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REGISTERED NUMBER: SC258099 (Scotland)
















Unaudited Financial Statements

for the Period 1 February 2023 to 31 July 2024

for

Campsie Group Limited

Campsie Group Limited (Registered number: SC258099)






Contents of the Financial Statements
for the Period 1 February 2023 to 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Campsie Group Limited

Company Information
for the Period 1 February 2023 to 31 July 2024







DIRECTORS: A W Lobban
E C Riach





SECRETARY: A W Lobban





REGISTERED OFFICE: c/o Gillespie & Anderson
147 Bath Street
Glasgow
G2 4SN





REGISTERED NUMBER: SC258099 (Scotland)





ACCOUNTANTS: Gillespie & Anderson
Chartered Accountants
147 Bath Street
Glasgow
G2 4SN

Campsie Group Limited (Registered number: SC258099)

Balance Sheet
31 July 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 - 150,000

CURRENT ASSETS
Debtors 5 - 343
Cash at bank - 13,526
- 13,869
CREDITORS
Amounts falling due within one year 6 1,728,257 1,891,523
NET CURRENT LIABILITIES (1,728,257 ) (1,877,654 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(1,728,257

)

(1,727,654

)

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (1,728,259 ) (1,727,656 )
SHAREHOLDERS' FUNDS (1,728,257 ) (1,727,654 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 July 2024 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 Profit & Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 August 2024 and were signed on its behalf by:





E C Riach - Director


Campsie Group Limited (Registered number: SC258099)

Notes to the Financial Statements
for the Period 1 February 2023 to 31 July 2024

1. STATUTORY INFORMATION

Campsie Group 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.

Significant judgements and estimates
In preparing the financial statements, management is required to make judgements, estimates and assumptions, based on historical experience and other relevant factors. Actual results may differ from these best estimates, which are reviewed on an ongoing basis.

The items in the financial statements where these judgements are required (and the factors in play) include trade debtors (likelihood of recovery), investment property (fair values), and the going concern basis of accounting.

Turnover
Turnover represents rental income receivable in the year exclusive of VAT, recognised when the company be comes entitled to the income.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments
The company has no complex financial instruments but does hold basic financial instruments of; cash at bank, debtors and creditors.

Cash and cash equivalents comprise cash at bank and on hand, foreign currency on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. A bank overdraft would be shown within current liabilities.

Trade and other debtors are initially recognised at fair value and subsequently measured at amortised cost using the effective interest method, less losses for bad debts except where the effective of discounting would be immaterial. In such cases, trade and other debtors are stated at cost less losses for bad debts.

Trade and other creditors are initially recognised at fair value and subsequently measured at amortised cost using the effective interest rate unless the effect of discounting would be immaterial. In such cases, trade and other creditors are stated at cost.

Taxation
Taxation for the period 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.


Campsie Group Limited (Registered number: SC258099)

Notes to the Financial Statements - continued
for the Period 1 February 2023 to 31 July 2024

2. ACCOUNTING POLICIES - continued
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 period 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.

Employee benefits
The total cost of employee benefits to which employees have become entitled as a result of service rendered to the entity during the reporting period are recognised and charged to the profit and loss account in the period to which they relate.

Provision for liabilities
A provision is initially recognised when there is an obligation at the balance sheet date as the result of a past event, it is probable that there will be the transfer of funds in settlement and the amount of the obligation can be estimated reliably. The provision is subsequently measured by placing a charge against the provision only for expenditure for which the provision was originally recognised.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2023 - NIL).

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2023
and 31 July 2024 150,000
DEPRECIATION
Eliminated on disposal 150,000
At 31 July 2024 150,000
NET BOOK VALUE
At 31 July 2024 -
At 31 January 2023 150,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors - 2
Prepayments - 341
- 343

Campsie Group Limited (Registered number: SC258099)

Notes to the Financial Statements - continued
for the Period 1 February 2023 to 31 July 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed to group undertakings 1,319,686 1,319,686
Tax - 2,460
VAT - 460
Other creditors - 1,000
Directors' current accounts 408,571 565,632
Accruals and deferred income - 2,285
1,728,257 1,891,523

7. RELATED PARTY DISCLOSURES

The following companies are regarded as related parties of the company by virtue of the common directorships and shareholdings held by Messrs Riach and Lobban in the companies concerned:

Rossweir Limited
Eldon Developments Limited

Included within amounts owed to group undertakings are the following:
£
Rossweir Limited 691,414
Eldon Developments Limited 628,273

There were no changes in relation to either loan balance in the year under review, with both loans being regarded as interest free and repayable on demand.

Finally, both directors are considered as related parties - funds reimbursed to the directors totalled £157,062 in the year, as reflected in the notes to the financial statements. These loans are regarded as interest-free and repayable on demand.

8. ULTIMATE CONTROLLING PARTY

The company is privately owned, with both directors owning one issued share each in the company.