2023-04-01 SC658337 2024-03-31 SC658337 2023-04-01 2024-03-31 SC658337 2023-03-31 SC658337 2022-04-01 2023-03-31 SC658337 uk-core:WithinOneYear 2023-03-31 SC658337 uk-core:WithinOneYear 2024-03-31 SC658337 uk-core:AfterOneYear 2023-03-31 SC658337 uk-core:AfterOneYear 2024-03-31 SC658337 uk-core:ShareCapital 2024-03-31 SC658337 uk-core:ShareCapital 2023-03-31 SC658337 uk-core:InvestmentPropertiesRevaluationReserve 2024-03-31 SC658337 uk-core:InvestmentPropertiesRevaluationReserve 2023-03-31 SC658337 uk-core:RetainedEarningsAccumulatedLosses 2024-03-31 SC658337 uk-core:RetainedEarningsAccumulatedLosses 2023-03-31 SC658337 uk-bus:Director1 2023-04-01 2024-03-31 SC658337 uk-core:CostValuation 2023-03-31 SC658337 uk-core:CostValuation uk-core:Non-currentFinancialInstruments 2023-03-31 SC658337 uk-core:AdditionsToInvestments 2024-03-31 SC658337 uk-core:AdditionsToInvestments uk-core:Non-currentFinancialInstruments 2024-03-31 SC658337 uk-core:CostValuation uk-core:Non-currentFinancialInstruments 2024-03-31 SC658337 uk-core:CostValuation 2024-03-31 SC658337 uk-core:Non-currentFinancialInstruments 2024-03-31 SC658337 uk-core:Non-currentFinancialInstruments 2023-03-31 SC658337 uk-core:AfterOneYear 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure SC658337 uk-bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 SC658337 uk-bus:FRS102 2023-04-01 2024-03-31 SC658337 uk-bus:FilletedAccounts 2023-04-01 2024-03-31 SC658337 uk-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31
Carabas Investments Ltd
Registered Number:SC658337
For the year ended 31 March 2024
Scotland
Unaudited Financial Statements
2
For the year ended 31 March 2024
Carabas Investments Ltd
Contents Page
1
Statement of Financial Position
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Notes to the Financial Statements
3
Registered Number :
SC658337
As at 31 March 2024
Carabas Investments Ltd
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
2
130,000
130,000
Investment property
Financial assets
71,764
73,385
3
203,385
201,764
Current assets
Trade and other receivables
172
191
4
4,197
Cash and cash equivalents
1,419
1,610
4,369
Trade and other payables: amounts falling due within one year
(1,560)
(1,147)
5
2,809
463
Net current assets
Total assets less current liabilities
203,848
204,573
Trade and other payables: amounts falling due after more than one
year
(111,623)
(111,397)
6
(5,232)
(4,970)
Provisions for liabilities
87,219
Net assets
87,980
Capital and reserves
Called up share capital
10,000
10,000
Fair value reserve
20,928
21,190
Retained earnings
56,291
56,790
87,219
87,980
Shareholders' funds
For the year ended 31 March 2024 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
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 director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
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Registered Number :
SC658337
For the year ended 31 March 2024
Carabas Investments Ltd
Statement of Financial Position Continued
Mrs Kay Cunningham Director
These financial statements were approved and authorised for issue by the Board on 31 October 2024 and were signed by:
The notes form part of these financial statements
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5
For the year ended 31 March 2024
Carabas Investments Ltd
Notes to the Financial Statements
Statutory Information
Carabas Investments Ltd is a private limited company, limited by shares, domiciled in Scotland, registration number SC658337.
Principal place of business:
3 Lendal Cottages
Lendalfoot
Girvan
KA26 0JP
Registered address:
223 Ayr Road
Newton Mearns
Glasgow
G77 6AH
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting Standard
102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. There were
no material departures from that standard.
The financial statements have been prepared under the historical costs convention as modified by the revaluation of certain
assets to fair value where required.
Revenue recognition
Turnover represents rents receivable.
Investment property
Investment property is shown at most recent valuation. The property was revalued by the directors on 31st March 2024. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. Deferred tax is provided on these gains at the rate expected to apply when the property is sold.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
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 statement of financial position when the company becomes party to the
contractual provisions of a financial instrument.
Basic financial instruments, including trade and other receivables, cash and bank balances, trade and other payables, bank and
other loans are initially measured at transaction price and subsequently carried at amortised cost. Financial assets and liabilities
classified as receivable/payable within one year are not amortised.
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6
For the year ended 31 March 2024
Carabas Investments Ltd
Notes to the Financial Statements Continued
2. Investment property
Total
£
Fair value
At 01 April 2023
130,000
At 31 March 2024
130,000
Net book value
At 31 March 2024
130,000
At 31 March 2023
130,000
3. Investments held as fixed assets
Other investments
Total
At 01 April 2023
71,764
71,764
Cost
£
£
1,621
1,621
Additions
At 31 March 2024
73,385
73,385
At 31 March 2024
Net book value
73,385
73,385
At 01 April 2023
71,764
71,764
The company owns a share investment in NGVP Cloud FIL SPV 1 Ltd at a cost of £73,385.
4. Trade and other receivables
2023
2024
£
£
Other debtors
191
172
5. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Taxation and social security
-
497
Other creditors
1,147
1,063
1,147
1,560
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For the year ended 31 March 2024
Carabas Investments Ltd
Notes to the Financial Statements Continued
6. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Other creditors
111,397
111,623
The directors are owed £111,397 from the Company at 31st March 2024. This loan is non interest bearing and there are no fixed repayment terms.
7. Related party transactions
Mr Daniel Cunningham, Miss Sarahjane Scobie, Mrs Kay Cunningham and Mr Daniel Cunningham Snr are the Company's
controlling parties.
8. Average number of persons employed
During the year the average number of employees was 4 (2023 : 4)
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