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APPIN HOLIDAY LETS LTD

Registered Number
SC721902
(Scotland)

Unaudited Financial Statements for the Year ended
30 September 2023

APPIN HOLIDAY LETS LTD
Company Information
for the year from 1 October 2022 to 30 September 2023

Directors

LI, Bing
O'LOONEY, Damien Vincent

Registered Address

5 South Charlotte Street
Edinburgh
EH2 4AN

Registered Number

SC721902 (Scotland)
APPIN HOLIDAY LETS LTD
Balance Sheet as at
30 September 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets54,367,6811,560,600
4,367,6811,560,600
Current assets
Debtors6135,15519,485
Cash at bank and on hand149,544139,402
284,699158,887
Creditors amounts falling due within one year7(136,413)(68,586)
Net current assets (liabilities)148,28690,301
Total assets less current liabilities4,515,9671,650,901
Creditors amounts falling due after one year8-(1,680,000)
Provisions for liabilities9(5,250)(10,400)
Net assets4,510,717(39,499)
Capital and reserves
Called up share capital100100
Profit and loss account4,510,617(39,599)
Shareholders' funds4,510,717(39,499)
The financial statements were approved and authorised for issue by the Board of Directors on 2 February 2024, and are signed on its behalf by:
O'LOONEY, Damien Vincent
Director
Registered Company No. SC721902
APPIN HOLIDAY LETS LTD
Notes to the Financial Statements
for the year ended 30 September 2023

1.Statutory information
The company is a private company limited by shares and registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Accounting policies
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Fixtures and fittings304,912
Office Equipment378
Revenue recognition policy
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Deferred tax policy
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Foreign currency translation and operations policy
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
4.Employee information

20232022
Average number of employees during the year00
5.Property, plant and equipment

Land & buildings

Plant & machinery

Office Equipment

Total

££££
Cost or valuation
At 01 October 221,438,601130,636-1,569,237
Additions2,534,033174,1103782,708,521
Revaluations145,000--145,000
At 30 September 234,117,634304,7463784,422,758
Depreciation and impairment
At 01 October 22-8,637-8,637
Charge for year-46,439-46,439
Other adjustments--11
At 30 September 23-55,076155,077
Net book value
At 30 September 234,117,634249,6703774,367,681
At 30 September 221,438,601121,999-1,560,600
6.Debtors

2023

2022

££
Trade debtors / trade receivables48,13114,358
Prepayments and accrued income87,0245,127
Total135,15519,485
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
7.Creditors within one year

2023

2022

££
Trade creditors / trade payables104,05060,854
Taxation and social security30,4724,245
Other creditors-950
Accrued liabilities and deferred income1,8912,537
Total136,41368,586
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
8.Creditors after one year

2023

2022

££
Bank borrowings and overdrafts-1,680,000
Total-1,680,000
9.Provisions for liabilities

2023

2022

££
Net deferred tax liability (asset)5,25010,400
Total5,25010,400