Caterquick Limited SC482490 false 2023-08-01 2024-01-31 2024-01-31 The principal activity of the company is Management consultancy activities Digita Accounts Production Advanced 6.30.9574.0 true SC482490 2023-08-01 2024-01-31 SC482490 2024-01-31 SC482490 bus:OrdinaryShareClass1 2024-01-31 SC482490 core:OtherReservesSubtotal 2024-01-31 SC482490 core:RetainedEarningsAccumulatedLosses 2024-01-31 SC482490 core:RevaluationReserve 2024-01-31 SC482490 core:ShareCapital 2024-01-31 SC482490 core:CurrentFinancialInstruments 2024-01-31 SC482490 core:CurrentFinancialInstruments core:WithinOneYear 2024-01-31 SC482490 core:Non-currentFinancialInstruments 2024-01-31 SC482490 core:Non-currentFinancialInstruments core:AfterOneYear 2024-01-31 SC482490 bus:SmallEntities 2023-08-01 2024-01-31 SC482490 bus:AuditExemptWithAccountantsReport 2023-08-01 2024-01-31 SC482490 bus:FullAccounts 2023-08-01 2024-01-31 SC482490 bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-01-31 SC482490 bus:RegisteredOffice 2023-08-01 2024-01-31 SC482490 bus:Director1 2023-08-01 2024-01-31 SC482490 bus:OrdinaryShareClass1 2023-08-01 2024-01-31 SC482490 bus:PrivateLimitedCompanyLtd 2023-08-01 2024-01-31 SC482490 countries:Scotland 2023-08-01 2024-01-31 SC482490 2023-07-31 SC482490 2022-08-01 2023-07-31 SC482490 2023-07-31 SC482490 bus:OrdinaryShareClass1 2023-07-31 SC482490 core:OtherReservesSubtotal 2023-07-31 SC482490 core:RetainedEarningsAccumulatedLosses 2023-07-31 SC482490 core:RevaluationReserve 2023-07-31 SC482490 core:ShareCapital 2023-07-31 SC482490 core:CurrentFinancialInstruments 2023-07-31 SC482490 core:CurrentFinancialInstruments core:WithinOneYear 2023-07-31 SC482490 core:Non-currentFinancialInstruments 2023-07-31 SC482490 core:Non-currentFinancialInstruments core:AfterOneYear 2023-07-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: SC482490

Caterquick Limited

Filleted Unaudited Financial Statements

for the Period from 1 August 2023 to 31 January 2024

 

Caterquick Limited

(Registration number: SC482490)
Balance Sheet as at 31 January 2024

Note

2024
£

2023
£

Fixed assets

 

Investment property

4

2,125,000

906,623

Current assets

 

Debtors

5

206,159

224,100

Cash at bank and in hand

 

2,249

9,213

 

208,408

233,313

Creditors: Amounts falling due within one year

6

(49,513)

(5,137)

Net current assets

 

158,895

228,176

Total assets less current liabilities

 

2,283,895

1,134,799

Creditors: Amounts falling due after more than one year

6

(484,679)

(564,488)

Provisions for liabilities

(355,925)

(39,011)

Net assets

 

1,443,291

531,300

Capital and reserves

 

Called up share capital

8

2

2

Revaluation reserve

901,463

-

Non-distributable reserve

180,895

180,895

Retained earnings

360,931

350,403

Shareholders' funds

 

1,443,291

531,300

 

Caterquick Limited

(Registration number: SC482490)
Balance Sheet as at 31 January 2024

For the financial period ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 29 October 2024 and signed on its behalf by:
 


Mr M D Rogalski
Director

   
 

Caterquick Limited

Notes to the Unaudited Financial Statements for the Period from 1 August 2023 to 31 January 2024

1

General information

The company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
Inn at Lathones
Lathones
Largoward
St Andrews
KY9 1JE
Scotland
 

Registration number: SC482490

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities.

The company recognises revenue when the amount of revenue can be reliably measured, and it is probable that future economic benefits will flow to the entity,and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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 taxable income.

 

Caterquick Limited

Notes to the Unaudited Financial Statements for the Period from 1 August 2023 to 31 January 2024

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by the directors The directors use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised at the transaction price.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period was 0 (2023 - 0).

 

Caterquick Limited

Notes to the Unaudited Financial Statements for the Period from 1 August 2023 to 31 January 2024

4

Investment properties

2024
£

At 1 August

906,623

Fair value adjustments

1,218,377

At 31 January

2,125,000

The investment properties are stated at directors' valuation determined by the values of similar properties recently sold on the open market.

There has been no valuation of investment property by an independent valuer.

5

Debtors

2024
£

2023
£

Other debtors

206,159

224,100

6

Creditors

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

7

48,000

-

Social security and other taxes

 

21

4,481

Other payables

 

1,492

656

 

49,513

5,137

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

7

484,679

564,488

 

Caterquick Limited

Notes to the Unaudited Financial Statements for the Period from 1 August 2023 to 31 January 2024

7

Loans and borrowings

2024
£

2023
£

Current loans and borrowings

Other borrowings

48,000

-

2024
£

2023
£

Non-current loans and borrowings

Bank borrowings

22,902

24,710

Other borrowings

461,777

539,778

484,679

564,488

The borrowings are secured on the assets of the company.

Included in the loans and borrowings are the following amounts due after more than five years:

Other loans after five years

The amount due after five years is £461,779 (2023 - £539,778)

8

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary shares of £1 each

2

2

2

2