It's Cauld Ltd. SC341975 true 2023-02-01 2024-01-31 2024-01-31 The principal activity of the company is that of a non trading holding company. Digita Accounts Production Advanced 6.30.9574.0 true A B Beattie E Beattie false true true SC341975 2023-02-01 2024-01-31 SC341975 2024-01-31 SC341975 bus:OrdinaryShareClass1 2024-01-31 SC341975 core:RetainedEarningsAccumulatedLosses 2024-01-31 SC341975 core:ShareCapital 2024-01-31 SC341975 core:CurrentFinancialInstruments core:WithinOneYear 2024-01-31 SC341975 bus:FRS102 2023-02-01 2024-01-31 SC341975 bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 SC341975 bus:FullAccounts 2023-02-01 2024-01-31 SC341975 bus:RegisteredOffice 2023-02-01 2024-01-31 SC341975 bus:CompanySecretary1 2023-02-01 2024-01-31 SC341975 bus:Director2 2023-02-01 2024-01-31 SC341975 bus:OrdinaryShareClass1 2023-02-01 2024-01-31 SC341975 bus:EntityNoLongerTradingButTradedInPast 2023-02-01 2024-01-31 SC341975 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 SC341975 core:Subsidiary1 2023-02-01 2024-01-31 SC341975 core:Subsidiary1 1 2023-02-01 2024-01-31 SC341975 core:Subsidiary1 countries:England 2023-02-01 2024-01-31 SC341975 countries:Scotland 2023-02-01 2024-01-31 SC341975 core:CostValuation 2023-01-31 SC341975 2023-01-31 SC341975 bus:OrdinaryShareClass1 2023-01-31 SC341975 core:RetainedEarningsAccumulatedLosses 2023-01-31 SC341975 core:ShareCapital 2023-01-31 SC341975 core:CurrentFinancialInstruments core:WithinOneYear 2023-01-31 SC341975 core:Subsidiary1 1 2022-02-01 2023-01-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: SC341975

It's Cauld Ltd.

trading as It's Cauld Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 31 January 2024

 

It's Cauld Ltd.

trading as It's Cauld Ltd

Profit and Loss Account for the Year Ended 31 January 2024

The company has not traded during the year. During this year, the company received no income and incurred no expenditure and therefore made neither profit nor loss.

 

It's Cauld Ltd.

trading as It's Cauld Ltd

(Registration number: SC341975)
Balance Sheet as at 31 January 2024

Note

2024
£

2023
£

Fixed assets

 

Investments

3

1,000

1,000

Creditors: Amounts falling due within one year

(2,663)

(2,663)

Net liabilities

 

(1,663)

(1,663)

Capital and reserves

 

Called up share capital

4

1

1

Retained earnings

(1,664)

(1,664)

Shareholders' deficit

 

(1,663)

(1,663)

For the financial year ending 31 January 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 18 September 2024
 

.........................................
A B Beattie
Director

 

It's Cauld Ltd.

trading as It's Cauld Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

1

General information

The company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
27 North Bridge Street
Hawick
Scottish Borders
TD9 9BD
United Kingdom

The principal place of business is:
27 North Bridge Street
Hawick
Scottish Borders
TD9 9BD
United Kingdom

These financial statements were authorised for issue by the director on 18 September 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The company is not directly impacted by Brexit.

The company has suffered financially from the pandemic. Where appropriate, government support in the forms of grants and loans were used to mitigate the impact of lockdowns etc. The directors will continue to assess the impact of the pandemic and make decisions accordingly.

The financial statements are presented in Sterling (£) and rounded to the nearest £0.

Going concern

The financial statements have been prepared on a going concern basis which assumes the company will continue for the forseeable future. The company has Net Liabilities as at 31 January 2024 of £1,663 (2023: £1,663). The directors and owners will continue to support the company.

 

It's Cauld Ltd.

trading as It's Cauld Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

Judgements

Preparation of the financial statements requires management to make significant judgements and estimates. The items in the financial statements where these judgements and estimates have been made included:

Useful economic lives of tangible assets – the annual depreciation charge for tangible assets is sensitive to change in the estimated useful economic lives and residual values of the assets. The useful economic lives and residual values are re-assessed annually. They are amended when necessary to reflect current estimates, based on economic utilisation, and the physical condition of the assets.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Financial instruments

Classification
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of it’s liabilities.
 Recognition and measurement
Where shares are issued, any component that creates, a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as an interest expenses in the profit and loss account.
 Impairment
At the end of each reporting period financial instruments measured at fair value are assessed for objective evidence of impairment. The impairment loss is recognised in the profit and loss account.

3

Investments

2024
£

2023
£

Investments in subsidiaries

1,000

1,000

Subsidiaries

£

Cost or valuation

At 1 February 2023

1,000

Provision

Carrying amount

At 31 January 2024

1,000

At 31 January 2023

1,000

 

It's Cauld Ltd.

trading as It's Cauld Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

Details of undertakings

Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

2024

2023

Subsidiary undertakings

Kendal Fish Farms Limited

England

Ordinary £1 shares

100%

100%

Subsidiary undertakings

Kendal Fish Farms Limited

The principal activity of Kendal Fish Farms Limited is property rental and development..

4

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

1

1

1

1