REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period 23 August 2022 to 31 December 2023 |
for |
Inchinnan Capital Investments Ltd |
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period 23 August 2022 to 31 December 2023 |
for |
Inchinnan Capital Investments Ltd |
Inchinnan Capital Investments Ltd (Registered number: SC742186) |
Contents of the Financial Statements |
for the Period 23 August 2022 to 31 December 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Inchinnan Capital Investments Ltd |
Company Information |
for the Period 23 August 2022 to 31 December 2023 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Bank Chambers |
31 The Square |
Cumnock |
Ayrshire |
KA18 1AT |
Inchinnan Capital Investments Ltd (Registered number: SC742186) |
Balance Sheet |
31 December 2023 |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
7 |
NET LIABILITIES | ( |
) |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings | ( |
) |
( |
) |
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. |
Inchinnan Capital Investments Ltd (Registered number: SC742186) |
Balance Sheet - continued |
31 December 2023 |
The financial statements were approved by the Board of Directors and authorised for issue on |
Inchinnan Capital Investments Ltd (Registered number: SC742186) |
Notes to the Financial Statements |
for the Period 23 August 2022 to 31 December 2023 |
1. | STATUTORY INFORMATION |
Inchinnan Capital Investments Ltd is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Tangible fixed assets |
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over it's estimated useful life as follows: |
Asset | Basis | Annual Rate | Useful life |
Land | Not depreciated | - | - |
Heritable property | Straight line | 2% | 50 years |
Plant and machinery | Straight line | 10-33.33% | 3-10 years |
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. |
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. |
Comparative amounts |
Inchinnan Capital Investments Ltd was incorporated on 23 August 2022 and commenced trading on 23 November 2022. |
The first period of accounts covers the period from 23 August 2022 to 31 December 2023. |
In consequence there is no comparative period. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was NIL. |
Inchinnan Capital Investments Ltd (Registered number: SC742186) |
Notes to the Financial Statements - continued |
for the Period 23 August 2022 to 31 December 2023 |
4. | TANGIBLE FIXED ASSETS |
Land and |
buildings |
£ |
COST |
Additions |
At 31 December 2023 |
DEPRECIATION |
Charge for period |
At 31 December 2023 |
NET BOOK VALUE |
At 31 December 2023 |
Included in cost of land and buildings is freehold land of £ 250,000 which is not depreciated. |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Trade debtors |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Trade creditors |
Other creditors |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
£ |
Amounts owed to group undertakings |
8. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
Amounts due to A Reilly |
£ |
At 31 December 2023 | 5,100 |
Amounts due to directors are repayable on demand. Interest is not charged on amounts due. |
9. | ULTIMATE CONTROLLING PARTY |
The controlling party is L J Reilly. |
The ultimate controlling party is |