Silverfin false false 31/10/2023 01/11/2022 31/10/2023 Derek William Blair 23/10/2014 Janet Murray 06/05/2015 30 January 2025 The principal activity during the financial year was that of a holding company. SC489566 2023-10-31 SC489566 bus:Director1 2023-10-31 SC489566 bus:Director2 2023-10-31 SC489566 2022-10-31 SC489566 core:CurrentFinancialInstruments 2023-10-31 SC489566 core:CurrentFinancialInstruments 2022-10-31 SC489566 core:ShareCapital 2023-10-31 SC489566 core:ShareCapital 2022-10-31 SC489566 core:RetainedEarningsAccumulatedLosses 2023-10-31 SC489566 core:RetainedEarningsAccumulatedLosses 2022-10-31 SC489566 core:CostValuation 2022-10-31 SC489566 core:CostValuation 2023-10-31 SC489566 2022-11-01 2023-10-31 SC489566 bus:FilletedAccounts 2022-11-01 2023-10-31 SC489566 bus:SmallEntities 2022-11-01 2023-10-31 SC489566 bus:AuditExemptWithAccountantsReport 2022-11-01 2023-10-31 SC489566 bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 SC489566 bus:Director1 2022-11-01 2023-10-31 SC489566 bus:Director2 2022-11-01 2023-10-31 SC489566 2021-11-01 2022-10-31 iso4217:GBP xbrli:pure

Company No: SC489566 (Scotland)

CALRAN 0701 LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 OCTOBER 2023
PAGES FOR FILING WITH THE REGISTRAR

CALRAN 0701 LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 OCTOBER 2023

Contents

CALRAN 0701 LIMITED

BALANCE SHEET

AS AT 31 OCTOBER 2023
CALRAN 0701 LIMITED

BALANCE SHEET (continued)

AS AT 31 OCTOBER 2023
Note 2023 2022
£ £
Fixed assets
Investments 3 3,535,312 3,535,312
3,535,312 3,535,312
Current assets
Cash at bank and in hand 1 1
1 1
Creditors: amounts falling due within one year 4 ( 3,465,135) ( 3,476,435)
Net current liabilities (3,465,134) (3,476,434)
Total assets less current liabilities 70,178 58,878
Net assets 70,178 58,878
Capital and reserves
Called-up share capital 2 2
Profit and loss account 70,176 58,876
Total shareholders' funds 70,178 58,878

For the financial year ending 31 October 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Calran 0701 Limited (registered number: SC489566) were approved and authorised for issue by the Board of Directors on 30 January 2025. They were signed on its behalf by:

Derek William Blair
Director
CALRAN 0701 LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 OCTOBER 2023
CALRAN 0701 LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 OCTOBER 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Calran 0701 Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in Scotland. The address of the Company's registered office is 40 Carmichael Street, Glasgow, G51 2QU, Scotland, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Non-financial assets
At each balance sheet date, the company reviews its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss.

If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). The recoverable amount of an asset is the higher of its fair value less costs to sell and its value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

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.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Fixed asset investments

Investments in subsidiaries

2023
£
Cost
At 01 November 2022 3,535,312
At 31 October 2023 3,535,312
Carrying value at 31 October 2023 3,535,312
Carrying value at 31 October 2022 3,535,312

4. Creditors: amounts falling due within one year

2023 2022
£ £
Trade creditors 0 780
Amounts owed to Group undertakings 3,429,990 3,443,940
Taxation and social security 7,368 2,379
Other creditors 27,777 29,336
3,465,135 3,476,435

5. Related party transactions

Transactions with entities in which the entity itself has a participating interest

2023 2022
£ £
Amounts owed to group undertakings 3,429,990 3,443,940

Transactions with the entity's directors

2023 2022
£ £
Amounts owed to directors 27,776 27,776