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REGISTERED NUMBER: SC715360 (Scotland)















Unaudited Financial Statements for the Year Ended 30 November 2023

for

Cowie Commercial Rents Ltd

Cowie Commercial Rents Ltd (Registered number: SC715360)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4

Report of the Accountants 7

Cowie Commercial Rents Ltd

Company Information
for the Year Ended 30 November 2023







DIRECTOR: MRS J MCCORMACK





REGISTERED OFFICE: Parkside Main Street
Cowie
Stirling
Stirlingshire
FK7 7BN





REGISTERED NUMBER: SC715360 (Scotland)





ACCOUNTANTS: William Watson & Company Accountants Ltd
51 Lynnhurst
Uddingston
G71 6SA

Cowie Commercial Rents Ltd (Registered number: SC715360)

Statement of Financial Position
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 375,000 375,000

CURRENT ASSETS
Debtors 5 - 5,000
Cash at bank 8,987 5,245
8,987 10,245
CREDITORS
Amounts falling due within one year 6 227,956 214,556
NET CURRENT LIABILITIES (218,969 ) (204,311 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

156,031

170,689

CREDITORS
Amounts falling due after more than one
year

7

155,141

167,455
NET ASSETS 890 3,234

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 790 3,134
890 3,234

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 her 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.

Cowie Commercial Rents Ltd (Registered number: SC715360)

Statement of Financial Position - 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 26 August 2024 and were signed by:





MRS J MCCORMACK - Director


Cowie Commercial Rents Ltd (Registered number: SC715360)

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

1. STATUTORY INFORMATION

Cowie Commercial Rents Ltd 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.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 2 (2022 - 1 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2022
and 30 November 2023 375,000
NET BOOK VALUE
At 30 November 2023 375,000
At 30 November 2022 375,000

Cowie Commercial Rents Ltd (Registered number: SC715360)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors - 5,000

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Tax 735 735
Directors' current accounts 225,300 211,900
Accrued expenses 1,921 1,921
227,956 214,556

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.23 30.11.22
£    £   
Bank loans (see note 8) 155,141 167,455

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 155,141 167,455

8. LOANS

An analysis of the maturity of loans is given below:

30.11.23 30.11.22
£    £   
Amounts falling due in more than five years:
Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 155,141 167,455

9. SECURED DEBTS

The following secured debts are included within creditors:

30.11.23 30.11.22
£    £   
Bank loans 155,141 167,455

The Bank of Scotland has security over the property and a floating charge against the company.

Cowie Commercial Rents Ltd (Registered number: SC715360)

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

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 30 November 2023 and the period ended 30 November 2022:

30.11.23 30.11.22
£    £   
MRS J MCCORMACK
Balance outstanding at start of year 211,900 -
Amounts advanced 44,400 212,000
Amounts repaid (31,000 ) (100 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 225,300 211,900

Cowie Commercial Rents Ltd

Report of the Accountants to the Director of
Cowie Commercial Rents Ltd

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Statement of Financial Position you are responsible for the preparation of the financial statements for the year ended 30 November 2023 set out on pages three to seven and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






William Watson & Company Accountants Ltd
51 Lynnhurst
Uddingston
G71 6SA


26 August 2024