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REGISTERED NUMBER: SC165633 (Scotland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

MAUVETRAMP LIMITED

MAUVETRAMP LIMITED (REGISTERED NUMBER: SC165633)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MAUVETRAMP LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







Directors: R O G Guest
R J Kelly





Registered office: C/o Foresight Group Llp Clarence House
133-135 George Street
Edinburgh
EH2 4JS





Registered number: SC165633 (Scotland)






MAUVETRAMP LIMITED (REGISTERED NUMBER: SC165633)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £ £
Fixed assets
Tangible assets 4 6,790,000 8,819,552

Current assets
Debtors 5 27,530 24,497
Prepayments and accrued income 12,301 12,375
39,831 36,872
Creditors
Amounts falling due within one year 6 (970,594 ) (923,959 )
Net current liabilities (930,763 ) (887,087 )
Total assets less current liabilities 5,859,237 7,932,465

Provisions for liabilities (161,267 ) (161,267 )
Net assets 5,697,970 7,771,198

Capital and reserves
Called up share capital 390,000 390,000
Share premium 41,990 41,990
Fair value reserve 7 5,777,577 7,806,802
Retained earnings (511,597 ) (467,594 )
Shareholders' funds 5,697,970 7,771,198

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

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

MAUVETRAMP LIMITED (REGISTERED NUMBER: SC165633)

BALANCE SHEET - continued
31 MARCH 2024


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 8 November 2024 and were signed on its behalf by:





R J Kelly - Director


MAUVETRAMP LIMITED (REGISTERED NUMBER: SC165633)

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

1. Statutory information

Mauvetramp 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.

Going concern

The Directors have a reasonable expectation that the company has adequate resources to be in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the annual report and accounts. The directors do not expect COVID-19 to have any material impact on the going concern of the company.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

MAUVETRAMP LIMITED (REGISTERED NUMBER: SC165633)

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

2. Accounting policies - continued

Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Woodlands Not depreciated
Plant and Machinery 20% reducing balance

Woodlands are not depreciated but are reviewed by the directors for impairment at each balance sheet date and any adjustment is written off the profit and loss account.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit and loss.

Impairment of fixed assets
At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using the pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where am impairment loss subsequently reverses, the carrying amount of the asset (or cash generating unit) is increased to the revised estimate of its recoverable amount but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit and loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

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.


MAUVETRAMP LIMITED (REGISTERED NUMBER: SC165633)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 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.

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 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.

Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transactions costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

3. Employees and directors

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

4. Tangible fixed assets
Plant and
Land and machinery
buildings etc Totals
£ £ £
Cost or valuation
At 1 April 2023 8,819,553 16,971 8,836,524
Revaluations (2,029,553 ) - (2,029,553 )
At 31 March 2024 6,790,000 16,971 6,806,971
Depreciation
At 1 April 2023 924 16,048 16,972
Charge for year (924 ) 923 (1 )
At 31 March 2024 - 16,971 16,971
Net book value
At 31 March 2024 6,790,000 - 6,790,000
At 31 March 2023 8,818,629 923 8,819,552

MAUVETRAMP LIMITED (REGISTERED NUMBER: SC165633)

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

4. Tangible fixed assets - continued

Cost or valuation at 31 March 2024 is represented by:

Plant and
Land and machinery
buildings etc Totals
£ £ £
Valuation in 2017 1,211,258 16,971 1,228,229
Valuation in 2018 3,158,742 - 3,158,742
Valuation in 2021 1,380,000 - 1,380,000
Valuation in 2022 746,000 - 746,000
Valuation in 2023 2,323,553 - 2,323,553
Valuation in 2024 (2,029,553 ) - (2,029,553 )
6,790,000 16,971 6,806,971

5. Debtors: amounts falling due within one year
31.3.24 31.3.23
£ £
Other debtors 27,530 24,497

6. Creditors: amounts falling due within one year
31.3.24 31.3.23
£ £
Trade creditors 1,745 -
Amounts owed to group undertakings 943,473 898,255
Taxation and social security 278 278
Other creditors 25,098 25,426
970,594 923,959

7. Reserves
Fair value
reserve
£
At 1 April 2023 7,806,802
Revaluation of woodland (2,029,225 )

At 31 March 2024 5,777,577

8. Ultimate controlling party

The company is a wholly owned subsidiary of Blackmead Forestry III Limited.

Averon Park Limited is the ultimate controlling party of the company.