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Registration number: SC581323

Craigowl Investments Ltd

Unaudited Financial Statements

for the Year Ended 29 November 2023

 

Craigowl Investments Ltd

Contents

Statement of Financial Position

1 to 2

Notes to the Unaudited Financial Statements

3 to 5

 

Craigowl Investments Ltd

(Registration number: SC581323)
Statement of Financial Position as at 29 November 2023

Note

2023
£

2022
£

Fixed assets

 

Investment property

4

558,355

289,485

Investments

5

94

94

 

558,449

289,579

Current assets

 

Debtors

6

30,000

30,000

Cash at bank and in hand

 

-

221,581

 

30,000

251,581

Creditors: Amounts falling due within one year

7

(221,572)

(95,378)

Net current (liabilities)/assets

 

(191,572)

156,203

Net assets

 

366,877

445,782

Capital and reserves

 

Called up share capital

100

100

Retained earnings

366,777

445,682

Shareholders' funds

 

366,877

445,782

For the financial year ending 29 November 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the Company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The Director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the Director has not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the director on 20 August 2024
 

 

Craigowl Investments Ltd

(Registration number: SC581323)
Statement of Financial Position as at 29 November 2023

.........................................
Mr Michael Callachan
Director

 

Craigowl Investments Ltd

Notes to the Unaudited Financial Statements for the Year Ended 29 November 2023

1

General information

The Company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
4a Albert Street
Dundee
DD5 4JS

2

Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the Company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The Company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the Company's activities.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

 

Craigowl Investments Ltd

Notes to the Unaudited Financial Statements for the Year Ended 29 November 2023

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Financial instruments

Classification
Financial instruments are classified and accounted for, according to the substance of the contractual agreement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

3

Staff numbers

The average number of persons employed by the Company (including the Director) during the year, was 0 (2022 - 0).

4

Investment properties

2023
£

At 30 November

289,485

Additions

268,870

At 29 November

558,355

There has been no valuation of investment property by an independent valuer.

5

Investments

2023
£

2022
£

Investments in associates

94

94

 

Craigowl Investments Ltd

Notes to the Unaudited Financial Statements for the Year Ended 29 November 2023

6

Debtors

Current

Note

2023
£

2022
£

Amounts owed by related parties

30,000

30,000

   

30,000

30,000

7

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Trade creditors

 

962

-

Amounts owed to Group undertakings and undertakings in which the Company has a participating interest

94

94

Accruals and deferred income

 

984

973

Other creditors

 

219,532

94,311

 

221,572

95,378

8

Dividends

Final dividends paid

2023
£

2022
£

Final dividend of £30.30 (2022 - £20.20) per each Ordinary A

3,000

2,000

Final dividend of £50,270.00 (2022 - £92,311.00) per each Ordinary B

50,270

92,311

53,270

94,311