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REGISTERED NUMBER: SC137534 (Scotland)















ALINE ESTATE LIMITED

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023






ALINE ESTATE LIMITED (REGISTERED NUMBER: SC137534)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ALINE ESTATE LIMITED

COMPANY INFORMATION
for the Year Ended 31 December 2023







DIRECTORS: J F Martin
P B Martin





REGISTERED OFFICE: 24 - 26 Lewis Street
Stornoway
Isle of Lewis
HS1 2JF





REGISTERED NUMBER: SC137534 (Scotland)






ALINE ESTATE LIMITED (REGISTERED NUMBER: SC137534)

BALANCE SHEET
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 1,854,548 1,859,424

CURRENT ASSETS
Debtors 6 3,462 2,163
Cash at bank and in hand 3,620 3,640
7,082 5,803
CREDITORS
Amounts falling due within one year 7 33,887 8,859
NET CURRENT LIABILITIES (26,805 ) (3,056 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,827,743

1,856,368

CREDITORS
Amounts falling due after more than one year 8 2,750,717 2,638,515
NET LIABILITIES (922,974 ) (782,147 )

CAPITAL AND RESERVES
Called up share capital 1,124,500 1,124,500
Retained earnings (2,047,474 ) (1,906,647 )
SHAREHOLDERS' FUNDS (922,974 ) (782,147 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

ALINE ESTATE LIMITED (REGISTERED NUMBER: SC137534)

BALANCE SHEET - continued
31 December 2023


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 June 2024 and were signed on its behalf by:





J F Martin - Director


ALINE ESTATE LIMITED (REGISTERED NUMBER: SC137534)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Aline Estate 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.

The presentation currency of the financial statements is the Pound Sterling (£).


The financial statements are rounded to the nearest £1.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover comprises the value of sporting rental and accommodation income for the period excluding Value Added Tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Boats - 10% on reducing balance
Furniture and fittings - 10% on reducing balance
Motor vehicles - 25% depreciation on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

ALINE ESTATE LIMITED (REGISTERED NUMBER: SC137534)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023

3. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

5. TANGIBLE FIXED ASSETS
Furniture
Freehold and Motor
property Boats fittings vehicles Totals
£    £    £    £    £   
COST
At 1 January 2023
and 31 December 2023 1,806,468 119,549 260,855 86,746 2,273,618
DEPRECIATION
At 1 January 2023 - 98,904 230,143 85,147 414,194
Charge for year - 2,065 2,411 400 4,876
At 31 December 2023 - 100,969 232,554 85,547 419,070
NET BOOK VALUE
At 31 December 2023 1,806,468 18,580 28,301 1,199 1,854,548
At 31 December 2022 1,806,468 20,645 30,712 1,599 1,859,424

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 555 -
Credit Card 974 2,163
VAT 1,933 -
3,462 2,163

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 24,588 799
Social security and other taxes 216 731
Pension Control Account 105 -
VAT - 4,049
Accruals and deferred income 2,398 -
Accrued expenses 6,580 3,280
33,887 8,859

ALINE ESTATE LIMITED (REGISTERED NUMBER: SC137534)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Directors' loan accounts 2,750,717 2,638,515

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the balance sheet the company owed the sum of £2,750,717 (2022 : £2,638,515) to its directors. No interest has been charged on this outstanding loan, and no fixed repayment dates are in place.

10. ULTIMATE CONTROLLING PARTY

The company's ultimate controlling party is Mr J F Martin by virtue of his ownership of 100% of the issued share capital in the company.