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REGISTERED NUMBER: SC238512 (Scotland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024

FOR

CORRIE PROPERTIES LIMITED

CORRIE PROPERTIES LIMITED (REGISTERED NUMBER: SC238512)






CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CORRIE PROPERTIES LIMITED

COMPANY INFORMATION
For The Year Ended 30 April 2024







DIRECTORS: D Campbell
J A MacDonell





SECRETARY: D Campbell





REGISTERED OFFICE: Allt Mhor
SPEAN BRIDGE
Inverness-shire
PH34 4EU





REGISTERED NUMBER: SC238512 (Scotland)





ACCOUNTANTS: R A Clement Associates
5 Argyll Square
OBAN
Argyll
PA34 4AZ

CORRIE PROPERTIES LIMITED (REGISTERED NUMBER: SC238512)

BALANCE SHEET
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 93,333 118,129
Investments 5 256,026 238,460
Investment property 6 600,000 600,000
949,359 956,589

CURRENT ASSETS
Stocks 37,195 37,195
Debtors 7 36,240 27,294
Cash at bank 212,363 260,736
285,798 325,225
CREDITORS: AMOUNTS FALLING DUE
WITHIN ONE YEAR

8

74,923

71,233
NET CURRENT ASSETS 210,875 253,992
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,160,234

1,210,581

CREDITORS: AMOUNTS FALLING DUE
AFTER MORE THAN ONE YEAR

9

-

2,778
NET ASSETS 1,160,234 1,207,803

CAPITAL AND RESERVES
Called up share capital 5,000 5,000
Sinking Fund 508,664 508,664
Retained earnings 646,570 694,139
SHAREHOLDERS' FUNDS 1,160,234 1,207,803

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

CORRIE PROPERTIES LIMITED (REGISTERED NUMBER: SC238512)

BALANCE SHEET - continued
30 April 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 Board of Directors and authorised for issue on 9 October 2024 and were signed on its behalf by:





D Campbell - Director


CORRIE PROPERTIES LIMITED (REGISTERED NUMBER: SC238512)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 30 April 2024

1. STATUTORY INFORMATION

Corrie Properties 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.
Fixtures and fittings - 25% on cost
Motor vehicles - 15% on cost
Computer equipment - 20% on cost

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
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

3. EMPLOYEES AND DIRECTORS

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

CORRIE PROPERTIES LIMITED (REGISTERED NUMBER: SC238512)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 April 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 May 2023 1,927 167,504 896 170,327
Additions - - 637 637
At 30 April 2024 1,927 167,504 1,533 170,964
DEPRECIATION
At 1 May 2023 1,927 50,092 179 52,198
Charge for year - 25,126 307 25,433
At 30 April 2024 1,927 75,218 486 77,631
NET BOOK VALUE
At 30 April 2024 - 92,286 1,047 93,333
At 30 April 2023 - 117,412 717 118,129

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 May 2023
and 30 April 2024 250,000
PROVISIONS
At 1 May 2023 11,540
Provision for year (17,566 )
At 30 April 2024 (6,026 )
NET BOOK VALUE
At 30 April 2024 256,026
At 30 April 2023 238,460

CORRIE PROPERTIES LIMITED (REGISTERED NUMBER: SC238512)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 April 2024

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023
and 30 April 2024 600,000
NET BOOK VALUE
At 30 April 2024 600,000
At 30 April 2023 600,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 24,000 23,533
Other debtors 12,240 3,761
36,240 27,294

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 2,500 3,333
Trade creditors - 3
Taxation and social security 3,721 3,689
Other creditors 68,702 64,208
74,923 71,233

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts - 2,778