Registration number: SC286211

The Cairn Partnership Limited

Contents

Statement of Financial Position	1 to 2
Notes to the Unaudited Financial Statements	3 to 9

The Cairn Partnership Limited

(Registration number: SC286211)
Statement of Financial Position as at 31 July 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	2,507	2,949
Investment property	5	1,629,769	1,496,319
		1,632,276	1,499,268
Current assets
Debtors	6	135,010	129,676
Cash at bank and in hand		112,956	155,269
		247,966	284,945
Creditors: Amounts falling due within one year	7	(751,809)	(552,401)
Net current liabilities		(503,843)	(267,456)
Total assets less current liabilities		1,128,433	1,231,812
Creditors: Amounts falling due after more than one year	7	(441,137)	(434,935)
Net assets		687,296	796,877
Capital and reserves
Called up share capital	8	100	100
Capital redemption reserve		(21)	-
Retained earnings		687,217	796,777
Shareholders' funds		687,296	796,877

For the financial year ending 31 July 2025 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 accounts for the year in question in accordance with section 476; and
•	The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the Directors have not delivered to the registrar a copy of the Income Statement.

The Cairn Partnership Limited

(Registration number: SC286211)
Statement of Financial Position as at 31 July 2025

Approved and authorised by the Board on 23 October 2025 and signed on its behalf by:
 

......................................... Mr Jonathon Clark Director

The Cairn Partnership Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

1	General information

The Company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
The School House
Kinnaird
Inchture
Perthshire
PH14 9QY

The principal place of business is:
Unit 3
Annfield Row
Dundee
DD1 5JL

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the Company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The Company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the Company's activities.

The Cairn Partnership Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the Company will not be able to collect all amounts due according to the original terms of the receivables.

The Cairn Partnership Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the Company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

The Cairn Partnership Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the income statement over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the Company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the Company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Financial instruments

Classification
Financial instruments are classified and accounted for, according to the substance of the contractual agreement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
 

3	Staff numbers

The average number of persons employed by the Company (including Directors) during the year, was 0 (2024 - 0).

The Cairn Partnership Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

4	Tangible assets

	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 August 2024	3,470	3,470
At 31 July 2025	3,470	3,470
Depreciation
At 1 August 2024	521	521
Charge for the year	442	442
At 31 July 2025	963	963
Carrying amount
At 31 July 2025	2,507	2,507
At 31 July 2024	2,949	2,949

The Cairn Partnership Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

5	Investment properties

	2025 £
At 1 August	1,496,319
Additions	133,450
At 31 July	1,629,769

There has been no valuation of investment property by an independent valuer. The last valuation of the properties was at 31 July 2025 by the directors and they are of the opinion that they are fairly stated in these accounts.

6

Debtors

Current	2025 £	2024 £
Other debtors	135,010	129,676
	135,010	129,676

7

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	9	96,884	78,685
Taxation and social security		45,773	36,455
Accruals and deferred income		2,350	1,850
Other creditors		606,802	435,411
		751,809	552,401

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	9	441,137	434,935

The Cairn Partnership Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

8	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary A Shares of £1 each	40	40	40	40
Ordinary B Shares of £1 each	40	40	40	40
Ordinary C Shares of £1 each	20	20	20	20
	100	100	100	100

9	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Bank borrowings	441,137	434,935

Current loans and borrowings

	2025 £	2024 £
Bank borrowings	78,684	78,685
Bank overdrafts	18,200	-
	96,884	78,685