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CBHS VENTURES LIMITED

Registered Number
SC548837
(Scotland)

Unaudited Financial Statements for the Period ended
17 October 2024

CBHS VENTURES LIMITED
Company Information
for the period from 1 April 2024 to 17 October 2024

Directors

DALGARNO, Liam John
DALGARNO, Robert Alexander
DALGARNO, Sharon Louise
JOHNSON, Adrian Dudley

Registered Address

40 Redwood Avenue
Milton Of Leys
Inverness
IV2 6HA

Registered Number

SC548837 (Scotland)
CBHS VENTURES LIMITED
Balance Sheet as at
17 October 2024

Notes

17 Oct 2024

31 Mar 2024

£

£

£

£

Fixed assets
Intangible assets3-2,344,050
Tangible assets4-175,646
-2,519,696
Current assets
Debtors925,3235,148,915
Cash at bank and on hand167,764643,495
1,093,0875,792,410
Creditors amounts falling due within one year5(1,094,416)(1,534,483)
Net current assets (liabilities)(1,329)4,257,927
Total assets less current liabilities(1,329)6,777,623
Creditors amounts falling due after one year6-(1,286,313)
Provisions for liabilities8-(35,172)
Net assets(1,329)5,456,138
Capital and reserves
Called up share capital200200
Profit and loss account(1,529)5,455,938
Shareholders' funds(1,329)5,456,138
The financial statements were approved and authorised for issue by the Board of Directors on 28 October 2024, and are signed on its behalf by:
DALGARNO, Liam John
Director
DALGARNO, Sharon Louise
Director
JOHNSON, Adrian Dudley
Director

Registered Company No. SC548837
CBHS VENTURES LIMITED
Notes to the Financial Statements
for the period ended 17 October 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Goodwill
Goodwill arising on an acquisition of a business is carried at cost less accumulated impairment losses, if any. Goodwill is amortised over its expected useful life which is estimated to be ten years. Goodwill is assessed for impairment when there are indicators of impairment and any impairment is charged to the income statement.
Tangible fixed assets and depreciation
Tangible fixed assets are initially measured at cost and subsequently at cost less depreciation and any impairment. Depreciation was provided at the following annual rates in order to write off the cost over its estimated useful life.

Reducing balance (%)
Plant and machinery25
Fixtures and fittings25
Vehicles25
Office Equipment25
Finance leases and hire purchase contracts
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.
Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments. Financial instruments are recognised in the company's balance sheet when the company becomes a party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. Basic financial assets Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. Basic financial liabilities Basic financial liabilities, including creditors are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortized cost using the effective interest method.
Share capital
Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.
2.Average number of employees

20242024
Average number of employees during the year521
3.Intangible assets

Goodwill

Total

££
Cost or valuation
At 01 April 242,842,8332,842,833
Disposals(2,842,833)(2,842,833)
Amortisation and impairment
At 01 April 24498,783498,783
Charge for year142,142142,142
On disposals(640,925)(640,925)
Net book value
At 17 October 24--
At 31 March 242,344,0502,344,050
4.Tangible fixed assets

Plant & machinery

Vehicles

Fixtures & fittings

Office Equipment

Total

£££££
Cost or valuation
At 01 April 241,412277,02513,4963,548295,481
Disposals(1,412)(277,025)(13,496)(3,548)(295,481)
Depreciation and impairment
At 01 April 24794105,91111,6881,442119,835
Charge for year778,0862262638,652
On disposals(871)(113,997)(11,914)(1,705)(128,487)
Net book value
At 17 October 24-----
At 31 March 24618171,1141,8082,106175,646
5.Creditors: amounts due within one year

2024

2024

££
Trade creditors / trade payables251,271
Bank borrowings and overdrafts-280,856
Amounts owed to related parties-627,155
Taxation and social security932,441283,349
Finance lease and HP contracts-30,179
Other creditors161,950309,903
Accrued liabilities and deferred income-1,770
Total1,094,4161,534,483
6.Creditors: amounts due after one year

2024

2024

££
Bank borrowings and overdrafts-1,233,336
Other creditors-52,977
Total-1,286,313
7.Obligations under finance leases

2024

2024

££
Finance lease and HP contracts-52,977
8.Provisions for liabilities

2024

2024

££
Net deferred tax liability (asset)-35,172
Total-35,172