Company registration number: SC599159
Unaudited financial statements
for the year ended 30 June 2024
for
Cowgate Dundee Ltd
Pages for filing with the Registrar
Company registration number: SC599159
Cowgate Dundee Ltd
Balance sheet
as at 30 June 2024
2024 2023
Note £ £ £ £
Fixed assets
Investment property 4 279,000 279,000
279,000 279,000
Current assets
Cash at bank and in hand 215,818 182,850
215,818 182,850
Creditors: amounts falling due within one
year
(355,876) (347,948)
Net current liabilities (140,058) (165,098)
Total assets less current liabilities 138,942 113,902
NET ASSETS 138,942 113,902
Capital and reserves
Called up share capital 2 2
Profit and loss account 138,940 113,900
TOTAL EQUITY 138,942 113,902
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 30 June 2024.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: SC599159
Cowgate Dundee Ltd
Balance sheet - continued
as at 30 June 2024
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 Profit and loss account has not been delivered to the Registrar.
These financial statements were approved by the Board of directors and authorised for issue on 20 February 2025 and signed on its behalf by:
Mr C Wong, Director
20 February 2025
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Cowgate Dundee Ltd
Notes to the financial statements
for the year ended 30 June 2024
1 Company information
Cowgate Dundee Ltd is a private company registered in Scotland. Its registered number is SC599159. The company is limited by shares. Its registered office is 51 Dalry Road, Edinburgh, EH11 2BX.
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 historic cost convention.
Going concern
In preparing these financial statements, the directors have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the directors take into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The directors consider that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, Value Added Tax and other sales taxes.
Investment property
Investment property is shown at its most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.
Taxation
Taxation for the year comprises current taxation. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current 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.
3 Average number of employees
During the year the average number of employees was 2 (2023 - 2).
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Cowgate Dundee Ltd
Notes to the financial statements - continued
for the year ended 30 June 2024
4 Investment property
£
Valuation
At 1 July 2023 279,000
At 30 June 2024 279,000
4