Acorah Software Products - Accounts Production 16.0.110 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 SC134899 Mr Melville Matthew Mrs Nicola Betteridge Mrs Margaret Matthew iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC134899 frs-core:Non-currentFinancialInstruments frs-core:MoreThanFiveYears 2024-03-31 SC134899 2023-03-31 SC134899 2024-03-31 SC134899 2023-04-01 2024-03-31 SC134899 frs-core:CurrentFinancialInstruments 2024-03-31 SC134899 frs-core:Non-currentFinancialInstruments 2024-03-31 SC134899 frs-core:InvestmentPropertyIncludedWithinPPE 2024-03-31 SC134899 frs-core:InvestmentPropertyIncludedWithinPPE 2023-04-01 2024-03-31 SC134899 frs-core:InvestmentPropertyIncludedWithinPPE 2023-03-31 SC134899 frs-core:ShareCapital 2024-03-31 SC134899 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 SC134899 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 SC134899 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 SC134899 frs-bus:SmallEntities 2023-04-01 2024-03-31 SC134899 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 SC134899 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 SC134899 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-03-31 SC134899 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2024-03-31 SC134899 frs-bus:Director1 2023-04-01 2024-03-31 SC134899 frs-bus:Director2 2023-04-01 2024-03-31 SC134899 frs-bus:CompanySecretary1 2023-04-01 2024-03-31 SC134899 frs-countries:Scotland 2023-04-01 2024-03-31 SC134899 frs-core:Non-currentFinancialInstruments frs-core:MoreThanFiveYears 2023-03-31 SC134899 2022-03-31 SC134899 2023-03-31 SC134899 2022-04-01 2023-03-31 SC134899 frs-core:CurrentFinancialInstruments 2023-03-31 SC134899 frs-core:Non-currentFinancialInstruments 2023-03-31 SC134899 frs-core:ShareCapital 2023-03-31 SC134899 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31 SC134899 frs-core:FurtherSpecificReserve1ComponentTotalEquity 2023-03-31
Registered number: SC134899
Quarry Management & Investment Company Limited
Financial Statements
For The Year Ended 31 March 2024
Arthur Garty & Co. Ltd.
161 Albert Street
Dundee
Tayside
DD4 6PX
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: SC134899
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,991,540 2,790,973
2,991,540 2,790,973
CURRENT ASSETS
Cash at bank and in hand 6,857 12,930
6,857 12,930
Creditors: Amounts Falling Due Within One Year 5 (1,558,357 ) (1,398,202 )
NET CURRENT ASSETS (LIABILITIES) (1,551,500 ) (1,385,272 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,440,040 1,405,701
Creditors: Amounts Falling Due After More Than One Year 6 (732,713 ) (785,997 )
NET ASSETS 707,327 619,704
CAPITAL AND RESERVES
Called up share capital 8 70,000 51,000
Fair value reserve 9 51,500 51,500
Profit and Loss Account 585,827 517,204
SHAREHOLDERS' FUNDS 707,327 619,704
Page 1
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 members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 Profit and Loss Account.
On behalf of the board
Mr Melville Matthew
Director
3rd December 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
Quarry Management & Investment Company Limited is a private company, limited by shares, incorporated in Scotland, registered number SC134899 . The registered office is Quarry Cottage, Main Street, Inchture, Perthshire, PH14 9RN.
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.
2.2. Turnover
Turnover represents gross rental income receivable.
2.3. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.4. Taxation
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Tangible Assets
Investment Properties
£
Cost or Valuation
As at 1 April 2023 2,790,973
Additions 200,567
As at 31 March 2024 2,991,540
Net Book Value
As at 31 March 2024 2,991,540
As at 1 April 2023 2,790,973
Page 3
Page 4
Cost or valuation as at 31 March 2024 represented by:
Investment Properties
£
At cost 2,871,540
At valuation 120,000
2,991,540
The relvalued investment properties have an historical cost value of £68,500.
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 71,358 69,756
Other creditors 1,464,809 1,304,124
Taxation and social security 22,190 24,322
1,558,357 1,398,202
6. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 732,713 785,997
Of the creditors falling due after more than one year the following amounts are due after more than five years.
2024 2023
£ £
Bank loans 447,282 506,972
7. Secured Creditors
Of the creditors the following amounts are secured.
2024 2023
£ £
Bank loans and overdrafts 804,271 855,753
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 70,000 51,000
Page 4
Page 5
9. Reserves
Fair Value Reserve
£
As at 1 April 2023 51,500
As at 31 March 2024 51,500
Page 5