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REGISTERED NUMBER: SC138565 (Scotland)















Financial Statements for the Year Ended 31 January 2024

for

Inneswick Limited

Inneswick Limited (Registered number: SC138565)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Inneswick Limited

Company Information
for the Year Ended 31 January 2024







DIRECTOR: Mrs E Innes



SECRETARY: Mrs E Innes



REGISTERED OFFICE: Lyndene
4 Hill Avenue
Wick
Caithness
KW1 4DW



REGISTERED NUMBER: SC138565 (Scotland)



ACCOUNTANTS: Reid & Fraser
Chartered Accountants
15 Princes Street
Thurso
Caithness
KW14 7BQ



BANKERS: Bank of Scotland
Bridge Street
Wick
Caithness
KW1 4NG

Inneswick Limited (Registered number: SC138565)

Balance Sheet
31 January 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Debtors 4 71,522 18,756
Investments 5 869,441 872,187
Cash at bank 176,884 254,137
1,117,847 1,145,080
CREDITORS
Amounts falling due within one year 6 (624 ) (624 )
NET CURRENT ASSETS 1,117,223 1,144,456
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,117,223

1,144,456

CAPITAL AND RESERVES
Called up share capital 70,000 70,000
Retained earnings 7 1,047,223 1,074,456
SHAREHOLDERS' FUNDS 1,117,223 1,144,456

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 director acknowledges her 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 director and authorised for issue on 30 October 2024 and were signed by:





Mrs E Innes - Director


Inneswick Limited (Registered number: SC138565)

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

1. STATUTORY INFORMATION

Inneswick 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 71,522 18,756

5. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Associated undertaking 869,441 872,187

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 624 624

7. RESERVES
Retained
earnings
£   

At 1 February 2023 1,074,456
Deficit for the year (2,233 )
Dividends (25,000 )
At 31 January 2024 1,047,223

The fair value reserve represents the fair value adjustments applicable to investment properties net of the associated deferred tax provision, which are initially disclosed in the profit and loss account. As the fair value adjustments are non-distributable profits, they are subsequently ring-fenced in the fair value reserve.

Inneswick Limited (Registered number: SC138565)

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

8. DIRECTOR'S 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
£    £   
Mrs E Innes
Balance outstanding at start of year 14,551 -
Amounts advanced 77,766 14,551
Amounts repaid (25,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 67,317 14,551

9. ULTIMATE CONTROLLING PARTY

The controlling party is Mrs E Innes.