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Company Registration No. SC387612 (Scotland)
Amhuinnsuidhe Castle Limited Unaudited accounts for the year ended 31 December 2023
Amhuinnsuidhe Castle Limited Unaudited accounts Contents
Page
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Amhuinnsuidhe Castle Limited Company Information for the year ended 31 December 2023
Directors
Thomas Kenneth Murray Rachael Anne Scarr-Hall
Secretary
Innes Morrison
Company Number
SC387612 (Scotland)
Registered Office
Gillespie Macandrew 5 Atholl Crescent Edinburgh Midlothian EH3 8EJ Scotland
Accountants
Taxnfacts Ltd Timbuckthree 9 New Tolsta Isle of Lewis HS2 0NN
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Amhuinnsuidhe Castle Limited Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
1,184,530 
1,195,177 
Tangible assets
3,225,167 
3,175,002 
Investments
797,389 
797,389 
5,207,086 
5,167,568 
Current assets
Inventories
12,724 
12,800 
Debtors
261,234 
291,375 
Cash at bank and in hand
4,291 
10,717 
278,249 
314,892 
Creditors: amounts falling due within one year
(288,534)
(387,480)
Net current liabilities
(10,285)
(72,588)
Total assets less current liabilities
5,196,801 
5,094,980 
Creditors: amounts falling due after more than one year
(3,677,835)
(2,988,349)
Net assets
1,518,966 
2,106,631 
Capital and reserves
Called up share capital
4,139,327 
4,139,327 
Profit and loss account
(2,620,361)
(2,032,696)
Shareholders' funds
1,518,966 
2,106,631 
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
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
Rachael Anne Scarr-Hall Director Company Registration No. SC387612
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Amhuinnsuidhe Castle Limited Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
Amhuinnsuidhe Castle Limited is a private company, limited by shares, registered in Scotland, registration number SC387612. The registered office is Gillespie Macandrew, 5 Atholl Crescent, Edinburgh, Midlothian, EH3 8EJ, Scotland.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
Not depreciated
Plant & machinery
5-33% straight line
Motor vehicles
25-33% straight line
Fixtures & fittings
10-20% straight line
Computer equipment
33% straight line
Intangible fixed assets
Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Sporting rights are reviewed annually for impairment. Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
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Amhuinnsuidhe Castle Limited Notes to the Accounts for the year ended 31 December 2023
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Going concern
At the accounting reference date the company had net current liabilities of £72,558 (2021: net current assets of £20,836). At the time of approving the financial statements, the directors considers the company to have the support of its funders and owners. The director has a reasonable expectation that the company will continue in operational existence for the foreseeable future, and that the company has sufficient resources available to continue trading through this period and for at least the next twelve months. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.
4
Intangible fixed assets
Goodwill 
Other 
Total 
£ 
£ 
£ 
Cost
At 1 January 2023
212,942 
1,114,675 
1,327,617 
At 31 December 2023
212,942 
1,114,675 
1,327,617 
Amortisation
At 1 January 2023
127,765 
4,675 
132,440 
Charge for the year
10,647 
- 
10,647 
At 31 December 2023
138,412 
4,675 
143,087 
Net book value
At 31 December 2023
74,530 
1,110,000 
1,184,530 
At 31 December 2022
85,177 
1,110,000 
1,195,177 
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Amhuinnsuidhe Castle Limited Notes to the Accounts for the year ended 31 December 2023
5
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At cost 
At 1 January 2023
2,611,755 
746,857 
167,687 
112,628 
3,913 
3,642,840 
Additions
49,111 
20,906 
42,932 
14,576 
324 
127,849 
Disposals
- 
- 
- 
(1,284)
- 
(1,284)
At 31 December 2023
2,660,866 
767,763 
210,619 
125,920 
4,237 
3,769,405 
Depreciation
At 1 January 2023
- 
329,026 
100,901 
36,169 
1,742 
467,838 
Charge for the year
- 
17,129 
35,383 
20,995 
1,094 
74,601 
On disposals
- 
- 
- 
1,799 
- 
1,799 
At 31 December 2023
- 
346,155 
136,284 
58,963 
2,836 
544,238 
Net book value
At 31 December 2023
2,660,866 
421,608 
74,335 
66,957 
1,401 
3,225,167 
At 31 December 2022
2,611,755 
417,831 
66,786 
76,459 
2,171 
3,175,002 
6
Investments
Other investments 
£ 
Valuation at 1 January 2023
797,389 
Valuation at 31 December 2023
797,389 
7
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
12,306 
- 
Trade debtors
(6,413)
25,765 
Amounts due from group undertakings etc.
210,617 
203,212 
Accrued income and prepayments
42,780 
62,262 
Other debtors
1,944 
136 
261,234 
291,375 
8
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
22,533 
10,000 
VAT
- 
7,508 
Obligations under finance leases and hire purchase contracts
51,036 
18,986 
Trade creditors
63,155 
74,782 
Amounts owed to group undertakings and other participating interests
18,816 
21,256 
Taxes and social security
12,329 
4,485 
Other creditors
3,417 
4,585 
Accruals
9,621 
95,046 
Deferred income
107,627 
150,832 
288,534 
387,480 
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Amhuinnsuidhe Castle Limited Notes to the Accounts for the year ended 31 December 2023
9
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
14,167 
24,167 
Obligations under finance leases and hire purchase contracts
41,259 
53,167 
Amounts owed to group undertakings and other participating interests
3,204,906 
2,532,857 
Other creditors
417,503 
378,158 
3,677,835 
2,988,349 
10
Average number of employees
During the year the average number of employees was 9 (2022: 9).
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