Carsyth Holdings Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: SC513335

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		116,050		133,744

			116,050		133,744
CURRENT ASSETS
Debtors	5	201		1,569
Cash at bank and in hand		7,736		7,928

		7,937		9,497
Creditors: Amounts Falling Due Within One Year	6	(131,146 )		(144,201 )

NET CURRENT ASSETS (LIABILITIES)			(123,209 )		(134,704 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(7,159 )		(960 )

NET LIABILITIES			(7,159 )		(960 )

CAPITAL AND RESERVES
Called up share capital	7		10		10
Profit and Loss Account			(7,169 )		(970 )

SHAREHOLDERS' FUNDS			(7,159)		(960)

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Carsyth Holdings Limited

Balance Sheet (continued)

As At 31 August 2024

For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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

The director acknowledges his 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 I G Craig

Director

24 May 2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Carsyth Holdings Limited is a private company, limited by shares, incorporated in Scotland, registered number SC513335 . The registered office is 3 Maurice Place, Edinburgh, EH9 3EP.

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

The director has carried out an assessment of the going concern position of the Company, including consideration of the company's net liability position. With due consideration of the current economic situation in the UK and beyond, and with their continued support, the director has concluded that they have a reasonable expectation that the Company has adequate access to resources to meet debts as they fall due for a period of at least 12 months. Accordingly, they continue to adopt the going concern basis in preparing these financial statements.

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.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

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:

Plant & Machinery	15% straight line
Motor Vehicles	20% reducing balance

2.5. Investment Properties

All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.

3. Average Number of Employees

Average number of employees, including directors, during the year was: NIL (2023: NIL)

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Carsyth Holdings Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2024

4. Tangible Assets

	Investment Properties	Plant & Machinery	Motor Vehicles	Total
	£	£	£	£
Cost
As at 1 September 2023	116,050	2,700	21,119	139,869
Disposals	-	(2,700 )	(21,119 )	(23,819 )

As at 31 August 2024	116,050	-	-	116,050

Depreciation
As at 1 September 2023	-	1,620	4,505	6,125
Provided during the period	-	203	-	203
Disposals	-	(1,823 )	(4,505 )	(6,328 )

As at 31 August 2024	-	-	-	-

Net Book Value
As at 31 August 2024	116,050	-	-	116,050

As at 1 September 2023	116,050	1,080	16,614	133,744

5. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	-	1,200
Prepayments and accrued income	-	369
Other taxes and social security	201	-

	201	1,569

6. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
VAT	1,003	208
Other creditors	3,000	4,000
Accruals and deferred income	700	550
Director's loan account	126,443	139,443

	131,146	144,201

7. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	10	10

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