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Company Registration No. SC408213 (Scotland)
Carlowrie Castle Limited Unaudited accounts for the year ended 31 August 2023
Carlowrie Castle Limited Unaudited accounts Contents
Page
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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
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Carlowrie Castle Limited Statement of financial position as at 31 August 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
921,970 
824,471 
Current assets
Inventories
27,446 
31,671 
Debtors
123,282 
196,825 
Cash at bank and in hand
50,870 
844,655 
201,598 
1,073,151 
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)
Capital and reserves
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
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Carlowrie Castle Limited Notes to the Accounts for the year ended 31 August 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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
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
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.
Financial instruments
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.
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Carlowrie Castle Limited Notes to the Accounts for the year ended 31 August 2023
Going concern
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 
Depreciation
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 
Net book value
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 
5
Debtors
2023 
2022 
£ 
£ 
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 
123,282 
196,825 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
100,681 
70,181 
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 
Accruals
24,303 
27,224 
Deferred income
1,209,570 
1,321,219 
1,972,060 
2,998,147 
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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).
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