Company registration number SC688066 (Scotland)
BLUE BAY PROPERTY HOLDINGS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024
PAGES FOR FILING WITH REGISTRAR
BLUE BAY PROPERTY HOLDINGS LIMITED
COMPANY INFORMATION
Director
Ashley Sham
Company number
SC688066
Registered office
30 McWilliam Place
Kinross
KY13 8QU
Accountants
Azets
10 Ardross Street
Inverness
United Kingdom
IV3 5NS
BLUE BAY PROPERTY HOLDINGS LIMITED
CONTENTS
Page
Balance sheet and notes to the financial statements
1 - 2
BLUE BAY PROPERTY HOLDINGS LIMITED
BALANCE SHEET
AS AT
29 FEBRUARY 2024
29 February 2024
- 1 -
29 February 2024
28 February 2023
£
£
£
£
Fixed assets
546,842
547,552
Current assets
58,794
65,350
Creditors: amounts falling due within one year
(252,652)
(322,621)
Net current liabilities
(193,858)
(257,271)
Total assets less current liabilities
352,984
290,281
Creditors: amounts falling due after more than one year
(395,049)
(332,065)
Net liabilities
(42,065)
(41,784)
Capital and reserves
(42,065)
(41,784)
Notes to the financial statements
1
Director's benefits: advances, credit and guarantees
During the year the director introduced £1,518 (2023 - £232,659) to the company and the company paid expenses on behalf of the director to the sum of £70,623 (2023 - £32,359). Transactions with the director are conducted under normal business terms .
At the year end the company owed the director £179,219 (2023 - £248,324) which is included current liabilities.
The loans to the company have no fixed repayment term and no interest is charged.
2
Employees
The average number of persons, including directors, employed by the company during the year was as follows:
2024
2023
Number
Number
Employees
1
1
Blue Bay Property Holdings Limited is a private company limited by shares incorporated in Scotland. The registered office is 30 McWilliam Place, Kinross, KY13 8QU.
For the year ended 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
BLUE BAY PROPERTY HOLDINGS LIMITED
BALANCE SHEET (CONTINUED)
AS AT
29 FEBRUARY 2024
29 February 2024
- 2 -
These financial statements have been prepared in accordance with the micro-entity provisions and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime' and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
The financial statements were approved and signed by the director and authorised for issue on 9 August 2024
Ashley Sham
Director
Company registration number SC688066 (Scotland)