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REGISTERED NUMBER: SC201869 (Scotland)















Financial Statements

for the Year Ended 30 November 2023

for

Cairnquay Limited

Cairnquay Limited (Registered number: SC201869)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Cairnquay Limited

Company Information
for the Year Ended 30 November 2023







DIRECTOR: M. Farooq





REGISTERED OFFICE: 738 Pollokshaws Road
Strathbungo
Glasgow
G41 2AE





REGISTERED NUMBER: SC201869 (Scotland)





ACCOUNTANTS: KPP Glasgow South Ltd
Chartered Certified Accountants
Unit 3 , 37 Rosyth Road
Morris Park
Glasgow
G5 0YE

Cairnquay Limited (Registered number: SC201869)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 419 419
Tangible assets 5 1,217 1,432
1,636 1,851

CURRENT ASSETS
Stocks 6 81,435 86,863
Debtors 7 1,800 1,800
Cash at bank and in hand 5,517 3,342
88,752 92,005
CREDITORS
Amounts falling due within one year 8 47,432 22,702
NET CURRENT ASSETS 41,320 69,303
TOTAL ASSETS LESS CURRENT
LIABILITIES

42,956

71,154

CREDITORS
Amounts falling due after more than one
year

9

25,262

35,076
NET ASSETS 17,694 36,078

CAPITAL AND RESERVES
Called up share capital 10 2 2
Retained earnings 17,692 36,076
SHAREHOLDERS' FUNDS 17,694 36,078

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 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.

Cairnquay Limited (Registered number: SC201869)

Balance Sheet - continued
30 November 2023


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 15 May 2024 and were signed by:





M. Farooq - Director


Cairnquay Limited (Registered number: SC201869)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Cairnquay Limited is a private company, limited by shares , 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Computer equipment - 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 December 2022
and 30 November 2023 419
NET BOOK VALUE
At 30 November 2023 419
At 30 November 2022 419

Cairnquay Limited (Registered number: SC201869)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 December 2022
and 30 November 2023 9,444 4,459 13,903
DEPRECIATION
At 1 December 2022 8,558 3,913 12,471
Charge for year 133 82 215
At 30 November 2023 8,691 3,995 12,686
NET BOOK VALUE
At 30 November 2023 753 464 1,217
At 30 November 2022 886 546 1,432

6. STOCKS
30.11.23 30.11.22
£    £   
Stocks 81,435 86,863

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Prepayments 1,800 1,800

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade creditors 3,961 3,811
Tax 2,164 7,442
VAT 622 560
Directors' current accounts 34,649 6,089
Accrued expenses 6,036 4,800
47,432 22,702

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.23 30.11.22
£    £   
Other loans - 1-2 years 25,262 35,076

Cairnquay Limited (Registered number: SC201869)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.23 30.11.22
value: £    £   
2 Ordinary £1 2 2