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REGISTERED NUMBER: SC531379 (Scotland)




















North Berwick Holiday Homes Ltd

Unaudited Financial Statements

for the Year Ended 31 March 2024






North Berwick Holiday Homes Ltd (Registered number: SC531379)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


North Berwick Holiday Homes Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: B A Chapman
Ms J A Reid
Mrs C Currie



REGISTERED OFFICE: 129 High Street
North Berwick
East Lothian
EH39 4HB



REGISTERED NUMBER: SC531379 (Scotland)



ACCOUNTANTS: Whitelaw Wells
9 Ainslie Place
Edinburgh
Midlothian
EH3 6AT



BANKERS: The Royal Bank of Scotland
North Berwick
12 Westgate
North Berwick
EH39 4AF

North Berwick Holiday Homes Ltd (Registered number: SC531379)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 63,466 89,143
Tangible assets 5 17,985 22,430
81,451 111,573

CURRENT ASSETS
Debtors 6 38,176 23,827
Cash at bank 355,576 343,981
393,752 367,808
CREDITORS
Amounts falling due within one year 7 364,643 330,831
NET CURRENT ASSETS 29,109 36,977
TOTAL ASSETS LESS CURRENT
LIABILITIES

110,560

148,550

CREDITORS
Amounts falling due after more than
one year

8

(20,841

)

(28,904

)

PROVISIONS FOR LIABILITIES (942 ) (916 )
NET ASSETS 88,777 118,730

North Berwick Holiday Homes Ltd (Registered number: SC531379)

Balance Sheet - continued
31 March 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 88,677 118,630
88,777 118,730

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

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 Board of Directors and authorised for issue on 19 September 2024 and were signed on its behalf by:





Mrs C Currie - Director


North Berwick Holiday Homes Ltd (Registered number: SC531379)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

North Berwick Holiday Homes Ltd 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Website is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 20% on reducing balance and 20% on cost

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.


North Berwick Holiday Homes Ltd (Registered number: SC531379)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 7 ) .

North Berwick Holiday Homes Ltd (Registered number: SC531379)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 April 2023 260,000 2,853 262,853
Additions - 404 404
At 31 March 2024 260,000 3,257 263,257
AMORTISATION
At 1 April 2023 170,857 2,853 173,710
Charge for year 26,000 81 26,081
At 31 March 2024 196,857 2,934 199,791
NET BOOK VALUE
At 31 March 2024 63,143 323 63,466
At 31 March 2023 89,143 - 89,143

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 36,642
Additions 2,052
Disposals (719 )
At 31 March 2024 37,975
DEPRECIATION
At 1 April 2023 14,212
Charge for year 6,366
Eliminated on disposal (588 )
At 31 March 2024 19,990
NET BOOK VALUE
At 31 March 2024 17,985
At 31 March 2023 22,430

North Berwick Holiday Homes Ltd (Registered number: SC531379)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under finance leases are as follows:

Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 18,417
DEPRECIATION
At 1 April 2023 3,683
Charge for year 3,684
At 31 March 2024 7,367
NET BOOK VALUE
At 31 March 2024 11,050
At 31 March 2023 14,734

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 24,851 10,502
Other debtors 13,325 13,325
38,176 23,827

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 6,443 5,914
Finance leases 2,384 2,384
Trade creditors 4,488 5,736
Taxation and social security 27,665 36,804
Other creditors 323,663 279,993
364,643 330,831

North Berwick Holiday Homes Ltd (Registered number: SC531379)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 10,681 16,558
Finance leases 10,160 12,346
20,841 28,904

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
Mrs C Currie
Balance outstanding at start of year - 4,567
Amounts advanced - 15,433
Amounts repaid - (20,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

G Currie
Balance outstanding at start of year - 15,787
Amounts advanced - 4,213
Amounts repaid - (20,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

These loans are interest free, unsecured and have no set repayment date.