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REGISTERED NUMBER: 02047080 (England and Wales)















Financial Statements for the Year Ended 31 March 2024

for

Cawdor Stone Group Limited

Cawdor Stone Group Limited (Registered number: 02047080)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Cawdor Stone Group Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: C W Campbell





SECRETARY: Honeycroft Services Limited





REGISTERED OFFICE: Cawdor House
59A London Road
Woolmer Green
Hertfordshire
SG3 6JE





REGISTERED NUMBER: 02047080 (England and Wales)





ACCOUNTANTS: George Arthur Limited
Chartered Accountants
Suite 6B, Wentworth Lodge
Great North Road
Welwyn Garden City
Hertfordshire
AL8 7SR

Cawdor Stone Group Limited (Registered number: 02047080)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 977,434 1,005,268
Investments 5 18,180 15,983
Investment property 6 440,000 440,000
1,435,614 1,461,251

CURRENT ASSETS
Stocks 151,553 176,337
Debtors 7 322,975 337,359
Cash at bank and in hand 330,100 259,094
804,628 772,790
CREDITORS
Amounts falling due within one year 8 291,986 298,877
NET CURRENT ASSETS 512,642 473,913
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,948,256

1,935,164

CREDITORS
Amounts falling due after more than one
year

9

1,195,155

1,215,856
NET ASSETS 753,101 719,308

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Share premium 1,300,000 1,300,000
Retained earnings (556,899 ) (590,692 )
SHAREHOLDERS' FUNDS 753,101 719,308

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

Cawdor Stone Group Limited (Registered number: 02047080)

Balance Sheet - continued
31 March 2024


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 director and authorised for issue on 24 September 2024 and were signed by:





C W Campbell - Director


Cawdor Stone Group Limited (Registered number: 02047080)

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

1. STATUTORY INFORMATION

Cawdor Stone Group Limited is a private company, limited by shares , registered in England and Wales. 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 as modified by the revaluation of certain assets.

Preparation of consolidated financial statements
The financial statements contain information about Cawdor Stone Group Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance and 20% on cost

The director is of the opinion that the company properties are maintained to a high standard and as such, there is no requirement to provide depreciation thereon. The properties (and other fixed assets) are subject to regular impairment reviews by the director and he is satisfied that the market values of the properties exceed the book values.

Investments in subsidiaries
Investments in subsidiaries are shown at their fair value.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.


Cawdor Stone Group Limited (Registered number: 02047080)

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

2. ACCOUNTING POLICIES - continued
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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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. The assets of the scheme are held separately from those of the company in independently administered funds

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2023 - 14 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023 983,022 785,618 1,768,640
Additions - 28,534 28,534
Disposals - (31,805 ) (31,805 )
At 31 March 2024 983,022 782,347 1,765,369
DEPRECIATION
At 1 April 2023 79,263 684,109 763,372
Charge for year - 50,799 50,799
Eliminated on disposal - (26,236 ) (26,236 )
At 31 March 2024 79,263 708,672 787,935
NET BOOK VALUE
At 31 March 2024 903,759 73,675 977,434
At 31 March 2023 903,759 101,509 1,005,268

Cawdor Stone Group Limited (Registered number: 02047080)

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

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 April 2023 220,472
Additions 25,969
Disposals (20,835 )
At 31 March 2024 225,606
DEPRECIATION
At 1 April 2023 139,634
Charge for year 40,462
Eliminated on disposal (15,885 )
At 31 March 2024 164,211
NET BOOK VALUE
At 31 March 2024 61,395
At 31 March 2023 80,838

5. FIXED ASSET INVESTMENTS
Shares in Interest
group in joint
undertakings venture Totals
£    £    £   
COST
At 1 April 2023 15,483 500 15,983
Fair value adjustment 2,197 - 2,197
At 31 March 2024 17,680 500 18,180
NET BOOK VALUE
At 31 March 2024 17,680 500 18,180
At 31 March 2023 15,483 500 15,983

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 440,000
NET BOOK VALUE
At 31 March 2024 440,000
At 31 March 2023 440,000

Cawdor Stone Group Limited (Registered number: 02047080)

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

6. INVESTMENT PROPERTY - continued

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2020 185,152
Cost 254,848
440,000

If investment properties had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 185,152 185,152

Investment properties were valued on an open market basis on 31 March 2024 by the director .

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 26,402 25,580
Amounts owed by group undertakings 218,389 231,900
Other debtors 78,184 79,879
322,975 337,359

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,167 9,900
Hire purchase contracts 29,447 29,342
Trade creditors 221,188 225,008
Taxation and social security 25,958 22,479
Other creditors 5,226 12,148
291,986 298,877

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 12,237 22,450
Hire purchase contracts 32,918 43,406
Other creditors 1,150,000 1,150,000
1,195,155 1,215,856

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Preference shares 1,150,000 1,150,000

Cawdor Stone Group Limited (Registered number: 02047080)

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

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 62,365 72,748

11. RELATED PARTY DISCLOSURES

The company is owed £150 (2023: £150) by Cawdor Hofmann Limited, a joint venture company in which Cawdor Stone Group Limited has a 50% ownership of the issued share capital.

The company is owed £35,510 (2023: £35,510) by Ramsey Stone Consultants Limited, a company in which C W Campbell has a 100% ownership of the issued share capital.