Cairnswell Limited 31/12/2024 iXBRL

Company registration number: 05813295

Cairnswell Limited

Unaudited filleted financial statements

31 December 2024

Cairnswell Limited

Contents

Directors and other information

Statement of financial position

Notes to the financial statements

Cairnswell Limited

Directors and other information


	Directors	Mr I Fraser
		Mrs F Fraser


	Secretary	Mrs F Fraser


	Company number	05813295


	Registered office	65 Upper Street
		London
		N1 0NY

Cairnswell Limited

Statement of financial position

31 December 2024

		2024		2023
	Note	£	£	£	£

Fixed assets
Intangible assets	5	-		-
Tangible assets	6	29,284		1,281
		_______		_______
			29,284		1,281

Current assets
Debtors	7	421,827		177,528
Cash at bank and in hand		29,083		160,680
		_______		_______
		450,910		338,208
Creditors: amounts falling due
within one year	8	( 354,693)		( 321,409)
		_______		_______
Net current assets			96,217		16,799
			_______		_______
Total assets less current liabilities			125,501		18,080

Creditors: amounts falling due
after more than one year	9		( 123,539)		( 17,616)
			_______		_______
Net assets			1,962		464
			_______		_______

Capital and reserves
Called up share capital			100		100
Profit and loss account			1,862		364
			_______		_______
Shareholders funds			1,962		464
			_______		_______

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.

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 income and retained earnings has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 11 August 2025 , and are signed on behalf of the board by:

Mr I Fraser

Director

Company registration number: 05813295

Cairnswell 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 England and Wales. The address of the registered office is 65 Upper Street, London, N1 0NY.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for services rendered, net of discounts and Value Added Tax.

Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, 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.

No provision for deferred taxation has been provided for in the financial statements, due to the amount not being material.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:


Goodwill	-	33.33 %	straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


Short leasehold property	-	Straight line over the life of the lease
Fittings fixtures and equipment	-	25 %	straight line
Motor vehicles	-	20 %	straight line

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Impairment

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.

Financial instruments

A financial asset or a financial liability is recognised only when the company 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.

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.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 25 (2023: 21 ).

5. Intangible assets

	Goodwill	Total
	£	£
Cost
At 1 January 2024 and 31 December 2024	88,236	88,236
	_______	_______
Amortisation
At 1 January 2024 and 31 December 2024	88,236	88,236
	_______	_______
Carrying amount
At 31 December 2024	-	-
	_______	_______
At 31 December 2023	-	-
	_______	_______

6. Tangible assets

	Short leasehold property	Fixtures, fittings and equipment	Motor vehicles	Total
	£	£	£	£
Cost
At 1 January 2024	2,645	76,358	28,049	107,052
Additions	23,379	11,628	-	35,007
	_______	_______	_______	_______
At 31 December 2024	26,024	87,986	28,049	142,059
	_______	_______	_______	_______
Depreciation
At 1 January 2024	2,645	75,077	28,049	105,771
Charge for the year	3,340	3,664	-	7,004
	_______	_______	_______	_______
At 31 December 2024	5,985	78,741	28,049	112,775
	_______	_______	_______	_______
Carrying amount
At 31 December 2024	20,039	9,245	-	29,284
	_______	_______	_______	_______
At 31 December 2023	-	1,281	-	1,281
	_______	_______	_______	_______

7. Debtors

	2024	2023
	£	£
Trade debtors	35,706	50,035
Other debtors	386,121	127,493
	_______	_______
	421,827	177,528
	_______	_______

8. Creditors: amounts falling due within one year

	2024	2023
	£	£
Bank loans and overdrafts	79,672	10,000
Trade creditors	36,977	38,312
Corporation tax	40,594	92,954
Social security and other taxes	189,633	166,178
Other creditors	7,817	13,965
	_______	_______
	354,693	321,409
	_______	_______

9. Creditors: amounts falling due after more than one year

	2024	2023
	£	£
Bank loans and overdrafts	123,539	17,616
	_______	_______

10. Operating leases

The company as lessee

The total future minimum lease payments under non-cancellable operating leases are as follows:


	£	£

Not later than 1 year	109,999	91,153
Later than 1 year and not later than 5 years	317,121	14,804
	_______	_______
	427,120	105,957
	_______	_______

11. Directors advances, credits and guarantees

	During the year the directors entered into the following advances and credits with the company:

2024
		Balance brought forward	Advances /(credits) to the directors	Balance o/standing
		£	£	£
	Mr I Fraser	35,350	19,850	55,200
	Mrs F Fraser	29,050	( 29,050)	-
		_______	_______	_______
		64,400	( 9,200)	55,200
		_______	_______	_______

2023
		Balance brought forward	Advances /(credits) to the directors	Balance o/standing
		£	£	£
	Mr I Fraser	-	35,350	35,350
	Mrs F Fraser	-	29,050	29,050
		_______	_______	_______
		-	64,400	64,400
		_______	_______	_______