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REGISTERED NUMBER: SC409084 (Scotland)




















Craigend Properties Limited

Unaudited Financial Statements

for the Year Ended 31 October 2023






Craigend Properties Limited (Registered number: SC409084)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Craigend Properties Limited

Company Information
for the Year Ended 31 October 2023







DIRECTORS: A E White
S White





REGISTERED OFFICE: The Round House,
Woodbush,
Dunbar
East Lothian
EH42 1HB





REGISTERED NUMBER: SC409084 (Scotland)





ACCOUNTANTS: Whitelaw Wells
The Lighthouse
Heugh Road
North Berwick
EH39 5PX

Craigend Properties Limited (Registered number: SC409084)

Balance Sheet
31 October 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 181 46,260
Investments 5 50 50
Investment property 6 145,065 142,279
145,296 188,589

CURRENT ASSETS
Debtors 7 774,192 646,816
Cash at bank 46,575 131,590
820,767 778,406
CREDITORS
Amounts falling due within one year 8 63,867 227,703
NET CURRENT ASSETS 756,900 550,703
TOTAL ASSETS LESS CURRENT
LIABILITIES

902,196

739,292

CREDITORS
Amounts falling due after more than
one year

9

(17,800

)

(27,800

)

PROVISIONS FOR LIABILITIES (45 ) -
NET ASSETS 884,351 711,492

Craigend Properties Limited (Registered number: SC409084)

Balance Sheet - continued
31 October 2023

2023 2022
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 884,251 711,392
884,351 711,492

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

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

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 24 July 2024 and were signed on its behalf by:





A E White - Director


Craigend Properties Limited (Registered number: SC409084)

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

1. STATUTORY INFORMATION

Craigend Properties 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. 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.

Turnover and revenue recognition
Turnover is measured at the fair value of professional fees for property management and consultancy services received or receivable, excluding discounts, value added tax and other sales tax.

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 - 25% on cost and 20% on reducing balance

Investment property
Investment property has been valued at cost.

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 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.

Craigend Properties Limited (Registered number: SC409084)

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

2. 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.

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.

Provisions
Provisions are recognised where the company has a present obligation as a result of a past event, it
is probably the company will be required to settle the obligations, and a reliable estimate can be
made of the obligations. The amount recgonised as a provision is the best estimate of the
consideration required to settle the present obligation at the end of the reporting period, taking into
account the risks and uncertainties surrounding the obligation.

Going concern
The financial statements have been prepared on the going concern principle, which assumes that
the company will continue to trade for the foreseeable future. The directors have no concerns that
the company will continue to trade for at least 12 months from the signing of these financial
statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2022 58,557
Disposals (54,465 )
At 31 October 2023 4,092
DEPRECIATION
At 1 November 2022 12,297
Charge for year 691
Eliminated on disposal (9,077 )
At 31 October 2023 3,911
NET BOOK VALUE
At 31 October 2023 181
At 31 October 2022 46,260

Craigend Properties Limited (Registered number: SC409084)

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

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 November 2022
and 31 October 2023 50
NET BOOK VALUE
At 31 October 2023 50
At 31 October 2022 50

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2022 142,279
Additions 2,786
At 31 October 2023 145,065
NET BOOK VALUE
At 31 October 2023 145,065
At 31 October 2022 142,279

7. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors - 18,000
Other debtors 139,823 13,477
139,823 31,477

Amounts falling due after more than one year:
Other debtors 634,369 615,339

Aggregate amounts 774,192 646,816

Craigend Properties Limited (Registered number: SC409084)

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

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors - 3,248
Taxation and social security 46,972 35,110
Other creditors 6,895 179,345
63,867 227,703

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 17,800 27,800

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2023 and 31 October 2022:

2023 2022
£    £   
A E White
Balance outstanding at start of year 13,477 (72,441 )
Amounts advanced 243,117 160,918
Amounts repaid (116,772 ) (75,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 139,822 13,477

The loan is unsecured and has no set repayment date. Interest has been charged at 2.25%.

11. SECURITY

A fixed charge was created on 22 October 2021 in favour of Fintex Capital S.A over shares relating to Buckingham (Malling Brooks) Limited.

A standard security charge was created on 16 September 2022 in favour of West One Loan Limited over Craigeanie steading, Glenlyon and Perthshire.