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REGISTERED NUMBER: SC439525 (Scotland)















Unaudited Financial Statements for the Year Ended 30 November 2022

for

Castle Craig Investments Limited

Castle Craig Investments Limited (Registered number: SC439525)






Contents of the Financial Statements
for the Year Ended 30 November 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Castle Craig Investments Limited

Company Information
for the Year Ended 30 November 2022







DIRECTORS: J W M Manclark
R M S Milne





REGISTERED OFFICE: 7 Hopetoun Crescent
Edinburgh
EH7 4AY





REGISTERED NUMBER: SC439525 (Scotland)





ACCOUNTANTS: Jeffrey Crawford & Co
Chartered Accountants
25 Castle Terrace
Edinburgh
EH1 2ER

Castle Craig Investments Limited (Registered number: SC439525)

Balance Sheet
30 November 2022

2022 2021
Notes £    £   
CURRENT ASSETS
Stocks 1,758,664 1,705,902
Debtors 5 - 8,607
1,758,664 1,714,509
CREDITORS
Amounts falling due within one year 6 2,394,589 2,349,134
NET CURRENT LIABILITIES (635,925 ) (634,625 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(635,925

)

(634,625

)

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (635,926 ) (634,626 )
SHAREHOLDERS' FUNDS (635,925 ) (634,625 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 30 August 2024 and were signed on its behalf by:





R M S Milne - Director


Castle Craig Investments Limited (Registered number: SC439525)

Notes to the Financial Statements
for the Year Ended 30 November 2022

1. STATUTORY INFORMATION

Castle Craig Investments 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 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.

Going concern
The company made a loss for the year of £1,300 (2021: £3,874 loss) and has net liabilities of £635,925 (2021: £634,625).

The ability of the company to continue as a going concern remains dependent on the continuing support of its parent company and the ultimate controlling party, J W M Manclark.

The directors are confident that this support will continue for the foreseeable future and are therefore satisfied that the going concern basis of preparation continues to be appropriate. The financial statements do not include any adjustments that would result if the company was unable to continue as a going concern.

Significant judgements and estimates
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. The following judgements (apart from those involving estimates) have had the most significant effect on amounts recognised in the financial statements.

Significant judgement is required in determining the stage of completion, the extent of cost incurred, the estimated future revenue and cost, as well as the recoverability of work in progress. Recoverability includes the value of existing land and property taking into account the planning consents approved and the realisable value at the balance sheet date. Any costs which are deemed to be in excess of recoverable amounts are charged to expenses in the year.

Turnover
Turnover consists of the sales value, excluding VAT, of work in the period falling within the company's ordinary activities to supply goods and services to third parties.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost

Stocks
Stock and work in progress are valued at the lower of cost and net realisable value. Stock and work in progress are reviewed annually by the directors for recoverability and any write down considered necessary is charged to the income statement.

Stock represents the costs to date of development land and subsequent planning and development costs relating to a proposed retirement complex.

Castle Craig Investments Limited (Registered number: SC439525)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2022

2. ACCOUNTING POLICIES - continued

Financial instruments
The following assets and liabilities are classified as financial instruments - trade debtors, trade creditors and directors' loans.

Directors' loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

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 balance sheet date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2021 - NIL).

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2021 1,995
Disposals (1,995 )
At 30 November 2022 -
DEPRECIATION
At 1 December 2021 1,995
Eliminated on disposal (1,995 )
At 30 November 2022 -
NET BOOK VALUE
At 30 November 2022 -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Other debtors - 8,607

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Amounts owed to group undertakings 2,391,689 2,347,434
Other creditors 2,900 1,700
2,394,589 2,349,134

Amounts owed from / to group undertakings are unsecured, interest free and repayable on demand.

Castle Craig Investments Limited (Registered number: SC439525)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2022

7. ULTIMATE CONTROLLING PARTY

The controlling party is Knowe Properties Limited.

The ultimate controlling party is J W M Manclark.