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REGISTERED NUMBER: SC542434 (Scotland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

FOR

CALLUNA INVESTMENTS LTD

CALLUNA INVESTMENTS LTD (REGISTERED NUMBER: SC542434)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 June 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


CALLUNA INVESTMENTS LTD

COMPANY INFORMATION
for the year ended 30 June 2024







DIRECTOR: Ms H E Wiggin



REGISTERED OFFICE: 20 Young Street
Edinburgh
Lothian
EH2 4JB



REGISTERED NUMBER: SC542434 (Scotland)



ACCOUNTANTS: Mitchell Edwards
Chartered Certified Accountants
24A Ainslie Place
Edinburgh
EH3 6AJ



BANKERS: HSBC
76 Hanover Street
Edinburgh
Lothian
EH2 1HQ



SOLICITORS: Russel + Aitken LLP
King's Court
Falkirk
FK1 1PQ

CALLUNA INVESTMENTS LTD (REGISTERED NUMBER: SC542434)

BALANCE SHEET
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 915,185 915,185

CURRENT ASSETS
Debtors 5 239,262 248,979
Cash at bank 10,340 2,518
249,602 251,497
CREDITORS
Amounts falling due within one year 6 48,474 49,597
NET CURRENT ASSETS 201,128 201,900
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,116,313

1,117,085

CREDITORS
Amounts falling due after more than one year 7 1,116,000 1,116,000
NET ASSETS 313 1,085

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 213 985
SHAREHOLDERS' FUNDS 313 1,085

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 director and authorised for issue on 14 March 2025 and were signed by:





Ms H E Wiggin - Director


CALLUNA INVESTMENTS LTD (REGISTERED NUMBER: SC542434)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 June 2024


1. STATUTORY INFORMATION

Calluna Investments Ltd 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 (£), rounded to the nearest £.

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 the total of rent received by the company for the rental of own property.

Investment property
The company carries investment property at fair value with changes in fair value being recognised in the Income Statement. Any such changes together with the related deferred tax are transferred to a Fair Value Reserve.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023
and 30 June 2024 915,185
NET BOOK VALUE
At 30 June 2024 915,185
At 30 June 2023 915,185

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 239,262 248,979

CALLUNA INVESTMENTS LTD (REGISTERED NUMBER: SC542434)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 June 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 9,299 9,299
Taxation and social security 7,155 6,385
Other creditors 32,020 33,913
48,474 49,597

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Other creditors 1,116,000 1,116,000

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Property loan 1,116,000 1,116,000

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Other loans 1,116,000 1,116,000

The loan is secured by a standard security over the company's property.

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2024 and 30 June 2023:

2024 2023
£    £   
Ms H E Wiggin
Balance outstanding at start of year (6,300 ) (6,300 )
Amounts advanced 8,000 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,700 (6,300 )

10. RELATED PARTY DISCLOSURES

Included in Other Debtors at 30 June 2024 is a loan to a company controlled by the director of Calluna Investments Ltd of £219,350 (2023: £230,767). The loan is unsecured and repayable on demand. Interest is payable at 1.5% per annum.