Clunie Investments Ltd 31/05/2025 iXBRL

Company registration number: SC660373

Clunie Investments Ltd

Unaudited filleted abridged financial statements

31 May 2025

Clunie Investments Ltd

Contents

Directors and other information

Accountants report

Abridged statement of financial position

Statement of changes in equity

Notes to the financial statements

Clunie Investments Ltd

Directors and other information


	Directors	John Lamond
		Robert Gibson


	Secretary	Mr J S Lamond


	Company number	SC660373


	Registered office	Eden Valley Business Park
		Cupar
		Fife
		KY15 4RB


	Business address	Eden Valley Business Park
		Cupar
		Fife
		KY15 4RB


	Accountants	Paterson Boyd & Co
		Chartered Certified Accountants
		18 North Street
		Glenrothes
		Fife
		KY7 5NA

Clunie Investments Ltd

Report to the board of directors on the preparation of the

unaudited statutory financial statements of Clunie Investments Ltd

Year ended 31 May 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Clunie Investments Ltd for the year ended 31 May 2025 which comprise the abridged statement of financial position, statement of changes in equity and related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS , we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.

This report is made solely to the board of directors of Clunie Investments Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Clunie Investments Ltd and state those matters that we have agreed to state to the board of directors of Clunie Investments Ltd as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Clunie Investments Ltd and its board of directors as a body for our work or for this report.

It is your duty to ensure that Clunie Investments Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Clunie Investments Ltd. You consider that Clunie Investments Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Clunie Investments Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Paterson Boyd & Co

Chartered Certified Accountants

18 North Street

Glenrothes

Fife

KY7 5NA

27 May 2026

Clunie Investments Ltd

Abridged statement of financial position

31 May 2025

		2025		2024
	Note	£	£	£	£

Fixed assets
Investments	5	1,440,000		2,290,000
		_______		_______
			1,440,000		2,290,000

Current assets
Debtors	6	1,852		-
Cash at bank and in hand		1,264,934		486,378
		_______		_______
		1,266,786		486,378
Creditors: amounts falling due
within one year	7	( 198,525)		( 181,427)
		_______		_______
Net current assets			1,068,261		304,951
			_______		_______
Total assets less current liabilities			2,508,261		2,594,951


Provisions for liabilities			( 107,500)		( 143,750)

			_______		_______
Net assets			2,400,761		2,451,201
			_______		_______

Capital and reserves
Called up share capital	8		21,584		21,584
Share premium account			1,893,700		1,893,700
Profit and loss account			485,477		535,917
			_______		_______
Shareholders funds			2,400,761		2,451,201
			_______		_______

For the year ending 31 May 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 financial statements for the year in question in accordance with section 476;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

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 abridged statement of comprehensive income has not been delivered.

All of the members have consented to the preparation of the abridged statement of comprehensive income and the abridged statement of financial position for the current year ending 31 May 2025 in accordance with Section 444(2A) of the Companies Act 2006.

These financial statements were approved by the board of directors and authorised for issue on 27 May 2026 , and are signed on behalf of the board by:

John Lamond

Director

Company registration number: SC660373

Clunie Investments Ltd

Statement of changes in equity

Year ended 31 May 2025

	Called up share capital	Share premium account	Profit and loss account	Total
	£	£	£	£


At 1 June 2023	21,584	1,893,700	37,307	1,952,591

(Loss)/profit for the year			498,610	498,610
	_______	_______	_______	_______
Total comprehensive income for the year	-	-	498,610	498,610

	_______	_______	_______	_______
At 31 May 2024 and 1 June 2024	21,584	1,893,700	535,917	2,451,201

(Loss)/profit for the year			( 50,440)	( 50,440)
	_______	_______	_______	_______
Total comprehensive income for the year	-	-	( 50,440)	( 50,440)

	_______	_______	_______	_______
At 31 May 2025	21,584	1,893,700	485,477	2,400,761
	_______	_______	_______	_______

Clunie Investments Ltd

Notes to the financial statements

Year ended 31 May 2025

1. General information

The company is a private company limited by shares, registered in Scotland. The address of the registered office is Eden Valley Business Park, Cupar, Fife, KY15 4RB.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable,excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised: Rendering of services Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied: - the amount of turnover can be measured reliably;- it is probable that the Company will receive the consideration due under the contract;-the stage of completion of the contract at the end of the reporting period can be measured reliably; and-the costs incurred and the costs to complete the contract can be measured reliably. Interest income Interest income is recognised in profit or loss using the effective interest method.

Taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recogniseddirectly in equity is also recognised in other comprehensive income or directly in equity respectively. 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 income. Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:- The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and- Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met. Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantivelyenacted by the reporting date.

Tangible assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation

Land is not depreciated. Depreciation on other assets is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method. The estimated useful lives range as follows: Freehold property 32 years The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

Fixed asset investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Provisions

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made. Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties. Increases in provisions are generally charged as an expense to profit or loss.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2024: 2 ).

5. Investments


		£
	Cost
	At 1 June 2024	2,290,000
	Disposals	( 850,000)
		_______
	At 31 May 2025	1,440,000
		_______
	Impairment
	At 1 June 2024 and 31 May 2025	-
		_______
	Carrying amount
	At 31 May 2025	1,440,000
		_______
	At 31 May 2024	2,290,000
		_______

6. Debtors

	2025	2024
	£	£
Other debtors	1,852	-
	_______	_______

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Corporation tax	188,170	20,683
Social security and other taxes	7,750	10,218
Other creditors	2,605	150,526
	_______	_______
	198,525	181,427
	_______	_______

8. Called up share capital

Issued, called up and fully paid

	2025		2024
	No	£	No	£
Ordinary shares of £ 1.00 each	21,584	21,584	21,584	21,584
	_______	_______	_______	_______