REGISTERED NUMBER: SC320210 (Scotland)

Financial Statements for the Year Ended 31 December 2024

for

CELURCA INVESTMENTS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

P J Stuart

REGISTERED OFFICE:

1 Rosehill Road

Montrose

Angus

DD10 8ST

REGISTERED NUMBER:

SC320210 (Scotland)

ACCOUNTANTS:

Account Tax Ltd

Chartered Certified Accountants

12 Traill Drive

Montrose

Angus

DD10 8SW

FIXED ASSETS

Tangible assets

4

598

797

CURRENT ASSETS

Debtors

5

7,308

8,990

Investments

6

1,436,474

1,291,970

Cash at bank

648,063

780,172

2,091,845

2,081,132

CREDITORS

Amounts falling due within one year

7

6,641

1,249

NET CURRENT ASSETS

2,085,204

2,079,883

TOTAL ASSETS LESS CURRENT LIABILITIES

2,085,802

2,080,680

CAPITAL AND RESERVES

Called up share capital

53,000

53,000

Retained earnings

2,032,802

2,027,680

SHAREHOLDERS' FUNDS

2,085,802

2,080,680

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 director acknowledges his 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 Profit & Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 16 April 2025 and were signed by:

P J Stuart - Director

1.	STATUTORY INFORMATION

Celurca Investments Ltd 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.

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

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Taxation

Taxation for the year comprises current tax. Tax is recognised in the Profit & Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current tax is recognised at the amount of tax payable using the tax rates and laws that that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is immaterial and is therefore not recognised.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 January 2024

and 31 December 2024

12,166

1,023

13,189

DEPRECIATION

At 1 January 2024

11,369

1,023

12,392

Charge for year

199

-

199

At 31 December 2024

11,568

1,023

12,591

NET BOOK VALUE

At 31 December 2024

598

-

598

At 31 December 2023

797

-

797

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

7,308

8,990

6.	CURRENT ASSET INVESTMENTS

2024

2023

£

£

Loan Notes

555,000

445,000

Listed investments

782,726

748,222

MFC Share Capital

98,748

98,748

1,436,474

1,291,970

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Taxation and social security

3,414

(2,110

)

Other creditors

3,227

3,359

6,641

1,249

8.	RELATED PARTY DISCLOSURES

During the year, total dividends of £130,305 were paid to the director .

The company was under the control of P Stuart throughout the current and previous year. P Stuart is the managing director.

During the year the company repaid the director £314 and further advanced £312. As at 31 December 2024 included within other creditors is a balance outstanding due to the director of £312 (2023 - £314). No interest was paid on this loan.

During the year the company advanced a loan of £110,000 to Amplified Global, a company owned and controlled in part by J Stuart, son of P Stuart. This is a non-interest bearing loan.

During the year the company increased investment in Amplified Global, a company owned and controlled in part by J Stuart, son of P Stuart. As at 31 December 2024 included within investments is a total investment of £106,033 (2023 - £74,256).