Acorah Software Products - Accounts Production 15.0.600 false true 28 February 2023 1 March 2022 false 1 March 2023 28 February 2024 28 February 2024 SC653557 Gordon Russell Nathalie Russell iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC653557 2023-02-28 SC653557 2024-02-28 SC653557 2023-03-01 2024-02-28 SC653557 frs-core:CurrentFinancialInstruments 2024-02-28 SC653557 frs-core:Non-currentFinancialInstruments 2024-02-28 SC653557 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-02-28 SC653557 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-03-01 2024-02-28 SC653557 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-02-28 SC653557 frs-core:ShareCapital 2024-02-28 SC653557 frs-core:RetainedEarningsAccumulatedLosses 2024-02-28 SC653557 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-28 SC653557 frs-bus:FilletedAccounts 2023-03-01 2024-02-28 SC653557 frs-bus:SmallEntities 2023-03-01 2024-02-28 SC653557 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-28 SC653557 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-28 SC653557 frs-bus:Director1 2023-03-01 2024-02-28 SC653557 frs-bus:Director2 2023-03-01 2024-02-28 SC653557 frs-countries:Scotland 2023-03-01 2024-02-28 SC653557 2022-02-28 SC653557 2023-02-28 SC653557 2022-03-01 2023-02-28 SC653557 frs-core:CurrentFinancialInstruments 2023-02-28 SC653557 frs-core:Non-currentFinancialInstruments 2023-02-28 SC653557 frs-core:ShareCapital 2023-02-28 SC653557 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: SC653557
Bay Homes (Strachur) Ltd
Unaudited Financial Statements
For The Year Ended 28 February 2024
14 Newton Place
Glasgow
G3 7PY
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—4
Page 1
Statement of Financial Position
Registered number: SC653557
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 339,990 -
339,990 -
CURRENT ASSETS
Debtors 5 78,270 724,203
Cash at bank and in hand 13,017 28,919
91,287 753,122
Creditors: Amounts Falling Due Within One Year 6 (1,049,372 ) (1,181,225 )
NET CURRENT ASSETS (LIABILITIES) (958,085 ) (428,103 )
TOTAL ASSETS LESS CURRENT LIABILITIES (618,095 ) (428,103 )
Creditors: Amounts Falling Due After More Than One Year 7 (1,516,500 ) (2,125,517 )
NET LIABILITIES (2,134,595 ) (2,553,620 )
CAPITAL AND RESERVES
Called up share capital 8 2 2
Income Statement (2,134,597 ) (2,553,622 )
SHAREHOLDERS' FUNDS (2,134,595) (2,553,620)
Page 1
Page 2
For the year ending 28 February 2024 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
Nathalie Russell
Director
03/06/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Bay Homes (Strachur) Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC653557 . The registered office is 14 Newton Place, C/O Gallone & Co, Glasgow, G3 7PY.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold Not depreciated
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Tangible Assets
Land & Property
Freehold
£
Cost
As at 1 March 2023 -
Additions 339,990
As at 28 February 2024 339,990
Net Book Value
As at 28 February 2024 339,990
As at 1 March 2023 -
5. Debtors
2024 2023
£ £
Due within one year
Other debtors 73,860 640,732
VAT 4,410 54,269
Directors' loan accounts - 29,202
78,270 724,203
Page 3
Page 4
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 286,323 301,985
Other creditors 504,261 876,900
Accruals and deferred income 2,350 2,340
Directors' loan accounts 256,438 -
1,049,372 1,181,225
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 17,991 25,517
Other creditors 1,498,509 2,100,000
1,516,500 2,125,517
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
Page 4