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Unaudited Financial Statements for the Year Ended 30 November 2024

for

Craiglea Apartments Limited

Craiglea Apartments Limited (Registered number: SC613812)






Contents of the Financial Statements
for the Year Ended 30 November 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Craiglea Apartments Limited

Company Information
for the Year Ended 30 November 2024







DIRECTORS: Ms A H Sutherland
C I Thomson





SECRETARY: Ms A H Sutherland





REGISTERED OFFICE: Craiglea Heather
Main Street
Killin
FK21 8UN





REGISTERED NUMBER: SC613812 (Scotland)





ACCOUNTANTS: LMC Accountants Ltd
Chartered Accountants
73 Stirling Business Centre
Wellgreen Place
Stirling
FK8 2DZ

Craiglea Apartments Limited (Registered number: SC613812)

Balance Sheet
30 November 2024

30.11.24 30.11.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 184,973 185,290

CURRENT ASSETS
Debtors 5 300 5,250
Cash at bank 12,334 11,653
12,634 16,903
CREDITORS
Amounts falling due within one year 6 167,445 180,536
NET CURRENT LIABILITIES (154,811 ) (163,633 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

30,162

21,657

CREDITORS
Amounts falling due after more than one year 7 1,133 1,933
NET ASSETS 29,029 19,724

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 28,929 19,624
SHAREHOLDERS' FUNDS 29,029 19,724

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Craiglea Apartments Limited (Registered number: SC613812)

Balance Sheet - continued
30 November 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 Board of Directors and authorised for issue on 3 June 2025 and were signed on its behalf by:





Ms A H Sutherland - Director


Craiglea Apartments Limited (Registered number: SC613812)

Notes to the Financial Statements
for the Year Ended 30 November 2024

1. STATUTORY INFORMATION

Craiglea Apartments 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 etc - 25% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

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

Craiglea Apartments Limited (Registered number: SC613812)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 December 2023
and 30 November 2024 184,023 8,413 192,436
DEPRECIATION
At 1 December 2023 - 7,146 7,146
Charge for year - 317 317
At 30 November 2024 - 7,463 7,463
NET BOOK VALUE
At 30 November 2024 184,023 950 184,973
At 30 November 2023 184,023 1,267 185,290

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Trade debtors 300 5,250

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Bank loans and overdrafts 800 800
Trade creditors (1 ) 1
Taxation and social security 2,928 1,252
Other creditors 163,718 178,483
167,445 180,536

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.24 30.11.23
£    £   
Bank loans 1,133 1,933

Craiglea Apartments Limited (Registered number: SC613812)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 November 2024 and 30 November 2023:

30.11.24 30.11.23
£    £   
C I Thomson
Balance outstanding at start of year (88,711 ) (94,750 )
Amounts advanced 7,419 6,039
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (81,292 ) (88,711 )

Ms A H Sutherland
Balance outstanding at start of year (88,723 ) (94,762 )
Amounts advanced 7,419 6,039
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (81,304 ) (88,723 )