IRIS Accounts Production v23.4.0.336 SC243546 director 1.4.22 31.3.23 31.3.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC2435462022-03-31SC2435462023-03-31SC2435462022-04-012023-03-31SC2435462021-03-31SC2435462021-04-012022-03-31SC2435462022-03-31SC243546ns15:Scotland2022-04-012023-03-31SC243546ns14:PoundSterling2022-04-012023-03-31SC243546ns10:Director12022-04-012023-03-31SC243546ns10:PrivateLimitedCompanyLtd2022-04-012023-03-31SC243546ns10:SmallEntities2022-04-012023-03-31SC243546ns10:AuditExempt-NoAccountantsReport2022-04-012023-03-31SC243546ns10:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-31SC243546ns10:SmallCompaniesRegimeForAccounts2022-04-012023-03-31SC243546ns10:FullAccounts2022-04-012023-03-31SC243546ns10:RegisteredOffice2022-04-012023-03-31SC243546ns5:CurrentFinancialInstruments2023-03-31SC243546ns5:CurrentFinancialInstruments2022-03-31SC243546ns5:ShareCapital2023-03-31SC243546ns5:ShareCapital2022-03-31SC243546ns5:RetainedEarningsAccumulatedLosses2023-03-31SC243546ns5:RetainedEarningsAccumulatedLosses2022-03-31SC243546ns5:MotorVehicles2022-04-012023-03-31SC243546ns5:MotorVehicles2023-03-31
REGISTERED NUMBER: SC243546 (Scotland)















Unaudited Financial Statements

for the Year Ended 31 March 2023

for

Cinn Mhara Ltd.

Cinn Mhara Ltd. (Registered number: SC243546)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Cinn Mhara Ltd.

Company Information
for the Year Ended 31 March 2023







DIRECTOR: Mr A A MacLeod





REGISTERED OFFICE: 2 Cross Street
Fraserburgh
Aberdeenshire
AB43 9EQ





REGISTERED NUMBER: SC243546 (Scotland)





ACCOUNTANTS: SBP
Accountants
2 Cross Street
Fraserburgh
Aberdeenshire
AB43 9EQ

Cinn Mhara Ltd. (Registered number: SC243546)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,000 -

CURRENT ASSETS
Debtors 5 462 450
Cash at bank 6,287 6,299
6,749 6,749
CREDITORS
Amounts falling due within one year 6 30,328 22,320
NET CURRENT LIABILITIES (23,579 ) (15,571 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(20,579

)

(15,571

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (20,679 ) (15,671 )
SHAREHOLDERS' FUNDS (20,579 ) (15,571 )

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 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.

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 director and authorised for issue on 31 March 2024 and were signed by:





Mr A A MacLeod - Director


Cinn Mhara Ltd. (Registered number: SC243546)

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

1. STATUTORY INFORMATION

Cinn Mhara 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.

Going concern
The director, having made due and careful enquiry, is of the opinion that the company has adequate working capital to execute its operations over the next 12 months. The director, therefore, has made an informed judgement, at the time of approving the financial statements, that there is reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. As a result, the director has continued to adopt the going concern basis of accounting in preparing the annual financial statements. The director is the main creditor of the company and he will not seek to draw his loan balance unless he is satisfied that adequate resources will be available to meet all other creditors as they fall due.

Turnover
Turnover represents amounts receivable for services provided in the normal course of business, net of discounts and VAT. Revenue is recognised to the extent that it is probable that economic benefit will flow to the company and when its value can be measured with a sufficient degree of certainty and reliability. All income is recognised in the accounting period to which it relates.

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.
Motor vehicles - 25% on reducing balance

Tangible fixed assets are included at cost less depreciation and impairment. The residual value is reassessed at the end of each accounting period. The computer equipment is fully written down and was written out fully as the items in question were considered obsolete with no remaining value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Motor
vehicles
£   
COST
Additions 4,000
At 31 March 2023 4,000
DEPRECIATION
Charge for year 1,000
At 31 March 2023 1,000
NET BOOK VALUE
At 31 March 2023 3,000

Cinn Mhara Ltd. (Registered number: SC243546)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Tax 462 450

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors - 888
Directors' current accounts 28,773 20,759
Accrued expenses 1,555 673
30,328 22,320

7. RELATED PARTY DISCLOSURES

The director, Mr A MacLeod, operates a current account with the company and as at the financial year end the balance owing to him was £28,773 (2022 - £20,759). There are no fixed terms of repayment and no interest is accrued.

8. ULTIMATE CONTROLLING PARTY

The controlling party is Mr A A MacLeod.