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COMPANY REGISTRATION NUMBER: SC361935
Cargill Property Consultants Limited
Filleted Unaudited Financial Statements
31 August 2024
Cargill Property Consultants Limited
Financial Statements
Year ended 31 August 2024
Contents
Page
Chartered accountants report to the director on the preparation of the unaudited statutory financial statements
1
Statement of financial position
2
Notes to the financial statements
3
Cargill Property Consultants Limited
Chartered Accountants Report to the Director on the Preparation of the Unaudited Statutory Financial Statements of Cargill Property Consultants Limited
Year ended 31 August 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Cargill Property Consultants Limited for the year ended 31 August 2024, which comprise the statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at www.icas.com/accountspreparationguidance. This report is made solely to the director of Cargill Property Consultants Limited. Our work has been undertaken solely to prepare for your approval the financial statements of Cargill Property Consultants Limited and state those matters that we have agreed to state to you in this report in accordance with the requirements of ICAS as detailed at www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Cargill Property Consultants Limited and its director for our work or for this report.
It is your duty to ensure that Cargill Property Consultants Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Cargill Property Consultants Limited. You consider that Cargill Property Consultants Limited is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the financial statements of Cargill Property Consultants Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
GILLILAND & COMPANY Chartered Accountants
216 West George Street Glasgow G2 2PQ
23 May 2025
Cargill Property Consultants Limited
Statement of Financial Position
31 August 2024
2024
2023
Note
£
£
£
Fixed assets
Tangible assets
5
1,605
2,025
Current assets
Debtors
6
8,534
2,417
Cash at bank and in hand
77,906
75,239
--------
--------
86,440
77,656
Creditors: amounts falling due within one year
7
34,311
29,313
--------
--------
Net current assets
52,129
48,343
--------
--------
Total assets less current liabilities
53,734
50,368
--------
--------
Net assets
53,734
50,368
--------
--------
Capital and reserves
Called up share capital
1
1
Profit and loss account
53,733
50,367
--------
--------
Shareholders funds
53,734
50,368
--------
--------
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 income and retained earnings has not been delivered.
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.
Director's 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 23 May 2025 , and are signed on behalf of the board by:
Mr J Grewar
Director
Company registration number: SC361935
Cargill Property Consultants Limited
Notes to the Financial Statements
Year ended 31 August 2024
1. General information
The company is a private company limited by shares, registered in Scotland. The address of the registered office is 216 West George Street, Glasgow, G2 2PQ.
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.
Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investment that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current tax. 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.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated 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:
Equipment
-
33% straight line
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, 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.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2023: 1 ).
5. Tangible assets
Fixtures and fittings
Equipment
Total
£
£
£
Cost
At 1 September 2023 and 31 August 2024
1,040
4,015
5,055
-------
-------
-------
Depreciation
At 1 September 2023
3,030
3,030
Charge for the year
420
420
-------
-------
-------
At 31 August 2024
3,450
3,450
-------
-------
-------
Carrying amount
At 31 August 2024
1,040
565
1,605
-------
-------
-------
At 31 August 2023
1,040
985
2,025
-------
-------
-------
6. Debtors
2024
2023
£
£
Trade debtors
6,367
1,867
Other debtors
2,167
550
-------
-------
8,534
2,417
-------
-------
7. Creditors: amounts falling due within one year
2024
2023
£
£
Corporation tax
24,963
18,125
Social security and other taxes
6,052
4,500
Other creditors
3,296
6,688
--------
--------
34,311
29,313
--------
--------
8. Director's advances, credits and guarantees
As at 31st August 2024 the company owed Mr J Grewar , director £2,041 (2023: £5,433). This loan is interest free and has no fixed date of repayment.
9. Controlling party
The company was under the control of Mr J Grewar throughout the period.