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REGISTERED NUMBER: SC195090 (Scotland)











Unaudited Financial Statements for the Year Ended 31st October 2024

for

Currie Group Holdings Limited

Currie Group Holdings Limited (Registered number: SC195090)






Contents of the Financial Statements
for the Year Ended 31st October 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 5

Report of the Accountants 6

Currie Group Holdings Limited

Company Information
for the Year Ended 31st October 2024







DIRECTOR: K M Currie



REGISTERED OFFICE: Farries, Kirk & McVean
Dumfries Enterprise Park
Heathhall
Dumfries
Dumfriesshire
DG1 3SJ



REGISTERED NUMBER: SC195090 (Scotland)



ACCOUNTANTS: Farries Kirk & McVean
Dumfries Enterprise Park
Heathhall
Dumfries
DUMFRIESSHIRE
DG1 3SJ



BANKERS: HSBC
46 High Street
Dumfries
DG1 2JA

Currie Group Holdings Limited (Registered number: SC195090)

Balance Sheet
31st October 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 10,605 12,480
Investment property 5 1,659,116 1,659,116
1,669,721 1,671,596

CURRENT ASSETS
Debtors 6 4,832 7,068
Cash at bank 17,058 19,825
21,890 26,893
CREDITORS
Amounts falling due within one year 7 10,017 13,315
NET CURRENT ASSETS 11,873 13,578
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,681,594

1,685,174

CAPITAL AND RESERVES
Called up share capital 95,000 95,000
Share premium 8 622,289 622,289
Retained earnings 8 964,305 967,885
SHAREHOLDERS' FUNDS 1,681,594 1,685,174

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st October 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 14th November 2024 and were signed by:





K M Currie - Director


Currie Group Holdings Limited (Registered number: SC195090)

Notes to the Financial Statements
for the Year Ended 31st October 2024

1. STATUTORY INFORMATION

Currie Group Holdings 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 15% on reducing balance

Amounts written off each asset over the estimated useful life represent cost less residual value. The assets' residual values and useful lives are reviewed, and adjusted, if appropriate, at the end of each reporting period.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

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.

Leasing
Income from the let of property is recognised in the profit and loss account based on a time apportionment of periodic invoicing.

Currie Group Holdings Limited (Registered number: SC195090)

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

2. ACCOUNTING POLICIES - continued

Financial instruments
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors
Trade debtors are amounts due from customers for the sale of goods and services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price and represent the full value of the goods and services charged to customers, including any amounts charged on for third parties.

Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date they are presented as non current liabilities.

Borrowings
Interest bearing borrowings are initially recorded at fair value, net of transaction costs. Interest bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transactions costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Provisions and contingencies
Provisions are recognised when the company has a present legal or constructive obligation as a result of past events; it is probable that an outflow of resources will be required to settle the obligation; and the amount of the obligation can be estimated reliably.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st November 2023
and 31st October 2024 112,321
DEPRECIATION
At 1st November 2023 99,841
Charge for year 1,875
At 31st October 2024 101,716
NET BOOK VALUE
At 31st October 2024 10,605
At 31st October 2023 12,480

Currie Group Holdings Limited (Registered number: SC195090)

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

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st November 2023
and 31st October 2024 1,659,116
NET BOOK VALUE
At 31st October 2024 1,659,116
At 31st October 2023 1,659,116

Fair value at 31st October 2024 is represented by:
£   
Valuation in 2016 215,778
Cost 1,443,338
1,659,116

If investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 1,443,338 1,443,338

Investment property was valued on an open market basis on 20th April 2016 by Braidwoods and BTO .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 300 2,883
Other debtors 4,532 4,185
4,832 7,068

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 324 -
Taxation and social security 4,663 8,465
Other creditors 5,030 4,850
10,017 13,315

8. RESERVES

Profit and loss account includes £215,778 (2022 - £215,778) of non-distributable reserves relating to the revaluation of investment property.

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £22,278 (2023 - £35,000) were paid to the director .

Currie Group Holdings Limited

Report of the Accountants to the Director of
Currie Group Holdings Limited

The following reproduces the text of the report prepared for the director 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 Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31st October 2024 set out on pages three to seven and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Farries Kirk & McVean
Dumfries Enterprise Park
Heathhall
Dumfries
DUMFRIESSHIRE
DG1 3SJ


14th November 2024