| Registered Number:SC658337 |
For the year ended 31 March 2025
Scotland
Unaudited Financial Statements
For the year ended 31 March 2025
Carabas Investments Ltd
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
Carabas Investments Ltd
Statement of Financial Position
2024
2025
2
130,000
130,000
73,385
73,385
3
203,385
203,385
| Trade and other receivables |
191
204
4
1,419
| Cash and cash equivalents |
4,667
4,871
1,610
| Trade and other payables: amounts falling due within one year |
(1,147)
(1,373)
5
463
3,498
Net current assets
| Total assets less current liabilities |
206,883
203,848
| Trade and other payables: amounts falling due after more than |
| one year |
(111,397)
(114,021)
6
(5,232)
(5,232)
| Provisions for liabilities |
87,630
Net assets
87,219
10,000
10,000
20,928
20,928
56,702
56,291
87,630
87,219
Shareholders' funds
| For the year ended 31 March 2025 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies. |
| The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006 |
| The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
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For the year ended 31 March 2025
Carabas Investments Ltd
Statement of Financial Position Continued
| Mrs Kay Cunningham Director |
| These financial statements were approved and authorised for issue by the Board on 09 July 2025 and were signed by: |
| The notes form part of these financial statements |
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For the year ended 31 March 2025
Carabas Investments Ltd
Notes to the Financial Statements
Statutory Information
| Carabas Investments Ltd is a private limited company, limited by shares, domiciled in Scotland, registration number SC658337. |
| Principal place of business: |
3 Lendal Cottages
Lendalfoot
Girvan
KA26 0JP
223 Ayr Road
Newton Mearns
Glasgow
G77 6AH
| The presentation currency is £ sterling. |
Basis of preparing the financial statements
| These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting |
| Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. |
| There were no material departures from that standard. |
| The financial statements have been prepared under the historical costs convention as modified by the revaluation of certain |
| assets to fair value where required. |
Revenue recognition
Turnover represents rents receivable.
Investment property
| Investment property is shown at most recent valuation. The property was revalued by the directors on 31st March 2024. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. Deferred tax is provided on these gains at the rate expected to apply when the property is sold. |
Deferred tax
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference. |
Financial Instruments
| The Company has elected to apply the provisions of Section 11 "Basic Financial Instruments" and Section 12 "Other Financial |
| Instruments Issues" of FRS 102 to all of its financial instruments. |
| Financial instruments are recognised in the company's statement of financial position when the company becomes party to |
| the contractual provisions of a financial instrument. |
| Basic financial instruments, including trade and other receivables, cash and bank balances, trade and other payables, bank |
| and other loans are initially measured at transaction price and subsequently carried at amortised cost. Financial assets and |
| liabilities classified as receivable/payable within one year are not amortised. |
| Investments in non-convertable preference and non-puttable ordinary shares are measured at cost less impairment in the first |
| year and subsequently at fair value, with changes recognised in profit or loss. |
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For the year ended 31 March 2025
Carabas Investments Ltd
Notes to the Financial Statements Continued
130,000
130,000
130,000
130,000
| If Investment property was not revalued, it would be included at a cost of £103,840. Investment property was revalued by the directors at 31st March 2025. Taxation on a potential gain if investment property was sold at valuation (for which provision has been made) is approximately £5,200. |
| 3. Investments held as fixed assets |
73,385
73,385
73,385
73,385
73,385
73,385
73,385
73,385
The company owns a share investment in NGVP Cloud FIL SPV 1 Ltd at a cost of £73,385.
| 4. Trade and other receivables |
2024
2025
204
191
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For the year ended 31 March 2025
Carabas Investments Ltd
Notes to the Financial Statements Continued
| 5. Trade and other payables: amounts falling due within one year |
2024
2025
| Taxation and social security |
227
-
1,146
1,147
1,373
1,147
| 6. Trade and other payables: amounts falling due after more than one year |
2024
2025
114,021
111,397
| The directors are owed £114,021 from the Company at 31st March 2025. This loan is non interest bearing and there are no fixed repayment terms. |
| 7. Related party transactions |
| Mr Daniel Cunningham, Miss Sarahjane Scobie, Mrs Kay Cunningham and Mr Daniel Cunningham Snr are the Company's |
| controlling parties. |
| 8. Average number of persons employed |
During the year the average number of employees was 4 (2024 : 4)
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