0 true false false false false false false false false false true false false false false false false No description of principal activity 2024-01-01 Sage Accounts Production Advanced 2023 - FRS102_2023 660,000 660,000 660,000 xbrli:pure xbrli:shares iso4217:GBP SC217249 2024-01-01 2024-12-31 SC217249 2024-12-31 SC217249 2023-12-31 SC217249 2023-01-01 2023-12-31 SC217249 2023-12-31 SC217249 2022-12-31 SC217249 bus:Director2 2024-01-01 2024-12-31 SC217249 bus:Director3 2024-01-01 2024-12-31 SC217249 core:WithinOneYear 2024-12-31 SC217249 core:WithinOneYear 2023-12-31 SC217249 core:AfterOneYear 2024-12-31 SC217249 core:AfterOneYear 2023-12-31 SC217249 core:ShareCapital 2024-12-31 SC217249 core:ShareCapital 2023-12-31 SC217249 core:RevaluationReserve 2024-12-31 SC217249 core:RevaluationReserve 2023-12-31 SC217249 core:RetainedEarningsAccumulatedLosses 2024-12-31 SC217249 core:RetainedEarningsAccumulatedLosses 2023-12-31 SC217249 bus:SmallEntities 2024-01-01 2024-12-31 SC217249 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 SC217249 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 SC217249 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 SC217249 bus:FullAccounts 2024-01-01 2024-12-31 SC217249 core:InvestmentPropertyIncludedWithinPPE 2024-12-31 SC217249 core:InvestmentPropertyIncludedWithinPPE 2023-12-31
COMPANY REGISTRATION NUMBER: SC217249
Cnoc an Ro-Aire Properties Limited
Filleted Unaudited Financial Statements
For the year ended
31 December 2024
Cnoc an Ro-Aire Properties Limited
Financial Statements
Year ended 31 December 2024
Contents
Page
Statement of financial position
1
Notes to the financial statements
3
Cnoc an Ro-Aire Properties Limited
Statement of Financial Position
31 December 2024
2024
2023
Note
£
£
£
Fixed assets
Tangible assets
4
660,000
660,000
Current assets
Debtors
5
1,237
2,269
Cash at bank and in hand
11,570
23,460
--------
--------
12,807
25,729
Creditors: amounts falling due within one year
6
44,298
44,628
--------
--------
Net current liabilities
31,491
18,899
---------
---------
Total assets less current liabilities
628,509
641,101
Creditors: amounts falling due after more than one year
7
155,046
186,221
Provisions
Taxation including deferred tax
28,941
28,941
---------
---------
Net assets
444,522
425,939
---------
---------
Capital and reserves
Called up share capital
82,000
82,000
Revaluation reserve
112,786
112,786
Profit and loss account
249,736
231,153
---------
---------
Shareholders funds
444,522
425,939
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Cnoc an Ro-Aire Properties Limited
Statement of Financial Position (continued)
31 December 2024
These financial statements were approved by the board of directors and authorised for issue on 27 August 2025 , and are signed on behalf of the board by:
A D Wilson
S F Carruthers
Director
Director
Company registration number: SC217249
Cnoc an Ro-Aire Properties Limited
Notes to the Financial Statements
Year ended 31 December 2024
1. General information
The company is a private company limited by shares, registered in Scotland. The address of the registered office is Unit 4, 34 Atholl Road, Pitlochry, PH16 5BX.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
The turnover shown in the profit and loss account represents income from property rents. Rental income is recognised when due.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting 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.
Investment property
Investment property is included at fair value. Any gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. Tangible assets
Investment property
£
Cost
At 1 January 2024 and 31 December 2024
660,000
---------
Depreciation
At 1 January 2024 and 31 December 2024
---------
Carrying amount
At 31 December 2024
660,000
---------
At 31 December 2023
660,000
---------
Tangible assets held at valuation
The investment properties were valued at open market value by Graham & Sibbald, Chartered Surveyors, in February 2024 at a value of £660,000. The directors believe this valuation represents their fair value as at 31 December 2024.
5. Debtors
2024
2023
£
£
Trade debtors
240
1,318
Other debtors
997
951
-------
-------
1,237
2,269
-------
-------
6. Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
24,759
23,600
Social security and other taxes
7,124
8,833
Other creditors
12,415
12,195
--------
--------
44,298
44,628
--------
--------
7. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
155,046
186,221
---------
---------
The Clydesdale bank holds Standard Securities over the land and property at 34 Atholl Road.
Included within creditors: amounts falling due after more than one year is an amount of £56,005 (2023: £91,818) in respect of liabilities payable or repayable by instalments which fall due for payment after more than five years from the reporting date.
8. Directors' advances, credits and guarantees
There were no director advances, credits or guarantees undertaken during the year which require to be disclosed under FRS 102 1A.
9. Employee numbers
The average number of employees during the period was 0, (2023 - 0).