Silverfin false 31/12/2021 31/12/2021 01/01/2021 Mrs C S Hall 09/10/2018 Mr J D E Hall 09/10/2018 01 August 2022 The principal activity of the Company during the financial year was that of holiday letting. SC610409 2021-12-31 SC610409 bus:Director1 2021-12-31 SC610409 bus:Director2 2021-12-31 SC610409 2020-12-31 SC610409 core:CurrentFinancialInstruments 2021-12-31 SC610409 core:CurrentFinancialInstruments 2020-12-31 SC610409 core:ShareCapital 2021-12-31 SC610409 core:ShareCapital 2020-12-31 SC610409 core:RetainedEarningsAccumulatedLosses 2021-12-31 SC610409 core:RetainedEarningsAccumulatedLosses 2020-12-31 SC610409 core:LandBuildings 2020-12-31 SC610409 core:OtherPropertyPlantEquipment 2020-12-31 SC610409 core:LandBuildings 2021-12-31 SC610409 core:OtherPropertyPlantEquipment 2021-12-31 SC610409 bus:OrdinaryShareClass1 2021-12-31 SC610409 2021-01-01 2021-12-31 SC610409 bus:FullAccounts 2021-01-01 2021-12-31 SC610409 bus:SmallEntities 2021-01-01 2021-12-31 SC610409 bus:AuditExemptWithAccountantsReport 2021-01-01 2021-12-31 SC610409 bus:PrivateLimitedCompanyLtd 2021-01-01 2021-12-31 SC610409 bus:Director1 2021-01-01 2021-12-31 SC610409 bus:Director2 2021-01-01 2021-12-31 SC610409 core:LandBuildings core:TopRangeValue 2021-01-01 2021-12-31 SC610409 core:OtherPropertyPlantEquipment core:TopRangeValue 2021-01-01 2021-12-31 SC610409 2020-01-01 2020-12-31 SC610409 core:LandBuildings 2021-01-01 2021-12-31 SC610409 core:OtherPropertyPlantEquipment 2021-01-01 2021-12-31 SC610409 bus:OrdinaryShareClass1 2021-01-01 2021-12-31 SC610409 bus:OrdinaryShareClass1 2020-01-01 2020-12-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: SC610409 (Scotland)

CROICK HOLIDAY LETTING LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2021
PAGES FOR FILING WITH THE REGISTRAR

CROICK HOLIDAY LETTING LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2021

Contents

CROICK HOLIDAY LETTING LIMITED

BALANCE SHEET

AS AT 31 DECEMBER 2021
CROICK HOLIDAY LETTING LIMITED

BALANCE SHEET (continued)

AS AT 31 DECEMBER 2021
Note 2021 2020
£ £
Fixed assets
Tangible assets 3 1,896 2,224
1,896 2,224
Current assets
Debtors 4 22,906 9,071
Cash at bank and in hand 28,179 8,080
51,085 17,151
Creditors
Amounts falling due within one year 5 ( 34,392) ( 19,140)
Net current assets/(liabilities) 16,693 (1,989)
Total assets less current liabilities 18,589 235
Provisions for liabilities 6 ( 144) ( 111)
Net assets 18,445 124
Capital and reserves
Called-up share capital 7 100 100
Profit and loss account 18,345 24
Total shareholders' funds 18,445 124

For the financial year ending 31 December 2021 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Croick Holiday Letting Limited (registered number: SC610409) were approved and authorised for issue by the Director on 01 August 2022. They were signed on its behalf by:

Mr J D E Hall
Director
Mrs C S Hall
Director
CROICK HOLIDAY LETTING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2021
CROICK HOLIDAY LETTING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2021
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Croick Holiday Letting Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in Scotland. The address of the Company's registered office is 7-11 Melville Street, Edinburgh, EH3 7PE, United Kingdom.

The financial statements have been prepared under the historical cost convention and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT and other sales related taxes.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings 20 years straight line
Plant and machinery etc. 5 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities, including creditors, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

Government grants

Government grants are recognised based on the performance model and are measured at the fair value of the asset received or receivable when there is reasonable assurance that the company will comply with conditions attaching to them and the grants will be received.

A grant that specifies performance conditions is recognised in income only when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the grant proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

2. Employees

2021 2020
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Tangible assets

Land and buildings Plant and machinery etc. Total
£ £ £
Cost
At 01 January 2021 1,200 1,339 2,539
At 31 December 2021 1,200 1,339 2,539
Accumulated depreciation
At 01 January 2021 30 285 315
Charge for the financial year 60 268 328
At 31 December 2021 90 553 643
Net book value
At 31 December 2021 1,110 786 1,896
At 31 December 2020 1,170 1,054 2,224

4. Debtors

2021 2020
£ £
Trade debtors 18,503 8,781
Other debtors 4,403 290
22,906 9,071

5. Creditors: amounts falling due within one year

2021 2020
£ £
Trade creditors 1,772 0
Other creditors 28,341 19,140
Corporation tax 4,279 0
34,392 19,140

6. Provision for liabilities

2021 2020
£ £
Deferred tax 144 111

7. Called-up share capital

2021 2020
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100

8. Related party transactions

Transactions with the entity's directors

2021 2020
£ £
Amounts due to Key Management Personnel 6,971 6,971

The above loans are unsecured, interest free and have no fixed terms of repayment.

Other related party transactions

2021 2020
£ £
Amounts due to Related Parties 1,839 0