Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-302024-06-30falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-07-01falseNo description of principal activity22falsetrue SC569284 2023-07-01 2024-06-30 SC569284 2022-07-01 2023-06-30 SC569284 2024-06-30 SC569284 2023-06-30 SC569284 c:Director1 2023-07-01 2024-06-30 SC569284 c:Director1 2024-06-30 SC569284 c:Director2 2023-07-01 2024-06-30 SC569284 c:Director2 2024-06-30 SC569284 c:Director3 2023-07-01 2024-06-30 SC569284 c:Director3 2024-06-30 SC569284 c:Director4 2023-07-01 2024-06-30 SC569284 c:Director4 2024-06-30 SC569284 c:RegisteredOffice 2023-07-01 2024-06-30 SC569284 d:PlantMachinery 2023-07-01 2024-06-30 SC569284 d:PlantMachinery 2024-06-30 SC569284 d:PlantMachinery 2023-06-30 SC569284 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 SC569284 d:CurrentFinancialInstruments 2024-06-30 SC569284 d:CurrentFinancialInstruments 2023-06-30 SC569284 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 SC569284 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 SC569284 d:ShareCapital 2024-06-30 SC569284 d:ShareCapital 2023-06-30 SC569284 d:RetainedEarningsAccumulatedLosses 2024-06-30 SC569284 d:RetainedEarningsAccumulatedLosses 2023-06-30 SC569284 c:OrdinaryShareClass1 2023-07-01 2024-06-30 SC569284 c:OrdinaryShareClass1 2024-06-30 SC569284 c:FRS102 2023-07-01 2024-06-30 SC569284 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 SC569284 c:FullAccounts 2023-07-01 2024-06-30 SC569284 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 SC569284 e:PoundSterling 2023-07-01 2024-06-30 iso4217:GBP xbrli:shares xbrli:pure
Registered number: SC569284










TIMBER CREEK STABLES LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

 
TIMBER CREEK STABLES LIMITED
 

COMPANY INFORMATION


Directors
Mrs C Drake (resigned 28 October 2024)
Mr T Drake (resigned 28 October 2024)
Mr K Mckay (appointed 28 October 2024)
Mr M Drake (appointed 28 October 2024)




Registered number
SC569284



Registered office
Aldie Cottage
Keillour

Methven

Perth

PH1 3RA




Accountants
EQ Accountants Limited
Chartered Accountants

14 City Quay

Dundee

DD1 3JA





 
TIMBER CREEK STABLES LIMITED
REGISTERED NUMBER: SC569284

STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2024

2024
2023
£
£

FIXED ASSETS
  

Tangible assets
 4 
87,196
102,583

  
87,196
102,583

CURRENT ASSETS
  

Debtors: amounts falling due within one year
 5 
134,979
119,979

Bank and cash balances
  
-
350

  
134,979
120,329

Creditors: amounts falling due within one year
 6 
(126,130)
(31,552)

NET CURRENT ASSETS
  
 
 
8,849
 
 
88,777

TOTAL ASSETS LESS CURRENT LIABILITIES
  
96,045
191,360

  

NET ASSETS
  
96,045
191,360


CAPITAL AND RESERVES
  

Called up share capital 
 7 
1
1

Profit and loss account
  
96,044
191,359

  
96,045
191,360


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 on 19 March 2025.




Mr M Drake
Director
Page 1

 
TIMBER CREEK STABLES LIMITED
REGISTERED NUMBER: SC569284

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 JUNE 2024


The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
TIMBER CREEK STABLES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


GENERAL INFORMATION

Timber Creek Stables Limited is a private company, limited by shares, domiciled in Scotland with registration number SC569284. The registered office is Aldie Cottage, Keillour, Methven, Scotland, PH1 3RA. 
The Company's functional and presentational curreny is GBP.

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

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:

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.

 
2.3

TAXATION

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 income 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.


Page 3

 
TIMBER CREEK STABLES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.ACCOUNTING POLICIES (CONTINUED)

 
2.4

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, on a reducing balance basis.

Depreciation is provided at the following rate:

Plant and machinery
-
15%

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.

 
2.5

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).

Page 4

 
TIMBER CREEK STABLES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

4.


TANGIBLE FIXED ASSETS





Plant and machinery

£



COST OR VALUATION


At 1 July 2023
273,120



At 30 June 2024

273,120



DEPRECIATION


At 1 July 2023
170,537


Charge for the year on owned assets
15,387



At 30 June 2024

185,924



NET BOOK VALUE



At 30 June 2024
87,196



At 30 June 2023
102,583


5.


DEBTORS

2024
2023
£
£


Trade debtors
12,784
11,627

Other debtors
122,195
108,352

134,979
119,979


Page 5

 
TIMBER CREEK STABLES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

6.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024
2023
£
£

Other creditors
123,850
29,392

Accruals and deferred income
2,280
2,160

126,130
31,552



7.


SHARE CAPITAL

2024
2023
£
£
ALLOTTED, CALLED UP AND FULLY PAID



1 Ordinary share of £1.00
1
1



Page 6