REGISTERED NUMBER: |
Financial Statements for the Year Ended 31 May 2024 |
for |
Caithness Business Fund |
REGISTERED NUMBER: |
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: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
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 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 5 | ( |
) | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year | 6 | ( |
) |
NET ASSETS |
RESERVES |
Income and expenditure account |
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 |
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 |
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 |
2. | ACCOUNTING POLICIES |
BASIS OF PREPARING THE FINANCIAL STATEMENTS |
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 |
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 |
6. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2024 | 2023 |
£ | £ |
Other creditors |