REGISTERED NUMBER: SC018654 (Scotland)

Unaudited Financial Statements for the Year Ended 31 October 2024

for

Crieff Highland Gathering Limited

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

22,108

22,587

Investments

5

51,934

52,018

74,042

74,605

CURRENT ASSETS

Stocks

2,032

1,288

Debtors

6

1,508

1,244

Cash at bank

25,371

18,839

28,911

21,371

CREDITORS

Amounts falling due within one year

7

(3,306

)

(750

)

NET CURRENT ASSETS

25,605

20,621

TOTAL ASSETS LESS CURRENT LIABILITIES

99,647

95,226

CAPITAL AND RESERVES

Called up share capital

25

25

Retained earnings

99,622

95,201

SHAREHOLDERS' FUNDS

99,647

95,226

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 28 February 2025 and were signed on its behalf by:

Mr N P O'Neill - Director

1.	STATUTORY INFORMATION

Crieff Highland Gathering Limited is a private company, limited by shares, domiciled in Scotland, registration number SC018654. The registered office is 25 West High Street, Crieff, Perthshire, PH7 4AU.

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

The turnover shown in the profit and loss account represents amounts invoiced during the year, together with ticket and other cash sales and is recognised at the point at which it is received.

Tangible fixed assets and depreciation

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

4% on cost

Improvements to property

-

5% on cost

Plant and equipment

-

20% on cost

Tangible fixed assets are stated at cost less depreciation. Cost represent purchase price together with any incidental costs of acquisition.

The directors have considered the residual value of all tangible fixed assets to be immaterial and therefore all tangible fixed assets are depreciated to nil value.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost is represented by purchase price.

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.

Provisions

Provisions are recognised when the company has a legal or constructive obligation as a result of a past event, it is probable that an outflow of resources will be required to settle the obligation, and the amount has been reliably estimated. Provisions are not recognised for future operating losses. Provisions are discounted where the time value of money is material.

Where there are a number of similar obligations, the likelihood that an outflow will be required in settlement is determined by considering the class of obligations as a whole. A provision is recognised even if the likelihood of an outflow with respect to any one item included in the same class of obligations may be small.

Fixed asset investments

Fixed asset investments are stated at cost less provisions for any impairment in value.

Provisions

Provisions are recognised when the company has a legal or constructive obligation as a result of a past event, it is probable that an outflow of resources will be required to settle the obligation, and the amount has been reliably estimated. Provisions are not recognised for future operating losses. Provisions are discounted where the time value of money is material.

Where there are a number of similar obligations, the likelihood that an outflow will be required in settlement is

determined by considering the class of obligations as a whole. A provision is recognised even if the likelihood of an outflow with respect to any one item included in the same class of obligations may be small.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 24 (2023 - 24 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Freehold

to

Plant and

property

property

equipment

Totals

£

£

£

£

COST

At 1 November 2023

36,348

17,938

17,758

72,044

Additions

-

-

4,137

4,137

At 31 October 2024

36,348

17,938

21,895

76,181

DEPRECIATION

At 1 November 2023

35,076

6,279

8,102

49,457

Charge for year

1,272

897

2,447

4,616

At 31 October 2024

36,348

7,176

10,549

54,073

NET BOOK VALUE

At 31 October 2024

-

10,762

11,346

22,108

At 31 October 2023

1,272

11,659

9,656

22,587

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 November 2023

52,018

Additions

28

Impairments

(112

)

At 31 October 2024

51,934

NET BOOK VALUE

At 31 October 2024

51,934

At 31 October 2023

52,018

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.24

31.10.23

£

£

Trade debtors

240

-

Other debtors

1,268

1,244

1,508

1,244

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.24

31.10.23

£

£

Trade creditors

-

250

Taxation and social security

659

-

Other creditors

2,647

500

3,306

750