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REGISTERED NUMBER: SC653034 (Scotland)















Unaudited Financial Statements for the Year Ended 31 January 2025

for

Temple View Limited

Temple View Limited (Registered number: SC653034)






Contents of the Financial Statements
for the Year Ended 31 January 2025




Page

Balance Sheet 1

Notes to the Financial Statements 3


Temple View Limited (Registered number: SC653034)

Balance Sheet
31 January 2025

31.1.25 31.1.24
Notes £    £   
FIXED ASSETS
Intangible assets 4 37,500 40,000
Tangible assets 5 204,097 209,132
241,597 249,132

CURRENT ASSETS
Stocks 4,900 2,850
Debtors 6 2,580 2,948
Cash at bank and in hand 79,832 52,259
87,312 58,057
CREDITORS
Amounts falling due within one year 7 (133,655 ) (123,234 )
NET CURRENT LIABILITIES (46,343 ) (65,177 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

195,254

183,955

CREDITORS
Amounts falling due after more than one
year

8

(124,533

)

(134,530

)
NET ASSETS 70,721 49,425

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 70,719 49,423
70,721 49,425

Temple View Limited (Registered number: SC653034)

Balance Sheet - continued
31 January 2025


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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 26 March 2025 and were signed on its behalf by:





Mrs S J Young - Director


Temple View Limited (Registered number: SC653034)

Notes to the Financial Statements
for the Year Ended 31 January 2025

1. STATUTORY INFORMATION

Temple View Limited is a private company, limited by shares, domiciled in Scotland, registration number SC653034. The registered office is Templeview, Carinish, Isle of North Uist, Western Isles, United Kingdom, HS6 5EJ.

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 invoiced sales of goods and services in respect of hotel services, excluding value added tax. Sales are recognised at the point at which the service is complete.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2020, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets and depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Plant and machinery - 25% on cost
Computer equipment - 33% on cost

Tangible fixed assets are stated at cost less depreciation. Cost represent purchase price together with any incidental costs of acquisition.

The directors have considered the residual value of all tangible fixed assets to be immaterial and therefore all tangible fixed assets are depreciated to nil value.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost is represented by purchase price.

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.


Temple View Limited (Registered number: SC653034)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025

2. ACCOUNTING POLICIES - continued
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.

Provisions
Provisions are recognised when the company has a legal or constructive obligation as a result of a past event, it is probable that an outflow of resources will be required to settle the obligation, and the amount has been reliably estimated. Provisions are not recognised for future operating losses. Provisions are discounted where the time value of money is material.

Where there are a number of similar obligations, the likelihood that an outflow will be required in settlement is determined by considering the class of obligations as a whole. A provision is recognised even if the likelihood of an outflow with respect to any one item included in the same class of obligations may be small.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2024 - 10 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2024
and 31 January 2025 50,000
AMORTISATION
At 1 February 2024 10,000
Charge for year 2,500
At 31 January 2025 12,500
NET BOOK VALUE
At 31 January 2025 37,500
At 31 January 2024 40,000

Temple View Limited (Registered number: SC653034)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025

5. TANGIBLE FIXED ASSETS
Freehold Plant and Computer
property machinery equipment Totals
£    £    £    £   
COST
At 1 February 2024
and 31 January 2025 210,000 3,332 495 213,827
DEPRECIATION
At 1 February 2024 4,200 - 495 4,695
Charge for year 4,200 835 - 5,035
At 31 January 2025 8,400 835 495 9,730
NET BOOK VALUE
At 31 January 2025 201,600 2,497 - 204,097
At 31 January 2024 205,800 3,332 - 209,132

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.25 31.1.24
£    £   
Trade debtors 2,580 2,578
Other debtors - 370
2,580 2,948

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.25 31.1.24
£    £   
Bank loans and overdrafts 9,607 9,218
Trade creditors 2,410 1,190
Taxation and social security 15,873 6,715
Other creditors 105,765 106,111
133,655 123,234

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.25 31.1.24
£    £   
Bank loans 124,533 134,530

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 86,104 97,657

Temple View Limited (Registered number: SC653034)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025

9. SECURED DEBTS

The following secured debts are included within creditors:

31.1.25 31.1.24
£    £   
Bank loans 134,140 143,748

The bank loan is secured by way of a bond and floating charge over the whole of the business assets.