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REGISTERED NUMBER: SC556482 (Scotland)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Cairn v3 limited

Cairn v3 limited (Registered number: SC556482)






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




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Cairn v3 limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: D Armour
W Armour





REGISTERED OFFICE: Drumpellier Place
1 Lochwinnoch Road
Kilmacolm
PA13 4HE





REGISTERED NUMBER: SC556482 (Scotland)





ACCOUNTANTS: McDougall Johnstone Limited
280a St Vincent Street
Glasgow
G2 5RL

Cairn v3 limited (Registered number: SC556482)

Abridged Balance Sheet
31 March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 20,870 21,968

CURRENT ASSETS
Stocks 640 640
Debtors 53,120 39,307
Cash at bank and in hand 37,413 44,909
91,173 84,856
CREDITORS
Amounts falling due within one year (62,098 ) (48,273 )
NET CURRENT ASSETS 29,075 36,583
TOTAL ASSETS LESS CURRENT
LIABILITIES

49,945

58,551

CREDITORS
Amounts falling due after more than one year (14,655 ) (14,910 )

PROVISIONS FOR LIABILITIES (3,965 ) (3,794 )
NET ASSETS 31,325 39,847

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 31,225 39,747
31,325 39,847

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.

Cairn v3 limited (Registered number: SC556482)

Abridged 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 23 September 2024 and were signed on its behalf by:





D Armour - Director


Cairn v3 limited (Registered number: SC556482)

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

1. STATUTORY INFORMATION

Cairn v3 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 10% on cost
Computer equipment - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 10 ) .

Cairn v3 limited (Registered number: SC556482)

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

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023 38,100
Additions 2,665
At 31 March 2024 40,765
DEPRECIATION
At 1 April 2023 16,132
Charge for year 3,763
At 31 March 2024 19,895
NET BOOK VALUE
At 31 March 2024 20,870
At 31 March 2023 21,968

5. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the period end the directors owed the company £36,034 (2023: £19,153). This amount is within other debtors, the loan is interest-free and repayable on demand.

6. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is D Armour.