Acorah Software Products - Accounts Production 16.1.200 false true true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 SC210135 Mr William Munro Mrs Jean Munro William Munro Construction (Highland) Limited true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC210135 2023-03-31 SC210135 2024-03-31 SC210135 2023-04-01 2024-03-31 SC210135 frs-core:CurrentFinancialInstruments 2024-03-31 SC210135 frs-core:PlantMachinery 2024-03-31 SC210135 frs-core:PlantMachinery 2023-04-01 2024-03-31 SC210135 frs-core:PlantMachinery 2023-03-31 SC210135 frs-core:ShareCapital 2024-03-31 SC210135 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 SC210135 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 SC210135 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 SC210135 frs-bus:SmallEntities 2023-04-01 2024-03-31 SC210135 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 SC210135 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 SC210135 1 2023-04-01 2024-03-31 SC210135 frs-bus:Director1 2023-04-01 2024-03-31 SC210135 frs-bus:CompanySecretary1 2023-04-01 2024-03-31 SC210135 frs-countries:Scotland 2023-04-01 2024-03-31 SC210135 2022-03-31 SC210135 2023-03-31 SC210135 2022-04-01 2023-03-31 SC210135 frs-core:CurrentFinancialInstruments 2023-03-31 SC210135 frs-core:ShareCapital 2023-03-31 SC210135 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: SC210135
Calrichie Land Management Ltd.
Unaudited Financial Statements
For The Year Ended 31 March 2024
Leitch Accountancy Services Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: SC210135
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 12,664 14,071
12,664 14,071
CURRENT ASSETS
Debtors 5 390,587 411,005
Cash at bank and in hand 1,712 5,659
392,299 416,664
Creditors: Amounts Falling Due Within One Year 6 (234,947 ) (239,359 )
NET CURRENT ASSETS (LIABILITIES) 157,352 177,305
TOTAL ASSETS LESS CURRENT LIABILITIES 170,016 191,376
PROVISIONS FOR LIABILITIES
Deferred Taxation (3,168 ) (3,518 )
NET ASSETS 166,848 187,858
CAPITAL AND RESERVES
Called up share capital 7 2 2
Profit and Loss Account 166,846 187,856
SHAREHOLDERS' FUNDS 166,848 187,858
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 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 Profit and Loss Account.
On behalf of the board
Mr William Munro
Director
20/12/2024
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
Calrichie Land Management Ltd. is a private company, limited by shares, incorporated in Scotland, registered number SC210135 . The registered office is Teaninich Industrial Estate, Alness, IV17 0PG.
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. Going Concern Disclosure
At the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company continues to be supported by the group and the director. The director is satisfied the company has access to sufficient working capital to allow it to continue to meet its liabilities as they fall due for period of at least 12 months from the date of approval of these financial statements. Therefore, the director deems it appropriate to continue to prepare the financial statements on a going concern basis.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided 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:
Plant & Machinery 10% reducing balance
2.5. Financial Instruments
Financial assets and financial liabilities are recognised when the Company becomes a party to the
contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual
arrangements entered into. An equity instrument is any contract that evidences a residual interest in the
assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a
legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net
basis, or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at
transaction price including transaction costs and are subsequently carried at amortised cost using the
effective interest method unless the arrangement constitutes a financing transaction, where the transaction is
measured at the present value of the future receipts discounted at a market rate of interest. Financial assets
classified as receivable within one year are not amortised.
Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, and preference shares that are classified as debt,
are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where
the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
...CONTINUED
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2.5. Financial Instruments - continued
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of
business from suppliers. Amounts payable are classified as current liabilities if payment is due within one
year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at
transaction price and subsequently measured at amortised cost using the effective interest method.
Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received
or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the
initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as
liabilities once they are no longer at the discretion of the Company
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
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 years 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.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.7. Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with
banks, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due
within one year.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 April 2023 25,000
As at 31 March 2024 25,000
Depreciation
As at 1 April 2023 10,929
Provided during the period 1,407
As at 31 March 2024 12,336
...CONTINUED
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Page 5
Net Book Value
As at 31 March 2024 12,664
As at 1 April 2023 14,071
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 6,275 7,693
Amounts owed by group undertakings 384,312 403,312
390,587 411,005
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1,980 646
Amounts owed to group undertakings 223,797 -
Amounts owed to participating interests - 216,797
Other creditors 9,170 9,171
Taxation and social security - 12,745
234,947 239,359
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
8. Related Party Transactions
The company has taken advantage of the exemption within FRS192 section A paragraph 1AC.35 from the requirement to disclose transactions with wholly owned group companies.
No guarantees have been given or received.
9. Ultimate Controlling Party
The company's ultimate controlling party is William Munro Construction (Highland) Limited by virtue of his ownership of 100% of the issued share capital in the company.
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