Silverfin false false 31/12/2024 01/01/2024 31/12/2024 E Broackes Carter 19/03/2011 J Bryce 20/03/2021 L Craven 24/03/2018 J Irving 15/11/2019 Maria H A Ruiz 19/03/2022 Eliane R Schleiffer 30/04/1994 C Shearer 19/03/2011 R Shearer 21/03/2015 G Smith 12/03/2016 J Watson 02/04/2005 22 March 2025 The principal activity of the company is to provide for the maintenance and upkeep of the Company’s gardens and woodlands. SC089719 2024-12-31 SC089719 bus:Director1 2024-12-31 SC089719 bus:Director2 2024-12-31 SC089719 bus:Director3 2024-12-31 SC089719 bus:Director4 2024-12-31 SC089719 bus:Director5 2024-12-31 SC089719 bus:Director6 2024-12-31 SC089719 bus:Director7 2024-12-31 SC089719 bus:Director8 2024-12-31 SC089719 bus:Director9 2024-12-31 SC089719 bus:Director10 2024-12-31 SC089719 2023-12-31 SC089719 core:CurrentFinancialInstruments 2024-12-31 SC089719 core:CurrentFinancialInstruments 2023-12-31 SC089719 core:RetainedEarningsAccumulatedLosses 2024-12-31 SC089719 core:RetainedEarningsAccumulatedLosses 2023-12-31 SC089719 2024-01-01 2024-12-31 SC089719 bus:FilletedAccounts 2024-01-01 2024-12-31 SC089719 bus:SmallEntities 2024-01-01 2024-12-31 SC089719 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 SC089719 bus:CompanyLimitedByGuarantee 2024-01-01 2024-12-31 SC089719 bus:Director1 2024-01-01 2024-12-31 SC089719 bus:Director2 2024-01-01 2024-12-31 SC089719 bus:Director3 2024-01-01 2024-12-31 SC089719 bus:Director4 2024-01-01 2024-12-31 SC089719 bus:Director5 2024-01-01 2024-12-31 SC089719 bus:Director6 2024-01-01 2024-12-31 SC089719 bus:Director7 2024-01-01 2024-12-31 SC089719 bus:Director8 2024-01-01 2024-12-31 SC089719 bus:Director9 2024-01-01 2024-12-31 SC089719 bus:Director10 2024-01-01 2024-12-31 SC089719 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Company No: SC089719 (Scotland)

CULLEN HOUSE GARDENS LTD

(A company limited by guarantee)

Unaudited Financial Statements
For the financial year ended 31 December 2024
Pages for filing with the registrar

CULLEN HOUSE GARDENS LTD

Unaudited Financial Statements

For the financial year ended 31 December 2024

Contents

CULLEN HOUSE GARDENS LTD

BALANCE SHEET

As at 31 December 2024
CULLEN HOUSE GARDENS LTD

BALANCE SHEET (continued)

As at 31 December 2024
Note 2024 2023
£ £
Current assets
Cash at bank and in hand 20,795 16,907
20,795 16,907
Creditors: amounts falling due within one year 3 ( 728) ( 738)
Net current assets 20,067 16,169
Total assets less current liabilities 20,067 16,169
Net assets 20,067 16,169
Reserves
Profit and loss account 20,067 16,169
Total reserves 20,067 16,169

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Cullen House Gardens Ltd (registered number: SC089719) were approved and authorised for issue by the Board of Directors on 22 March 2025. They were signed on its behalf by:

R Shearer
Director
CULLEN HOUSE GARDENS LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
CULLEN HOUSE GARDENS LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Cullen House Gardens Ltd (the Company) is a private company, limited by guarantee, incorporated in the United Kingdom under the Companies Act 2006 and is registered in Scotland. The address of the company's registered office is Suite A, 1 Albyn Place, Aberdeen, AB10 1BR, Scotland, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for at least twelve months from the date of signing the financial statements. Thus the directors have continued to adopt the going concern basis of accounting in preparing the financial statements.

Turnover

Turnover is recognised at the fair value of the members contributions received or receivable.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the company during the year, including directors 10 10

3. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 0 10
Other creditors 728 728
728 738

4. Liability of members

The company is limited by guarantee and does not have a share capital. Every member of the company undertakes to contribute to the assets of the company a contribution not exceeding £10 in the event of its being wound up. As at 31 December 2024, there were 14 members (2023 – 14).