Company Registration No. SC687953 (Scotland)
Caledon Property Ltd
Unaudited accounts
for the year ended 29 February 2024
Caledon Property Ltd
Unaudited accounts
Contents
Caledon Property Ltd
Company Information
for the year ended 29 February 2024
Director
Matthew John Paton
Company Number
SC687953 (Scotland)
Registered Office
3 Caledon Street, C/O M Paton
Glasgow,
G12 9DY
United Kingdom
Caledon Property Ltd
Statement of financial position
as at 29 February 2024
Investment property
-
325,769
Cash at bank and in hand
100,534
7,837
Creditors: amounts falling due within one year
(89,483)
(101,916)
Net current assets/(liabilities)
26,509
(88,192)
Total assets less current liabilities
26,509
237,577
Creditors: amounts falling due after more than one year
-
(226,426)
Called up share capital
(20)
(20)
Profit and loss account
26,529
11,171
Shareholders' funds
26,509
11,151
For the year ending 29 February 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 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 30 November 2024 and were signed on its behalf by
Matthew John Paton
Director
Company Registration No. SC687953
Caledon Property Ltd
Notes to the Accounts
for the year ended 29 February 2024
Caledon Property Ltd is a private company, limited by shares, registered in Scotland, registration number SC687953. The registered office is 3 Caledon Street, C/O M Paton, Glasgow,, G12 9DY, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives: on a 25% reducing balance
Fair value at 1 March 2023
325,769
Amounts falling due within one year
Accrued income and prepayments
-
150
Other debtors
15,458
5,737
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
1,318
2,250
Other creditors
87,745
99,246
Caledon Property Ltd
Notes to the Accounts
for the year ended 29 February 2024
7
Creditors: amounts falling due after more than one year
2024
2023
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).