IRIS Accounts Production v24.2.0.383 SC541879 Board of Directors 1.6.23 31.5.24 31.5.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC5418792023-05-31SC5418792024-05-31SC5418792023-06-012024-05-31SC5418792022-05-31SC5418792022-06-012023-05-31SC5418792023-05-31SC541879ns15:Scotland2023-06-012024-05-31SC541879ns14:PoundSterling2023-06-012024-05-31SC541879ns10:Director12023-06-012024-05-31SC541879ns10:PrivateLimitedCompanyLtd2023-06-012024-05-31SC541879ns10:SmallEntities2023-06-012024-05-31SC541879ns10:AuditExempt-NoAccountantsReport2023-06-012024-05-31SC541879ns10:SmallCompaniesRegimeForDirectorsReport2023-06-012024-05-31SC541879ns10:SmallCompaniesRegimeForAccounts2023-06-012024-05-31SC541879ns10:FullAccounts2023-06-012024-05-31SC541879ns10:Director22023-06-012024-05-31SC541879ns10:RegisteredOffice2023-06-012024-05-31SC541879ns5:CurrentFinancialInstruments2024-05-31SC541879ns5:CurrentFinancialInstruments2023-05-31SC541879ns5:ShareCapital2024-05-31SC541879ns5:ShareCapital2023-05-31SC541879ns5:RetainedEarningsAccumulatedLosses2024-05-31SC541879ns5:RetainedEarningsAccumulatedLosses2023-05-31SC541879ns5:PlantMachinery2023-06-012024-05-31SC541879ns5:PlantMachinery2023-05-31SC541879ns5:PlantMachinery2024-05-31SC541879ns5:WithinOneYearns5:CurrentFinancialInstruments2024-05-31SC541879ns5:WithinOneYearns5:CurrentFinancialInstruments2023-05-31
REGISTERED NUMBER: SC541879 (Scotland)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

Clarian Chalets Ltd

Clarian Chalets Ltd (Registered number: SC541879)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Clarian Chalets Ltd

Company Information
for the Year Ended 31 May 2024







DIRECTORS: C E Galloway
I R P Galloway





REGISTERED OFFICE: East Saltoun Farmhouse
East Saltoun
East Lothian
EH34 5DY





REGISTERED NUMBER: SC541879 (Scotland)





ACCOUNTANTS: EWP Limited
20 Anchor Terrace
3-13 Southwark Bridge Road
London
SE1 9HQ

Clarian Chalets Ltd (Registered number: SC541879)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £   
CURRENT ASSETS
Debtors 5 8,641 8,150
Cash at bank 4,158 71,969
12,799 80,119
CREDITORS
Amounts falling due within one year 6 11,557 92,197
NET CURRENT ASSETS/(LIABILITIES) 1,242 (12,078 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,242

(12,078

)

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 1,240 (12,080 )
1,242 (12,078 )

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

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

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 5 September 2024 and were signed on its behalf by:





I R P Galloway - Director


Clarian Chalets Ltd (Registered number: SC541879)

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


1. STATUTORY INFORMATION

Clarian Chalets Ltd 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 represents net invoiced sales of holidays with a departure date within the year, excluding value added tax.

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 - Straight line over 3 years

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 2 (2023 - 2 ) .

Clarian Chalets Ltd (Registered number: SC541879)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2023
and 31 May 2024 1,334
DEPRECIATION
At 1 June 2023
and 31 May 2024 1,334
NET BOOK VALUE
At 31 May 2024 -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Other debtors 8,641 8,150

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Taxation and social security 1,067 11,159
Other creditors 10,490 81,038
11,557 92,197

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the year end Mr & Mrs I Galloway had a debit balance of £978 (2023 :nil) on their director loan account. This was repaid withing 9 months of the year end.

8. RELATED PARTY DISCLOSURES

SDF Galloway Young is a French registered partnership, in which the shareholders Mr Iain & Mrs Claire Galloway are equal partners. At the year end there was a credit balance of £4,806 (2023 : £22,508 on this account.

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr Iain & Mrs Clare Galloway.