IRIS Accounts Production v24.1.4.33 SC192866 Board of Directors 1.2.23 31.1.24 31.1.24 false true false false true false Fair value model Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC1928662023-01-31SC1928662024-01-31SC1928662023-02-012024-01-31SC1928662022-01-31SC1928662022-02-012023-01-31SC1928662023-01-31SC192866ns15:Scotland2023-02-012024-01-31SC192866ns14:PoundSterling2023-02-012024-01-31SC192866ns10:Director12023-02-012024-01-31SC192866ns10:PrivateLimitedCompanyLtd2023-02-012024-01-31SC192866ns10:SmallEntities2023-02-012024-01-31SC192866ns10:AuditExempt-NoAccountantsReport2023-02-012024-01-31SC192866ns10:SmallCompaniesRegimeForDirectorsReport2023-02-012024-01-31SC192866ns10:SmallCompaniesRegimeForAccounts2023-02-012024-01-31SC192866ns10:FullAccounts2023-02-012024-01-31SC192866ns10:OrdinaryShareClass12023-02-012024-01-31SC192866ns10:Director22023-02-012024-01-31SC192866ns10:Director32023-02-012024-01-31SC192866ns10:RegisteredOffice2023-02-012024-01-31SC192866ns5:CurrentFinancialInstruments2024-01-31SC192866ns5:CurrentFinancialInstruments2023-01-31SC192866ns5:ShareCapital2024-01-31SC192866ns5:ShareCapital2023-01-31SC192866ns5:RetainedEarningsAccumulatedLosses2024-01-31SC192866ns5:RetainedEarningsAccumulatedLosses2023-01-31SC192866ns5:ShareCapital2022-01-31SC192866ns5:RetainedEarningsAccumulatedLosses2022-01-31SC192866ns5:RetainedEarningsAccumulatedLosses2022-02-012023-01-31SC192866ns5:RetainedEarningsAccumulatedLosses2023-02-012024-01-31SC192866ns10:OrdinaryShareClass12024-01-31SC1928661ns10:Director12023-01-31SC1928661ns10:Director12022-01-31SC1928661ns10:Director12023-02-012024-01-31SC1928661ns10:Director12022-02-012023-01-31SC1928661ns10:Director12024-01-31SC1928661ns10:Director12023-01-31
REGISTERED NUMBER: SC192866 (Scotland)












UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024

FOR

CUMMISH COMPANY LIMITED

CUMMISH COMPANY LIMITED (REGISTERED NUMBER: SC192866)

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










Page

Company Information 1

Balance Sheet 2

Statement of Changes in Equity 3

Notes to the Financial Statements 4


CUMMISH COMPANY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTORS: F G Cumming
D A Cumming
A L Cumming





REGISTERED OFFICE: 1-2-Let, 104 Bellgrove Street
Glasgow
G31 1AA





REGISTERED NUMBER: SC192866 (Scotland)





ACCOUNTANTS: Donachie Chartered Accountants
2nd Floor
Templeton House
62 Templeton Street
Glasgow
G40 1DA

CUMMISH COMPANY LIMITED (REGISTERED NUMBER: SC192866)

BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investments 4 7,784 7,534
Investment property 5 45,000 45,000
52,784 52,534

CURRENT ASSETS
Debtors 6 - 58
Cash at bank 8,279 8,095
8,279 8,153
CREDITORS
Amounts falling due within one year 7 28,977 27,462
NET CURRENT LIABILITIES (20,698 ) (19,309 )
TOTAL ASSETS LESS CURRENT LIABILITIES 32,086 33,225

PROVISIONS FOR LIABILITIES 4,220 4,220
NET ASSETS 27,866 29,005

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 27,766 28,905
SHAREHOLDERS' FUNDS 27,866 29,005

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

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

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 16 October 2024 and were signed on its behalf by:





F G Cumming - Director


CUMMISH COMPANY LIMITED (REGISTERED NUMBER: SC192866)

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 JANUARY 2024

Called up
share Retained Total
capital earnings equity
£    £    £   
Balance at 1 February 2022 100 30,308 30,408

Changes in equity
Dividends - (4,000 ) (4,000 )
Total comprehensive income - 2,597 2,597
Balance at 31 January 2023 100 28,905 29,005

Changes in equity
Dividends - (4,000 ) (4,000 )
Total comprehensive income - 2,861 2,861
Balance at 31 January 2024 100 27,766 27,866

CUMMISH COMPANY LIMITED (REGISTERED NUMBER: SC192866)

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


1. STATUTORY INFORMATION

Cummish Company 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.

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

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.

Investment property is measured at fair value. The surplus or deficit arising from changes in fair value are recognised in the income statement for the year.

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.

Financial instruments
Financial instruments are classified and accounted for as financial assets, financial liabilities or equity instruments, according to the substance of the contractual arrangement.

Financial instruments which are assets are stated at cost less any provision for impairment. Financial liabilities are stated at principal capital amounts outstanding at the period end. Issue costs relating to financial liabilities are deducted from the outstanding balance and are amortised over the period to the due date for repayment of the financial liability.

An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. A financial liability is any contractual arrangement for an entity to deliver cash to the holder of the associated financial instrument.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

CUMMISH COMPANY LIMITED (REGISTERED NUMBER: SC192866)

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


4. FIXED ASSET INVESTMENTS

Market value of listed investments at 31 January 2024 was £7,784 (2023 - £7,534).

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2023
and 31 January 2024 45,000
NET BOOK VALUE
At 31 January 2024 45,000
At 31 January 2023 45,000

The fair value of the investment property has been arrived at on the basis of a valuation carried out at 31 January 2024 by the directors. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 58

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Corporation tax 653 695
Directors' current accounts 27,424 25,867
Accruals and deferred income 900 900
28,977 27,462

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2024 and 31 January 2023:

2024 2023
£    £   
F G Cumming
Balance outstanding at start of year (25,867 ) (25,844 )
Amounts advanced (1,557 ) (23 )
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (27,424 ) (25,867 )

CUMMISH COMPANY LIMITED (REGISTERED NUMBER: SC192866)

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


10. RELATED PARTY DISCLOSURES

During the year, total dividends of £4,000 (2023 - £4,000) were paid to the directors .

11. ULTIMATE CONTROLLING PARTY

The controlling party is F G Cumming.