Acorah Software Products - Accounts Production 15.0.600 false true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 SC675616 Miss Gemma Lee Mr Callum Marshall iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC675616 2023-05-31 SC675616 2024-05-31 SC675616 2023-06-01 2024-05-31 SC675616 frs-core:Non-currentFinancialInstruments 2024-05-31 SC675616 frs-core:FurnitureFittings 2024-05-31 SC675616 frs-core:FurnitureFittings 2023-06-01 2024-05-31 SC675616 frs-core:FurnitureFittings 2023-05-31 SC675616 frs-core:ShareCapital 2024-05-31 SC675616 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 SC675616 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 SC675616 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 SC675616 frs-bus:SmallEntities 2023-06-01 2024-05-31 SC675616 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 SC675616 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 SC675616 frs-bus:Director1 2023-06-01 2024-05-31 SC675616 frs-bus:Director2 2023-06-01 2024-05-31 SC675616 frs-countries:Scotland 2023-06-01 2024-05-31 SC675616 2022-05-31 SC675616 2023-05-31 SC675616 2022-06-01 2023-05-31 SC675616 frs-core:Non-currentFinancialInstruments 2023-05-31 SC675616 frs-core:ShareCapital 2023-05-31 SC675616 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: SC675616
C&G Property Investment Limited
Unaudited Financial Statements
For The Year Ended 31 May 2024
TaxAssist West Edinburgh
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: SC675616
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,206 360
Investment Properties 5 199,567 199,567
200,773 199,927
CURRENT ASSETS
Debtors 6 34 36
Cash at bank and in hand 558 1,691
592 1,727
Creditors: Amounts Falling Due Within One Year 7 (72,333 ) (71,895 )
NET CURRENT ASSETS (LIABILITIES) (71,741 ) (70,168 )
TOTAL ASSETS LESS CURRENT LIABILITIES 129,032 129,759
Creditors: Amounts Falling Due After More Than One Year 8 (132,246 ) (132,246 )
NET LIABILITIES (3,214 ) (2,487 )
CAPITAL AND RESERVES
Called up share capital 9 1 1
Profit and Loss Account (3,215 ) (2,488 )
SHAREHOLDERS' FUNDS (3,214) (2,487)
Page 1
Page 2
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Callum Marshall
Director
17/09/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
C&G Property Investment Limited is a private company, limited by shares, incorporated in Scotland, registered number SC675616 . The registered office is 30 Glasgow Road, Edinburgh, EH12 8HL.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 20% Straight line
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 June 2023 470
Additions 1,175
As at 31 May 2024 1,645
Depreciation
As at 1 June 2023 110
Provided during the period 329
As at 31 May 2024 439
...CONTINUED
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Net Book Value
As at 31 May 2024 1,206
As at 1 June 2023 360
5. Investment Property
2024
£
Fair Value
As at 1 June 2023 and 31 May 2024 199,567
6. Debtors
2024 2023
£ £
Due within one year
Other debtors 34 36
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors 72,333 71,895
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Loan account 132,246 132,246
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
Page 4