COMPANY REGISTRATION NUMBER:
SC781594
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CJ Properties (Lanark) Limited |
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Filleted Unaudited Abridged Financial Statements |
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CJ Properties (Lanark) Limited |
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Abridged Statement of Financial Position (continued) |
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30 September 2024
Capital and reserves
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Called up share capital |
104 |
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Profit and loss account |
2,300 |
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------- |
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Shareholders deficit |
2,196 |
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------- |
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These abridged 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 abridged statement of comprehensive income has not been delivered.
For the period ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The members have not required the company to obtain an audit of its abridged financial statements for the period in question in accordance with section 476
;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements
.
All of the members have consented to the preparation of the abridged statement of comprehensive income and the abridged statement of financial position for the period ending 30 September 2024 in accordance with Section 444(2A) of the Companies Act 2006.
These abridged financial statements were approved by the
board of directors
and authorised for issue on
5 September 2025
, and are signed on behalf of the board by:
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Mr J Prentice |
Mr J Ross |
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Director |
Director |
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Company registration number:
SC781594
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CJ Properties (Lanark) Limited |
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Notes to the Abridged Financial Statements |
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Period from 6 September 2023 to 30 September 2024
1.
General information
The company is a private company limited by shares, registered in Scotland. The address of the registered office is Mechanics Workshop, New Lanark, ML11 9DB.
2.
Statement of compliance
These abridged 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 abridged 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 abridged financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
There are no material uncertainties about the company's ability to continue. The directors have taken steps to ensure there are sufficient funds to meet the company's working capital requirement for the foreseeable future, and still consider the going concern approach to be appropriate.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Investments are measured at cost less impairment.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4.
Employee numbers
The average number of persons employed by the company during the period amounted to nil.
5.
Related party transactions
The company operates a loan account with JHP Transport (Lanark) Ltd, a company controlled by one of the directors. Expenses were recharged by JHP Transport (Lanark) Ltd to
CJ Properties (Lanark) Limited
in the year amounting to £600. The amount owing to JHP Transport (Lanark) Ltd at the balance sheet date was £600. The company also operates a loan account with JHP Aggregate & Decorative Stone Ltd, a partnership controlled by one of the directors. Expenses were recharged by JHP Aggregate & Decorative Stone Ltd to CJ Properties (Lanark) Limited
in the year amounting to £700. The amount owing to JHP Aggregate & Decorative Stone Ltd at the balance sheet date was £700. No interest has been charged by either party and the balances are repayable on demand.