CK Property Investments & Lettings Ltd SC534072 false 2023-05-01 2024-04-30 2024-04-30 The principal activity of the company is Buying and selling of own real estate Digita Accounts Production Advanced 6.30.9574.0 true true SC534072 2023-05-01 2024-04-30 SC534072 2024-04-30 SC534072 bus:OrdinaryShareClass1 2024-04-30 SC534072 core:CurrentFinancialInstruments 2024-04-30 SC534072 core:CurrentFinancialInstruments core:WithinOneYear 2024-04-30 SC534072 core:Non-currentFinancialInstruments 2024-04-30 SC534072 core:Non-currentFinancialInstruments core:AfterOneYear 2024-04-30 SC534072 core:LandBuildings 2024-04-30 SC534072 bus:SmallEntities 2023-05-01 2024-04-30 SC534072 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 SC534072 bus:FilletedAccounts 2023-05-01 2024-04-30 SC534072 bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 SC534072 bus:RegisteredOffice 2023-05-01 2024-04-30 SC534072 bus:Director1 2023-05-01 2024-04-30 SC534072 bus:OrdinaryShareClass1 2023-05-01 2024-04-30 SC534072 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 SC534072 core:Buildings 2023-05-01 2024-04-30 SC534072 core:LandBuildings 2023-05-01 2024-04-30 SC534072 countries:Scotland 2023-05-01 2024-04-30 SC534072 2023-04-30 SC534072 core:LandBuildings 2023-04-30 SC534072 2022-05-01 2023-04-30 SC534072 2023-04-30 SC534072 bus:OrdinaryShareClass1 2023-04-30 SC534072 core:CurrentFinancialInstruments 2023-04-30 SC534072 core:CurrentFinancialInstruments core:WithinOneYear 2023-04-30 SC534072 core:Non-currentFinancialInstruments 2023-04-30 SC534072 core:Non-currentFinancialInstruments core:AfterOneYear 2023-04-30 SC534072 core:LandBuildings 2023-04-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: SC534072

CK Property Investments & Lettings Ltd

Unaudited Financial Statements

for the Year Ended 30 April 2024

 

CK Property Investments & Lettings Ltd

Contents

Statement of Financial Position

1

Notes to the Unaudited Financial Statements

2 to 6

 

CK Property Investments & Lettings Ltd

(Registration number: SC534072)
Statement of Financial Position as at 30 April 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

581,638

499,723

Current assets

 

Cash at bank and in hand

 

27,913

2,655

Creditors: Amounts falling due within one year

5

(171,291)

(165,703)

Net current liabilities

 

(143,378)

(163,048)

Total assets less current liabilities

 

438,260

336,675

Creditors: Amounts falling due after more than one year

5

(431,190)

(330,460)

Net assets

 

7,070

6,215

Capital and reserves

 

Called up share capital

6

100

100

Retained earnings

6,970

6,115

Shareholders' funds

 

7,070

6,215

For the financial year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the Director has not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the director on 17 April 2025
 

.........................................

Mr C MacDonald
Director

 

CK Property Investments & Lettings Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

1

General information

The Company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
4 Watson Way
Muirdrum
Carnoustie
Angus
DD7 6JX

These financial statements were authorised for issue by the director on 17 April 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the Company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The Company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the Company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

CK Property Investments & Lettings Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Freehold Property

0%

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the Company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the income statement over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the Company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

 

CK Property Investments & Lettings Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the Company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Financial instruments

Classification
Financial instruments are classified and accounted for, according to the substance of the contractual agreement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
 

3

Staff numbers

The average number of persons employed by the Company (including the Director) during the year, was 1 (2023 - 1).

4

Tangible assets

Land and buildings
£

Total
£

Cost or valuation

At 1 May 2023

499,723

499,723

Additions

81,915

81,915

At 30 April 2024

581,638

581,638

Depreciation

Carrying amount

At 30 April 2024

581,638

581,638

At 30 April 2023

499,723

499,723

Included within the net book value of land and buildings above is £581,638 (2023 - £499,723) in respect of freehold land and buildings.
 

 

CK Property Investments & Lettings Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

5

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

7

22,449

12,592

Taxation and social security

 

201

1,962

Accruals and deferred income

 

1,800

2,700

Other creditors

 

146,841

148,449

 

171,291

165,703

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

7

431,190

330,460

6

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary Share Capital of £1 each

100

100

100

100

       

7

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Other borrowings

431,190

330,460

Current loans and borrowings

2024
£

2023
£

Other borrowings

22,449

12,592

 

CK Property Investments & Lettings Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

8

Dividends

2024

2023

£

£

Final dividend of £Nil (2023 - £2,700.00) per ordinary share

-

2,700