0 false false false false false false false false false false true false false false false false false No description of principal activity 2023-01-01 Sage Accounts Production Advanced 2023 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP SC155908 2023-01-01 2023-12-31 SC155908 2023-12-31 SC155908 2022-12-31 SC155908 2022-01-01 2022-12-31 SC155908 2022-12-31 SC155908 2021-12-31 SC155908 bus:Director4 2023-01-01 2023-12-31 SC155908 core:WithinOneYear 2023-12-31 SC155908 core:WithinOneYear 2022-12-31 SC155908 core:ShareCapital 2023-12-31 SC155908 core:ShareCapital 2022-12-31 SC155908 core:RetainedEarningsAccumulatedLosses 2023-12-31 SC155908 core:RetainedEarningsAccumulatedLosses 2022-12-31 SC155908 bus:SmallEntities 2023-01-01 2023-12-31 SC155908 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 SC155908 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 SC155908 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 SC155908 bus:AbridgedAccounts 2023-01-01 2023-12-31
COMPANY REGISTRATION NUMBER: SC155908
Candho One Limited
Filleted Unaudited Abridged Financial Statements
For the year ended
31 December 2023
Candho One Limited
Abridged Statement of Financial Position
31 December 2023
2023
2022
Note
£
£
£
Fixed assets
Intangible assets
4
98
98
Current assets
Cash at bank and in hand
100
100
Creditors: amounts falling due within one year
686
13
----
----
Net current (liabilities)/assets
( 586)
87
----
----
Total assets less current liabilities
( 488)
185
----
----
Net (liabilities)/assets
( 488)
185
----
----
Capital and reserves
Called up share capital
100
100
Profit and loss account
( 588)
85
----
----
Shareholders (deficit)/funds
( 488)
185
----
----
These abridged financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the abridged statement of income and retained earnings has not been delivered.
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements .
All of the members have consented to the preparation of the abridged statement of income and retained earnings and the abridged statement of financial position for the year ending 31 December 2023 in accordance with Section 444(2A) of the Companies Act 2006.
Candho One Limited
Abridged Statement of Financial Position (continued)
31 December 2023
These abridged financial statements were approved by the board of directors and authorised for issue on 21 August 2024 , and are signed on behalf of the board by:
Mr G P Irvine
Director
Company registration number: SC155908
Candho One Limited
Notes to the Abridged Financial Statements
Year ended 31 December 2023
1. General information
The company is a private company limited by shares, registered in Scotland. The address of the registered office is 27/29 George Street, Bathgate, West Lothian, EH48 1PG.
2. Statement of compliance
These abridged financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Intangible assets
£
Cost
At 1 January 2023 and 31 December 2023
98
----
Amortisation
At 1 January 2023 and 31 December 2023
----
Carrying amount
At 31 December 2023
98
----
At 31 December 2022
98
----
5. Director's advances, credits and guarantees
The company has a client account with Caesar & Howie, a partnership which has 100% ownership and control of Candho One Limited . Mr G Irvine is a director of Candho One Limited and a partner in Caesar & Howie.