REGISTERED NUMBER: SC499950 (Scotland)

Unaudited Financial Statements

for the Period

1 January 2024 to 31 March 2025

for

Chanrossa Group Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

W Dobbie

E L Chandler

W E Dobbie

S Blues

REGISTERED OFFICE:

23 Manor Place

Edinburgh

EH3 7DX

REGISTERED NUMBER:

SC499950 (Scotland)

ACCOUNTANTS:

MacMillan Craig

Chartered Accountants

100 Brand Street

Glasgow

G51 1DG

FIXED ASSETS

Tangible assets

4

2,233,744

2,221,788

Investments

5

21,214,884

21,669,644

23,448,628

23,891,432

CURRENT ASSETS

Debtors

6

2,686,735

2,946,757

Cash at bank

45,376

136,268

2,732,111

3,083,025

CREDITORS

Amounts falling due within one year

7

7,531,022

6,977,257

NET CURRENT LIABILITIES

(4,798,911

)

(3,894,232

)

TOTAL ASSETS LESS CURRENT LIABILITIES

18,649,717

19,997,200

CAPITAL AND RESERVES

Called up share capital

17,185,000

17,185,000

Fair value reserve

8

11,813

11,813

Retained earnings

1,452,904

2,800,387

18,649,717

19,997,200

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the period 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 4 December 2025 and were signed on its behalf by:

W Dobbie - Director

1.	STATUTORY INFORMATION

Chanrossa Group Limited 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Land and buildings

-

2% on cost

Plant and machinery etc

-

33% on cost, 25% on cost and Over 1 year

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost less any provision for impairment.

Taxation

Taxation for the period 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 period 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Share- based payments

The company issues equity-settled share-based payments to certain employees. Equity-settled share-based payments are measured at fair value at the date of the grant.The fair value determined at the grant date is expensed on a straight line basis over the vesting period, together with a corresponding increase in equity, based upon the company's estimate of the shares that will eventually vest.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 5 (2023 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 January 2024

2,159,577

85,196

2,244,773

Additions

-

37,954

37,954

Disposals

-

(2,841

)

(2,841

)

At 31 March 2025

2,159,577

120,309

2,279,886

DEPRECIATION

At 1 January 2024

-

22,985

22,985

Charge for period

-

25,998

25,998

Eliminated on disposal

-

(2,841

)

(2,841

)

At 31 March 2025

-

46,142

46,142

NET BOOK VALUE

At 31 March 2025

2,159,577

74,167

2,233,744

At 31 December 2023

2,159,577

62,211

2,221,788

5.	FIXED ASSET INVESTMENTS

31.3.25

31.12.23

£

£

Shares in group undertakings

18,838,234

18,881,984

Other investments not loans

1,941,802

2,153,730

Other loans

434,848

633,930

21,214,884

21,669,644

Additional information is as follows:

Shares in

group

Other

undertakings

investments

Totals

£

£

£

COST

At 1 January 2024

21,201,873

2,153,730

23,355,603

Additions

206,250

137,830

344,080

Impairments

-

(349,758

)

(349,758

)

At 31 March 2025

21,408,123

1,941,802

23,349,925

PROVISIONS

At 1 January 2024

2,319,889

-

2,319,889

Provision for period

250,000

-

250,000

At 31 March 2025

2,569,889

-

2,569,889

NET BOOK VALUE

At 31 March 2025

18,838,234

1,941,802

20,780,036

At 31 December 2023

18,881,984

2,153,730

21,035,714

Other

loans

£

At 1 January 2024

633,930

New in year

101,447

Other movement

(300,529

)

At 31 March 2025

434,848

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.12.23

£

£

Trade debtors

17,100

23,400

Amounts owed by group undertakings

2,594,464

2,899,354

Other debtors

712

-

Prepayments and accrued income

74,459

24,003

2,686,735

2,946,757

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.12.23

£

£

Other loans

1,724,972

508,934

Trade creditors

1,936

5,549

Social security and other taxes

11,415

13,622

VAT

23,248

21,910

Other creditors

1,496,563

2,566,066

Directors' loan accounts

4,264,816

3,837,451

Accrued expenses

8,072

23,725

7,531,022

6,977,257

8.

RESERVES

Fair

value

reserve

£

At 1 January 2024

and 31 March 2025

11,813

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is W Dobbie.