C & K Culloden Limited

	Page
Balance Sheet	1
Notes to the Financial Statements	2—4

Registered number: SC797960

		28 February 2025
	Notes	£	£
FIXED ASSETS
Tangible Assets	4		65,207

			65,207
CURRENT ASSETS
Stocks	5	13,208
Debtors	6	1,198
Cash at bank and in hand		11,932

		26,338
Creditors: Amounts Falling Due Within One Year	7	(317,550 )

NET CURRENT ASSETS (LIABILITIES)			(291,212 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(226,005 )

NET LIABILITIES			(226,005 )

CAPITAL AND RESERVES
Called up share capital	9		55
Profit and Loss Account			(226,060 )

SHAREHOLDERS' FUNDS			(226,005)

For the period ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Chris Townsley

Director

31/03/2025

The notes on pages 2 to 4 form part of these financial statements.

1. General Information

C & K Culloden Limited is a private company, limited by shares, incorporated in Scotland, registered number SC797960 . The registered office is 3 Beech Avenue, Inverness, IV2 4NN.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

Although the company made a loss in the period of £226,060, the directors have confirmed that they will continue to support the business for a minimum of 12 months. In addition the directors have agreed not to seek repayment of their loans, at 28 February 2025, of £302,016 until such time as all other creditors have been repaid, and the company is in a position to make repayments. Based on the foregoing the directors have prepared the accounts on a going concern basis.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Tenant Improvements	33% Straight Line
Fixtures & Fittings	33% Straight Line
Computer Equipment	33% Straight Line

2.5. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.

2.6. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

3. Average Number of Employees

Average number of employees, including directors, during the period was: 15

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C & K Culloden Limited

Notes to the Financial Statements (continued)

For the Period 6 February 2024 to 28 February 2025

4. Tangible Assets

	Tenant Improvements	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£
Cost
As at 6 February 2024	-	-	-	-
Additions	31,167	41,531	9,670	82,368

As at 28 February 2025	31,167	41,531	9,670	82,368

Depreciation
As at 6 February 2024	-	-	-	-
Provided during the period	6,976	7,526	2,659	17,161

As at 28 February 2025	6,976	7,526	2,659	17,161

Net Book Value
As at 28 February 2025	24,191	34,005	7,011	65,207

As at 6 February 2024	-	-	-	-

5. Stocks

	28 February 2025
	£
Stock	13,208

6. Debtors

	28 February 2025
	£
Due within one year
Trade debtors	1,143
Other debtors	55

	1,198

7. Creditors: Amounts Falling Due Within One Year

	28 February 2025
	£
Net obligations under finance lease and hire purchase contracts	2,267
Trade creditors	6,661
Amounts owed to group undertakings	302,016
Other creditors	2,699
Taxation and social security	3,907

	317,550

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C & K Culloden Limited

Notes to the Financial Statements (continued)

For the Period 6 February 2024 to 28 February 2025

8. Obligations Under Finance Leases and Hire Purchase

	28 February 2025
	£
The future minimum finance lease payments are as follows:
Not later than one year	2,267

9. Share Capital

	28 February 2025
	£
Allotted, Called up and fully paid	55

10. Related Party Transactions

The following amounts were outstanding at the reporting end date:

Amounts due to related parties

At the year end the company owed £291,841 to TM Townsley Properties Limited, a company in which the director Chris Townsley has significant influence over. The loan is interest free, unsecured and has no fixed terms of repayment.

At the year end the company owed £10,175 to Leitch Accountancy Services Limited, a company in which the director Kevin Leitch has significant influence over. The loan is interest free, unsecured and has no fixed terms of repayment.

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