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REGISTERED NUMBER: SC660157 (Scotland)




















Cabins in the City Limited

Unaudited Financial Statements

for the Period 1 May 2023 to 31 May 2024






Cabins in the City Limited (Registered number: SC660157)






Contents of the Financial Statements
for the Period 1 May 2023 to 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Cabins in the City Limited

Company Information
for the Period 1 May 2023 to 31 May 2024







DIRECTORS: A I Miller
A Vandor



REGISTERED OFFICE: 9 Ainslie Place
Edinburgh
EH3 6AT



REGISTERED NUMBER: SC660157 (Scotland)



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



BANKERS: The Royal Bank of Scotland plc
36 St Andrew Square
Edinburgh
EH2 2AD

Cabins in the City Limited (Registered number: SC660157)

Balance Sheet
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 113,695
Investment property 5 - 550,000
- 663,695

CURRENT ASSETS
Debtors 6 12,194 477
Cash at bank 251,628 1,185
263,822 1,662
CREDITORS
Amounts falling due within one year 7 261,206 286,749
NET CURRENT ASSETS/(LIABILITIES) 2,616 (285,087 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,616

378,608

CREDITORS
Amounts falling due after more than
one year

8

-

390,734
NET ASSETS/(LIABILITIES) 2,616 (12,126 )

Cabins in the City Limited (Registered number: SC660157)

Balance Sheet - continued
31 May 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 10 - 138,888
Retained earnings 10 2,516 (151,114 )
SHAREHOLDERS' FUNDS 2,616 (12,126 )

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 May 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 6 February 2025 and were signed on its behalf by:





A I Miller - Director


Cabins in the City Limited (Registered number: SC660157)

Notes to the Financial Statements
for the Period 1 May 2023 to 31 May 2024

1. STATUTORY INFORMATION

Cabins in the City 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.

Turnover
Turnover represents net receipt of holiday lets excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the period 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 period 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.

Cabins in the City Limited (Registered number: SC660157)

Notes to the Financial Statements - continued
for the Period 1 May 2023 to 31 May 2024

2. ACCOUNTING POLICIES - continued

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2023 - NIL).

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023 142,119
Disposals (142,119 )
At 31 May 2024 -
DEPRECIATION
At 1 May 2023 28,424
Eliminated on disposal (28,424 )
At 31 May 2024 -
NET BOOK VALUE
At 31 May 2024 -
At 30 April 2023 113,695

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023 550,000
Disposals (550,000 )
At 31 May 2024 -
NET BOOK VALUE
At 31 May 2024 -
At 30 April 2023 550,000

Cabins in the City Limited (Registered number: SC660157)

Notes to the Financial Statements - continued
for the Period 1 May 2023 to 31 May 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by participating interests 9,156 -
Other debtors 3,038 477
12,194 477

Mr I Miller is the sole director and shareholder of the participating interests.

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 315 -
Amounts owed to participating interests 49,352 52,252
Taxation and social security 870 -
Other creditors 210,669 234,497
261,206 286,749

Mr I Miller is the sole director and shareholder of the participating interests.

Included within other creditors is the directors' current account of £208,045 (2023: £230,696), which is unsecured, interest free and repayable on demand.

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 390,734

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst - 390,734

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans - 390,734

Cabins in the City Limited (Registered number: SC660157)

Notes to the Financial Statements - continued
for the Period 1 May 2023 to 31 May 2024

10. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 May 2023 (151,114 ) 138,888 (12,226 )
Profit for the period 14,742 14,742
Revaluation 138,888 (138,888 ) -
At 31 May 2024 2,516 - 2,516