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REGISTERED NUMBER: SC700382 (Scotland)















Financial Statements for the Year Ended 30 June 2023

for

Breiwick Bay Limited

Breiwick Bay Limited (Registered number: SC700382)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Breiwick Bay Limited

Company Information
for the Year Ended 30 June 2023







DIRECTOR: S Dunne





REGISTERED OFFICE: 18 North Silver Street
Aberdeen
AB10 1JU





REGISTERED NUMBER: SC700382 (Scotland)





ACCOUNTANTS: Tawse & Partners
Chartered Accountants
18 North Silver Street
Aberdeen
AB10 1JU

Breiwick Bay Limited (Registered number: SC700382)

Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 700,000 430,000

CURRENT ASSETS
Debtors 5 575 799
Cash at bank 577 39,195
1,152 39,994
CREDITORS
Amounts falling due within one year 6 522,768 446,132
NET CURRENT LIABILITIES (521,616 ) (406,138 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

178,384

23,862

PROVISIONS FOR LIABILITIES 33,880 4,532
NET ASSETS 144,504 19,330

CAPITAL AND RESERVES
Called up share capital 10 10
Fair value reserve 7 295,342 110,671
Retained earnings (150,848 ) (91,351 )
144,504 19,330

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 13 March 2024 and were signed by:



S Dunne - Director


Breiwick Bay Limited (Registered number: SC700382)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Breiwick Bay 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 as modified by the revaluation of certain assets.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

Breiwick Bay Limited (Registered number: SC700382)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST OR VALUATION
At 1 July 2022 430,000
Additions 25,584
Revaluations 244,416
At 30 June 2023 700,000
NET BOOK VALUE
At 30 June 2023 700,000
At 30 June 2022 430,000

Cost or valuation at 30 June 2023 is represented by:

Land and
buildings
£   
Valuation in 2022 115,203
Valuation in 2023 249,416
Cost 335,381
700,000

If the property had not been revalued it would have been included at the following historical cost:

30.6.23 30.6.22
£    £   
Cost 335,381 314,797

The Property was valued on an open market basis on 30 June 2023 by the director .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Other debtors 575 799

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans and overdrafts 301,592 240,689
Trade creditors 482 385
Other creditors 220,694 205,058
522,768 446,132

Breiwick Bay Limited (Registered number: SC700382)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

7. RESERVES
Fair
value
reserve
£   
At 1 July 2022 110,671
Transfer to/(from) Profit and Loss account 184,671

At 30 June 2023 295,342