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REGISTERED NUMBER: SC345086 (Scotland)













Financial Statements

for the Year Ended 31 March 2024

for

Caledonia Waterfront (Harbour Road)
Limited

Caledonia Waterfront (Harbour Road)
Limited (Registered number: SC345086)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Caledonia Waterfront (Harbour Road)
Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Lord Haughey Kt OBE
Charles Hawkins
The Edi Group Limited





REGISTERED OFFICE: Caledonia House
Lawmoor Street
Glasgow
G5 0US





REGISTERED NUMBER: SC345086 (Scotland)





AUDITORS: Gerber Landa & Gee
Statutory Auditor
Chartered Accountants
Pavilion 1
Finnieston Business Park
Minerva Way
GLASGOW
G3 8AU

Caledonia Waterfront (Harbour Road)
Limited (Registered number: SC345086)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 660,000 660,000

CURRENT ASSETS
Debtors 5 1,135 1,125
Cash at bank 12,628 13,209
13,763 14,334
CREDITORS
Amounts falling due within one year 6 44,779 44,678
NET CURRENT LIABILITIES (31,016 ) (30,344 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

628,984

629,656

CAPITAL AND RESERVES
Called up share capital 101 101
Share premium 5,585,100 5,585,100
Retained earnings (4,956,217 ) (4,955,545 )
SHAREHOLDERS' FUNDS 628,984 629,656

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 14 March 2025 and were signed on its behalf by:





Lord Haughey Kt OBE - Director


Caledonia Waterfront (Harbour Road)
Limited (Registered number: SC345086)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Caledonia Waterfront (Harbour Road) 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents net invoiced rental income, excluding value added tax.

Revenue from rentals is recognised in the period which the rental dates cover, when the amount of revenue can be reliably measured and it is probable that the economic benefits associated with the transaction will flow to the entity.

Investment property
Investment property is shown at 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 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.

Caledonia Waterfront (Harbour Road)
Limited (Registered number: SC345086)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transactions costs, and are measured subsequently at amortized cost using the effective interest method, less any impairment.


Creditors

Short term trade creditors are measured at the transaction price. Other financial liabilities are measured initially at fair value, net of transaction costs, and are measured subsequently at amortized cost using the effective interest method.

Going concern
The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 660,000
NET BOOK VALUE
At 31 March 2024 660,000
At 31 March 2023 660,000

Investment property was valued at fair value on 31 March 2024 by the Directors.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 750 750
VAT 385 375
1,135 1,125

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Group creditors 41,863 41,863
Accruals and deferred income 2,916 2,815
44,779 44,678

Caledonia Waterfront (Harbour Road)
Limited (Registered number: SC345086)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Darren Smith (Senior Statutory Auditor)
for and on behalf of Gerber Landa & Gee

8. RELATED PARTY DISCLOSURES

As at 31 March 2024, the balance due to EDI Group Limited from Caledonia Waterfront (Harbour Road) Limited was £20,138 (2023: £20,138). Caledonia Waterfront (Harbour Road) Limited is a 42.5% subsidiary of EDI Group Limited.

As at 31 March 2024, the balance due to Caledonia Regeneration Investments Limited from Caledonia Waterfront (Harbour Road) Limited was £21,725 (2023: £21,725). Caledonia Waterfront (Harbour Road) Limited is a 57.5% subsidiary of Caledonia Regeneration Investments Limited.

9. FRC ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES

In common with many other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.

10. ULTIMATE CONTROLLING PARTY

The company is controlled by Lord Haughey Kt OBE.