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Company Registration No. SC666070 (Scotland)
Uig And Hamanavay Estates Limited Unaudited accounts for the year ended 31 December 2023
Uig And Hamanavay Estates Limited Unaudited accounts Contents
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Uig And Hamanavay Estates Limited Company Information for the year ended 31 December 2023
Directors
Thomas Kenneth Murray Rachael Anne Scarr-Hall
Company Number
SC666070 (Scotland)
Registered Office
Gillespie Macandrew 5 Atholl Crescent Edinburgh Midlothian EH3 8EJ Scotland
Accountants
Taxnfacts Ltd Timbuckthree 9 New Tolsta Isle of Lewis HS2 0NN
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Uig And Hamanavay Estates Limited Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
6,730,298 
6,118,451 
Current assets
Debtors
36,516 
31,045 
Cash at bank and in hand
1,666 
- 
38,182 
31,045 
Creditors: amounts falling due within one year
(241,868)
(322,451)
Net current liabilities
(203,686)
(291,406)
Total assets less current liabilities
6,526,612 
5,827,045 
Creditors: amounts falling due after more than one year
(6,853,739)
(6,089,835)
Net liabilities
(327,127)
(262,790)
Capital and reserves
Called up share capital
4 
4 
Profit and loss account
(327,131)
(262,794)
Shareholders' funds
(327,127)
(262,790)
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 10 September 2024 and were signed on its behalf by
Rachael Anne Scarr-Hall Director Company Registration No. SC666070
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Uig And Hamanavay Estates Limited Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
Uig And Hamanavay Estates Limited is a private company, limited by shares, registered in Scotland, registration number SC666070. The registered office is Gillespie Macandrew, 5 Atholl Crescent, Edinburgh, Midlothian, EH3 8EJ, Scotland.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
Not depreciated
Plant & machinery
20% straight line
Motor vehicles
25% straight line
Fixtures & fittings
20% straight line
Going concern
At the accounting reference date the company had net current liabilities of £327,127 (2022 - £262,790). At the time of approving the financial statements, the directors consider that the company has the support of its funders and owners. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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Uig And Hamanavay Estates Limited Notes to the Accounts for the year ended 31 December 2023
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates. Turnover represents income from accommodation and sporting activities.
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 January 2023
6,094,119 
2,079 
7,000 
28,918 
6,132,116 
Additions
616,364 
- 
- 
15,000 
631,364 
Disposals
(9,836)
(282)
- 
(3,090)
(13,208)
At 31 December 2023
6,700,647 
1,797 
7,000 
40,828 
6,750,272 
Depreciation
At 1 January 2023
- 
734 
4,229 
8,702 
13,665 
Charge for the year
- 
260 
1,750 
4,299 
6,309 
At 31 December 2023
- 
994 
5,979 
13,001 
19,974 
Net book value
At 31 December 2023
6,700,647 
803 
1,021 
27,827 
6,730,298 
At 31 December 2022
6,094,119 
1,345 
2,771 
20,216 
6,118,451 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
12,908 
- 
Trade debtors
1,282 
4,089 
Amounts due from group undertakings etc.
17,471 
7,476 
Accrued income and prepayments
4,855 
19,480 
36,516 
31,045 
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Uig And Hamanavay Estates Limited Notes to the Accounts for the year ended 31 December 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
9,940 
3,132 
Amounts owed to group undertakings and other participating interests
210,616 
203,212 
Taxes and social security
1,846 
1,914 
Other creditors
856 
853 
Accruals
3,987 
100,848 
Deferred income
14,623 
12,492 
241,868 
322,451 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Amounts owed to group undertakings and other participating interests
6,853,739 
6,089,835 
8
Average number of employees
During the year the average number of employees was 5 (2022: 5).
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