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REGISTERED NUMBER: SC705229 (Scotland)






































Tweedside Holidays Limited

Unaudited Financial Statements

for the Year Ended 31st July 2023






Tweedside Holidays Limited (Registered number: SC705229)






Contents of the Financial Statements
for the year ended 31st July 2023




Page

Company information 1

Balance sheet 2

Notes to the financial statements 3 to 5


Tweedside Holidays Limited

Company Information
for the year ended 31st July 2023







Director: Miss A S Gray





Registered office: 2 St. Ebba Road
Eyemouth
United Kingdom
TD14 5AE





Registered number: SC705229 (Scotland)





Accountants: Rennie Welch LLP
Academy House
Shedden Park Road
Kelso
Roxburghshire
TD5 7AL

Tweedside Holidays Limited (Registered number: SC705229)

Balance Sheet
31st July 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Tangible assets 4 168,959 172,212

Current assets
Cash at bank and in hand 1,285 1,072

Creditors
Amounts falling due within one year 5 177,907 178,754
Net current liabilities (176,622 ) (177,682 )
Total assets less current liabilities (7,663 ) (5,470 )

Capital and reserves
Called up share capital 1 1
Retained earnings (7,664 ) (5,471 )
(7,663 ) (5,470 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st July 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 Statement of income and retained earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 17th April 2024 and were signed by:





Miss A S Gray - Director


Tweedside Holidays Limited (Registered number: SC705229)

Notes to the Financial Statements
for the year ended 31st July 2023

1. Statutory information

Tweedside Holidays 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.

Turnover
Turnover represents the total invoice value, excluding value added tax, of sales invoiced during the year, or the fair value of services provided for amounts not invoiced at the year end.

Turnover arising from the provision of services is recognised as contract activity progresses and the right to consideration is earned.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Freehold property - not provided
Fixtures and fittings - 20% on reducing balance

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

Financial instruments
The following assets and liabilities are classified as financial instruments - bank loans, directors' loans and accruals.

Bank loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

Directors' loans (being repayable on demand) and accruals are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income and Retained Earnings.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


Tweedside Holidays Limited (Registered number: SC705229)

Notes to the Financial Statements - continued
for the year ended 31st July 2023

2. Accounting policies - continued
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.

Provisions
Provisions are set up only where it is probable that a present obligation exists as a result of an event prior to the balance sheet date and that a payment will be required in settlement that can be estimated reliably. Where material, provisions are calculated on a discounted basis.

Going concern
The company has a deficit on the balance sheet. However most of the long term funding for the company is by way of a director's loan account. The director has made a commitment not to seek repayment of the loan within the foreseeable future. The director is confident that the company will trade out of its current difficulties therefore the accounts have been prepared on the going concern basis.

3. Employees and directors

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

4. Tangible fixed assets
Fixtures
Freehold and
property fittings Totals
£    £    £   
Cost
At 1st August 2022 153,946 18,266 172,212
Additions - 500 500
At 31st July 2023 153,946 18,766 172,712
Depreciation
Charge for year - 3,753 3,753
At 31st July 2023 - 3,753 3,753
Net book value
At 31st July 2023 153,946 15,013 168,959
At 31st July 2022 153,946 18,266 172,212

5. Creditors: amounts falling due within one year
2023 2022
£    £   
Other creditors 177,907 178,754

Tweedside Holidays Limited (Registered number: SC705229)

Notes to the Financial Statements - continued
for the year ended 31st July 2023

6. Secured debts

The following secured debts are included within creditors:

2023 2022
£    £   
Other loans 103,163 107,349

Cumberland Building Society hold a charge over 1 Temperance Terrace, Berwick Upon Tweed, TD15 1LR.