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REGISTERED NUMBER: SC162573 (Scotland)















Financial Statements for the Year Ended 31 March 2024

for

Melness Crofters Estate
(a private company limited by guarantee)

Melness Crofters Estate (Registered number: SC162573)
(a private company limited by guarantee)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Melness Crofters Estate
(a private company limited by guarantee)

Company Information
for the Year Ended 31 March 2024







DIRECTORS: A H Findlay
M Findlay
Ms K L Mackay
Ms D L Pritchard
M Beveridge
A G MacKay
Ms K Kelly
M Sandison





SECRETARY: W Robertson





REGISTERED OFFICE: Estate Office
Cornhill Road
Talmine
By Lairg
IV27 4YP





REGISTERED NUMBER: SC162573 (Scotland)





ACCOUNTANTS: Highland Accountancy Practice
Chartered Accountants
Suite 1A, Willow House
Stoneyfield Business Park
Inverness
Highland
IV2 7PA

Melness Crofters Estate (Registered number: SC162573)
(a private company limited by guarantee)

Abridged Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 19,881 20,114

CURRENT ASSETS
Debtors 63,656 18,199
Cash at bank and in hand 115,136 114,478
178,792 132,677
CREDITORS
Amounts falling due within one year 78,165 57,840
NET CURRENT ASSETS 100,627 74,837
TOTAL ASSETS LESS CURRENT
LIABILITIES

120,508

94,951

PROVISIONS FOR LIABILITIES 123 -
NET ASSETS 120,385 94,951

RESERVES
Capital Reserve 30,250 30,250
Retained earnings 90,135 64,701
120,385 94,951

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

Melness Crofters Estate (Registered number: SC162573)
(a private company limited by guarantee)

Abridged Balance Sheet - continued
31 March 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 18 September 2024 and were signed on its behalf by:




Ms D L Pritchard - Director



M Beveridge - Director


Melness Crofters Estate (Registered number: SC162573)
(a private company limited by guarantee)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Melness Crofters Estate is a private company, limited by guarantee , 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.

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 the cost less estimated residual value of each asset over its estimated useful life.
Freehold Property - 2% on cost
Fixtures and Fittings - 20% on reducing balance
Computer Equipment - 25% on cost

Tangible fixed assets are initially measured at cost and subsequently measured at cost, net of depreciation, impairment losses, and reversals of impairment losses (where applicable).

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 8 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023 41,336
Additions 714
At 31 March 2024 42,050
DEPRECIATION
At 1 April 2023 21,222
Charge for year 947
At 31 March 2024 22,169
NET BOOK VALUE
At 31 March 2024 19,881
At 31 March 2023 20,114