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COMPANY REGISTRATION NUMBER: SC115143
Strathtay Limited
Filleted Unaudited Financial Statements
31 July 2024
Strathtay Limited
Statement of Financial Position
31 July 2024
2024
2023
Note
£
£
£
Fixed assets
Tangible assets
4
2
2
Investments
5
783,596
707,592
---------
---------
783,598
707,594
Current assets
Debtors
6
133,714
132,483
Cash at bank and in hand
116,275
171,481
---------
---------
249,989
303,964
Creditors: amounts falling due within one year
7
2,760
2,515
---------
---------
Net current assets
247,229
301,449
------------
------------
Total assets less current liabilities
1,030,827
1,009,043
------------
------------
Net assets
1,030,827
1,009,043
------------
------------
Capital and reserves
Called up share capital
200,000
200,000
Fair value reserve
8
149,070
141,526
Profit and loss account
8
681,757
667,517
------------
------------
Shareholders funds
1,030,827
1,009,043
------------
------------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Strathtay Limited
Statement of Financial Position (continued)
31 July 2024
These financial statements were approved by the board of directors and authorised for issue on 10 April 2025 , and are signed on behalf of the board by:
Mr A J Moore
Director
Company registration number: SC115143
Strathtay Limited
Notes to the Financial Statements
Year ended 31 July 2024
1. General information
The company is a private company limited by shares, registered in Scotland. The address of the registered office is Ardoch Cottage, Smiddy Brae, Braco, Dunblane, Perth & Kinross, FK15 9QQ.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Corporation and deferred tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fishing rights
-
10% straight line
Equipment
-
25% straight line
Investments
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Financial instruments
4. Tangible assets
Plant and machinery
Equipment
Total
£
£
£
Cost
At 1 August 2023 and 31 July 2024
51,000
13,239
64,239
--------
--------
--------
Depreciation
At 1 August 2023 and 31 July 2024
50,999
13,238
64,237
--------
--------
--------
Carrying amount
At 31 July 2024
1
1
2
--------
--------
--------
At 31 July 2023
1
1
2
--------
--------
--------
5. Investments
Other investments other than loans
£
Valuation
At 1 August 2023
707,592
Additions
211,929
Disposals
( 163,436)
Fair Value adjustment
27,511
---------
At 31 July 2024
783,596
---------
Impairment
At 1 August 2023 and 31 July 2024
---------
Carrying amount
At 31 July 2024
783,596
---------
At 31 July 2023
707,592
---------
Investments held at valuation
In respect of investments held at valuation, the aggregate cost, depreciation and comparable carrying amount that would have been recognised if the assets had been carried under the historical cost model are as follows:
Other investments other than loans
£
At 31 July 2024
Aggregate cost
634,159
Aggregate depreciation
---------
Carrying value
634,159
---------
At 31 July 2023
Aggregate cost
565,700
Aggregate depreciation
---------
Carrying value
565,700
---------
6. Debtors
2024
2023
£
£
Other debtors
133,714
132,483
---------
---------
7. Creditors: amounts falling due within one year
2024
2023
£
£
Other creditors
2,760
2,515
-------
-------
8. Reserves
The Profit and loss account reserve records retained earnings and accumulated losses. The Fair value reserve records the value of asset revaluations and fair value movements on assets recognised in other comprehensive income. The Fair value reserve is undistributable.
9. Transactions with directors
The company is owned by the directors. At the year end, the directors were due the company £100,448 (2023 - £100,461). Interest at the market rate is charged on these loans. Alexander J Moore & Sarah M Hearns are brother and sister and hold a majority of the shares in Strathtay Limited therefore between them they have control of Strathtay Limited Alexander J Moore owns 100% of Perthshire Green Heat Limited, therefore has control of the company Alexander J Moore has control of both companies therefore they are associated companies for tax purposes