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REGISTERED NUMBER: SC046356 (Scotland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023

FOR

C.F. NASH HOLDINGS LIMITED

C.F. NASH HOLDINGS LIMITED (REGISTERED NUMBER: SC046356)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


C.F. NASH HOLDINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2023







DIRECTORS: Glenn Nash
Elisabeth Nash





REGISTERED OFFICE: Garthland
38 West Argyll Street
Helensburgh
G84 8DD





REGISTERED NUMBER: SC046356 (Scotland)





ACCOUNTANTS: Carrol & Co
Chartered Accountants
14 Rosemount Meadows
Bothwell
G71 8EL

C.F. NASH HOLDINGS LIMITED (REGISTERED NUMBER: SC046356)

STATEMENT OF FINANCIAL POSITION
31 AUGUST 2023

31.8.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 261,383 283,383
Investments 5 3,132,214 3,124,099
3,393,597 3,407,482

CURRENT ASSETS
Debtors 6 27,763 1,580
Cash at bank 34,918 59,128
62,681 60,708
CREDITORS
Amounts falling due within one year 7 957,130 956,602
NET CURRENT LIABILITIES (894,449 ) (895,894 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,499,148

2,511,588

PROVISIONS FOR LIABILITIES 32,000 12,000
NET ASSETS 2,467,148 2,499,588

CAPITAL AND RESERVES
Called up share capital 20,000 20,000
Share premium 1,354 1,354
Fair value reserve 1,283,817 1,281,406
Retained earnings 1,161,977 1,196,828
SHAREHOLDERS' FUNDS 2,467,148 2,499,588

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

C.F. NASH HOLDINGS LIMITED (REGISTERED NUMBER: SC046356)

STATEMENT OF FINANCIAL POSITION - continued
31 AUGUST 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 28 March 2024 and were signed on its behalf by:





Glenn Nash - Director


C.F. NASH HOLDINGS LIMITED (REGISTERED NUMBER: SC046356)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023


1. STATUTORY INFORMATION

C.f. Nash Holdings 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

Preparation of consolidated financial statements
The financial statements contain information about C.f. Nash Holdings Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

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 the cost less estimated residual value of each asset over its estimated useful life.
Land and buildings - 4% on cost

Impairment of assets
At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in the income statement.

If an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of impairment loss is recognised immediately in the income statement.

C.F. NASH HOLDINGS LIMITED (REGISTERED NUMBER: SC046356)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023


2. ACCOUNTING POLICIES - continued

Financial instruments
Basic financial instruments are recognised as follows:

(i) Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method less any impairment.

(ii) Cash and cash equivalents
Cash and cash equivalents include cash at bank and in hand.

Cash and cash equivalents are shown net of bank overdrafts, which are included as current borrowings in liabilities on the statement of financial position.

(iii) Creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Investments
Listed investments are recognised at market value. Revaluation gains and temporary diminutions in value are recognised as a transfer to the revaluation reserve in line with the long term nature under which investments are held. Where a diminution in value below historical cost is deemed permanent, these losses and any subsequent reversal are recognised in the income statement.

Unlisted investments are held at historical cost subject to any impairment of their likely realisable value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

C.F. NASH HOLDINGS LIMITED (REGISTERED NUMBER: SC046356)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023


4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST OR VALUATION
At 1 September 2022
and 31 August 2023 550,000
DEPRECIATION
At 1 September 2022 266,617
Charge for year 22,000
At 31 August 2023 288,617
NET BOOK VALUE
At 31 August 2023 261,383
At 31 August 2022 283,383

Cost or valuation at 31 August 2023 is represented by:

Land and
buildings
£   
Valuation in 2020 840,000
Valuation in 2021 (290,000 )
550,000

5. FIXED ASSET INVESTMENTS
Shares in
group Listed
undertakings investments Totals
£    £    £   
COST OR VALUATION
At 1 September 2022 909,540 2,214,559 3,124,099
Revaluations - 2,411 2,411
Dividends received - 5,704 5,704
At 31 August 2023 909,540 2,222,674 3,132,214
NET BOOK VALUE
At 31 August 2023 909,540 2,222,674 3,132,214
At 31 August 2022 909,540 2,214,559 3,124,099

C.F. NASH HOLDINGS LIMITED (REGISTERED NUMBER: SC046356)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023


5. FIXED ASSET INVESTMENTS - continued

Cost or valuation at 31 August 2023 is represented by:

Shares in
group Listed
undertakings investments Totals
£    £    £   
Valuation in 2020 - 1,696,032 1,696,032
Valuation in 2021 - 253,714 253,714
Valuation in 2022 - 264,813 264,813
Valuation in 2023 - 8,115 8,115
Cost 909,540 - 909,540
909,540 2,222,674 3,132,214

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Other debtors 26,142 -
Prepaid charges 1,621 1,580
27,763 1,580

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Trade creditors 510 509
Amounts owed to group undertakings 949,766 949,766
PAYE and NIC 854 427
Accrued charges 6,000 5,900
957,130 956,602