Myriehall Cottages Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: SC738752

		31 July 2024		31 July 2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		6,984		-

			6,984		-
CURRENT ASSETS
Debtors	5	2,040		146
Cash at bank and in hand		1,713		1,668

		3,753		1,814
Creditors: Amounts Falling Due Within One Year	6	(52,310 )		(4,406 )

NET CURRENT ASSETS (LIABILITIES)			(48,557 )		(2,592 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(41,573 )		(2,592 )

NET LIABILITIES			(41,573 )		(2,592 )

CAPITAL AND RESERVES
Called up share capital	7		2		2
Profit and Loss Account			(41,575 )		(2,594 )

SHAREHOLDERS' FUNDS			(41,573)		(2,592)

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Myriehall Cottages Ltd

Balance Sheet (continued)

As At 31 July 2024

For the year ending 31 July 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 Profit and Loss Account.

On behalf of the board

Mr Adrian Kay

Director

10/04/2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Myriehall Cottages Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC738752 . The registered office is Unit 7-8 Inchwood Park, Bathgate, EH48 2FY.

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. Going Concern Disclosure

The financial statements have been prepared on a going concern basis. The directors have, at the time of approving the financial statements, a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus, they continue to adopt the going concern basis of accounting in preparing the financial statements.

In reaching this conclusion, the directors have considered the company’s current financial position, its cash flow forecasts, and available facilities. Based on this review, the directors are satisfied that the company has sufficient resources to meet its obligations as they fall due and that there are no material uncertainties that may cast significant doubt on the company’s ability to continue as a going concern.

2.3. 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 sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

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.

2.4. 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:

Plant & Machinery	20% on cost
Fixtures & Fittings	20% on cost

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2023: 2)

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Myriehall Cottages Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 July 2024

4. Tangible Assets

	Plant & Machinery	Fixtures & Fittings	Total
	£	£	£
Cost
As at 1 August 2023	-	-	-
Additions	2,044	5,903	7,947

As at 31 July 2024	2,044	5,903	7,947

Depreciation
As at 1 August 2023	-	-	-
Provided during the period	307	656	963

As at 31 July 2024	307	656	963

Net Book Value
As at 31 July 2024	1,737	5,247	6,984

As at 1 August 2023	-	-	-

5. Debtors

	31 July 2024	31 July 2023
	£	£
Due within one year
Trade debtors	2,040	-
Prepayments and accrued income	-	146

	2,040	146

6. Creditors: Amounts Falling Due Within One Year

	31 July 2024	31 July 2023
	£	£
Trade creditors	7,187	1,770
Other taxes and social security	3,955	-
VAT	8,709	501
Pension Payable	75	-
Accruals and deferred income	2,320	1,804
Directors' loan accounts	30,064	331

	52,310	4,406

7. Share Capital

	31 July 2024	31 July 2023
	£	£
Allotted, Called up and fully paid	2	2

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