Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-312024-05-15The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.22023-01-01falseother accomodation2falsetruefalse SC583691 2023-01-01 2023-12-31 SC583691 2022-01-01 2022-12-31 SC583691 2023-12-31 SC583691 2022-12-31 SC583691 c:Director2 2023-01-01 2023-12-31 SC583691 d:Buildings 2023-01-01 2023-12-31 SC583691 d:Buildings 2023-12-31 SC583691 d:Buildings 2022-12-31 SC583691 d:Buildings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 SC583691 d:FurnitureFittings 2023-01-01 2023-12-31 SC583691 d:FurnitureFittings 2023-12-31 SC583691 d:FurnitureFittings 2022-12-31 SC583691 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 SC583691 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 SC583691 d:CurrentFinancialInstruments 2023-12-31 SC583691 d:CurrentFinancialInstruments 2022-12-31 SC583691 d:Non-currentFinancialInstruments 2023-12-31 SC583691 d:Non-currentFinancialInstruments 2022-12-31 SC583691 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 SC583691 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 SC583691 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 SC583691 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 SC583691 d:ShareCapital 2023-12-31 SC583691 d:ShareCapital 2022-12-31 SC583691 d:RetainedEarningsAccumulatedLosses 2023-12-31 SC583691 d:RetainedEarningsAccumulatedLosses 2022-12-31 SC583691 c:OrdinaryShareClass1 2023-01-01 2023-12-31 SC583691 c:OrdinaryShareClass1 2023-12-31 SC583691 c:OrdinaryShareClass1 2022-12-31 SC583691 c:FRS102 2023-01-01 2023-12-31 SC583691 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 SC583691 c:FullAccounts 2023-01-01 2023-12-31 SC583691 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 SC583691 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: SC583691









CROISCRAG LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
CROISCRAG LIMITED
REGISTERED NUMBER: SC583691

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,011,610
905,867

Current assets
  

Debtors: amounts falling due within one year
 5 
4,500
4,624

Cash at bank and in hand
 6 
9,883
14,183

  
14,383
18,807

Creditors: amounts falling due within one year
 7 
(8,213)
(21,062)

Net current assets/(liabilities)
  
 
 
6,170
 
 
(2,255)

Total assets less current liabilities
  
1,017,780
903,612

Creditors: amounts falling due after more than one year
  
(1,155,203)
(1,010,719)

  

Net liabilities
  
(137,423)
(107,107)


Capital and reserves
  

Called up share capital 
 9 
2
2

Profit and loss account
  
(137,425)
(107,109)

  
(137,423)
(107,107)


Page 1

 
CROISCRAG LIMITED
REGISTERED NUMBER: SC583691
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




R J Murray Esq
Director

Date: 15 May 2024

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
CROISCRAG LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Croiscrag Limited is a company incorporated in Scotland. The company's principal activity is that of provision of short term holiday lets. The address of the registered office is Suite 2, Ground Floor Orchard Brae House, 30 Queensferry Road, Edinburgh, EH4 2HS.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The company relies subtantialy on the directors to fund its operations through ongoing loans, and the directors have confirmed their financial support will remain ongoing for the foreseeable future. Therefore, the financial statements have been prepared on a going concern basis. 

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on the following basis.


Property alteration
-
No depreciation is charged until the property alterations are complete
Fixtures and fittings
-
10%
Straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 3

 
CROISCRAG LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.6

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.7

Financial instruments

The company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.


3.


Employees




The average monthly number of employees, including directors, during the year was 2 (2022 - 2).

Page 4

 
CROISCRAG LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Tangible fixed assets





Property alterations
Fixtures and fittings
Total

£
£
£



Cost or valuation


At 1 January 2023
841,219
78,675
919,894


Additions
111,104
2,549
113,653



At 31 December 2023

952,323
81,224
1,033,547



Depreciation


At 1 January 2023
-
14,027
14,027


Charge for the year on owned assets
-
7,910
7,910



At 31 December 2023

-
21,937
21,937



Net book value



At 31 December 2023
952,323
59,287
1,011,610



At 31 December 2022
841,219
64,648
905,867


5.


Debtors

2023
2022
£
£


Other debtors
4,367
4,624

Prepayments and accrued income
133
-

4,500
4,624



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
9,883
14,183

9,883
14,183


Page 5

 
CROISCRAG LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
5,683
18,065

Accruals and deferred income
2,530
2,997

8,213
21,062



8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Other creditors
1,155,203
1,010,719

1,155,203
1,010,719



9.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



2 (2022 - 2) Ordinary shares of £1.00 each
2
2



10.


Related party transactions

Included within other creditors due more then one year is an amount of £1,155,203 (2022 - £1,010,719) due to the directors of the company.


11.


Controlling party

The controlling parties of the company are its directors by virtue of their 100% shareholding.

 
Page 6