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REGISTERED NUMBER: SC444146 (Scotland)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

CAIRN SERVICES (PROPERTIES) LIMITED

CAIRN SERVICES (PROPERTIES) LIMITED (REGISTERED NUMBER: SC444146)

Contents of the Financial Statements
for the Year Ended 31 December 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CAIRN SERVICES (PROPERTIES) LIMITED

Company Information
for the Year Ended 31 December 2024







DIRECTOR: M Farquhar





REGISTERED OFFICE: 5 Carden Place
Aberdeen
AB10 1UT





REGISTERED NUMBER: SC444146 (Scotland)






CAIRN SERVICES (PROPERTIES) LIMITED (REGISTERED NUMBER: SC444146)

Balance Sheet
31 December 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 32,453 41,995
Investment property 5 732,277 732,277
764,730 774,272

CURRENT ASSETS
Debtors 6 14,660 6,137
Cash at bank 37,485 24,274
52,145 30,411
CREDITORS
Amounts falling due within one year 7 121,093 98,755
NET CURRENT LIABILITIES (68,948 ) (68,344 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

695,782

705,928

CREDITORS
Amounts falling due after more than one
year

8

(261,337

)

(282,669

)

PROVISIONS FOR LIABILITIES (6,166 ) (7,979 )
NET ASSETS 428,279 415,280

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 428,278 415,279
428,279 415,280

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.

CAIRN SERVICES (PROPERTIES) LIMITED (REGISTERED NUMBER: SC444146)

Balance Sheet - continued
31 December 2024


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 19 May 2025 and were signed by:





M Farquhar - Director


CAIRN SERVICES (PROPERTIES) LIMITED (REGISTERED NUMBER: SC444146)

Notes to the Financial Statements
for the Year Ended 31 December 2024


1. STATUTORY INFORMATION

Cairn Services (Properties) Limited 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.
Plant and machinery - 20% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

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

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

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

CAIRN SERVICES (PROPERTIES) LIMITED (REGISTERED NUMBER: SC444146)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024


4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 January 2024 - 7,752 66,995 74,747
Additions 1,196 - - 1,196
At 31 December 2024 1,196 7,752 66,995 75,943
DEPRECIATION
At 1 January 2024 - 7,752 25,000 32,752
Charge for year 239 - 10,499 10,738
At 31 December 2024 239 7,752 35,499 43,490
NET BOOK VALUE
At 31 December 2024 957 - 31,496 32,453
At 31 December 2023 - - 41,995 41,995

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2024
and 31 December 2024 732,277
NET BOOK VALUE
At 31 December 2024 732,277
At 31 December 2023 732,277

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 14,660 6,137

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 21,332 21,332
Trade creditors 3,012 92
Taxation and social security 56,205 51,701
Other creditors 40,544 25,630
121,093 98,755

CAIRN SERVICES (PROPERTIES) LIMITED (REGISTERED NUMBER: SC444146)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 261,337 282,669

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 282,669 304,001

The bank loans are secured by fixed and floating charges over the assets of the company.

10. ULTIMATE CONTROLLING PARTY

The controlling party is M Farquhar.