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REGISTERED NUMBER: SC273414 (Scotland)















Unaudited Financial Statements for the Year Ended 30 September 2024

for

Ochil Tower Co-Worker Retirement Trust
Limited

Ochil Tower Co-Worker Retirement Trust
Limited (Registered number: SC273414)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Ochil Tower Co-Worker Retirement Trust
Limited

Company Information
for the Year Ended 30 September 2024







DIRECTORS: W A Nicol
J M Cursiter
Mrs L Wray
Mrs L Tobin





REGISTERED OFFICE: 17-21 East Mayfield
Edinburgh
EH9 1SE





REGISTERED NUMBER: SC273414 (Scotland)





ACCOUNTANTS: Helen Lowe Ltd
17/21 East Mayfield
Edinburgh
Lothian
EH9 1SE

Ochil Tower Co-Worker Retirement Trust
Limited (Registered number: SC273414)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 510,000 510,000
Investments 5 3,434,036 3,154,382
3,944,036 3,664,382

CURRENT ASSETS
Debtors 6 109,522 207,427
Cash at bank 24,429 -
133,951 207,427
CREDITORS
Amounts falling due within one year 7 18,566 49,083
NET CURRENT ASSETS 115,385 158,344
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,059,421

3,822,726

PROVISIONS FOR LIABILITIES 223,824 176,289
NET ASSETS 3,835,597 3,646,437

RESERVES
Capital reserve 8 2,503,861 2,503,861
Income and expenditure account 8 1,331,736 1,142,576
3,835,597 3,646,437

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 surplus or deficit 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.

Ochil Tower Co-Worker Retirement Trust
Limited (Registered number: SC273414)

Balance Sheet - continued
30 September 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 25 June 2025 and were signed on its behalf by:





W A Nicol - Director


Ochil Tower Co-Worker Retirement Trust
Limited (Registered number: SC273414)

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

1. STATUTORY INFORMATION

Ochil Tower Co-Worker Retirement Trust Limited is a private company, limited by guarantee , 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 as modified by the revaluation of certain assets.

Tangible fixed assets
The company's fixed assets consist entirely of residential properties. No depreciation has been charged on such properties due to their long economic life. Any depreciation is nil or negligible when this lifespan and residual value is considered.

Investments
Investments are included in the financial statements at market value. Realised and unrealised gains and realised and unrealised losses are taken to the Profit and Loss Account.

Turnover
Turnover represents dividends and interest received and receivable.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST OR VALUATION
At 1 October 2023
and 30 September 2024 510,000
NET BOOK VALUE
At 30 September 2024 510,000
At 30 September 2023 510,000

Cost or valuation at 30 September 2024 is represented by:

Land and
buildings
£   
Valuation in 2017 510,000

Ochil Tower Co-Worker Retirement Trust
Limited (Registered number: SC273414)

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

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 October 2023 3,154,382
Additions 166,197
Disposals (360,666 )
Revaluations 381,526
Change in cash held 92,597
At 30 September 2024 3,434,036
NET BOOK VALUE
At 30 September 2024 3,434,036
At 30 September 2023 3,154,382


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Corporation Tax recoverable 4,189 4,189
Other debtors 105,333 203,238
109,522 207,427

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Accrued expenses 6,481 6,314
Other creditors 12,085 42,769
18,566 49,083

8. RESERVES
Income
and
expenditure Capital
account reserve Totals
£    £    £   

At 1 October 2023 1,142,576 2,503,861 3,646,437
Surplus for the year 189,160 189,160
At 30 September 2024 1,331,736 2,503,861 3,835,597