Carrick Farm Leisure Ltd - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: SC636455 (Scotland)

Unaudited Financial Statements

for the Year Ended 31 July 2022

for

Carrick Farm Leisure Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

J Cowper-Smith

Mrs V Cowper-Smith

REGISTERED OFFICE:

Carrick Farm

Carrick Castle

Lochgoilhead

Cairdow

Argyll & Bute

PA24 8AF

REGISTERED NUMBER:

SC636455 (Scotland)

ACCOUNTANTS:

Macleod Fulton

Scottcourt House

West Princes Street

Helensburgh

Argyll & Bute

G84 8BP

FIXED ASSETS

Tangible assets

4

17,028

15,416

CREDITORS

Amounts falling due within one year

5

19,061

14,001

NET CURRENT LIABILITIES

(19,061

)

(14,001

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(2,033

)

1,415

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

(2,035

)

1,413

(2,033

)

1,415

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2022 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 28 April 2023 and were signed on its behalf by:

Mrs V Cowper-Smith - Director

1.	STATUTORY INFORMATION

Carrick Farm Leisure 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.

Going concern

The financial statements have been prepared on a going concern basis. The validity of this is dependent on the financial performance of the company following the restrictions and other conditions placed throughout the UK due to the Covid 19 pandemic. After due consideration on the potential impact and future commitments, the directors consider it appropriate to prepare financial statements on a going concern basis.

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.

Plant and machinery etc

-

25% on cost

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1 August 2021

20,555

Additions

7,287

At 31 July 2022

27,842

DEPRECIATION

At 1 August 2021

5,139

Charge for year

5,675

At 31 July 2022

10,814

NET BOOK VALUE

At 31 July 2022

17,028

At 31 July 2021

15,416

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.22

31.7.21

£

£

Taxation and social security

256

240

Other creditors

18,805

13,761

19,061

14,001

6.	CONTINGENT LIABILITIES

As at 30 July 2022 the company had no contingent liabilities (2021 - £nil).

7.	CAPITAL COMMITMENTS

As at 30 July 2022 the company had no capital commitments (2021 -£nil).

8.	RELATED PARTY DISCLOSURES