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Company Registration No. SC359203 (Scotland)
Clongiffen Herd Ltd Unaudited accounts for the year ended 31 December 2024
Clongiffen Herd Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Clongiffen Herd Ltd Company Information for the year ended 31 December 2024
Director
Michael McGuigan
Company Number
SC359203 (Scotland)
Registered Office
27 Lauriston Street Edinburgh EH3 9DQ
Accountants
Oak Team Associates Limited Clyde Offices 48 West George Street Glasgow G2 1BP
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Clongiffen Herd Ltd Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
909,000 
909,000 
Current assets
Inventories
69,669 
78,724 
Debtors
5
9,698 
49,116 
Cash at bank and in hand
23,297 
3,187 
102,664 
131,027 
Creditors: amounts falling due within one year
6
(817,255)
(841,173)
Net current liabilities
(714,591)
(710,146)
Net assets
194,409 
198,854 
Capital and reserves
Called up share capital
7
102 
102 
Profit and loss account
194,307 
198,752 
Shareholders' funds
194,409 
198,854 
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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 29 September 2025 and were signed on its behalf by
Michael McGuigan Director Company Registration No. SC359203
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Clongiffen Herd Ltd Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Clongiffen Herd Ltd is a private company, limited by shares, registered in Scotland, registration number SC359203. The registered office is 27 Lauriston Street, Edinburgh, EH3 9DQ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
No depreciation
Plant & machinery
20% on a straight line basis
Motor vehicles
20% on a straight line basis
Fixtures & fittings
20% on a straight line basis
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Exchange differences are taken into account in arriving at the operating profit.
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Clongiffen Herd Ltd Notes to the Accounts for the year ended 31 December 2024
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 January 2024
909,000 
50,799 
80,409 
1,040,208 
Disposals
- 
(50,799)
(80,409)
(131,208)
At 31 December 2024
909,000 
- 
- 
909,000 
Depreciation
At 1 January 2024
- 
50,799 
80,409 
131,208 
On disposals
- 
(50,799)
(80,409)
(131,208)
At 31 December 2024
- 
- 
- 
- 
Net book value
At 31 December 2024
909,000 
- 
- 
909,000 
At 31 December 2023
909,000 
- 
- 
909,000 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Amounts due from group undertakings etc.
- 
49,116 
Other debtors
9,698 
- 
9,698 
49,116 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Amounts owed to group undertakings and other participating interests
244,074 
245,545 
Loans from directors
573,181 
595,628 
817,255 
841,173 
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
102 Ordinary shares of £1 each
102 
102 
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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