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REGISTERED NUMBER: SC192001 (Scotland)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

BHALTOS COMMUNITY TRUST LIMITED

BHALTOS COMMUNITY TRUST LIMITED (REGISTERED NUMBER: SC192001)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

BHALTOS COMMUNITY TRUST LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: Mr A Fraser
Mr J Macdonald
Mrs D Macdonald
Mr K Adams
Ms C A Bishop
Mrs J E Macleod
Mrs L Buchanan
Mr J Buchanan


SECRETARY: Mr K Adams


REGISTERED OFFICE: Trust Office
Miavaig
Uig
Isle of Lewis
HS2 9HW


REGISTERED NUMBER: SC192001 (Scotland)


ACCOUNTANTS: CIB Services
Chartered Accountants
63 Kenneth Street
Stornoway
Isle of Lewis
HS1 2DS


BANKERS: Bank of Scotland
47 Cromwell Street
Stornoway
Isle of Lewis
HS1 2DE

BHALTOS COMMUNITY TRUST LIMITED (REGISTERED NUMBER: SC192001)

BALANCE SHEET
31 DECEMBER 2023

31.12.22 31.12.23
£    £    Notes £    £   
FIXED ASSETS
234,764 Tangible assets 4 234,608

CURRENT ASSETS
180 Stocks 180
800 Debtors 5 1,969
12,728 Cash at bank and in hand 40,434
13,708 42,583
CREDITORS
1,033 Amounts falling due within one year 6 1,343
12,675 NET CURRENT ASSETS 41,240
247,439 TOTAL ASSETS LESS CURRENT
LIABILITIES

275,848

CREDITORS
67,000 Amounts falling due after more than one year 7 67,000
180,439 NET ASSETS 208,848

RESERVES
162,230 Revaluation reserve 8 162,230
18,209 Income and expenditure account 46,618
180,439 208,848

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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 surplus or deficit 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.

BHALTOS COMMUNITY TRUST LIMITED (REGISTERED NUMBER: SC192001)

BALANCE SHEET - continued
31 DECEMBER 2023


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 31 May 2024 and were signed on its behalf by:




Mrs D Macdonald - Director



Ms C A Bishop - Director


BHALTOS COMMUNITY TRUST LIMITED (REGISTERED NUMBER: SC192001)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

Bhaltos Community Trust Limited is a private company, limited by guarantee , 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 as modified by the revaluation of certain assets.

These statements are produced in sterling which is the functional currency of the company. All monetary amounts are rounded to the nearest £.

Turnover
Turnover represents members and associates fees, donations, rents and wayleaves.


Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 10% on cost and 5% on cost
Plant and machinery etc - 20% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 (2022 - NIL).

BHALTOS COMMUNITY TRUST LIMITED (REGISTERED NUMBER: SC192001)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
Totals buildings etc
£    £    £   
COST OR VALUATION
At 1 January 2023 365,524 332,924 32,600
Disposals (3,530 ) - (3,530 )
At 31 December 2023 361,994 332,924 29,070
DEPRECIATION
At 1 January 2023 130,760 98,210 32,550
Charge for year 156 106 50
Eliminated on disposal (3,530 ) - (3,530 )
At 31 December 2023 127,386 98,316 29,070
NET BOOK VALUE
At 31 December 2023 234,608 234,608 -
At 31 December 2022 234,764 234,714 50

Cost or valuation at 31 December 2023 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2014 162,230 - 162,230
Cost 170,694 29,070 199,764
332,924 29,070 361,994

If freehold land and improvements had not been revalued they would have been included at the following historical cost:

31.12.23 31.12.22
£    £   
Cost 165,369 165,369
Aggregate depreciation 81,936 81,936

Value of land in freehold land and buildings 83,433 83,433

Freehold land and improvements were valued on an open market basis on 30 May 2014 by District Valuer Services (DVS) .

BHALTOS COMMUNITY TRUST LIMITED (REGISTERED NUMBER: SC192001)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 1,944 800
Other debtors 25 -
1,969 800

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 61 61
Taxation and social security 288 -
Other creditors 994 972
1,343 1,033

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.23 31.12.22
£    £   
Other creditors 67,000 67,000

8. RESERVES
Revaluation
reserve
£   
At 1 January 2023
and 31 December 2023 162,230

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
BHALTOS COMMUNITY TRUST LIMITED


The following reproduces the text of the report prepared for the directors 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 Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors 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 Bhaltos Community Trust Limited for the year ended 31 December 2023 which comprise the Income Statement, Balance Sheet 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 ICAS, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.

This report is made solely to the Board of Directors of Bhaltos Community Trust Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Bhaltos Community Trust Limited and state those matters that we have agreed to state to the Board of Directors of Bhaltos Community Trust Limited, as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Bhaltos Community Trust 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 Bhaltos Community Trust Limited. You consider that Bhaltos Community Trust 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 Bhaltos Community Trust 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.






CIB Services
Chartered Accountants
63 Kenneth Street
Stornoway
Isle of Lewis
HS1 2DS


31 May 2024