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REGISTERED NUMBER: SC380416 (Scotland)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

CATOCHIL LIMITED

CATOCHIL LIMITED (REGISTERED NUMBER: SC380416)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3

Chartered Certified Accountants' Report 5

CATOCHIL LIMITED

COMPANY INFORMATION
for the Year Ended 31 March 2024







DIRECTOR: Mr A MacGregor





REGISTERED OFFICE: 5 Atholl Crescent
Edinburgh
EH3 8EJ





REGISTERED NUMBER: SC380416 (Scotland)





ACCOUNTANTS: Acumen Accountants and Advisors Limited
Bankhead Drive
City South Office Park
Portlethen
Aberdeenshire
AB12 4XX

CATOCHIL LIMITED (REGISTERED NUMBER: SC380416)

STATEMENT OF FINANCIAL POSITION
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 350,000 280,000

CURRENT ASSETS
Cash at bank 36,860 36,509

CREDITORS
Amounts falling due within one year 5 634,077 617,270
NET CURRENT LIABILITIES (597,217 ) (580,761 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(247,217

)

(300,761

)

CREDITORS
Amounts falling due after more than one year 6 90,000 102,000
NET LIABILITIES (337,217 ) (402,761 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (337,218 ) (402,762 )
(337,217 ) (402,761 )

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 23 August 2024 and were signed by:





Mr A MacGregor - Director


CATOCHIL LIMITED (REGISTERED NUMBER: SC380416)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Catochil 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.

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


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Although the balance sheet shows a negative reserves balance of £337,217, the accounts have been prepared on the going concern basis as the director has given assurances that the loans received from connected parties will not be repaid until such time as the company is in a position to do so.

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 NIL (2023 - NIL).

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 280,000
Revaluations 70,000
At 31 March 2024 350,000
NET BOOK VALUE
At 31 March 2024 350,000
At 31 March 2023 280,000

CATOCHIL LIMITED (REGISTERED NUMBER: SC380416)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

4. INVESTMENT PROPERTY - continued

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2015 (310,430 )
Valuation in 2024 70,000
Cost 590,430
350,000

If investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 590,430 590,430

Investment property was valued on an open market basis on 27 March 2024 by J & E Shepherd, Chartered Surveyors .

The director considers this value to be appropriate.

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 12,000 12,000
Other creditors 622,077 605,270
634,077 617,270

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 90,000 102,000

7. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 102,000 114,000

Bank borrowings included in creditors above are secured by a standard security over the company's
investment property.

8. RELATED PARTY DISCLOSURES

As at 31 March 2024, included in other creditors, there was a loan balance due of £199,369 (2023: £196,969) to a company who is also controlled and directed by the same shareholder and director.

As at 31 March 2024, included in other creditors, there was a loan balance due of £Nil (2023: £720) to a company who is also controlled and directed by the same shareholder and director.

These loans are interest free and have no fixed repayment terms.




CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
CATOCHIL LIMITED (REGISTERED NUMBER: SC380416)

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.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Catochil Limited for the year ended 31 March 2024 which comprise the Income Statement, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Catochil Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Catochil Limited and state those matters that we have agreed to state to the director of Catochil Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Catochil Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Catochil Limited. You consider that Catochil Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Catochil Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Acumen Accountants and Advisors Limited
Bankhead Drive
City South Office Park
Portlethen
Aberdeenshire
AB12 4XX


23 August 2024