IRIS Accounts Production v24.3.2.46 SC107008 director 1.7.23 30.6.24 30.6.24 true false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC1070082023-06-30SC1070082024-06-30SC1070082023-07-012024-06-30SC1070082022-06-30SC1070082022-07-012023-06-30SC1070082023-06-30SC107008ns15:Scotland2023-07-012024-06-30SC107008ns14:PoundSterling2023-07-012024-06-30SC107008ns10:Director12023-07-012024-06-30SC107008ns10:PrivateLimitedCompanyLtd2023-07-012024-06-30SC107008ns10:SmallEntities2023-07-012024-06-30SC107008ns10:AuditExempt-NoAccountantsReport2023-07-012024-06-30SC107008ns10:SmallCompaniesRegimeForDirectorsReport2023-07-012024-06-30SC107008ns10:SmallCompaniesRegimeForAccounts2023-07-012024-06-30SC107008ns10:FullAccounts2023-07-012024-06-30SC107008ns10:CompanySecretary12023-07-012024-06-30SC107008ns10:RegisteredOffice2023-07-012024-06-30SC107008ns5:CurrentFinancialInstruments2024-06-30SC107008ns5:CurrentFinancialInstruments2023-06-30SC107008ns5:Non-currentFinancialInstruments2024-06-30SC107008ns5:Non-currentFinancialInstruments2023-06-30SC107008ns5:ShareCapital2024-06-30SC107008ns5:ShareCapital2023-06-30SC107008ns5:FurtherSpecificReserve3ComponentTotalEquity2024-06-30SC107008ns5:FurtherSpecificReserve3ComponentTotalEquity2023-06-30SC107008ns5:RetainedEarningsAccumulatedLosses2024-06-30SC107008ns5:RetainedEarningsAccumulatedLosses2023-06-30SC107008ns5:PlantMachinery2023-07-012024-06-30SC107008ns5:PlantMachinery2023-06-30SC107008ns5:PlantMachinery2024-06-30SC107008ns5:PlantMachinery2023-06-30SC107008ns5:CostValuation2023-06-30SC107008ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2024-06-30SC107008ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-06-30
REGISTERED NUMBER: SC107008 (Scotland)















INHOUSE SCOTLAND LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024






INHOUSE SCOTLAND LIMITED (REGISTERED NUMBER: SC107008)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 30 June 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


INHOUSE SCOTLAND LIMITED

COMPANY INFORMATION
For The Year Ended 30 June 2024







DIRECTOR: S Potter





SECRETARY: S Potter





REGISTERED OFFICE: 10 Inverleith Row
Edinburgh
EH3 5LS





REGISTERED NUMBER: SC107008 (Scotland)





ACCOUNTANTS: Benham Conway & Co
16 Royal Crescent
Glasgow
G3 7SL

INHOUSE SCOTLAND LIMITED (REGISTERED NUMBER: SC107008)

BALANCE SHEET
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 10,180 20,689
Investments 5 - -
Investment property 6 840,000 840,000
850,180 860,689

CURRENT ASSETS
Debtors 7 585 585
Cash at bank 33,648 16,938
34,233 17,523
CREDITORS
Amounts falling due within one year 8 21,697 21,013
NET CURRENT ASSETS/(LIABILITIES) 12,536 (3,490 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

862,716

857,199

CREDITORS
Amounts falling due after more than one
year

9

(8,400

)

(12,600

)

PROVISIONS FOR LIABILITIES (87,776 ) (87,776 )
NET ASSETS 766,540 756,823

CAPITAL AND RESERVES
Called up share capital 2,000 2,000
Fair value reserve 623,616 623,616
Retained earnings 140,924 131,207
SHAREHOLDERS' FUNDS 766,540 756,823

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

INHOUSE SCOTLAND LIMITED (REGISTERED NUMBER: SC107008)

BALANCE SHEET - continued
30 June 2024


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 director and authorised for issue on 23 January 2025 and were signed by:





S Potter - Director


INHOUSE SCOTLAND LIMITED (REGISTERED NUMBER: SC107008)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 30 June 2024


1. STATUTORY INFORMATION

Inhouse Scotland Limited 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance and 25% on cost

Investment property
Land and buildings are classified as investment property when the property is held to earn rentals or for capital appreciation or both. Investment property is initially measured at cost which comprises purchase price and any directly attributable expenditure, and subsequently remeasured to fair value at each reporting date with changes in fair value recognised in profit or loss.

Financial instruments
Basic financial liabilities, including trade and other payables, bank loans and other loans that are classified as debt, are initially recognised at transaction price and are subsequently carried at amortised cost, using the effective interest rate method.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

INHOUSE SCOTLAND LIMITED (REGISTERED NUMBER: SC107008)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 June 2024


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023
and 30 June 2024 42,993
DEPRECIATION
At 1 July 2023 22,304
Charge for year 10,509
At 30 June 2024 32,813
NET BOOK VALUE
At 30 June 2024 10,180
At 30 June 2023 20,689

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 July 2023
and 30 June 2024 1,000
PROVISIONS
At 1 July 2023
and 30 June 2024 1,000
NET BOOK VALUE
At 30 June 2024 -
At 30 June 2023 -

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023
and 30 June 2024 840,000
NET BOOK VALUE
At 30 June 2024 840,000
At 30 June 2023 840,000


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Other debtors 585 585

INHOUSE SCOTLAND LIMITED (REGISTERED NUMBER: SC107008)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 June 2024


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Loan 4,200 4,200
Amounts due to group companies 1,000 1,000
Taxation and social security 11,204 10,713
Other creditors 5,127 4,176
Other creditors 166 924
21,697 21,013

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Loan 8,400 12,600