Company Registration No. SC408213 (Scotland)
Carlowrie Castle Limited
Unaudited accounts
for the year ended 31 August 2023
Carlowrie Castle Limited
Unaudited accounts
Contents
Carlowrie Castle Limited
Company Information
for the year ended 31 August 2023
Director
Andrew Wilson Marshall
Company Number
SC408213 (Scotland)
Registered Office
Carlowrie Castle
Boathouse Bridge Road
Kirkliston
EH29 9ES
Carlowrie Castle Limited
Statement of financial position
as at 31 August 2023
Tangible assets
921,970
824,471
Cash at bank and in hand
50,870
844,655
Creditors: amounts falling due within one year
(1,972,060)
(2,998,147)
Net current liabilities
(1,770,462)
(1,924,996)
Total assets less current liabilities
(848,492)
(1,100,525)
Creditors: amounts falling due after more than one year
(334,294)
(325,599)
Net liabilities
(1,182,786)
(1,426,124)
Called up share capital
2
2
Profit and loss account
(1,182,788)
(1,426,126)
Shareholders' funds
(1,182,786)
(1,426,124)
For the year ending 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 30 August 2024 and were signed on its behalf by
Andrew Wilson Marshall
Director
Company Registration No. SC408213
Carlowrie Castle Limited
Notes to the Accounts
for the year ended 31 August 2023
Carlowrie Castle Limited is a private company, limited by shares, registered in Scotland, registration number SC408213. The registered office is Carlowrie Castle, Boathouse Bridge Road, Kirkliston, EH29 9ES.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% Straight Line
Motor vehicles
6.67% Straight Line
Fixtures & fittings
15% Straight Line
Computer equipment
15% Straight Line
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Carlowrie Castle Limited
Notes to the Accounts
for the year ended 31 August 2023
At the balance sheet date the company has a net liability position. The company continues to operate with the financial support provided by the director.
The business continues to recover following the COVID pandemic and is making consistent profits year on year. A significant portion of the companies creditors relate to obligations to provide services where funds have already been received.
It is in the director's opinion, that these financial statements should be prepared on a going concern basis.
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 September 2022
93,148
20,750
1,623,444
18,401
1,755,743
Additions
26,206
3,000
180,510
3,503
213,219
Disposals
-
-
(16,997)
-
(16,997)
At 31 August 2023
119,354
23,750
1,786,957
21,904
1,951,965
At 1 September 2022
74,046
20,750
821,023
15,453
931,272
Charge for the year
4,582
187
92,686
1,268
98,723
At 31 August 2023
78,628
20,937
913,709
16,721
1,029,995
At 31 August 2023
40,726
2,813
873,248
5,183
921,970
At 31 August 2022
19,102
-
802,421
2,948
824,471
Amounts falling due within one year
Trade debtors
20,363
90,838
Accrued income and prepayments
50,334
52,592
Other debtors
52,585
53,395
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
150,335
180,358
Taxes and social security
21,437
12,811
Other creditors
4,246
3,104
Loans from directors
461,488
1,383,250
Deferred income
1,209,570
1,321,219
Carlowrie Castle Limited
Notes to the Accounts
for the year ended 31 August 2023
7
Creditors: amounts falling due after more than one year
2023
2022
Deferred income
334,294
325,599
8
Average number of employees
During the year the average number of employees was 40 (2022: 36).