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CAMSERNEY HYDRO SCHEME LIMITED

Registered Number
SC220428
(Scotland)

Unaudited Financial Statements for the Year ended
30 June 2023

CAMSERNEY HYDRO SCHEME LIMITED
Company Information
for the year from 1 July 2022 to 30 June 2023

Directors

F McGibbon
D W Murray

Company Secretary

BELL INGRAM LLP

Registered Address

Durn
Isla Road
Perth
PH2 7HF

Registered Number

SC220428 (Scotland)
CAMSERNEY HYDRO SCHEME LIMITED
Balance Sheet as at
30 June 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets51,034,1411,037,112
Investments61,0001,000
1,035,1411,038,112
Current assets
Debtors848,08655,941
Cash at bank and on hand202,165102,642
250,251158,583
Creditors amounts falling due within one year9(125,641)(124,399)
Net current assets (liabilities)124,61034,184
Total assets less current liabilities1,159,7511,072,296
Creditors amounts falling due after one year10-(33,761)
Provisions for liabilities(2,694)(1,523)
Net assets1,157,0571,037,012
Capital and reserves
Called up share capital200200
Profit and loss account1,156,8571,036,812
Shareholders' funds1,157,0571,037,012
The financial statements were approved and authorised for issue by the Board of Directors on 19 February 2024, and are signed on its behalf by:
D W Murray
Director
Registered Company No. SC220428
CAMSERNEY HYDRO SCHEME LIMITED
Notes to the Financial Statements
for the year ended 30 June 2023

1.Statutory information
The company is a private company limited by shares and registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Accounting policies
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)Straight line (years)
Land and buildings-2.5
Plant and machinery-6.6666
Fixtures and fittings25-
Taxation policy
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax policy
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
4.Employee information

20232022
Average number of employees during the year11
5.Property, plant and equipment

Land & buildings

Plant & machinery

Fixtures & fittings

Total

££££
Cost or valuation
At 01 July 221,187,605209,251-1,396,856
Additions--9,5009,500
At 30 June 231,187,605209,2519,5001,406,356
Depreciation and impairment
At 01 July 22160,751198,993-359,744
Charge for year8,7323,49824112,471
At 30 June 23169,483202,491241372,215
Net book value
At 30 June 231,018,1226,7609,2591,034,141
At 30 June 221,026,85410,258-1,037,112
6.Fixed asset investments

Other investments1

Total

££
Cost or valuation
At 01 July 221,0001,000
At 30 June 231,0001,000
Net book value
At 30 June 231,0001,000
At 30 June 221,0001,000

Notes

1Other investments other than loans
7.Description of nature of transactions and balances with related parties
The following advances and credits to a director subsisted during the years ended 30 June 2023 and 30 June 2022: 2023 2022 £ £ D W Murray Balance outstanding at start of year (400) 797 Amounts advanced 400 - Amounts repaid - (1,197) Balance outstanding at end of year - (400) Loans by the company to a director are unsecured and repayable on demand. Interest is payable on the outstanding overdrawn balance of the loan at the end of the year at the Inland Revenue's Official Rate of Interest relating to beneficial loan agreements.
8.Debtors

2023

2022

££
Trade debtors / trade receivables42,86951,656
Prepayments and accrued income5,2174,285
Total48,08655,941
9.Creditors within one year

2023

2022

££
Trade creditors / trade payables1,3331,752
Bank borrowings and overdrafts28,72444,781
Taxation and social security73,60054,324
Other creditors-400
Accrued liabilities and deferred income21,98423,142
Total125,641124,399
10.Creditors after one year

2023

2022

££
Bank borrowings and overdrafts-33,761
Total-33,761