IRIS Accounts Production v24.2.0.383 SC270634 Board of Directors 1.4.23 31.3.24 31.3.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC2706342023-03-31SC2706342024-03-31SC2706342023-04-012024-03-31SC2706342022-03-31SC2706342022-04-012023-03-31SC2706342023-03-31SC270634ns15:Scotland2023-04-012024-03-31SC270634ns14:PoundSterling2023-04-012024-03-31SC270634ns10:Director12023-04-012024-03-31SC270634ns10:PrivateLimitedCompanyLtd2023-04-012024-03-31SC270634ns10:SmallEntities2023-04-012024-03-31SC270634ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-31SC270634ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-31SC270634ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-31SC270634ns10:FullAccounts2023-04-012024-03-31SC270634ns10:Director22023-04-012024-03-31SC270634ns10:Director32023-04-012024-03-31SC270634ns10:Director42023-04-012024-03-31SC270634ns10:Director52023-04-012024-03-31SC270634ns10:CompanySecretary12023-04-012024-03-31SC270634ns10:RegisteredOffice2023-04-012024-03-31SC270634ns5:CurrentFinancialInstruments2024-03-31SC270634ns5:CurrentFinancialInstruments2023-03-31SC270634ns5:ShareCapital2024-03-31SC270634ns5:ShareCapital2023-03-31SC270634ns5:RevaluationReserve2024-03-31SC270634ns5:RevaluationReserve2023-03-31SC270634ns5:RetainedEarningsAccumulatedLosses2024-03-31SC270634ns5:RetainedEarningsAccumulatedLosses2023-03-31SC270634ns5:LandBuildingsns5:OwnedOrFreeholdAssets2023-04-012024-03-31SC270634ns5:PlantMachinery2023-04-012024-03-31SC270634ns5:LandBuildings2023-03-31SC270634ns5:PlantMachinery2023-03-31SC270634ns5:LandBuildings2023-04-012024-03-31SC270634ns5:LandBuildings2024-03-31SC270634ns5:PlantMachinery2024-03-31SC270634ns5:LandBuildings2023-03-31SC270634ns5:PlantMachinery2023-03-31SC270634ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-31SC270634ns5:WithinOneYearns5:CurrentFinancialInstruments2023-03-31SC270634ns5:RetainedEarningsAccumulatedLosses2023-03-31SC270634ns5:RevaluationReserve2023-03-31SC270634ns5:RetainedEarningsAccumulatedLosses2023-04-012024-03-31
REGISTERED NUMBER: SC270634 (Scotland)








FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

CALEY COLD STORE LIMITED

CALEY COLD STORE LIMITED (REGISTERED NUMBER: SC270634)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


CALEY COLD STORE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mr J G S Strachan
Mrs S Strachan
Mrs M Patrick
Mr B Strachan
Mrs N Homewood



SECRETARY: Masson Glennie LLP



REGISTERED OFFICE: Broad House
Broad Street
Peterhead
Aberdeenshire
AB42 1HY



REGISTERED NUMBER: SC270634 (Scotland)



ACCOUNTANTS: Bain Henry Reid
28 Broad Street
Peterhead
Aberdeenshire
AB42 1BY



BANKERS: Santander Business Banking
Bridle Road
Bootle
Liverpool
L30 4GB



SOLICITORS: Masson Glennie LLP
Broad House
Broad Street
Peterhead
Aberdeenshire
AB42 1HY

CALEY COLD STORE LIMITED (REGISTERED NUMBER: SC270634)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 769,420 794,971

CURRENT ASSETS
Debtors 5 108,221 98,156
Cash at bank 3,672,109 3,219,209
3,780,330 3,317,365
CREDITORS
Amounts falling due within one year 6 1,557,551 1,453,659
NET CURRENT ASSETS 2,222,779 1,863,706
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,992,199

2,658,677

PROVISIONS FOR LIABILITIES (66,835 ) (70,477 )

ACCRUALS AND DEFERRED INCOME (7,709 ) (9,170 )
NET ASSETS 2,917,655 2,579,030

CAPITAL AND RESERVES
Called up share capital 1,200,000 1,200,000
Revaluation reserve 7 205,988 205,988
Retained earnings 7 1,511,667 1,173,042
SHAREHOLDERS' FUNDS 2,917,655 2,579,030

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 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.

CALEY COLD STORE LIMITED (REGISTERED NUMBER: SC270634)

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 Board of Directors and authorised for issue on 7 October 2024 and were signed on its behalf by:





Mr J G S Strachan - Director


CALEY COLD STORE LIMITED (REGISTERED NUMBER: SC270634)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Caley Cold Store 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 as modified by the revaluation of certain assets.

The presentation currency is £ sterling.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover represents the net invoiced amount of storage facility services provided.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Heritable property - 4% on cost
Plant and machinery - 10% on cost

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.

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.

Going concern
At the time of approving the financial statements the director has a reasonable expectation that the company has adequate resources to continue in operation for the foreseeable future, and therefore continue to adopt the going concern basis of accounting in preparing the financial statements.

CALEY COLD STORE LIMITED (REGISTERED NUMBER: SC270634)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


2. ACCOUNTING POLICIES - continued

Government grants
Government grants in respect of tangible fixed asset are credited to the profit and loss account over the useful lives of the related assets. The grants shown in the balance sheet represent the total grants receivable to date less the amount so far credited to the profit and loss account.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Heritable Plant and
property machinery Totals
£    £    £   
COST OR VALUATION
At 1 April 2023
and 31 March 2024 700,000 463,429 1,163,429
DEPRECIATION
At 1 April 2023 - 368,458 368,458
Charge for year - 25,551 25,551
At 31 March 2024 - 394,009 394,009
NET BOOK VALUE
At 31 March 2024 700,000 69,420 769,420
At 31 March 2023 700,000 94,971 794,971

Cost or valuation at 31 March 2024 is represented by:

Heritable Plant and
property machinery Totals
£    £    £   
Valuation in 2016 (27,445 ) - (27,445 )
Valuation in 2021 (75,000 ) - (75,000 )
Cost 802,445 463,429 1,265,874
700,000 463,429 1,163,429

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 100,374 90,338
Prepayments 7,847 7,818
108,221 98,156

CALEY COLD STORE LIMITED (REGISTERED NUMBER: SC270634)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 12,960 1,102
Amounts owed to related parties 1,313,304 1,313,304
Taxation 116,074 87,007
Social security and other taxes 60,147 572
VAT 26,974 29,707
Accruals 28,092 21,967
1,557,551 1,453,659

7. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 April 2023 1,173,042 205,988 1,379,030
Profit for the year 338,625 - 338,625
At 31 March 2024 1,511,667 205,988 1,717,655

8. RELATED PARTY DISCLOSURES

Included in creditors is a loan from Ugie Investments Limited, a company in which Mr James G S Strachan has a material interest. The loan is interest free and has no fixed terms of repayment. Details of loan account transactions and period end balance are as follows:

2024 2023
£ £

At 31st March 2023 1,313,304 1,313,304
Advanced during year - -
Repaid during year - -
At 31st March 2024 1,313,304 1,313,304


9. ULTIMATE CONTROLLING PARTY

Mr James G S Strachan, a director, controls the company by virtue of an interest of 86.1% of the issued ordinary share capital of Caley Cold Store (Holdings) Limited, its parent company.