Registered number: SC630684)






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


Cater Property Investment (Dundee)
Limited

Company Information
for the Year Ended 31 May 2023







DIRECTORS: S W Li
Y J Choi





REGISTERED OFFICE: 703 Great Northern Road
Aberdeen
AB24 2DU





REGISTERED NUMBER: SC630684 (Scotland)





ACCOUNTANTS: Tawse & Partners
Chartered Accountants
18 North Silver Street
Aberdeen
AB10 1JU

Cater Property Investment (Dundee)
Limited (Registered number: SC630684)

Balance Sheet
31 May 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 6,812 -

CURRENT ASSETS
Stocks 6 182,910 224,866
Debtors 7 539,707 199,785
Cash at bank 73,997 117,856
796,614 542,507
CREDITORS
Amounts falling due within one year 8 713,380 433,457
NET CURRENT ASSETS 83,234 109,050
TOTAL ASSETS LESS CURRENT
LIABILITIES

90,046

109,050

CREDITORS
Amounts falling due after more than one
year

9

(33,315

)

(38,889

)

PROVISIONS FOR LIABILITIES (1,294 ) -
NET ASSETS 55,437 70,161

CAPITAL AND RESERVES
Called up share capital 12 100 100
Retained earnings 55,337 70,061
SHAREHOLDERS' FUNDS 55,437 70,161

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 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.

Cater Property Investment (Dundee)
Limited (Registered number: SC630684)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 April 2024 and were signed on its behalf by:





S W Li - Director


Cater Property Investment (Dundee)
Limited (Registered number: SC630684)

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

1. STATUTORY INFORMATION

Cater Property Investment (Dundee) 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

First year adoption of Financial Reporting Standard 102 ( FRS 102) Section 1A
These financial statements for the year ended 31 May 2023 are the first that are prepared in accordance with FRS 102 Section 1A. The previous financial statements were prepared in accordance with FRS 105, the date of transition to FRS 102 Section 1A is 1 June 2021.

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.
Plant and machinery etc - 50% on cost and 25% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Cater Property Investment (Dundee)
Limited (Registered number: SC630684)

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

3. ACCOUNTING POLICIES - continued

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.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at
transaction price. Any losses arising from impairment are recognised in the profit and loss account in other
administrative expenses.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2022 - NIL ) .

5. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
Additions 6,581 964 7,545
At 31 May 2023 6,581 964 7,545
DEPRECIATION
Charge for year 656 77 733
At 31 May 2023 656 77 733
NET BOOK VALUE
At 31 May 2023 5,925 887 6,812

6. STOCKS
31.5.23 31.5.22
£    £   
Work-in-progress 182,910 224,866

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Amounts owed by group undertakings 50,000 20,000
Amounts owed by joint ventures 36,192 -
Other debtors 453,515 179,785
539,707 199,785

Cater Property Investment (Dundee)
Limited (Registered number: SC630684)

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

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Bank loans and overdrafts (see note 10) 5,556 5,556
Trade creditors 176,461 33,049
Amounts owed to group undertakings 26,000 124,810
Amounts owed to joint ventures 600 -
Taxation and social security 56,687 16,522
Other creditors 448,076 253,520
713,380 433,457

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.23 31.5.22
£    £   
Bank loans (see note 10) 33,315 38,889

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 11,093 16,667

10. LOANS

An analysis of the maturity of loans is given below:

31.5.23 31.5.22
£    £   
Amounts falling due within one year or on demand:
Bank loans 5,556 5,556

Amounts falling due between two and five years:
Bank loans - 2-5 years 22,222 22,222

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 11,093 16,667

11. SECURED DEBTS

The following secured debts are included within creditors:

31.5.23 31.5.22
£    £   
Bank loans 38,871 44,445

The loan company has a fixed charge over, all and whole subjects known as and forming 3 Gellatly Street, Dundee

Cater Property Investment (Dundee)
Limited (Registered number: SC630684)

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

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.23 31.5.22
value: £    £   
100 Ordinary Share 1 100 100