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REGISTERED NUMBER: 03249891 (England and Wales)







Unaudited Financial Statements

for the Year Ended 31 December 2023

for

CAIRNSEA INVESTMENTS LIMITED

CAIRNSEA INVESTMENTS LIMITED (REGISTERED NUMBER: 03249891)






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


CAIRNSEA INVESTMENTS LIMITED

Company Information
for the year ended 31 December 2023







DIRECTORS: The Hon A G Catto
The Lord Catto





REGISTERED OFFICE: Flat 121
Portobello Road
London
W11 2DY





REGISTERED NUMBER: 03249891 (England and Wales)





ACCOUNTANTS: Grosvenor Tax Practice Limited
7 Larksfield Road
Kingscourt
Stroud
Gloucestershire
GL5 3PL

CAIRNSEA INVESTMENTS LIMITED (REGISTERED NUMBER: 03249891)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investments 5 311,147 385,770
311,147 385,770

CURRENT ASSETS
Debtors 6 1,621 1,621
Cash at bank 38,904 127,655
40,525 129,276
CREDITORS
Amounts falling due within one year 7 2,242 2,104
NET CURRENT ASSETS 38,283 127,172
TOTAL ASSETS LESS CURRENT LIABILITIES 349,430 512,942

CAPITAL AND RESERVES
Called up share capital 31,875 31,875
Share premium 531,478 531,478
Fair value reserve 8 - 125,454
Retained earnings (213,923 ) (175,865 )
349,430 512,942

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 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.

CAIRNSEA INVESTMENTS LIMITED (REGISTERED NUMBER: 03249891)

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 12 September 2024 and were signed on its behalf by:





The Hon A G Catto - Director


CAIRNSEA INVESTMENTS LIMITED (REGISTERED NUMBER: 03249891)

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

1. STATUTORY INFORMATION

Cairnsea Investments Limited is a private company, limited by shares , registered in England and Wales. 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.

Preparation of consolidated financial statements
The financial statements contain information about Cairnsea Investments Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Investments
Listed investments are recognised initially at fair value which is normally the transaction price. Subsequently they are re-measured at fair value by way of adjustment through the income statement.

Investments that are not publicly traded and whose fair value cannot otherwise be measured reliably are recognised at cost less impairment value until a reliable measure of fair value becomes available.

Investments that have fluctuated in value are recognised through the income statement and the unrealised gains or losses are adjusted to the fair value reserve, which is an undistributable reserve.

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.

CAIRNSEA INVESTMENTS LIMITED (REGISTERED NUMBER: 03249891)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - 2 ).

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023
and 31 December 2023 2,537
DEPRECIATION
At 1 January 2023
and 31 December 2023 2,537
NET BOOK VALUE
At 31 December 2023 -

5. FIXED ASSET INVESTMENTS
Shares in
group Listed Unlisted
undertakings investments investments Totals
£    £    £    £   
COST OR VALUATION
At 1 January 2023 1 375,569 10,200 385,770
Additions - 112,828 - 112,828
Revaluations - (125,454 ) - (125,454 )
Impairments - (61,997 ) - (61,997 )
At 31 December 2023 1 300,946 10,200 311,147
NET BOOK VALUE
At 31 December 2023 1 300,946 10,200 311,147
At 31 December 2022 1 375,569 10,200 385,770

Cost or valuation at 31 December 2023 is represented by:

Shares in
group Listed Unlisted
undertakings investments investments Totals
£    £    £    £   
Valuation in 2023 1 300,946 10,200 311,147

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Other debtors 1,621 1,621

CAIRNSEA INVESTMENTS LIMITED (REGISTERED NUMBER: 03249891)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Other creditors 2,242 2,104

8. RESERVES
Fair
value
reserve
£   
At 1 January 2023 125,454
Revaluations to fair value (125,454 )

At 31 December 2023 -

9. ULTIMATE CONTROLLING PARTY

There is no party with overall control of the company.