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Company No: SC539151 (Scotland)

COLONNADE HOLDINGS LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 30 JUNE 2024
PAGES FOR FILING WITH THE REGISTRAR

COLONNADE HOLDINGS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 JUNE 2024

Contents

COLONNADE HOLDINGS LIMITED

BALANCE SHEET

AS AT 30 JUNE 2024
COLONNADE HOLDINGS LIMITED

BALANCE SHEET (continued)

FOR THE FINANCIAL YEAR ENDED 30 JUNE 2024
2024 2023
£ £
Restated - note 1
Fixed assets 9,205,878 9,208,432
Current assets 294,881 ( 16,834)
Creditors: amounts falling due within one year ( 1,222,559) ( 524,655)
Net current liabilities ( 927,678) ( 541,489)
Total assets less current liabilities 8,278,200 8,666,943
Creditors: amounts falling due after more than one year ( 8,192,534) ( 8,192,534)
Net assets 85,666 474,409
Capital and reserves 85,666 474,409

For the financial year ending 30 June 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Colonnade Holdings Limited (registered number: SC539151) were approved and authorised for issue by the Board of Directors on 20 February 2025 and were signed on its behalf by:

O J Stephen
Director
COLONNADE HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 JUNE 2024
COLONNADE HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS (continued)

For the FOR THE FINANCIAL YEAR ENDED 30 JUNE 2024

1. Prior year adjustment

The dividends amounting to £275,000 which were declared for the accounting year ending 30 June 2023 have been cancelled. Consequently, the reserves and creditors reported in the Balance Sheet have been restated to reflect this adjustment.

As previously reported Adjustment As restated
Year ended 30 June 2023 £ £ £
Retained Earnings 199,409 275,000 474,409
Dividends 275,000 (275,000) 0
Creditors: amounts falling due within one year (799,655) 275,000 (524,655)

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the financial year, including directors 3 2

3. Directors’ benefits: advances, credit and guarantees

Advances

During the year, advances of £910,000 were made and £603,712 was repaid. An opening credit position of £80,468 was also offset against this balance. Interest of £7,492 was applied to the loan, bringing the closing balance as at 30 June 2024 to £233,312. The loan is unsecured with no fixed repayments terms and interest is charged at a rate of 2.25%.