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REGISTERED NUMBER: SC132297 (Scotland)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Floridron Limited

Floridron Limited (Registered number: SC132297)






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 Certified Accountants' Report 8

Floridron Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: B M Sculthorp
Mrs E Tait
Mrs J Harper
Mrs M McClymont





SECRETARY: R Gibson





REGISTERED OFFICE: 37 Muirs
Kinross
KY13 8AS





REGISTERED NUMBER: SC132297 (Scotland)





ACCOUNTANTS: Innes & Partners Limited
Chartered Certified Accountants
9 Ardross Street
Inverness
IV3 5NN

Floridron Limited (Registered number: SC132297)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,826 3,768
Investments 5 10,000 10,000
Investment property 6 - 178,660
12,826 192,428

CURRENT ASSETS
Debtors 7 788,802 975,523
Cash at bank 140,094 59,350
928,896 1,034,873
CREDITORS
Amounts falling due within one year 8 40,143 7,277
NET CURRENT ASSETS 888,753 1,027,596
TOTAL ASSETS LESS CURRENT
LIABILITIES

901,579

1,220,024

CREDITORS
Amounts falling due after more than one
year

9

108,851

310,451
NET ASSETS 792,728 909,573

CAPITAL AND RESERVES
Called up share capital 10 20,000 20,000
Retained earnings 772,728 889,573
SHAREHOLDERS' FUNDS 792,728 909,573

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.

Floridron Limited (Registered number: SC132297)

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 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 17 September 2024 and were signed on its behalf by:





B M Sculthorp - Director


Floridron Limited (Registered number: SC132297)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Floridron 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 20% on cost
Motor vehicles - 20% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

Floridron Limited (Registered number: SC132297)

Notes to the Financial Statements - continued
for the Year Ended 31 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. The rate of translation utilised at 31 December 2023 was $1.27 per £1 (2022 - $1.21).

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Improvements
to Motor
property vehicles Totals
£    £    £   
COST
At 1 January 2023 28,754 4,710 33,464
Disposals (28,754 ) - (28,754 )
At 31 December 2023 - 4,710 4,710
DEPRECIATION
At 1 January 2023 28,754 942 29,696
Charge for year - 942 942
Eliminated on disposal (28,754 ) - (28,754 )
At 31 December 2023 - 1,884 1,884
NET BOOK VALUE
At 31 December 2023 - 2,826 2,826
At 31 December 2022 - 3,768 3,768

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2023
and 31 December 2023 10,000
NET BOOK VALUE
At 31 December 2023 10,000
At 31 December 2022 10,000

Floridron Limited (Registered number: SC132297)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

5. FIXED ASSET INVESTMENTS - continued

The company's investments at the Balance Sheet date in the share capital of companies include the following:

New World Investments Limited
Registered office: 115 St. Andrews Drive, Glasgow, G41 4RA
Nature of business: Holding Company
%
Class of shares: holding
Ordinary 100.00
2023 2022
£    £   
Aggregate capital and reserves 122,171 66,339
Profit for the year 55,832 43,136

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023 178,660
Disposals (178,660 )
At 31 December 2023 -
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 178,660

7. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Other debtors 4,276 2,871

Amounts falling due after more than one year:
Amounts owed by group undertakings 560,077 749,301
Other debtors 224,449 223,351
784,526 972,652

Aggregate amounts 788,802 975,523

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Tax 35,593 882
Other creditors 562 2,896
Accrued expenses 3,988 3,499
40,143 7,277

Floridron Limited (Registered number: SC132297)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Loans from shareholders 32,000 24,000
Loans from directors 76,851 286,451
108,851 310,451

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
20,000 Ordinary £1 20,000 20,000

11. RELATED PARTY DISCLOSURES

Dunmore & Carsaig Estates
A Scottish Partnership in which all of the directors are partners.

Included within Debtors: Amounts falling due within one year - Other Debtors in Note 8 is an amount of £2,871 (2022: £2,871) due from Dunmore & Carsaig Estates.

Loans with directors
During the year, the movement on director's loans was:



Director

Balance at
01/01/2023

Loans
received

Loans
repaid
Expenses
paid
personally

Dividends
accrued

Balance at
31/12/2023
M
McClymont

56,024

25,000

-75,000

-

6,750

12,774
BM
Sculthorp

118,105

170,638

-272,394

10,156

11,750

38,255
J Harper56,324--60,000-6,7503,074
E Tait55,998--50,000-6,75012,748

Loans with shareholders
All shareholders are a close relation to BM Sculthorp, director.
During the year, the movement on shareholder loans was:


Shareholder
Balance at
01/01/2023
Dividends
accrued
Balance at
31/12/2023
GK Sculthorp12,0004,00016,000
KA Sculthorp6,0002,0008,000
RCG Sculthorp6,0002,0008,000

12. ULTIMATE CONTROLLING PARTY

The four directors own 80% (2022 - 80%) of the share capital of the company but no individual director has a controlling interest.

Chartered Certified Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Floridron 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 Floridron Limited for the year ended 31 December 2023 which comprise the Statement of Income and Retained Earnings, 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 the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Floridron 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 Floridron Limited and state those matters that we have agreed to state to the Board of Directors of Floridron Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. 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 Floridron 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 loss of Floridron Limited. You consider that Floridron 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 Floridron 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.






Innes & Partners Limited
Chartered Certified Accountants
9 Ardross Street
Inverness
IV3 5NN


17 September 2024