CAWDOR LETTINGS LIMITED

Company Registration Number:
14953410 (England and Wales)

Unaudited abridged accounts for the year ended 30 June 2024

Period of accounts

Start date: 22 June 2023

End date: 30 June 2024

CAWDOR LETTINGS LIMITED

Contents of the Financial Statements

for the Period Ended 30 June 2024

Balance sheet
Notes

CAWDOR LETTINGS LIMITED

Balance sheet

As at 30 June 2024


Notes

2024


£
Called up share capital not paid: 0
Fixed assets
Intangible assets:   0
Tangible assets: 3 21,406
Investments: 4 2,156,445
Total fixed assets: 2,177,851
Current assets
Stocks: 0
Debtors: 5 12,528
Cash at bank and in hand: 3,000
Investments:   0
Total current assets: 15,528
Creditors: amounts falling due within one year: 6 (288,207)
Net current assets (liabilities): (272,679)
Total assets less current liabilities: 1,905,172
Creditors: amounts falling due after more than one year: 7 (1,301,044)
Provision for liabilities: 0
Total net assets (liabilities): 604,128
Capital and reserves
Called up share capital: 100
Share premium account: 0
Revaluation reserve: 0
Other reserves: 0
Profit and loss account: 604,028
Shareholders funds: 604,128

The notes form part of these financial statements

CAWDOR LETTINGS LIMITED

Balance sheet statements

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

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 for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 04 March 2025
and signed on behalf of the board by:

Name: H Macbeth
Status: Director

The notes form part of these financial statements

CAWDOR LETTINGS LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Revenue is recognised at the fair value of the consideration received or receivable for goods or services provided in the normal course of business and is shown net of Value Added Tax.

Tangible fixed assets and depreciation policy

Tangible assets Tangible assets are initially recorded at cost, and are substantially stated at cost less any accumulated depreciation and impairment losses. Depreciation Depreciation is calculated so as to write off the cost or valuation of the asset, less its residual value, over the useful economic life of that asset as follows: Fixtures, fittings and equipment - 25% reducing balance If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates. Impairment A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Other accounting policies

Taxation The taxation expense recognises the aggregate of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference. Investment property Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. This is derived from the current market prices for comparable real estate determined annually by the directors. The directors use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss. Financial instruments A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.

CAWDOR LETTINGS LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

2. Employees

2024
Average number of employees during the period 2

CAWDOR LETTINGS LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

3. Tangible Assets

Total
Cost £
Additions 28,541
At 30 June 2024 28,541
Depreciation
Charge for year 7,135
At 30 June 2024 7,135
Net book value
At 30 June 2024 21,406

CAWDOR LETTINGS LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

4. Fixed investments

Investment property has been valued at £2,156,345 by the directors of the company. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties. Investments in subsidiary at cost and carrying amount were £100 at 30 June 2024. The company owns 100% of the ordinary share capital of Cawdor Constructions Developments Ltd, whose registered office is the same as the company.

CAWDOR LETTINGS LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

5. Debtors

2024
£
Debtors due after more than one year: 10,877

Other debtors includes a provision of a deferred tax asset of £10,877. The loss incurred in this year is expected to be recovered against the profit in the year ended 30 June 2025 when the properties will be let for the full year.

CAWDOR LETTINGS LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

6. Creditors: amounts falling due within one year note

Included within creditors -amounts falling due within one year is an amount of £285,400 owed to group undertakings.

CAWDOR LETTINGS LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

7. Creditors: amounts falling due after more than one year note

Included within loans and borrowings due after more than one year are mortgages totalling £1,301,044 which are secured on the investment property held by the company.