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REGISTERED NUMBER: 00790205 (England and Wales)
















Financial Statements

for the Year Ended 31 March 2024

for

Closeburn Limited

Closeburn Limited (Registered number: 00790205)

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










Page

Company Information 1

Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


Closeburn Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: J W F Stuart-Menteth
A G Stuart Menteth





SECRETARY: A G Stuart Menteth





REGISTERED OFFICE: 701 Stonehouse Park
Sperry Way
Stonehouse
Gloucestershire
GL10 3UT





REGISTERED NUMBER: 00790205 (England and Wales)





ACCOUNTANTS: GCSD Accountants Limited
701 Stonehouse Park
Sperry Way
Stonehouse
Gloucestershire
GL10 3UT

Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Closeburn Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements and the related notes from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements and state those matters that we have agreed to state to the Board of Directors, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that the Company has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit. You consider that the Company is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of the Company. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






GCSD Accountants Limited


18 June 2024

Closeburn Limited (Registered number: 00790205)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investments 4 734,965 693,764

CURRENT ASSETS
Debtors 5 822 822
Cash at bank 8,165 19,986
8,987 20,808
CREDITORS
Amounts falling due within one year 6 20,057 19,917
NET CURRENT (LIABILITIES)/ASSETS (11,070 ) 891
TOTAL ASSETS LESS CURRENT
LIABILITIES

723,895

694,655

PROVISIONS FOR LIABILITIES 46,297 42,654
NET ASSETS 677,598 652,001

CAPITAL AND RESERVES
Called up share capital 900 900
Retained earnings 676,698 651,101
SHAREHOLDERS' FUNDS 677,598 652,001

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.

Closeburn Limited (Registered number: 00790205)

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 18 June 2024 and were signed on its behalf by:





J W F Stuart-Menteth - Director


Closeburn Limited (Registered number: 00790205)

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


1. STATUTORY INFORMATION

Closeburn Limited is a private company, limited by shares , registered in England and Wales. 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.

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.

Current asset investments
Current asset investments are included individually at the lower of cost and net realisable value.

3. EMPLOYEES AND DIRECTORS

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

4. FIXED ASSET INVESTMENTS
Other
investment
£   
COST OR VALUATION
At 1 April 2023 693,764
Additions 41,864
Disposals (14,739 )
Revaluations 14,076
At 31 March 2024 734,965
NET BOOK VALUE
At 31 March 2024 734,965
At 31 March 2023 693,764

Closeburn Limited (Registered number: 00790205)

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


4. FIXED ASSET INVESTMENTS - continued

Cost or valuation at 31 March 2024 is represented by:

Other
investment
£   
Valuation in 2017 171,294
Valuation in 2018 316,126
Valuation in 2019 (15,132 )
Valuation in 2020 61,614
Valuation in 2021 99,278
Valuation in 2022 91,615
Valuation in 2023 (31,031 )
Valuation in 2024 41,201
734,965

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 822 822

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 53 53
Other creditors 20,004 19,864
20,057 19,917