Company registration number SC146352 (Scotland)
Clinterty Estates Limited
unaudited financial statements
for the year ended 31 July 2024
Pages for filing with registrar
Clinterty Estates Limited
Contents
Page
Balance sheet
1
Notes to the financial statements
2 - 3
Clinterty Estates Limited
Balance sheet
as at 31 July 2024
- 1 -
2024
2023
Notes
£
£
£
£
Current assets
-
-
Creditors: amounts falling due within one year
3
(146,702)
(146,702)
Net current liabilities
(146,702)
(146,702)
Capital and reserves
Called up share capital
4
2
2
Profit and loss reserves
5
(146,704)
(146,704)
Total equity
(146,702)
(146,702)
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 31 July 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and signed by the director and authorised for issue on 24 September 2024
Mr N Cowie
Director
Company registration number SC146352 (Scotland)
Clinterty Estates Limited
Notes to the financial statements
for the year ended 31 July 2024
- 2 -
1
Accounting policies
Company information
Clinterty Estates Limited is a private company limited by shares incorporated in Scotland. The registered office is North East Scotland College, Aberdeen City Campus, Gallowgate, Aberdeen, Aberdeenshire, AB25 1BN.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies' regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Profit and loss account
The company has not traded during the year or the preceding financial period. During this time the company received no income and incurred no expenditure and therefore no Profit and loss account is presented in these financial statements.
1.3
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
1
1
3
Creditors: amounts falling due within one year
2024
2023
£
£
Amounts owed to group undertakings
146,702
146,702
No interest applies to the amounts due to group undertakings and the balance is payable on demand.
Clinterty Estates Limited
Notes to the financial statements (continued)
for the year ended 31 July 2024
- 3 -
4
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
2
2
2
2
Each ordinary share carries one vote and is entitled to participate pari passu with other ordinary shares in any dividend or capital distribution.
5
Profit and loss reserves
Profit and loss reserves include all current and prior period retained profits and losses.
6
Parent company
The company is a wholly owned subsidiary undertaking of North East Scotland College. Copies of the financial statements of North East Scotland College, which produces group financial statements, may be obtained from The Secretary to the Board of Management of North East Scotland College, Aberdeen City Campus, Gallowgate, Aberdeen, AB25 1BN.