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REGISTERED NUMBER: SC499950 (Scotland)















Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Chanrossa Group Limited

Chanrossa Group Limited (Registered number: SC499950)






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


Chanrossa Group Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: W Dobbie
Mrs E L Chandler
W E Dobbie
S Blues





REGISTERED OFFICE: 23 Manor Place
Edinburgh
EH3 7DX





REGISTERED NUMBER: SC499950 (Scotland)





ACCOUNTANTS: MacMillan Craig
Chartered Accountants
100 Brand Street
Glasgow
G51 1DG

Chanrossa Group Limited (Registered number: SC499950)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,221,788 2,174,967
Investments 5 21,669,644 20,349,160
23,891,432 22,524,127

CURRENT ASSETS
Debtors 6 2,946,757 2,910,858
Cash at bank 136,268 1,334,069
3,083,025 4,244,927
CREDITORS
Amounts falling due within one year 7 6,977,257 6,677,164
NET CURRENT LIABILITIES (3,894,232 ) (2,432,237 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

19,997,200

20,091,890

CAPITAL AND RESERVES
Called up share capital 17,185,000 17,185,000
Fair value reserve 8 11,813 -
Retained earnings 2,800,387 2,906,890
19,997,200 20,091,890

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.

Chanrossa Group Limited (Registered number: SC499950)

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 13 September 2024 and were signed on its behalf by:





W Dobbie - Director


Chanrossa Group Limited (Registered number: SC499950)

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

1. STATUTORY INFORMATION

Chanrossa Group 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.

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.
Land and buildings - 2% on cost
Plant and machinery etc - 33% on cost, 25% on cost and Over 1 year

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost less any provision for impairment.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

Chanrossa Group Limited (Registered number: SC499950)

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

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2023 2,094,698 82,164 2,176,862
Additions 64,879 3,032 67,911
At 31 December 2023 2,159,577 85,196 2,244,773
DEPRECIATION
At 1 January 2023 - 1,895 1,895
Charge for year - 21,090 21,090
At 31 December 2023 - 22,985 22,985
NET BOOK VALUE
At 31 December 2023 2,159,577 62,211 2,221,788
At 31 December 2022 2,094,698 80,269 2,174,967

5. FIXED ASSET INVESTMENTS

31.12.23 31.12.22
£    £   
Shares in group undertakings 18,881,984 18,881,984
Other investments not loans 2,153,730 1,458,376
Other loans 633,930 8,800
21,669,644 20,349,160

Additional information is as follows:
Shares in
group Other
undertakings investments Totals
£    £    £   
COST
At 1 January 2023 21,151,875 1,458,376 22,610,251
Additions 49,998 695,354 745,352
At 31 December 2023 21,201,873 2,153,730 23,355,603
PROVISIONS
At 1 January 2023 2,269,891 - 2,269,891
Provision for year 49,998 - 49,998
At 31 December 2023 2,319,889 - 2,319,889
NET BOOK VALUE
At 31 December 2023 18,881,984 2,153,730 21,035,714
At 31 December 2022 18,881,984 1,458,376 20,340,360

Chanrossa Group Limited (Registered number: SC499950)

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

5. FIXED ASSET INVESTMENTS - continued
Loans to
group Other
undertakings loans Totals
£    £    £   
At 1 January 2023 - 8,800 8,800
New in year 25,000 633,930 658,930
Other movement (25,000 ) (8,800 ) (33,800 )
At 31 December 2023 - 633,930 633,930

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 23,400 37,400
Amounts owed by group undertakings 2,899,354 2,873,458
Prepayments and accrued income 24,003 -
2,946,757 2,910,858

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Other loans 508,934 -
Trade creditors 5,549 27,122
Social security and other taxes 13,622 5,370
VAT 21,910 10,308
Other creditors 2,566,066 3,750,000
Directors' loan accounts 3,837,451 2,874,062
Accrued expenses 23,725 10,302
6,977,257 6,677,164

8. RESERVES
Fair
value
reserve
£   
Share based payments 11,813

At 31 December 2023 11,813

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is W Dobbie.