SCANDINAVIAN VILLAGE LIMITED

Company Registration Number:
SC070383 (Scotland)

Unaudited statutory accounts for the year ended 31 December 2024

Period of accounts

Start date: 1 January 2024

End date: 31 December 2024

SCANDINAVIAN VILLAGE LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2024

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

SCANDINAVIAN VILLAGE LIMITED

Directors' report period ended 31 December 2024

The directors present their report with the financial statements of the company for the period ended 31 December 2024

Principal activities of the company

The principal activity of the company is that of managing the timeshare owners' residential properties at Scandinavian Village, Aviemore, Inverness-shire.



Directors

The directors shown below have held office during the whole of the period from
1 January 2024 to 31 December 2024

Ross Scott
Gordon Mejury
Michael Daly
Dawn Macfarlane
James Stewart


The director shown below has held office during the period of
1 January 2024 to 2 November 2024

Edward Monks


The director shown below has held office during the period of
2 November 2024 to 31 December 2024

Rita Cowan


Secretary Ross Scott

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
21 March 2025

And signed on behalf of the board by:
Name: Ross Scott
Status: Director

SCANDINAVIAN VILLAGE LIMITED

Profit And Loss Account

for the Period Ended 31 December 2024

2024 2023


£

£
Turnover: 1,157,628 1,087,236
Cost of sales: 0 0
Gross profit(or loss): 1,157,628 1,087,236
Administrative expenses: ( 1,326,694 ) ( 1,169,355 )
Other operating income: 30,875 41,643
Operating profit(or loss): (138,191) (40,476)
Interest receivable and similar income: 57,280 45,854
Interest payable and similar charges: ( 10,230 ) ( 13,673 )
Profit(or loss) before tax: (91,141) (8,295)
Tax: ( 4,204 ) ( 5,216 )
Profit(or loss) for the financial year: (95,345) (13,511)

SCANDINAVIAN VILLAGE LIMITED

Balance sheet

As at 31 December 2024

Notes 2024 2023


£

£
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 90,931 113,664
Investments: 4 647,858 503,693
Total fixed assets: 738,789 617,357
Current assets
Debtors: 5 67,734 97,203
Cash at bank and in hand: 257,748 212,454
Total current assets: 325,482 309,657
Creditors: amounts falling due within one year: 6 ( 805,168 ) ( 539,067 )
Net current assets (liabilities): (479,686) (229,410)
Total assets less current liabilities: 259,103 387,947
Creditors: amounts falling due after more than one year: 7 ( 35,000 ) ( 95,000 )
Provision for liabilities: ( 27,441 ) ( 23,237 )
Total net assets (liabilities): 196,662 269,710
Capital and reserves
Called up share capital: 1,000 1,000
Profit and loss account: 195,662 268,710
Total Shareholders' funds: 196,662 269,710

The notes form part of these financial statements

SCANDINAVIAN VILLAGE LIMITED

Balance sheet statements

For the year ending 31 December 2024 the company was entitled to exemption 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.

This report was approved by the board of directors on 21 March 2025
and signed on behalf of the board by:

Name: Ross Scott
Status: Director

The notes form part of these financial statements

SCANDINAVIAN VILLAGE LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover represents amounts receivable for managing timeshare owners' properties net of VAT and trade discounts.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are initially measured at cost and subsequently measured at cost, net of depreciation and impairment losses. Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the basis of 20% reducing balance. The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and carrying value of the asset, and is credited or charged to profit or loss. Initial purchases of furniture, fixtures and fittings are treated as tangible fixed assets; replacement expenditure is charged to the profit and loss account.

    Other accounting policies

    Basis of Accounting Scandinavian Village Ltd is a private company, limited by shares, incorporated in the UK under the Companies Act 2006 and is registered in Scotland. The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of FRS 102 and the Companies Act 2006 as applicable to companies subject to the small companies regime. The financial statements are presented in pounds sterling which is the functional currency of the company and rounded to the nearest £. Deferred Tax Deferred Tax arises as a result of including items of income and expenditure in taxation computations in periods different to those in which they are included in the Company's financial statements. The carrying amount of deferred tax assets are reviewed at each reporting date. Leases Rentals payable under operating leases, including any lease incentives received, are charged to income on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease asset are consumed.

SCANDINAVIAN VILLAGE LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 40 40

SCANDINAVIAN VILLAGE LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 January 2024 352,452 25,833 378,285
Additions
Disposals
Revaluations
Transfers
At 31 December 2024 352,452 25,833 378,285
Depreciation
At 1 January 2024 241,562 23,059 264,621
Charge for year 22,178 555 22,733
On disposals
Other adjustments
At 31 December 2024 263,740 23,614 287,354
Net book value
At 31 December 2024 88,712 2,219 90,931
At 31 December 2023 110,890 2,774 113,664

SCANDINAVIAN VILLAGE LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

4. Fixed assets investments note

Investments held in listed share are recorded at fair value at each reporting date. Any movements in fair value are recognised in the profit and loss account. Any potential deferred tax liability arising on the notional gain from investments at fair value is recorded at each reporting date.

SCANDINAVIAN VILLAGE LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

5. Debtors

2024 2023
£ £
Trade debtors 2,302 12,843
Other debtors 65,432 84,360
Total 67,734 97,203

SCANDINAVIAN VILLAGE LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

6. Creditors: amounts falling due within one year note

2024 2023
£ £
Bank loans and overdrafts 60,000 60,000
Trade creditors 99,385 51,852
Taxation and social security 127,240 16,746
Other creditors 518,543 410,469
Total 805,168 539,067

SCANDINAVIAN VILLAGE LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

7. Creditors: amounts falling due after more than one year note

2024 2023
£ £
Bank loans and overdrafts 35,000 95,000
Total 35,000 95,000