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REGISTERED NUMBER: SC220625 (Scotland)















Financial Statements for the Year Ended 30 June 2024

for

Clydeside Regeneration Limited

Clydeside Regeneration Limited (Registered number: SC220625)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Clydeside Regeneration Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: D Graham
J M Raeburn
D B Hamilton
G R Hamilton
D G Raeburn
R J Craig
C A Peat





SECRETARY: D Graham





REGISTERED OFFICE: 76 Dumbarton Road
Clydebank
Glasgow
G81 1UG





REGISTERED NUMBER: SC220625 (Scotland)





ACCOUNTANTS: Graham & Co. (Accountants) Limited
76 Dumbarton Road
Clydebank
Glasgow
G81 1UG

Clydeside Regeneration Limited (Registered number: SC220625)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £   
CURRENT ASSETS
Stocks 8,480,909 8,480,909
Debtors 4 25,227 5,306
Cash at bank 46,985 4,846
8,553,121 8,491,061
CREDITORS
Amounts falling due within one year 5 13,191,653 13,152,740
NET CURRENT LIABILITIES (4,638,532 ) (4,661,679 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(4,638,532

)

(4,661,679

)

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings (4,638,732 ) (4,661,879 )
SHAREHOLDERS' FUNDS (4,638,532 ) (4,661,679 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 September 2024 and were signed on its behalf by:





D Graham - Director


Clydeside Regeneration Limited (Registered number: SC220625)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Clydeside Regeneration Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Stocks
Stock and work in progress is valued at the lower of cost and net realisable value.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 25,171 1,300
Other debtors 56 4,006
25,227 5,306

Clydeside Regeneration Limited (Registered number: SC220625)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade creditors 335 1,019
Other creditors 13,191,318 13,151,721
13,191,653 13,152,740

6. SECURED DEBTS

The following secured debts are included within creditors:

30.6.24 30.6.23
£    £   
Other creditors 2,224,772 2,224,772

West Dunbartonshire Council and Wm Hamilton & Sons Ltd hold standard securities over the company's property at Queens Quay, Cart Street, Clydebank.

7. RELATED PARTY DISCLOSURES

The balance on other creditors is made up as follows:

30.06.2430.06.23
£   £   


Wm Hamilton & Sons Ltd2,224,7722,224,772
Central Recycling Ltd1,873,1051,873,105
GR Hamilton1,997,0671,997,067
DB Hamilton1,901,8441,901,844
D Graham1,901,8441,901,844
RJ Craig1,036,181 1,036,181
CA Peat1,036,181 1,036,181
George Raeburn (Minerals) Ltd1,180,7271,180,727


GR Hamilton and D Graham are directors of Wm Hamilton & Sons Ltd. RJ Craig and CA Peat are directors of Central Recycling Ltd, DG Raeburn and JM Raeburn are directors of George Raeburn (Minerals) Ltd