IRIS Accounts Production v24.1.4.33 SC612349 director 1.12.22 30.11.23 30.11.23 0 0 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC6123492022-11-30SC6123492023-11-30SC6123492022-12-012023-11-30SC6123492021-11-30SC6123492021-12-012022-11-30SC6123492022-11-30SC612349ns15:Scotland2022-12-012023-11-30SC612349ns14:PoundSterling2022-12-012023-11-30SC612349ns10:Director12022-12-012023-11-30SC612349ns10:PrivateLimitedCompanyLtd2022-12-012023-11-30SC612349ns10:SmallEntities2022-12-012023-11-30SC612349ns10:AuditExempt-NoAccountantsReport2022-12-012023-11-30SC612349ns10:SmallCompaniesRegimeForDirectorsReport2022-12-012023-11-30SC612349ns10:SmallCompaniesRegimeForAccounts2022-12-012023-11-30SC612349ns10:FullAccounts2022-12-012023-11-30SC612349ns10:RegisteredOffice2022-12-012023-11-30SC612349ns5:CurrentFinancialInstruments2023-11-30SC612349ns5:CurrentFinancialInstruments2022-11-30SC612349ns5:Non-currentFinancialInstruments2023-11-30SC612349ns5:Non-currentFinancialInstruments2022-11-30SC612349ns5:ShareCapital2023-11-30SC612349ns5:ShareCapital2022-11-30SC612349ns5:RetainedEarningsAccumulatedLosses2023-11-30SC612349ns5:RetainedEarningsAccumulatedLosses2022-11-30SC612349ns5:LandBuildings2022-12-012023-11-30SC612349ns5:LandBuildings2022-11-30SC612349ns5:LandBuildings2023-11-30SC612349ns5:LandBuildings2022-11-30SC612349ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-11-30SC612349ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-11-30
REGISTERED NUMBER: SC612349 (Scotland)















Unaudited Financial Statements for the Year Ended 30 November 2023

for

PLOUGH INVESTMENTS LTD

PLOUGH INVESTMENTS LTD (REGISTERED NUMBER: SC612349)

Contents of the Financial Statements
for the Year Ended 30 November 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PLOUGH INVESTMENTS LTD

Company Information
for the Year Ended 30 November 2023







DIRECTOR: S Cruickshank





REGISTERED OFFICE: 5 Carden Place
Aberdeen
AB10 1UT





REGISTERED NUMBER: SC612349 (Scotland)






PLOUGH INVESTMENTS LTD (REGISTERED NUMBER: SC612349)

Balance Sheet
30 November 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 256,761 256,761

CURRENT ASSETS
Debtors 5 50,382 61,298
Cash at bank 331 159
50,713 61,457
CREDITORS
Amounts falling due within one year 6 208,500 215,269
NET CURRENT LIABILITIES (157,787 ) (153,812 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

98,974

102,949

CREDITORS
Amounts falling due after more than one
year

7

84,164

86,911
NET ASSETS 14,810 16,038

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 14,808 16,036
14,810 16,038

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

PLOUGH INVESTMENTS LTD (REGISTERED NUMBER: SC612349)

Balance Sheet - continued
30 November 2023


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 director and authorised for issue on 12 July 2024 and were signed by:





S Cruickshank - Director


PLOUGH INVESTMENTS LTD (REGISTERED NUMBER: SC612349)

Notes to the Financial Statements
for the Year Ended 30 November 2023


1. STATUTORY INFORMATION

Plough Investments 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - held 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.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST
At 1 December 2022
and 30 November 2023 256,761
NET BOOK VALUE
At 30 November 2023 256,761
At 30 November 2022 256,761

PLOUGH INVESTMENTS LTD (REGISTERED NUMBER: SC612349)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 50,382 61,298

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 3,720 3,720
Taxation and social security - 989
Other creditors 204,780 210,560
208,500 215,269

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 84,164 86,911

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 69,284 72,031

8. ULTIMATE CONTROLLING PARTY

The controlling party is S Cruickshank.