REGISTERED NUMBER: SC383490 (Scotland)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Caithness Investors Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P J Body

Mrs K J Body

REGISTERED OFFICE:

Braemara

Scarfskerry

Thurso

Caithness

KW14 8XW

REGISTERED NUMBER:

SC383490 (Scotland)

ACCOUNTANTS:

Reid & Fraser

Chartered Accountants

15 Princes Street

Thurso

Caithness

KW14 7BQ

FIXED ASSETS

Tangible assets

4

-

-

Investment property

5

310,000

400,000

310,000

400,000

CURRENT ASSETS

Debtors

6

23,871

3,375

Cash at bank

11,722

781

35,593

4,156

CREDITORS

Amounts falling due within one year

7

(20,684

)

(98,963

)

NET CURRENT ASSETS/(LIABILITIES)

14,909

(94,807

)

TOTAL ASSETS LESS CURRENT LIABILITIES

324,909

305,193

PROVISIONS FOR LIABILITIES

(7,396

)

(7,522

)

NET ASSETS

317,513

297,671

CAPITAL AND RESERVES

Called up share capital

2

2

Fair value reserve

8

29,577

30,113

Retained earnings

287,934

267,556

SHAREHOLDERS' FUNDS

317,513

297,671

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 directors acknowledge their 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.

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 Board of Directors and authorised for issue on 26 September 2025 and were signed on its behalf by:

P J Body - Director

1.	STATUTORY INFORMATION

Caithness Investors 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.

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.

TANGIBLE FIXED ASSETS

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

20% straight line

INVESTMENT PROPERTY

Investment properties are initially recognised at cost which includes purchase cost and any directly attributable expenditure.

Investment properties whose fair value can be measured reliably are measured at fair value. Fair value is measured after considering rental yields applicable to the individual investment property. The surplus or deficit on a fair value adjustment is recognised in the income statement in the year. As the fair value adjustment is not a distributable profit, this is transferred to the fair value reserve. Deferred tax is provided on fair value gains at the rate expected to apply when the property is sold and this provision is included within the fair value reserve.

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 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

and 31 March 2025

23,575

DEPRECIATION

At 1 April 2024

and 31 March 2025

23,575

NET BOOK VALUE

At 31 March 2025

-

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

400,000

Disposals

(90,000

)

At 31 March 2025

310,000

NET BOOK VALUE

At 31 March 2025

310,000

At 31 March 2024

400,000

Fair value at 31 March 2025 is represented by:

£

Valuation in 2017

37,635

Cost

272,365

310,000

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

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

23,871

3,375

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

-

78

Corporation tax

17,739

5,212

Other creditors

2,945

93,673

20,684

98,963

8.

RESERVES

Fair

value

reserve

£

At 1 April 2024

30,113

Transfer between reserves

(536

)

At 31 March 2025

29,577

The amounts transferred to the fair value reserve from retained earnings represents the fair value adjustments applicable to investment properties together with the associated deferred tax provision. This is a non-distributable reserve.

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

2025

2024

£

£

P J Body

Balance outstanding at start of year

-

-

Amounts advanced

9,999

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

9,999

-

Mrs K J Body

Balance outstanding at start of year

-

-

Amounts advanced

9,999

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

9,999

-