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REGISTERED NUMBER: SC444341 (Scotland)















Financial Statements for the Year Ended 31 March 2022

for

Cater Capital Investment Ltd

Cater Capital Investment Ltd (Registered number: SC444341)






Contents of the Financial Statements
for the Year Ended 31 March 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Cater Capital Investment Ltd

Company Information
for the Year Ended 31 March 2022







DIRECTORS: Mrs Pei Chin Kam
Yin Jye Choi





REGISTERED OFFICE: 55 Springbank Terrace
Aberdeen
AB11 6JZ





REGISTERED NUMBER: SC444341 (Scotland)





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

Cater Capital Investment Ltd (Registered number: SC444341)

Balance Sheet
31 March 2022

31.3.22 31.3.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 34,230 43,271
Investment property 6 150,000 150,000
184,230 193,271

CURRENT ASSETS
Stocks 57,080 303,771
Debtors 7 99,170 149,024
Cash at bank 931 -
157,181 452,795
CREDITORS
Amounts falling due within one year 8 1,789,521 2,002,987
NET CURRENT LIABILITIES (1,632,340 ) (1,550,192 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(1,448,110

)

(1,356,921

)

CREDITORS
Amounts falling due after more than one
year

9

368,474

312,538
NET LIABILITIES (1,816,584 ) (1,669,459 )

CAPITAL AND RESERVES
Called up share capital 11 1,000 1,000
Fair value reserve 12 57,840 57,840
Retained earnings (1,875,424 ) (1,728,299 )
SHAREHOLDERS' FUNDS (1,816,584 ) (1,669,459 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 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 Capital Investment Ltd (Registered number: SC444341)

Balance Sheet - continued
31 March 2022


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 19 April 2024 and were signed on its behalf by:





Mrs Pei Chin Kam - Director


Cater Capital Investment Ltd (Registered number: SC444341)

Notes to the Financial Statements
for the Year Ended 31 March 2022

1. STATUTORY INFORMATION

Cater Capital Investment 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.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £1.

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 as modified by the revaluation of certain assets.

The principal accounting policies adopted in the preparation of the financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Turnover and other income recognition
Turnover is measured at fair value of the consideration received or receivable net of VAT and discounts. The policies adopted for the recognition of turnover are as follows:

Rental Property
Rental income is recognised based on monthly rental periods, in accordance with the property rental agreement.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Computer equipment - 25% straight line

Tangible fixed assets are stated at deemed cost less accumulated depreciation and accumulated impairment.

Government grants
During the year the company benefitted from £55,792 (2021: £74,110) of government grants in the form of the Coronavirus Job Retention Scheme. The grants are included in other operating income within the Income Statement over the same period as the staff costs for which it compensates.

Also during the year the company benefited from £1,250 (2021: £nil) of government grants in the form of interest paid on behalf of the company accrued on the Coronavirus Business Interruption Loan Scheme. In accordance with our accounting policy this credit is included in other operating income within the Income Statement over the same period as the interest is chargeable.

In the previous year the company also received further government grants of £17,500, which are included in other operating income within the Income Statement.

Investment property
Investment property for which fair value can be measured reliably without undue cost or effort are measured at fair value at each reporting date with changes in the fair value recognised in the Income Statement. Deferred tax is provided on any gains at the rate expected to apply when the property is sold.

Cater Capital Investment Ltd (Registered number: SC444341)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

3. ACCOUNTING POLICIES - continued

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

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

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 NIL (2021 - 6 ).

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 April 2021
and 31 March 2022 127,829 476 4,591 132,896
DEPRECIATION
At 1 April 2021 87,129 288 2,208 89,625
Charge for year 8,139 37 865 9,041
At 31 March 2022 95,268 325 3,073 98,666
NET BOOK VALUE
At 31 March 2022 32,561 151 1,518 34,230
At 31 March 2021 40,700 188 2,383 43,271

Cater Capital Investment Ltd (Registered number: SC444341)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 April 2021
and 31 March 2022 68,300
DEPRECIATION
At 1 April 2021 40,224
Charge for year 5,615
At 31 March 2022 45,839
NET BOOK VALUE
At 31 March 2022 22,461
At 31 March 2021 28,076

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2021
and 31 March 2022 150,000
NET BOOK VALUE
At 31 March 2022 150,000
At 31 March 2021 150,000

Fair value at 31 March 2022 is represented by:
£   
Valuation in 2016 7,840
Valuation in 2019 50,000
Cost 92,160
150,000

If the investment property had not been revalued it would have been included at the following historical cost:

31.3.22 31.3.21
£    £   
Cost 92,160 92,160

Investment property was valued on an open market basis on 31 March 2021 by Y J Choi, one of the directors .

Cater Capital Investment Ltd (Registered number: SC444341)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
£    £   
Trade debtors 38,478 1,000
Amounts owed by group undertakings 16,758 6,941
Other debtors 43,934 141,083
99,170 149,024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
£    £   
Bank loans and overdrafts 488,236 655,328
Hire purchase contracts 3,187 4,382
Trade creditors 194,033 185,979
Amounts owed to group undertakings 900 508,140
Taxation and social security 4,343 81,172
Other creditors 1,098,822 567,986
1,789,521 2,002,987

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.22 31.3.21
£    £   
Bank loans 44,386 -
Other creditors 324,088 312,538
368,474 312,538

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 23,386 -

10. SECURED DEBTS

The following secured debts are included within creditors:

31.3.22 31.3.21
£    £   
Bank loans 532,622 654,837

The bank has a fixed charge over, all and whole the subjects on the west side of St Magnus Road, Sandhaven, Fraserburgh.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.22 31.3.21
value: £    £   
1,000 Ordinary £1 1,000 1,000

Cater Capital Investment Ltd (Registered number: SC444341)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

12. RESERVES
Fair
value
reserve
£   
At 1 April 2021
and 31 March 2022 57,840