Caseware UK (AP4) 2023.0.135 2023.0.135 2024-07-312024-07-31No description of principal activity22023-08-01false2falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false SC203252 2023-08-01 2024-07-31 SC203252 2022-08-01 2023-07-31 SC203252 2024-07-31 SC203252 2023-07-31 SC203252 c:CompanySecretary1 2023-08-01 2024-07-31 SC203252 c:Director1 2023-08-01 2024-07-31 SC203252 c:Director2 2023-08-01 2024-07-31 SC203252 c:RegisteredOffice 2023-08-01 2024-07-31 SC203252 d:Buildings 2023-08-01 2024-07-31 SC203252 d:Buildings 2024-07-31 SC203252 d:Buildings 2023-07-31 SC203252 d:Buildings d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 SC203252 d:MotorVehicles 2023-08-01 2024-07-31 SC203252 d:MotorVehicles 2024-07-31 SC203252 d:MotorVehicles 2023-07-31 SC203252 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 SC203252 d:FurnitureFittings 2023-08-01 2024-07-31 SC203252 d:FurnitureFittings 2024-07-31 SC203252 d:FurnitureFittings 2023-07-31 SC203252 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 SC203252 d:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 SC203252 d:FreeholdInvestmentProperty 2024-07-31 SC203252 d:FreeholdInvestmentProperty 2023-07-31 SC203252 d:CurrentFinancialInstruments 2024-07-31 SC203252 d:CurrentFinancialInstruments 2023-07-31 SC203252 d:Non-currentFinancialInstruments 2024-07-31 SC203252 d:Non-currentFinancialInstruments 2023-07-31 SC203252 d:CurrentFinancialInstruments d:WithinOneYear 2024-07-31 SC203252 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 SC203252 d:Non-currentFinancialInstruments d:AfterOneYear 2024-07-31 SC203252 d:Non-currentFinancialInstruments d:AfterOneYear 2023-07-31 SC203252 d:ShareCapital 2024-07-31 SC203252 d:ShareCapital 2023-07-31 SC203252 d:RetainedEarningsAccumulatedLosses 2024-07-31 SC203252 d:RetainedEarningsAccumulatedLosses 2023-07-31 SC203252 c:OrdinaryShareClass1 2023-08-01 2024-07-31 SC203252 c:OrdinaryShareClass1 2024-07-31 SC203252 c:OrdinaryShareClass1 2023-07-31 SC203252 c:OrdinaryShareClass2 2023-08-01 2024-07-31 SC203252 c:OrdinaryShareClass2 2024-07-31 SC203252 c:OrdinaryShareClass2 2023-07-31 SC203252 c:FRS102 2023-08-01 2024-07-31 SC203252 c:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 SC203252 c:FullAccounts 2023-08-01 2024-07-31 SC203252 c:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 SC203252 6 2023-08-01 2024-07-31 SC203252 e:PoundSterling 2023-08-01 2024-07-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: SC203252










CLUNY ACTIVITIES LTD
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

 
CLUNY ACTIVITIES LTD
 

COMPANY INFORMATION


DIRECTORS
Mr A C Shedden 
Mrs H Shedden 




COMPANY SECRETARY
Mrs H Shedden



REGISTERED NUMBER
SC203252



REGISTERED OFFICE
1 Cluny Activities
Cluny

Kirkcaldy

Fife

KY2 6QU




ACCOUNTANTS
EQ Accountants Limited
Chartered Accountants

Pentland House

Saltire Centre

Glenrothes

Fife

KY6 2AH





 
CLUNY ACTIVITIES LTD
REGISTERED NUMBER: SC203252

STATEMENT OF FINANCIAL POSITION
AS AT 31 JULY 2024

2024
2023
£
£

Fixed assets
  

Tangible assets
 4 
567,747
597,069

Investments
 5 
2
2

Investment property
 6 
220,750
220,750

  
788,499
817,821

Current assets
  

Debtors: amounts falling due within one year
 7 
236,180
188,384

Cash at bank and in hand
  
34,513
49,650

  
270,693
238,034

Creditors: amounts falling due within one year
 8 
(257,324)
(222,095)

Net current assets
  
 
 
13,369
 
 
15,939

Total assets less current liabilities
  
801,868
833,760

Creditors: amounts falling due after more than one year
 9 
(175,000)
(175,000)

Provisions for liabilities
  

Deferred tax
  
(11,274)
(11,538)

  
 
 
(11,274)
 
 
(11,538)

Net assets
  
615,594
647,222


Capital and reserves
  

Called up share capital 
 10 
10,847
10,847

Profit and loss account
  
604,747
636,375

  
615,594
647,222


Page 1

 
CLUNY ACTIVITIES LTD
REGISTERED NUMBER: SC203252

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 JULY 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




Mr A C Shedden
Director

Date: 5 March 2025

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
CLUNY ACTIVITIES LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1.


General information

Cluny Activities Ltd is limited by shares and incorporated in Scotland. The address of the registered office is Cluny Activities, Cluny, Kirkcaldy, KY2 6QU. 
The financial statements are presented in sterling which is the functional currency of the company
rounded to the nearest £.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Exemption from preparing consolidated financial statements

The Company, and the Group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and Group are considered eligible for the exemption to prepare consolidated accounts.

 
2.3

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Sale of goods

Turnover from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
CLUNY ACTIVITIES LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)

 
2.4

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Freehold property
-
0% - 20%
Motor vehicles
-
20%
Fixtures and fittings
-
10% - 33%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Investment property

Investment property is carried at fair value determined annually by external valuers 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. Changes in fair value are recognised in profit or loss.

Page 4

 
CLUNY ACTIVITIES LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

2.Accounting policies (continued)

 
2.7

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.8

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).


4.


Tangible fixed assets





Freehold property
Motor vehicles
Fixtures and fittings
Total

£
£
£
£



Cost or valuation


At 1 August 2023
1,343,786
12,150
128,588
1,484,524



At 31 July 2024

1,343,786
12,150
128,588
1,484,524



Depreciation


At 1 August 2023
749,214
12,150
126,091
887,455


Charge for the year on owned assets
27,933
-
1,389
29,322



At 31 July 2024

777,147
12,150
127,480
916,777



Net book value



At 31 July 2024
566,639
-
1,108
567,747



At 31 July 2023
594,572
-
2,497
597,069

Page 5

 
CLUNY ACTIVITIES LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

5.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 August 2023
2



At 31 July 2024
2





6.


Investment property


Freehold investment property

£



Valuation


At 1 August 2023
220,750



At 31 July 2024
220,750

In the opinion of the directors, the original purchase price of £220,750 approximates to its current market value.





7.


Debtors

2024
2023
£
£


Trade debtors
4,200
-

Amounts owed by group undertakings
228,191
185,236

Other debtors
905
264

Prepayments and accrued income
2,884
2,884

236,180
188,384


Page 6

 
CLUNY ACTIVITIES LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
12,190
1,263

Other taxation and social security
-
4,751

Other creditors
234,801
210,516

Accruals and deferred income
10,333
5,565

257,324
222,095



9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Other creditors
175,000
175,000

175,000
175,000



10.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



7,087 (2023 - 7,087) Ordinary A shares of £1.00 each
7,087
7,087
3,760 (2023 - 3,760) Ordinary B shares of £1.00 each
3,760
3,760

10,847

10,847



11.


Related party transactions

Included within "other debtors" is an amount of £228,191 (2023 - £185,236) due from Cluny Activities Trading Ltd, a subsidiary company. No interest or repayment terms have been agreed.


Page 7