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REGISTERED NUMBER: SC225303 (Scotland)











































Littledane Limited

Unaudited Financial Statements

for the Year Ended 31st December 2023






Littledane Limited (Registered number: SC225303)






Contents of the Financial Statements
for the year ended 31st December 2023




Page

Company information 1

Balance sheet 2 to 3

Notes to the financial statements 4 to 7


Littledane Limited

Company Information
for the year ended 31st December 2023







Directors: J Blach
J Blach
E D Jensen
H E Rasmussen





Registered office: Academy House
Shedden Park Road
Kelso
Roxburghshire
TD5 7AL





Registered number: SC225303 (Scotland)





Accountants: Rennie Welch LLP
Academy House
Shedden Park Road
Kelso
Roxburghshire
TD5 7AL

Littledane Limited (Registered number: SC225303)

Balance Sheet
31st December 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Tangible assets 4 11,344,766 8,143,577

Current assets
Debtors 5 556,330 533,425
Cash at bank 116,992 251,294
673,322 784,719
Creditors
Amounts falling due within one year 6 367,293 276,585
Net current assets 306,029 508,134
Total assets less current liabilities 11,650,795 8,651,711

Creditors
Amounts falling due after more than one
year

7

(1,794,526

)

(1,831,984

)

Provisions for liabilities (1,947,964 ) (902,163 )
Net assets 7,908,305 5,917,564

Capital and reserves
Called up share capital 696,000 696,000
Revaluation reserve 9 6,283,412 4,211,433
Retained earnings 928,893 1,010,131
Shareholders' funds 7,908,305 5,917,564

Littledane Limited (Registered number: SC225303)

Balance Sheet - continued
31st December 2023


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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 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 Statement of income and retained earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29th August 2024 and were signed on its behalf by:




H E Rasmussen - Director



E D Jensen - Director


Littledane Limited (Registered number: SC225303)

Notes to the Financial Statements
for the year ended 31st December 2023

1. Statutory information

Littledane 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.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Investment property - 10% on cost, 2% on cost and Nil
Improvements to property - 10% on cost
Plant and machinery - 20% on reducing balance and 5% on cost

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

Financial instruments
The following assets and liabilities are classified as financial instruments - trade debtors, trade creditors, accruals, Director's loans, other loans and bank loans.

Bank loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

Trade debtors, Director's loans, other loans, accruals and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the statement of income and retained earnings.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Littledane Limited (Registered number: SC225303)

Notes to the Financial Statements - continued
for the year ended 31st December 2023

2. Accounting policies - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Provisions
Provisions are set up only where it is probable that a present obligation exists as a result of an event prior to the balance sheet date and that a payment will be required in settlement that can be estimated reliably.

Going concern
The directors have considered the company's financial position for a minimum of 12 months and beyond from the date of signing these financial statements and has an expectation that the company should be in a position to continue trading in the current format for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing these financial statements.

3. Employees and directors

The average number of employees during the year was NIL (2022 - NIL).

4. Tangible fixed assets
Improvements
Investment to Plant and
property property machinery Totals
£    £    £    £   
Cost or valuation
At 1st January 2023 8,298,367 10,700 136,895 8,445,962
Additions - 95,372 - 95,372
Revaluations 2,955,561 - - 2,955,561
Reclassification/transfer 106,072 (106,072 ) - -
At 31st December 2023 11,360,000 - 136,895 11,496,895
Depreciation
At 1st January 2023 170,933 2,140 129,312 302,385
Charge for year 21,300 - 1,517 22,817
Revaluation adjustments (173,073 ) (2,140 ) - (175,213 )
Reclassification/transfer 2,140 - - 2,140
At 31st December 2023 21,300 - 130,829 152,129
Net book value
At 31st December 2023 11,338,700 - 6,066 11,344,766
At 31st December 2022 8,127,434 8,560 7,583 8,143,577

Littledane Limited (Registered number: SC225303)

Notes to the Financial Statements - continued
for the year ended 31st December 2023

4. Tangible fixed assets - continued

Cost or valuation at 31st December 2023 is represented by:

Investment Plant and
property machinery Totals
£    £    £   
Valuation in 2008 3,465,148 - 3,465,148
Valuation in 2012 2,934,339 - 2,934,339
Valuation in 2023 2,955,561 - 2,955,561
Cost 2,004,952 136,895 2,141,847
11,360,000 136,895 11,496,895

5. Debtors: amounts falling due within one year
2023 2022
£    £   
Trade debtors 1,745 2,096
Other debtors 554,585 531,329
556,330 533,425

6. Creditors: amounts falling due within one year
2023 2022
£    £   
Trade creditors 278,067 196,762
Taxation and social security 14,226 4,823
Other creditors 75,000 75,000
367,293 276,585

7. Creditors: amounts falling due after more than one year
2023 2022
£    £   
Bank loans 1,794,526 1,756,984
Other creditors - 75,000
1,794,526 1,831,984

Amounts falling due in more than five years:

Repayable by instalments
Bank loans due after five years 1,794,526 1,756,984

8. Secured debts

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 1,794,526 1,756,984

Clydesdale Bank PLC holds a floating charge over the property and assets of the company.

Littledane Limited (Registered number: SC225303)

Notes to the Financial Statements - continued
for the year ended 31st December 2023

9. Reserves

The revaluation reserve relates to a revaluation under old UK GAAP.

10. Directors' advances, credits and guarantees

Included within other debtors are the following loans to directors:

at 1 JanAmountAmountat 31 Dec
2022AdvancedRepaid2023

Director 138--38
Total----

This loan is unsecured, interest free and it is repayable on demand.