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REGISTERED NUMBER: SC450693 (Scotland)















Financial Statements for the Year Ended 31 May 2024

for

Caithness Business Fund

Caithness Business Fund (Registered number: SC450693)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Caithness Business Fund

Company Information
for the Year Ended 31 May 2024







DIRECTORS: Ms T Morris
S Sutherland
Mrs S I Kirk
A S Mackay
Ms J M Simpson
Mrs L M Sinclair
I Taylor
Dr K Nicholson
Ms D Miller
I A Neale
D A Macdonald





REGISTERED OFFICE: Naver Business Centre
Naver House
Naver Road
Thurso
KW14 7QA





REGISTERED NUMBER: SC450693 (Scotland)





ACCOUNTANTS: Reid & Fraser
Chartered Accountants
15 Princes Street
Thurso
Caithness
KW14 7BQ

Caithness Business Fund (Registered number: SC450693)

Balance Sheet
31 May 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Debtors 4 76,000 7,538
Cash at bank 148,000 57,668
224,000 65,206
CREDITORS
Amounts falling due within one year 5 (116,100 ) (5,599 )
NET CURRENT ASSETS 107,900 59,607
TOTAL ASSETS LESS CURRENT
LIABILITIES

107,900

59,607

CREDITORS
Amounts falling due after more than one year 6 (38,000 ) -
NET ASSETS 69,900 59,607

RESERVES
Income and expenditure account 69,900 59,607
69,900 59,607

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

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

Caithness Business Fund (Registered number: SC450693)

Balance Sheet - continued
31 May 2024


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 15 August 2024 and were signed on its behalf by:





Ms T Morris - Director


Caithness Business Fund (Registered number: SC450693)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Caithness Business Fund is a private company, limited by guarantee , 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.

GRANTS PAYABLE
Grants payable are recognised in the profit and loss account in the year in which the directors formally approve an award. Any grant awards which remain unpaid at the year-end are included in creditors falling due within one year in the balance sheet.

DONATIONS RECEIVED
Donated income from Baillie Wind Farm Ltd, Cavendish Nuclear, NRS Dounreay and Nuclear Decommissioning Authority is recognised as income in the profit and loss account in the year in which it is receivable.

3. EMPLOYEES AND DIRECTORS

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

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 76,000 7,538

Grants of £76,000 have been awarded in the year which relate to future accounting periods and remain unpaid at the year end. Whilst the grantees have been awarded the funding, these grants are conditional on certain milestones being met. As a result a debtor has been recognised to match the deferred income relating to those grants.

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other creditors 116,100 5,599

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors 38,000 -