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REGISTERED NUMBER: SC689400 (Scotland)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

CORRAN (ST ANDREWS) LTD

CORRAN (ST ANDREWS) LTD (REGISTERED NUMBER: SC689400)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 March 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CORRAN (ST ANDREWS) LTD

COMPANY INFORMATION
for the year ended 31 March 2025







DIRECTOR: N S Ball





REGISTERED OFFICE: 18 Charlotte Square
Edinburgh
EH2 4DF





REGISTERED NUMBER: SC689400 (Scotland)





ACCOUNTANTS: Haines Watts
Business Advisors and Accountants
Q Court
3 Quality Street
Edinburgh
EH4 5BP

CORRAN (ST ANDREWS) LTD (REGISTERED NUMBER: SC689400)

BALANCE SHEET
31 March 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,006 7,844
Investment property 5 700,000 700,000
705,006 707,844

CURRENT ASSETS
Debtors 6 31 -
Cash at bank 60,024 43,077
60,055 43,077
CREDITORS
Amounts falling due within one year 7 2,040 741,367
NET CURRENT ASSETS/(LIABILITIES) 58,015 (698,290 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

763,021

9,554

PROVISIONS FOR LIABILITIES 8 16,592 12,627
NET ASSETS/(LIABILITIES) 746,429 (3,073 )

CAPITAL AND RESERVES
Called up share capital 1 1
Capital contribution 9 772,386 -
Fair value reserve 9 46,020 49,701
Retained earnings 9 (71,978 ) (52,775 )
SHAREHOLDERS' FUNDS 746,429 (3,073 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

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 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.

CORRAN (ST ANDREWS) LTD (REGISTERED NUMBER: SC689400)

BALANCE SHEET - continued
31 March 2025


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 21 July 2025 and were signed by:





N S Ball - Director


CORRAN (ST ANDREWS) LTD (REGISTERED NUMBER: SC689400)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2025

1. STATUTORY INFORMATION

Corran (St Andrews) Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

TURNOVER
Turnover is measured at the fair value of the consideration received or receivable in relation to property letting.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 20% per annum on cost
Fixtures and fittings - 20% per annum on cost

IMPAIRMENT OF ASSETS
At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in profit or loss.

If an impairment loss subsequently reverses, the carry amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss.

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.

CORRAN (ST ANDREWS) LTD (REGISTERED NUMBER: SC689400)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2025

2. ACCOUNTING POLICIES - continued

FINANCIAL INSTRUMENTS
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in the case of an out-right short-term loan not at market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of comprehensive income.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract

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 1 (2024 - 1 ) .

CORRAN (ST ANDREWS) LTD (REGISTERED NUMBER: SC689400)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2025

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 April 2024 547 18,207 18,754
Additions - 1,053 1,053
At 31 March 2025 547 19,260 19,807
DEPRECIATION
At 1 April 2024 53 10,857 10,910
Charge for year 109 3,782 3,891
At 31 March 2025 162 14,639 14,801
NET BOOK VALUE
At 31 March 2025 385 4,621 5,006
At 31 March 2024 494 7,350 7,844

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2024
and 31 March 2025 700,000
NET BOOK VALUE
At 31 March 2025 700,000
At 31 March 2024 700,000

Fair value at 31 March 2025 is represented by:
£   
Valuation in 2024 61,359
Cost 638,641
700,000

If investment property had not been revalued it would have been included at the following historical cost:

2025 2024
£    £   
Cost 638,641 638,641

Investment property was valued on an open market basis on 31 March 2025 by the director .

CORRAN (ST ANDREWS) LTD (REGISTERED NUMBER: SC689400)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2025

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Other debtors 31 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Taxation and social security - 4,410
Other creditors 2,040 736,957
2,040 741,367

8. PROVISIONS FOR LIABILITIES
2025 2024
£    £   
Deferred tax 16,592 12,627

Deferred
tax
£   
Balance at 1 April 2024 12,627
Charge to Income Statement during year 3,965
Balance at 31 March 2025 16,592

9. RESERVES

The capital contribution reserve arose as a result of the forgiveness of a debt by the parent company of amounts owed to it by the Company.

10. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

The ultimate parent company is Corran Properties Limited whose registered office is at 18 Charlotte Square,
Edinburgh, EH2 4DF.