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REGISTERED NUMBER: SC497673 (Scotland)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Crown Apartments Limited

Crown Apartments Limited (Registered number: SC497673)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Crown Apartments Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: D M Maclean





REGISTERED OFFICE: Ardconnel Court
38 Ardconnel Street
Inverness
IV2 3EZ





REGISTERED NUMBER: SC497673 (Scotland)





ACCOUNTANTS: Mackay & Co CA
3 Fodderty Way
Dingwall
Ross-shire
IV15 9XB

Crown Apartments Limited (Registered number: SC497673)

Abridged Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,493 22,496

CURRENT ASSETS
Debtors 20,247 16,103
Cash at bank and in hand 205 333
20,452 16,436
CREDITORS
Amounts falling due within one year 99,121 112,611
NET CURRENT LIABILITIES (78,669 ) (96,175 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(77,176

)

(73,679

)

CREDITORS
Amounts falling due after more than
one year

-

4,304
NET LIABILITIES (77,176 ) (77,983 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (77,276 ) (78,083 )
(77,176 ) (77,983 )

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 director acknowledges his 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.

Crown Apartments Limited (Registered number: SC497673)

Abridged 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 December 2023 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 director and authorised for issue on 30 April 2024 and were signed by:





D M Maclean - Director


Crown Apartments Limited (Registered number: SC497673)

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

1. STATUTORY INFORMATION

Crown Apartments 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.
Plant and machinery etc - 20% on cost

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 8 ) .

Crown Apartments Limited (Registered number: SC497673)

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

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2023 162,949
Additions 36,257
Disposals (72,654 )
At 31 December 2023 126,552
DEPRECIATION
At 1 January 2023 140,453
Charge for year 14,207
Eliminated on disposal (29,601 )
At 31 December 2023 125,059
NET BOOK VALUE
At 31 December 2023 1,493
At 31 December 2022 22,496

5. GOING CONCERN

The balance sheet of the company at 31 December 2023 shows a net deficit of £77,176. The company continues to meet all its payment obligations as they fall due and has the full financial support of the parent company, Inver Highland Limited who have confirmed their ongoing intention to support the company until it trades profitably. As such the company's future is sufficiently secure and these accounts have been prepared on a going concern basis.