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REGISTERED NUMBER: SC226355 (Scotland)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

CERULEAN (SCOTLAND) LIMITED

CERULEAN (SCOTLAND) LIMITED (REGISTERED NUMBER: SC226355)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


CERULEAN (SCOTLAND) LIMITED

COMPANY INFORMATION
for the Year Ended 31 December 2024







DIRECTORS: Mr A Hall
Mrs L A Hall





SECRETARY: Stronachs Secretaries Limited





REGISTERED OFFICE: 28 Albyn Place
Aberdeen
Grampian
AB10 1FW





REGISTERED NUMBER: SC226355 (Scotland)






CERULEAN (SCOTLAND) LIMITED (REGISTERED NUMBER: SC226355)

STATEMENT OF FINANCIAL POSITION
31 December 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investment property 5 828,200 828,200
828,200 828,200

CURRENT ASSETS
Debtors 6 5,659 3,278
Cash at bank 16,943 12,623
22,602 15,901
CREDITORS
Amounts falling due within one year 7 873,066 867,082
NET CURRENT LIABILITIES (850,464 ) (851,181 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(22,264

)

(22,981

)

CAPITAL AND RESERVES
Called up share capital 5,000 5,000
Fair value reserve 8 (44,713 ) (44,713 )
Retained earnings 17,449 16,732
SHAREHOLDERS' FUNDS (22,264 ) (22,981 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 10 April 2025 and were signed on its behalf by:





Mr A Hall - Director


CERULEAN (SCOTLAND) LIMITED (REGISTERED NUMBER: SC226355)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Cerulean (Scotland) 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 as modified by the revaluation of certain assets.

The accounts have been prepared on a going concern basis due to the continuing support of the directors.

Turnover
Turnover represents net invoiced services relating to property, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 10% on cost

Investment property
Investment property is included at fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

No depreciation is provided on properties.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 January 2024
and 31 December 2024 7,978
DEPRECIATION
At 1 January 2024
and 31 December 2024 7,978
NET BOOK VALUE
At 31 December 2024 -
At 31 December 2023 -

CERULEAN (SCOTLAND) LIMITED (REGISTERED NUMBER: SC226355)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2024

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2024
and 31 December 2024 828,200
NET BOOK VALUE
At 31 December 2024 828,200
At 31 December 2023 828,200

Fair value at 31 December 2024 is represented by:
£   
Valuation in 2015 (2,213 )
Valuation in 2016 (42,500 )
Cost 872,913
828,200

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 5,659 3,278

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Tax 138 5
Deposits 5,559 3,178
Directors' current accounts 866,376 862,798
Accrued expenses 993 1,101
873,066 867,082

8. RESERVES
Fair
value
reserve
£   
At 1 January 2024
and 31 December 2024 (44,713 )

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

2024 2023
£    £   
Mr A Hall
Balance outstanding at start of year (96,367 ) (81,889 )
Amounts advanced 21,924 40,253
Amounts repaid (25,500 ) (54,731 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (99,943 ) (96,367 )

CERULEAN (SCOTLAND) LIMITED (REGISTERED NUMBER: SC226355)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2024

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

At 31 December 2023 there is an additional outstanding amount of £766,433 (2023: £766,433) due to the directors and shareholders from the company.

The loan is interest free and there are no fixed terms of repayment but it has been agreed that repayment will be made as funds permit.