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REGISTERED NUMBER: SC415472 (Scotland)













Unaudited Financial Statements

for the Year Ended 31 January 2024

for

Euan Murray Limited

Euan Murray Limited (Registered number: SC415472)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Euan Murray Limited

Company Information
for the Year Ended 31 January 2024







DIRECTORS: E P Murray
E C Murray



REGISTERED OFFICE: 6 Logie Mill
Edinburgh
Lothian
EH7 4HG



REGISTERED NUMBER: SC415472 (Scotland)



ACCOUNTANTS: A H & Co Ltd
Chartered Accountants
6 Logie Mill
Edinburgh
Lothian
EH7 4HG



BANKERS: The Royal Bank of Scotland
142-144 Princes Street
Edinburgh
EH2 4EQ

Euan Murray Limited (Registered number: SC415472)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investments 5 2 2
2 2

CURRENT ASSETS
Debtors 6 7,622 11,721
Cash at bank 1,934 9,413
9,556 21,134
CREDITORS
Amounts falling due within one year 7 1,346 7,809
NET CURRENT ASSETS 8,210 13,325
TOTAL ASSETS LESS CURRENT LIABILITIES 8,212 13,327

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings 8,210 13,325
SHAREHOLDERS' FUNDS 8,212 13,327

Euan Murray Limited (Registered number: SC415472)

Balance Sheet - continued
31 January 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 October 2024 and were signed on its behalf by:





E P Murray - Director


Euan Murray Limited (Registered number: SC415472)

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

1. STATUTORY INFORMATION

Euan Murray 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.

Preparation of consolidated financial statements
The financial statements contain information about Euan Murray 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.

Turnover
Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the balance sheet date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the balance sheet date. Where payments are received from customers in advance of services provided, the amounts recorded as deferred income and included as part of creditors due within one year.

Tangible fixed assets
Tangible fixed assets are stated at cost, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Fixtures and Fittings-25% on cost
Computer Equipment-25% on cost

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

Investments in subsidiaries
In the company balance sheet, investments in subsidiaries are measured at cost less impairment. Cost is measured by reference to the nominal value of the shares issued plus fair value of other consideration.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


Euan Murray Limited (Registered number: SC415472)

Notes to the Financial Statements - continued
for the Year Ended 31 January 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

Provisions
Provisions are recognised when the company has a present obligation (legal or constructive) as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the balance sheet date, taking into account the risks and uncertainties surrounding the obligation.

Exemption from preparing a cash flow statement
Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a small company.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 February 2023 1,548 1,724 3,272
Disposals - (1,207 ) (1,207 )
At 31 January 2024 1,548 517 2,065
DEPRECIATION
At 1 February 2023 1,548 1,724 3,272
Eliminated on disposal - (1,207 ) (1,207 )
At 31 January 2024 1,548 517 2,065
NET BOOK VALUE
At 31 January 2024 - - -
At 31 January 2023 - - -

Euan Murray Limited (Registered number: SC415472)

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

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 February 2023
and 31 January 2024 2
NET BOOK VALUE
At 31 January 2024 2
At 31 January 2023 2

The company's investments at the Balance Sheet date in the share capital of companies include the following:

The Pink House Interiors Limited
Registered office: 6 Logie Mill, Edinburgh, Lothian, EH7 4HG
Nature of business: Publishing of consumer and business journals.
%
Class of shares: holding
Ordinary Class A 100.00
Ordinary Class B 100.00
31.1.24 31.1.23
£    £   
Aggregate capital and reserves 2 2
Profit for the year - 10,176

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 7,361 11,721
Other debtors 261 -
7,622 11,721

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade creditors 134 -
Taxation and social security - 6,729
Other creditors 1,212 1,080
1,346 7,809

Euan Murray Limited (Registered number: SC415472)

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

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.24 31.1.23
value: £    £   
1 Ordinary 'A' £1 1 1
1 Ordinary 'B' £1 1 1
2 2

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The company owed the directors £312 as at 31st January 2024 (2023: £nil).

10. RELATED PARTY DISCLOSURES

During the year, total dividends of £4,000 (2023: £48,521) were paid to the directors.





Related Party



Transaction Type


Transaction in
year 31.1.24


Transaction in year
31.1.23
Balance due
from/(payable to)
related party at
31.1.24
Balance due
from/(payable to)
related party at
31.1.23
£ £ £ £


(1) Subsidiary
undertaking

Dividend

(4,000)

10,176

7,361

11,361


Notes
(1) The company is the 100% parent of the subsidiary undertaking. The directors of the company are also directors of the subsidiary undertaking.

11. ULTIMATE CONTROLLING PARTY

The controlling party is E P Murray.