Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-01-01falseNo description of principal activity33falsetruefalse SC464586 2023-01-01 2023-12-31 SC464586 2021-09-01 2022-12-31 SC464586 2023-12-31 SC464586 2022-12-31 SC464586 c:Director1 2023-01-01 2023-12-31 SC464586 c:Director2 2023-01-01 2023-12-31 SC464586 c:Director3 2023-01-01 2023-12-31 SC464586 c:RegisteredOffice 2023-01-01 2023-12-31 SC464586 d:PlantMachinery 2023-01-01 2023-12-31 SC464586 d:PlantMachinery 2023-12-31 SC464586 d:PlantMachinery 2022-12-31 SC464586 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 SC464586 d:FurnitureFittings 2023-01-01 2023-12-31 SC464586 d:FurnitureFittings 2023-12-31 SC464586 d:FurnitureFittings 2022-12-31 SC464586 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 SC464586 d:OfficeEquipment 2023-01-01 2023-12-31 SC464586 d:OfficeEquipment 2023-12-31 SC464586 d:OfficeEquipment 2022-12-31 SC464586 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 SC464586 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 SC464586 d:FreeholdInvestmentProperty 2023-01-01 2023-12-31 SC464586 d:FreeholdInvestmentProperty 2023-12-31 SC464586 d:FreeholdInvestmentProperty 2022-12-31 SC464586 d:CurrentFinancialInstruments 2023-12-31 SC464586 d:CurrentFinancialInstruments 2022-12-31 SC464586 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 SC464586 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 SC464586 d:ShareCapital 2023-12-31 SC464586 d:ShareCapital 2022-12-31 SC464586 d:RetainedEarningsAccumulatedLosses 2023-12-31 SC464586 d:RetainedEarningsAccumulatedLosses 2022-12-31 SC464586 c:OrdinaryShareClass1 2023-01-01 2023-12-31 SC464586 c:OrdinaryShareClass1 2023-12-31 SC464586 c:OrdinaryShareClass1 2022-12-31 SC464586 c:OrdinaryShareClass2 2023-01-01 2023-12-31 SC464586 c:OrdinaryShareClass2 2023-12-31 SC464586 c:OrdinaryShareClass2 2022-12-31 SC464586 c:FRS102 2023-01-01 2023-12-31 SC464586 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 SC464586 c:FullAccounts 2023-01-01 2023-12-31 SC464586 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 SC464586 2 2023-01-01 2023-12-31 SC464586 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:shares xbrli:pure
Registered number: SC464586










CLB PROPERTIES LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

 
CLB PROPERTIES LIMITED
 

COMPANY INFORMATION


Directors
Mr A Blaney 
Mr C Blaney 
Mr L Blaney 




Registered number
SC464586



Registered office
8 Pendreich Road
Bridge Of Allan

Stirling

FK9 4LY




Accountants
EQ Accountants Limited
Chartered Accountants

14 City Quay

Dundee

DD1 3JA





 
CLB PROPERTIES LIMITED
REGISTERED NUMBER: SC464586

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
£
£

Fixed assets
  

Tangible fixed assets
  
61,423
64,461

Trade investments
  
11,000
11,000

Investment property
  
18,615,359
17,829,475

  
18,687,782
17,904,936

Current assets
  

Debtors: amounts falling due within one year
 7 
1,394,054
1,399,793

Cash at bank and in hand
  
180,386
402,971

  
1,574,440
1,802,764

Creditors: amounts falling due within one year
 8 
(14,416,186)
(13,751,619)

Net current liabilities
  
 
 
(12,841,746)
 
 
(11,948,855)

Total assets less current liabilities
  
5,846,036
5,956,081

Provisions for liabilities
  

Deferred tax
  
(882,501)
(913,726)

  
 
 
(882,501)
 
 
(913,726)

Net assets
  
4,963,535
5,042,355


Capital and reserves
  

Called up share capital 
 9 
100
100

Profit and loss account
  
4,963,435
5,042,255

  
4,963,535
5,042,355

Page 1

 
CLB PROPERTIES LIMITED
REGISTERED NUMBER: SC464586

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 23 September 2024.




Mr L Blaney
Director

The notes on pages 3 to 7 form part of these financial statements.
Page 2

 
CLB PROPERTIES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

CLB Properties Limited is a private company, limited by shares, incorporated in Scotland with registration SC464586. The registered office is 8 Pendreich Road, Bridge of Allan, Stirling, FK9 4LY.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:

 
2.2

Turnover

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 3

 
CLB PROPERTIES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.5

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on the following bases:.

Depreciation is provided on the following basis:

Plant and machinery
-
25%
reducing balance
Fixtures and fittings
-
10%
reducing balance
Office equipment
-
33%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

Page 4

 
CLB PROPERTIES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.8

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2022 - 3).


4.


Tangible fixed assets





Plant and machinery
Fixtures and fittings
Office equipment
Total

£
£
£
£



Cost or valuation


At 1 January 2023
5,743
99,327
1,666
106,736


Additions
-
4,266
-
4,266



At 31 December 2023

5,743
103,593
1,666
111,002



Depreciation


At 1 January 2023
5,162
35,830
1,283
42,275


Charge for the year on owned assets
145
6,776
383
7,304



At 31 December 2023

5,307
42,606
1,666
49,579



Net book value



At 31 December 2023
436
60,987
-
61,423



At 31 December 2022
581
63,497
383
64,461


5.


Fixed asset investments





Trade investments

£





Additions
11,000




Page 5

 
CLB PROPERTIES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

6.


Investment property


Freehold investment property

£



Valuation


At 1 January 2023
17,829,475


Additions at cost
785,884



At 31 December 2023
18,615,359

The 2021 valuations were made by Jones Lang LaSalle, on an open market value for existing use basis.

The directors are satisfied that the 2021 valuation remains appropriate at the balance sheet date.






7.


Debtors

2023
2022
£
£


Trade debtors
218,107
335,585

Other debtors
1,009,776
1,029,864

Prepayments and accrued income
16,133
18,779

Tax recoverable
150,038
15,565

1,394,054
1,399,793



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
44,532
11,168

Other taxation and social security
173,911
11,485

Other creditors
14,074,714
13,586,098

Accruals and deferred income
123,029
142,868

14,416,186
13,751,619


Page 6

 
CLB PROPERTIES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

9.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



2 (2022 - 2) Ordinary A shares of £1.00 each
2
2
98 (2022 - 98) Ordinary B shares of £1.00 each
98
98

100

100



10.


Capital commitments


At 31 December 2023 the Company had capital commitments as follows:

2023
2022
£
£


Contracted for but not provided in these financial statements
144,011
-

144,011
-


11.


Related party transactions

During the year, the company was charged interest of £734,254 (2022 - £542,930) on a loan from a company controlled by the Blaney family. In addition, CLB Properties Limited has given a guarantee in support of the borrowing of the company. At the balance sheet date £13,658,660 (2022 - £13,543,964) was due to this company.


12.


Directors' transactions

Opening balance
Amounts advanced
Interest charged
Amounts repaid
Closing balance
        £
        £
        £
        £
        £

Loan

137,499

97,056

2,664
 
(90,000)
 
147,219

Loan

41,294

522,058

2,136
 
(90,000)
 
475,488


178,793

619,114

4,800
 
(180,000)
 
622,707


Interest is charged on outstanding loan balances at a rate of 2%.

Page 7