1 March 2023 false No description of principal activity Taxfiler 2024.6 SC721300business:PrivateLimitedCompanyLtd2023-03-012024-02-29 SC7213002023-02-28 SC7213002023-03-012024-02-29 SC721300business:AuditExempt-NoAccountantsReport2023-03-012024-02-29 SC721300business:FilletedAccounts2023-03-012024-02-29 SC7213002024-02-29 SC721300business:Director12023-03-012024-02-29 SC721300business:Director22023-03-012024-02-29 SC721300business:RegisteredOffice2023-03-012024-02-29 SC7213002023-02-28 SC721300core:WithinOneYear2024-02-29 SC721300core:WithinOneYear2023-02-28 SC721300core:AfterOneYear2024-02-29 SC721300core:AfterOneYear2023-02-28 SC721300core:ShareCapitalcore:PreviouslyStatedAmount2024-02-29 SC721300core:ShareCapitalcore:PreviouslyStatedAmount2023-02-28 SC721300core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-02-29 SC721300core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-02-28 SC721300core:PreviouslyStatedAmount2024-02-29 SC721300core:PreviouslyStatedAmount2023-02-28 SC721300business:SmallEntities2023-03-012024-02-29 SC721300countries:Scotland2023-03-012024-02-29 SC721300core:LandBuildings2023-03-012024-02-29 SC721300core:LandBuildings2023-02-28 SC721300core:LandBuildings2024-02-29 SC7213002022-01-282023-02-28 iso4217:GBP xbrli:pure
Company Registration No. SC721300 (Scotland)
Homelet Property Investments Ltd Unaudited accounts for the year ended 29 February 2024
Homelet Property Investments Ltd Unaudited accounts Contents
Page
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Homelet Property Investments Ltd Company Information for the year ended 29 February 2024
Directors
RJ McGarvie AM McGarvie
Company Number
SC721300 (Scotland)
Registered Office
71 High Street Musselburgh East Lothian EH21 7BZ United Kingdom
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Homelet Property Investments Ltd Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
176,939 
176,939 
Creditors: amounts falling due within one year
(184,920)
(77,485)
Net current liabilities
(184,920)
(77,485)
Total assets less current liabilities
(7,981)
99,454 
Creditors: amounts falling due after more than one year
- 
(103,595)
Net liabilities
(7,981)
(4,141)
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
(7,983)
(4,143)
Shareholders' funds
(7,981)
(4,141)
For the year ending 29 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 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 25 November 2024 and were signed on its behalf by
RJ McGarvie Director Company Registration No. SC721300
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Homelet Property Investments Ltd Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
Homelet Property Investments Ltd is a private company, limited by shares, registered in Scotland, registration number SC721300. The registered office is 71 High Street, Musselburgh, East Lothian, EH21 7BZ, United Kingdom.
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
Nil
4
Tangible fixed assets
Land & buildings 
£ 
Cost or valuation
At cost 
At 1 March 2023
176,939 
At 29 February 2024
176,939 
Depreciation
At 29 February 2024
- 
Net book value
At 29 February 2024
176,939 
At 28 February 2023
176,939 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
115,105 
11,510 
Loans from directors
69,415 
65,575 
Accruals
400 
400 
184,920 
77,485 
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Homelet Property Investments Ltd Notes to the Accounts for the year ended 29 February 2024
6
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Accruals
- 
103,595 
7
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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