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REGISTERED NUMBER: 12367805 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Auchtergaven Investments

Auchtergaven Investments (Registered number: 12367805)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Auchtergaven Investments

Company Information
for the Year Ended 31 March 2024







DIRECTOR: Mr D McDonald





REGISTERED OFFICE: Premier Suite
100 Hatton Garden
London
EC1N 8NX





REGISTERED NUMBER: 12367805 (England and Wales)





ACCOUNTANTS: Wilson Partners Limited
Chartered Accountants
TOR
Saint-Cloud Way
Maidenhead
Berkshire
SL6 8BN

Auchtergaven Investments (Registered number: 12367805)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £   
FIXED ASSETS
Investments 4 47,684,930 47,684,930

CURRENT ASSETS
Cash at bank 2,935 10,670

CREDITORS
Amounts falling due within one year 5 (278,941 ) (283,735 )
NET CURRENT LIABILITIES (276,006 ) (273,065 )
TOTAL ASSETS LESS CURRENT LIABILITIES 47,408,924 47,411,865

CAPITAL AND RESERVES
Called up share capital 23,710 23,710
Share premium 47,395,915 47,395,915
Retained earnings (10,701 ) (7,760 )
47,408,924 47,411,865

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

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 22 August 2024 and were signed by:





Mr D McDonald - Director


Auchtergaven Investments (Registered number: 12367805)

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

1. STATUTORY INFORMATION

Auchtergaven Investments is a private company , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Significant judgements and estimates
In the application of the company's accounting policies the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

The main significant estimate and assumption that affects the position shown in the financial statements is the recoverability of loan notes issued to the company and the interest accruing thereon.

Financial instruments
Basic financial instruments are recognised at amortised cost using the effective interest method, except for investments in non-convertible preference and non-puttable preference and ordinary shares, which are measured at fair value, with changes recognised in profit or loss, except where the fair value cannot be estimated reliably. Derivative financial instruments are initially recorded at cost and thereafter at fair value, with changes recognised in profit and loss.

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 (2023 - NIL).

Auchtergaven Investments (Registered number: 12367805)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2023
and 31 March 2024 47,684,930
NET BOOK VALUE
At 31 March 2024 47,684,930
At 31 March 2023 47,684,930

The company's investments relate to non-derivative equity instruments issued by a private limited company for which no active market exists. Therefore the investments are measured at cost less impairment.

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other creditors 278,941 283,735

6. RELATED PARTY DISCLOSURES

The total amount owed to the director at 31 March 2024 was £276,000 (2023: £276,000). The amount owed is interest free, unsecured and repayable on demand

7. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr D McDonald.