Candho One Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: SC155908

Candho One Limited

Filleted Unaudited Financial Statements

For the year ended

31 December 2024

Candho One Limited

Statement of Financial Position

31 December 2024

	2024		2023
Note	£	£	£

Fixed assets

Intangible assets	4		98	98

Current assets

Cash at bank and in hand	100		100

Creditors: amounts falling due within one year	5	1,059		686
		-------		----
Net current liabilities			959	586
			----	----
Total assets less current liabilities			( 861)	( 488)
			----	----
Net liabilities			( 861)	( 488)
			----	----

Capital and reserves

Called up share capital	100	100
Profit and loss account	( 961)	( 588)
	----	----
Shareholders deficit	( 861)	( 488)
	----	----

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.

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.

Director's 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 22 August 2025 , and are signed on behalf of the board by:

Mr G P Irvine
Director

Company registration number: SC155908

Candho One 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 27/29 George Street, Bathgate, West Lothian, EH48 1PG.

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

Going concern

The company is supported financially by a loan from Caesar & Howie. This support will continue for the foreseeable future.

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.

4. Intangible assets

	Goodwill
	£
Cost
At 1 January 2024 and 31 December 2024	98
	----
Amortisation
At 1 January 2024 and 31 December 2024	–
	----
Carrying amount
At 31 December 2024	98
	----
At 31 December 2023	98
	----

5. Creditors: amounts falling due within one year

	2024	2023
	£	£
Other creditors	1,059	686
	-------	----

6. Director's advances, credits and guarantees

The company has a client account with Caesar & Howie, a partnership which has 100% ownership and control of Candho One Limited . Mr G Irvine is a director of Candho One Limited and a partner in Caesar & Howie.