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Registered number: 09552281
Cairn Mor Creative Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2024
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: 09552281
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 20,170 20,170
Investments 5 458,967 495,101
479,137 515,271
CURRENT ASSETS
Trade and other receivables 6 151,118 263,126
Cash and cash equivalents 5,083,999 5,415,105
5,235,117 5,678,231
Creditors: Amounts Falling Due Within One Year 7 (22,657 ) (690,176 )
NET CURRENT ASSETS (LIABILITIES) 5,212,460 4,988,055
TOTAL ASSETS LESS CURRENT LIABILITIES 5,691,597 5,503,326
PROVISIONS FOR LIABILITIES
Deferred Taxation (5,043 ) (5,043 )
NET ASSETS 5,686,554 5,498,283
CAPITAL AND RESERVES
Called up share capital 8 1 1
Income Statement 5,686,553 5,498,282
SHAREHOLDERS' FUNDS 5,686,554 5,498,283
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Page 2
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
Sam Heughan
Director
5 November 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Cairn Mor Creative Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09552281 . The registered office is 56-58 High Street, Ewell, Surrey, KT17 1RW.  
The presentation currency is £ sterling.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.   The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Statement of Income and Retained Earnings. 
2.2. Turnover
Revenue represents the value of services received or receivable, including an estimate of the value of work done not yet invoiced, excluding Value Added Tax. The value of work done not yet invoiced appears within other debtors. Royalties are recognised when received.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures and fittings 10 years
2.4. Foreign Currencies
Transactions in foreign currency are translated at the foreign exchange rate ruling at the date of transaction. Assets and liabilities denominated in foreign currencies at the balance sheet date are translated at the exchange rate ruling at that date. Foreign exchange gains and losses are recognised in the statement of income and retained earnings.
2.5. Taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences.
2.6. Pensions
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
2.7. Financial instruments
The company uses only basic financial instruments. Debtors, creditors and investments in jointly controlled entities are valued at transaction cost. Investments in jointly controlled entities are reviewed for impairment at the end of each reporting period and at least annually and are valued at cost plus share of profit less drawings less impairment.
3. Average Number of Employees
Average number of employees, including directors, during the year was:  1 (2023: 1)
1 1
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4. Tangible Assets
Fixtures and fittings
£
Cost
As at 1 April 2023 20,170
As at 31 March 2024 20,170
Net Book Value
As at 31 March 2024 20,170
As at 1 April 2023 20,170
5. Investments
Joint Ventures
£
Cost
As at 1 April 2023 531,368
As at 31 March 2024 531,368
Provision
As at 1 April 2023 36,267
Impairment losses 36,134
As at 31 March 2024 72,401
Net Book Value
As at 31 March 2024 458,967
As at 1 April 2023 495,101
6. Trade and other receivables
2024 2023
£ £
Due within one year
Trade debtors 1,153 86,794
Other debtors 135,304 147,651
136,457 234,445
Due after more than one year
Other debtors 14,661 28,681
151,118 263,126
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1,281 196
Other creditors 20,887 49,131
Taxation and social security 489 640,849
22,657 690,176
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8. Share Capital
2024 2023
Allotted, called up and fully paid £ £
1 Ordinary Shares of £ 1.00 each 1 1
Page 5